The real estate investment firm FCP has invested $22 million in preferred equity to finance two multifamily transactions in the Southeast.
FCP is funding the development of Arris NoDa, a 276-unit, four-story, garden-style property in Charlotte, North Carolina, with partner Arris, and a recapitalization with Grubb Properties of Link Apartments West End (pictured above), a Class A, 215-unit, five-story midrise apartment community in Greenville, South Carolina.
“FCP is pleased to provide financing through our Structured Investments platform for these transactions, each well-located in a dynamic Southeast market,” said Kevin Murphy, a member of FCP’s structured investments team. “We are fortunate to have a successful history with both investment partners and recognize their respective expertise in delivering and operating well-positioned apartment communities.”
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