FCP Broadens Florida Real Estate Holdings with Alexan Miramar Acquisition
FCP Broadens Florida Real Estate Holdings with Alexan Miramar Acquisition
FCP® is thrilled to announce a significant addition to its Florida portfolio with the acquisition of the Alexan Miramar Apartments, a newly constructed multifamily community located strategically in Miramar, FL. This vibrant development, consisting of 250 units, represents FCP's commitment to investing in high-quality housing within prime locations, particularly in the burgeoning market of Broward County.
Strategic Importance of Alexan Miramar
According to Bruce Gago, Senior Vice President at FCP and head of Florida investments, this acquisition aligns perfectly with the company's growth strategy. In a challenging macroeconomic environment, FCP continues to identify opportunities that resonate with its core mission of delivering premium housing solutions. He elaborated, "In a challenging macro environment, FCP continues to identify and execute on opportunities that align with our commitment to delivering high-quality housing in prime locations."
The confidence in South Florida's growth potential serves as a bedrock for this venture, especially regarding the increasing demand for market-rate housing close to key employment and retail centers.
Features of the Alexan Miramar Community
Residents at Alexan Miramar can expect a range of thoughtfully designed apartments that cater to modern lifestyles. The offerings include studios, one-bedroom, two-bedroom, and three-bedroom homes, all equipped with premium amenities:
- - Community Amenities:
- A fitness center with an expansive rooftop activity deck
- A shaded dog park spanning 3,000 square feet
- Co-working spaces and a creative studio
- Green spaces, including a hammock garden that overlooks a scenic pond
- - Apartment Features:
- Spacious bathrooms with dual access
- Elegant hardwood flooring
- Tech-forward amenities designed to meet the needs of today's renters.
Commitment to Growth in Florida
The acquisition reinforces FCP’s persistent focus on deploying capital in high-growth markets like Florida, where the company has continuously invested in multifamily developments. With its roots in Chevy Chase, MD, FCP has managed to amass a diverse portfolio, having invested or financed over $13.1 billion in real estate assets since 1999.
Acknowledging the collaborative efforts that made this transaction possible, FCP extends gratitude to Denny St. Romain and Charles Crapse of CBRE, who secured the financing for this acquisition, as well as Robert Given and Zachary Sackley, who played pivotal roles in facilitating the transaction.
About FCP
FCP® is recognized as a privately held real estate investment firm that has carved a niche for itself in both commercial and residential sectors. The company's strategy encompasses direct investments and partnerships targeting major real estate markets in the United States. As they look to the future, FCP remains committed to enhancing its portfolio with high-quality properties that align with evolving market trends. For more information on FCP, visit FCPDC.
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