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Sign in Sign up for a FREE subscriptionFCP holds $755m final close for fourth realty fund
FCP, a privately held real estate investment company, has held a $755 million final close for FCP Realty Fund IV.
The fourth fund in the realty fund series targets multifamily and commercial property opportunities throughout the eastern United States and Texas. Fund IV, when fully invested, is expected to accommodate approximately $2.5 billion of total investments. FCP has already closed on one investment through Fund IV, an adaptive re-use creative office project, known as Sylvan Supply, located in Nashville, Tenn.
“The foundational piece of our portfolio continues to be investments in the moderate income, class B and C apartment sectors that provide durable cashflow and a strong hedge against rising interest rates,” said FCP managing partner, Esko Korhonen. “The remainder of the portfolio is targeted to include alpha-generating investments with a highly targeted approach to multifamily development and value-add commercial office focusing on adaptive re-use and