FCP has purchased Westwood Glen, a 247-unit apartment community in Atlanta, for $24.5 million. The acquisition marks FCP's 21st investment in Atlanta and the ninth in the city's Westside.
"Located in the same submarket as two other FCP communities, Westwood Glen is a well-maintained asset in a location primed for continued growth," said Scott Reibstein, FCP associate. "FCP has a strong presence in West Atlanta, which is proximate to the thriving South Fulton industrial corridor, one of the largest corridors of its kind in the U.S., generating robust job growth and demand for housing."
Westwood Glen is located at 1225 Fairburn Road SW and features one and two-bedroom floorplans with hardwood floors, pool with sundeck, and a children's playground in a lush, wooded setting. FCP plans to improve amenities at the community, including the addition of a dog park, package lockers and grilling areas.
