ATLANTA, GA - FCP announces the acquisition of Westwood Glen, a 247-unit apartment community in Atlanta, GA for $24.5 million. The acquisition marks FCP's 21st investment in Atlanta and the 9th in the city's Westside.
"Located in the same submarket as two other FCP communities, Westwood Glen is a well-maintained asset in a location primed for continued growth," said FCP's Scott Reibstein. Reibstein continued, "FCP has a strong presence in West Atlanta, which is proximate to the thriving South Fulton industrial corridor, one of the largest corridors of its kind in the U.S., generating robust job growth and demand for housing."
Westwood Glen is located at 1225 Fairburn Road, SW and features one and two-bedroom floorplans with hardwood floors, pool with sundeck, and a children's playground in a lush, wooded setting. FCP plans to improve amenities at the community, including the addition of a dog park, package lockers and grilling areas.
FCP extends its appreciation to Paul Vetter and Andrew Mays of Berkadia for their representation.