FCP Provides Preferred Equity for Multifamily Development in Wesley Chapel, Florida
FCP has announced a preferred equity investment through its Structured Investments platform to support the development of Aventon Wesley Chapel, a new multifamily community with 384 units located in Wesley Chapel, Florida. The project is being developed by Aventon Companies and will be situated along Meadow Pointe Boulevard in one of Tampa's fastest-growing submarkets. This investment builds on FCP’s existing partnership with Aventon Companies following their collaboration on the Aventon Lana development in Clearwater. Bruce Gago, who leads FCP's Florida office, emphasized that this project aligns with FCP's strategy to invest in well-located developments led by experienced sponsors. Wesley Chapel is a rapidly expanding area near major employment centers and healthcare facilities such as AdventHealth Wesley Chapel and BayCare Hospital. The investment highlights FCP’s continued expansion into the Florida real estate market, leveraging its $14.8 billion portfolio to provide flexible capital solutions in high-growth regions.
Topics: Florida real estate investment partnership