FCP Announces $22 Million Preferred Equity Investment for Multifamily Development in Falls Church, VA
FCP has announced a $22 million preferred equity investment through its Structured Investments platform to support the development of a 305-unit apartment complex near the West Falls Church Metro Station. The project is part of a larger mixed-use community on 42 acres that includes retail, office space, senior living, and for-sale residences. Located in Falls Church, Virginia, it offers convenient access to major job centers like Arlington, Tysons Corner, and Washington, DC. The investment marks FCP's second preferred equity deal within the past two months, following a similar transaction at Aventon Wesley Chapel in Florida. The firm is partnering with Rushmark Properties, an established multifamily developer in the region. FCP emphasized its strategy of supporting quality developments led by experienced teams and highlighted HITT as the general contractor for this project. This investment underscores FCP's ongoing commitment to Washington, DC area real estate assets and reflects its ability to provide flexible capital solutions amid a challenging market environment.
Topics: multifamily housing preferred equity investment real estate development