Source: Federal Capital Partners / #Apartments #Multifamily
ROSWELL, GA - Federal Capital Partners (FCP) announced the acquisition of the River Trace Apartments in the Atlanta, GA city of Roswell for $29.5 million. Residents of the garden and townhome style apartments enjoy a quiet, lakefront setting on 34 acres in a highly desirable North Atlanta location. This transaction marks FCP's fourth investment in Atlanta this year.
"River Trace Apartments offers very well-located workforce housing in a market with few similar options," said FCP Sr. Vice President, Bryan Kane. "This location in Roswell is particularly appealing due to the strong Fulton County schools, easy access to GA-400 and the Perimeter, and its proximity to a number of job centers." River Trace will be rebranded as River Crossing at Roswell as part of planned renovations to the community.
River Trace is located adjacent to neighborhood shopping centers anchored by a Publix and a Lifetime Fitness. Walking distance to the Chattahoochee River, River Trace has a full array of amenities that includes a clubhouse with a fitness center overlooking the property's lake, a pool, a playground, a picnic area and a laundry center. The one, two, three and four bedroom apartments are characterized by exceptionally large floor plans, full size washer and dryer connections, and private balconies and patios.
FCP extends its appreciation to Shea Campbell and CBRE for their representation of the seller.
Federal Capital Partners (FCP) is a privately held real estate investment company that has invested in or financed more than $4.0 billion in assets since its founding in 1999. FCP invests in all asset classes and provides equity, preferred equity and structured debt investments for commercial and residential real estate. The firm, based in Chevy Chase, MD, owns and manages in excess of $2.3 billion in assets.