News
A HARD LOOK AT MULTIFAMILY
May 22, 2012
| The well-publicized uptick in multifamily development in greater Charlotte is not, it seems, discouraging developers and investors from eying other area projects—especially after they've successfully entered the Carolinas in other markets, as has Maryland-based Federal Capital Partners. | ||
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| FCP VP acquisitions for the Carolinas Bryan Kane tells us that the company has a strong interest in buying or financing residential assets—and office and retail as well—in Charlotte and the Triangle markets due to their increasingly diverse economies and strong growth potential. The fact that Charlotte's population has exploded in recent years hasn't been overlooked. The company has made four investments in North Carolina during the past 15 months, and "we are also in active discussions on several projects in both Charlotte and the Triangle," Bryan says. | ||
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| FCP's latest venture in North Carolina is a JV with Kane Realty Corp to develop 400 apartments on 15 acres in an existing mixed-use property in the affluent North Hills neighborhood of Raleigh (pictured). The company has been interested in acquiring or developing properties in North Carolina since early 2011, when it bought two apartment complexes in the Triangle area. |
