Federal Capital Partners has held a $512.1 million close for its FCP Realty Fund III.
The fund targets multifamily and commercial properties and structured opportunities throughout the Eastern United States.
Fund III, when fully invested, is expected to accommodate approximately $1.7 billion of total investments. Fund III has already closed 20 investments, committing $332.4 million of fund equity and representing total value of $1.1 billion.
FCP Realty Fund II closed in 2012 with $529.5 million, exceeding its $500 million target. The value-added vehicle invested in the multifamily, office, retail and industrial sectors.
