FCP℠ has paid $23.2 million for the Ashford at Spring Lake, a 180-unit garden apartment community in Atlanta.
The acquisition of Ashford at Spring Lake marks FCP’s fifth investment in the Atlanta area this year, bringing the firm’s Atlanta portfolio to approximately 1,930 units.
“Ashford at Spring Lake is a very well-maintained community designed to appeal to families,” said Alex Cathcart, FCP vice president. “The community is within a thriving logistics and industrial jobs corridor, creating demand for moderately priced apartments such as Ashford at Spring Lake.”
