The development will include office and retail space as well as restaurants.Ĭushman & Wakefield Director Travis Presnell of the Southeast Multifamily Advisory Group represented the seller in the sale. Fund IV has already been used last September to purchase a former industrial site in Nashville, Tenn., with plans for an adaptive reuse project known as Sylvan Supply. In November, FCP closed the $755 million Fund IV intended for multifamily and commercial assets in the East Coast and Texas. The transaction marks FCP’s sixth purchase in the Atlanta area-the company used its Fund III to acquire Chroma Park. FCP revealed capital improvement plans across the property, which will include upgrades to the buildings, amenities and interiors. The community was 91.9 percent occupied at the time of the sale, according to Yardi Matrix. The 15-building property features one- to three-bedroom apartments with community amenities that include: The proximity to the East-West Connector and interstates 75 and 575 grant access to local employment hubs and retail venues. Located at 2105 Mesa Valley Way, the garden-style gated community is less than 19 miles from downtown Atlanta. The seller had bought the 210-unit asset as part of a $64.1 million portfolio in 2016, per Yardi Matrix data. According to Cobb County records, the buyer received a $22.4 million, three-year acquisition financing from Capital One. For further information on FCP, please visit spent $29.5 million to acquire Chroma Park in Austell, Ga., from Hercules Real Estate Services. Linkin Park was the first time I ever connected with music emotionally. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. Nashid Chroma - M Y D C M B R (Chester Linkin Park). The guard and handle are black with neon chromatic cracks. Appearance Its chromatic colored blade takes a jagged shape with black hemispheres varying in different sizes attached to it. The firm makes equity and mezzanine investments in income-producing and development properties. Chroma Estimated Value 圆3 Seers ( MM2V) 60 ( Supreme) Chroma Seer is a chroma knife that is obtainable by crafting a Random Painted Seer or through trading. FCP invests directly and with operating partners in commercial and residential assets. Chroma is Lakms ammonia-free permanent hair color, featuring a range of 32 colors developed with high-performance technology to deliver intense, vibrant. While Chroma Park was acquired through FCP's Fund III, the investment comes on the heels of the launch of FCP's recently closed $755 million Fund IV, fueling the company's targeting of multifamily and commercial assets across major markets along the East Coast and Texas.įCP extends its appreciation to Travis Presnell and the Cushman & Wakefield Southeast Multifamily Advisory Group for representing the seller in the transaction.įCP SM is a privately held real estate investment company that has invested in or financed more than $6 billion in assets since its founding in 1999. FCP plans on investing in capital improvements across the property, including upgrades to the buildings, amenities and interiors. Atlanta continues to demonstrate healthy employment and population growth, so we are excited to grow our footprint here."Īmenities at Chroma Park include a fitness center, lighted tennis courts, resort-style swimming pool, dog park and playground. Cathcart continued, "Strong local employment and retail paired with access to Atlanta's largest employment hubs should position this asset well over the long term. "Chroma Park is a stable, workforce housing community located on one of Atlanta's busiest east-west thoroughfares," said FCP Vice President, Alex Cathcart. 304 Gallatin Park Drive, Suite 218 Bozeman, MT 59715. Chroma Park marks FCP's 6 th investment in the Atlanta area. 12, 2019 /PRNewswire/ - FCP SM announces the $29.5 million acquisition of Chroma Park, a 210-unit garden-style apartment community located at 2105 Mesa Valley Way in the Atlanta suburb of Austell, GA.
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