FCP® and VaultCap Partners have acquired Huntington Meadows apartments, a 200-unit multifamily property at 7000 Decker Lane in Austin.
Huntington Meadows is the first acquisition in Austin for both FCP and VaultCap and was sourced through an off-market opportunity based on an existing relationship.
Terms of the transaction were not disclosed.
“Huntington Meadows provided FCP with an excellent opportunity to enter the Austin market with a well-located affordable property in a quickly growing submarket with limited supply,” said Cole Kellogg, vice president at FCP. “Huntington Meadows will be our third investment alongside VaultCap. Our commitment to and experience with a large portfolio of affordable and moderate-income properties provided us with the background to get TDHCA approval to operate this mixed affordable asset.”
Huntington Meadows is the 18th multifamily investment for FCP in Texas during the past four years.
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