FCP Adds 3rd Rental Asset to S. Florida Portfolio

FCP Adds 3rd Rental Asset to S. Florida Portfolio
News| September 2, 2025| Mike Boyd
Florida & Gulf Coast + Apartment Buildings

FCP acquired the 427-unit District West Gables from Waterton Associates. This marks FCP’s third investment in South Florida within the past nine months. FCP plans to implement a value-enhancement program focused on modernizing common areas and amenities while renovating unit interiors. The company has engaged Greystar as property manager.

Hampton Beebe of Newmark represented the seller in the deal, while Matt Williams, Daniel Matz, and Rob Wright of Newmark represented the buyer.

The S. Florida Business Journal reports FCP paid $111 million for the rental community. The two seven-story buildings sold for $116 million in 2017.

District West Gables has two pools, a movie room, two fitness centers, and two lounges. Units range from 550 to 1,250 square feet.

Other News

TruAmerica Pays $120M for Perimeter Center Rental Community

Atlanta & Southeast + Apartment Buildings

TruAmerica Multifamily acquired Bricks at Perimeter Center for $120 million. Clark Ventures was the seller of the 446-unit, garden-style apartment community in Atlanta’s Perimeter Center submarket. Clark paid $69.5 million for the property in 2016. TruAmerica will revamp nearly all of the rooms in the complex, which was built in 2007. The company plans to incorporate...

Learn more

BTI, Bridge Score $109M for Hollywood’s Bread Building

Florida & Gulf Coast + Apartment Buildings

BTI Partners and Bridge Investment Group closed on $109 million in financing for the Bread Building, a multifamily property located in downtown Hollywood, Florida. Cushman & Wakefield arranged, and Greystone provided the Freddie Mac loan for the transaction on behalf of borrowers, BTI Partners and Bridge Investment Group. Cushman & Wakefield’s Equity, Debt & Structured Finance...

Learn more

Synergy Hosts Official Opening for Massachusetts’ Largest Office-to-Resi Conversion

Boston & New England + Apartment Buildings

Synergy held the official opening of Altitude Worcester, the largest office-to-residential conversion in Massachusetts, with a ribbon cutting ceremony with Juana Matias, the Secretary of the Massachusetts Executive Office of Housing and Livable Communities , and the City of Worcester. The event also marked the completion of 22 Elm St., the adjacent affordable homeownership community Synergy...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up