FCP has paid $40.5 million for Park 35 Apartments, a 304-unit garden apartment community at 3529 Robins Landing Way in Decatur, Ga.
FCP has invested in 33 properties since its entry into the Atlanta market in 2015 and its multifamily portfolio in the market now stands at 6,870 units.
“Park 35 is located in an improving submarket with excellent access to Atlanta’s infill employment centers,” said Michael Errichetti, a senior associate - multifamily acquisitions at FCP. “The property fits well within FCP’s growing workforce apartment portfolio.”
Park 35 residents enjoy convenient access to key employment centers as well as shopping centers anchored by major retailers, including Publix, Kroger, CVS and Walmart. Shoal Creek Park is adjacent to the property, providing open green spaces.
