FCP buys 400-unit Sunrise apartment complex for $90M, amid slow investment sales so far this year

FCP bought a 400-unit apartment complex in Sunrise for $90 million.  Chevy Chase, Maryland-based FCP bought the Arium Sunrise complex at 1501 Northwest 124th Terrace from Los Angeles-based PCCP and Newton, Massachusetts-based RMR Group, according to records and real estate database Vizzda. The deal breaks down to $225,000 per unit.  The buyer borrowed a $74 […]

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