FCP® announces the sale of River Crossing at Roswell in Atlanta, GA. The 312-unit community was acquired by FCP as River Trace Apartments in August 2016 and has been repositioned through $5.5 million in improvements to community amenities, unit interiors and curb appeal.
“River Crossing enjoys a great location within Atlanta’s premier northern suburb as well as a unique lakeside setting on 34 acres,” said FCP’s Cristina Istrate. “We are thrilled with the results of our repositioning of this property and continue to seek new investments in Atlanta as its resilient and diverse economy drives job growth and a growing workforce.”
River Crossing at Roswell is located adjacent to neighborhood shopping centers anchored by a Publix and a Lifetime Fitness. Walking distance to the Chattahoochee River, the community has a full array of amenities that include a now fully-renovated clubhouse with a fitness center overlooking the property’s lake, a pool, a playground, a picnic area and a laundry center. 36% of the one, two, three and four bedroom apartments were renovated and are characterized by exceptionally large floor plans, full size washer and dryer connections, and private balconies and patios.
FCP extends its appreciation to Shea Campbell, Ashish Cholia, Kevin Geiger, Colleen Hendrix and Mark Taylor of CBRE Southeast Multifamily for their representation in the sale.
FCP® is a privately held real estate investment company that has invested in or financed more than $8.6 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets and maintains a regional office in Atlanta. The firm makes equity and mezzanine investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit www.fcpdc.com.