Federated Hermes Completes Acquisition of Multifamily Specialist FCP
Federated Hermes, Inc. has completed its $331-million acquisition of an 80% majority interest
in FCP Fund Manager, L.P., a privately held US real estate investment manager based in Chevy
Chase, MD. In connection with the closing, FCP Fund Manager, L.P. converted to a Delaware
limited liability company named Federated Hermes FCP Manager, LLC.
Founded as a specialist in the U.S. multifamily sector, FCP invests across the U.S. multifamily asset class through predominantly equity and several debt vehicles. Since its inception in 1999, the firm has invested in, operated and/or financed more than $14.8 billion in gross asset value, including more than 75,000 multifamily units. FCP’s 75-plus-member team will continue operating from its existing locations.
First announced last October, the acquisition aligns with Federated Hermes’ strategy to expand its private markets and alternatives capabilities globally. It also complements Federated Hermes’ longstanding UK real estate operations, which had $5.3 billion in assets under management as of Dec. 31, 2025.
J. Christopher Donahue, president and CEO, Federated Hermes, said, “FCP’s longstanding track record of delivering attractive risk-adjusted returns, together with its deep local market knowledge, provides an exceptional platform for long-term growth.”
Pictured: Mira and Ador, an apartment project in Arlington, VA for which FCP provided $47.1 million financing.
Other News
RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community
An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...
Learn more
Pasadena Offices Sell for Residential Conversion
NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...
Learn more
Berkadia Negotiates Student Housing Property Sale in Kansas
Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout