Several Federal Capital Partners (FCP) investments have been recognized in key industry awards in recent weeks, including:
- The Munsey Building, a 146-apartment high rise apartment building in Baltimore, Maryland, which was awarded 2nd place by the Baltimore Business Journal as a “Heavy Hitter” in the category of Foreclosure Auctions. The annual Heavy Hitters awards this year recognized “relentless pursuit of the deal” and economic impact to the City of Baltimore. FCP acquired the Munsey Building in December 2010.
- Gaslight Square, a 117-unit luxury residential condominium project in Arlington, Virginia, which was awarded Top Financing Deal in the Washington Business Journal’s annual Best Real Estate Deals awards. FCP provided $24 million in mezzanine capital to the project, which is being developed by Abdo Development and broke ground in January 2011.
- The National Cancer Institute’s Advanced Technology Research Facility at Riverside Research Park in Frederick, Maryland, which was awarded Best Biotech/Science and Technology Project by the National Association of Industrial and Office Parks (NAIOP) Maryland/DC Chapter. FCP partnered with The Matan Companies, the project developer, providing equity capital and securing a $52 million construction loan. The project is scheduled for completion in summer of 2012.
About Federal Capital Partners
Federal Capital Partners (FCP) is a Washington, DC based, privately held real estate investment company that has acquired interests in more than $2 billion in assets since 2003. FCP invests in residential and commercial assets throughout the Mid-Atlantic region, including Washington, DC, Baltimore, Philadelphia, the Virginia Tidewater region and the Raleigh/Durham area. Over the past two years, FCP has been one of the most active investors in the Washington region, amassing more than $1 billion in real estate assets. FCP’s managing partners are Tom Carr, Esko Korhonen, Alex Marshall and Lacy Rice.
Through its discretionary co-mingled private equity funds, FCP invests directly in core plus, value-add, opportunistic and development properties. In addition, FCP provides both equity and debt capital to real estate operating partners and is aggressively seeking office, residential (for sale and for rent), industrial and retail investments in all of its target markets.