#United States #FCP #ARIUM Sunrise #BMC Investments #Sunrise, FL

FCP Expands in Florida with Strategic Acquisition

FCP continues its strategic growth in Florida by successfully acquiring the ARIUM Sunrise community, a multifamily property consisting of 400 units located in Sunrise, Florida. The acquisition, orchestrated in partnership with BMC Investments and The RMR Group, underscores FCP's dedication to investing in high-demand markets with significant potential for value enhancement.

Bruce Gago, Senior Vice President at FCP, expressed confidence in Broward County's robust growth trajectory, reinforcing the company's strategy to focus on acquiring well-located assets in the region. “We believe Broward County remains one of Florida's fastest-growing areas, and our recent investments underscore our commitment to securing strategically positioned properties in this key market,” Gago stated.

Constructed in 1998, ARIUM Sunrise boasts an impressive occupancy rate of 94%. The property features an array of amenities designed to enhance residents’ living experiences. These amenities include a swimming pool, a well-equipped clubhouse, and a state-of-the-art fitness center. As part of FCP's commitment to improvement, the company and its partners are set to renovate approximately 32 units, constituting around 8% of the total apartments, which still maintain their original condition. This initiative aims to meet the evolving expectations of today's tenants.

Location is pivotal, and ARIUM Sunrise is ideally situated near major attractions such as the Sawgrass Mills Mall and the Amerant Bank Arena, ensuring residents have access to top-notch shopping, dining, and entertainment options.

For the acquisition, financing was provided by Wells Fargo, a testament to the partnership’s strength and credibility in the market. FCP also extends its gratitude to the CBRE team, specifically Robert Given and Zachary Sackley, who represented the seller, alongside Charles Crapse and Denny St. Romain, who facilitated the acquisition loan.

“Our ability to finalize deals like the acquisition of ARIUM Sunrise in the current market reflects our strong conviction and robust strategic partnerships,” Gago emphasized. “We are not just active participants—we are expanding, poised to allocate more capital into promising opportunities.”

About FCP

FCP, a privately owned real estate investment enterprise, has made significant strides since its inception in 1999, having invested in or financed over $13.1 billion worth of assets. The firm engages in direct investments and collaboration with operating partners across diverse commercial and residential assets, focusing primarily on income-generating and developmental properties. Headquartered in Chevy Chase, Maryland, FCP utilizes both discretionary funds and separate accounts targeted at major U.S. real estate markets. For further insights about FCP, visit fcpdc.com.

About BMC Investments

BMC Investments is renowned for its disciplined approach to real estate investment, generating exceptional returns through acquisition, development, and management of various property types throughout the United States. The firm emphasizes creating long-term value in its assets while achieving strong risk-adjusted returns. More information can be found at bmcinv.com.

About The RMR Group

The RMR Group is a leading alternative asset management firm focused on commercial real estate and related businesses. With over 1,000 real estate professionals across more than 35 offices, RMR manages assets exceeding $40 billion. It leverages a scalable platform backed by a management team with extensive institutional experience. To learn more, visit rmrgroup.com.

Conclusion

The acquisition of ARIUM Sunrise is a testament to FCP’s commitment to enhancing its investment portfolio while improving living conditions for its residents. With both BMC Investments and The RMR Group onboard, this collaboration presents a promising future for the community and a stronger foothold in Florida’s thriving real estate market.