FCP acquires Brookview Apartments in Atlanta for USD20m
FCP has completed the USD20.0 million acquisition of Brookview Apartments, a 216-unit apartment community in Douglasville, Georgia.
The acquisition marks FCP’s 19th investment in Atlanta and the firm’s third investment in the Douglasville submarket.
“Brookview fits well within FCP’s growing west Atlanta portfolio which has seen the addition of eight assets since 2019,” says FCP’s Michael Errichetti. Errichetti continued, “The property is proximate to west Atlanta’s large industrial and logistics market, which has seen tremendous growth over the past few years.”
The community is located at 8460 Hospital Drive in Douglasville, minutes from FCP-owned Stewarts Mill and Place at Midway. The community features one, two and three-bedroom family friendly floorplans with community amenities that include a grilling area, dog park, playground, pool and business centre. Residents have access to a handful of retail amenities in the immediate neighbourhood, including a walkable Kroger across the street.
FCP extends its appreciation to Chris Lyon and the Cushman & Wakefield Southeast Multifamily Advisory Group for their representation.