Fundraising - MARCH 5, 2015

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FCP markets third fund

by Andrea Waitrovich

Federal Capital Partners has a third fund in the market, according to an SEC filing. FCP Realty Fund III has a $550 million fundraising target. It has raised $216.15 million thus far.

FCP Realty Fund II closed in 2012 with $529.2 million. It invests in multifamily, office, retail and industrial opportunities throughout the mid-Atlantic region. The firm is currently investing the FCP Fund II’s capital. When fully invested, the portfolio is expected to be worth $1.5 billion in total investments. Recently, FCP sold 4040 N. Fairfax Drive in Ballston, Md., to a joint venture between Lionstone Investments and Penzance. The sale of the 10-story, 182,832-square-foot office will generate gross proceeds of $56.2 million to FCP Fund II.

The firm purchased Regency Square, a 366-unit apartment community in Forestville, Md., for $21.8 million in

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