Federal Capital Partners (FCP), one of the Washington DC area’s most active privately held real estate investment companies, today announced its headquarters move to 5425 Wisconsin Avenue in Chevy Chase, MD from its original location in Washington, DC. FCP signed a seven and a half year lease for 5,858 square feet to house 25 current employees with the potential for five to seven new employees to be hired over the next two years.
“While we remain strongly invested in Washington, DC, we had the opportunity to move our offices to a location that offered visibility, excellent access to all of our Washington area submarkets and a wonderful array of amenities for our employees at a Metro location,” said FCP Vice President and Controller, Garland Faist. Mr. Faist continued, “We credit Montgomery County and the State of Maryland for creating an economically attractive environment for businesses like ours.”
“FCP has contributed to our community by investing in multi-family real estate for many years,” said Montgomery County Executive Isiah (Ike) Leggett. “We are delighted that FCP chose to move its headquarters to Chevy Chase. This move strengthens a burgeoning real estate and finance cluster in the Bethesda-Chevy Chase Corridor. We wish them growth and success.”
“We welcome Federal Capital Partners to our corporate community and look forward to working with them as they grow and create jobs at their new Maryland headquarters,” said Christian S. Johansson, Secretary of the Maryland Department of Business & Economic Development. “This is a great example of the positive impact that State and local governments can have when they leverage resources and work together to help attract companies to the State.”
About Federal Capital Partners
Federal Capital Partners (FCP), based in the Washington, DC metropolitan area, is a privately held real estate investment company that has acquired interests in more than $3 billion in assets since 2003. FCP invests in multi-family and commercial assets throughout the Mid-Atlantic region, including Washington, DC, Baltimore, Philadelphia, the Virginia Tidewater region and the Raleigh/Durham area and currently manages a portfolio of approximately $1.8 billion in real estate assets throughout those markets. 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. Over the last two years, FCP has been one of the most active real estate investment companies in the Mid-Atlantic region, investing approximately $1 billion in transactions that ranged from direct investment as a JV partner in a downtown office building, to the purchase of a note of a foreclosed retail center, and the funding through preferred equity and mezzanine capital for a multi-family residential development. For further information on FCP, please visit www.fcpdc.com