FCP announced it invested $22 million in preferred equity through its Structured Investments platform to finance two multifamily transactions: the development of Arris NoDa, a 276-unit, four-story, garden-style property in Charlotte, N.C. with partner Arris; and a recapitalization with Grubb Properties of Link Apartments West End, a class A, 215-unit, five-story midrise apartment community in Greenville, S.C.
"FCP is pleased to provide financing through our Structured Investments platform for these transactions, each well-located in a dynamic Southeast market," said Kevin Murphy, vice president, structured investments at FCP.
