FCP AND VAULTCAP PARTNERS ACQUIRE HUNTINGTON MEADOWS APARTMENTS IN AUSTIN, TX

CHEVY CHASE, Md., June 13, 2022 /PRNewswire/ — FCP_® and VaultCap Companions (VaultCap) announce the acquisition of Huntington Meadows flats, a 200-unit multifamily property at 7000 Decker Lane in Austin, Texas. Huntington Meadows is the primary acquisition in Austin for each FCP and VaultCap and was sourced via an off-market alternative primarily based on an present relationship. Phrases of the transaction weren’t disclosed.

“Huntington Meadows offered FCP with a wonderful alternative to enter the Austin market with a well-located inexpensive property in a shortly rising submarket with restricted provide,” mentioned FCP’s Cole Kellogg. “Huntington Meadows will probably be our third funding alongside VaultCap. Our dedication to and expertise with a big portfolio of inexpensive and moderate-income properties offered us with the background to get TDHCA approval to function this blended inexpensive asset.” Huntington Meadows is the 18th multifamily funding for FCP in Texas during the last 4 years.

“Mark (Christ) and I are extremely excited to proceed our FCP relationship with the Huntington Meadows acquisition. To have the ability to enter the Austin market with an asset of this high quality and enticing foundation is an actual boon for our agency,” mentioned VaultCap Companions’ Ryan Heddleston.  

Huntington Meadows gives residents with glorious entry to main Austin highways together with I-35, I-183, and I-13 with connections to main employers Tesla, Austin-Bergstrom Airport, NXP Semiconductors, and the Decker Lane Industrial space. The group is proximate to eating places, retail, and repair suppliers with rapid adjacency to the 208-acre Colony Park redevelopment that can end in as much as 3,000 houses, grocery-anchored industrial and retail area, and a transit heart with the potential for a MetroRail station to connect with downtown Austin.

FCP and VaultCap lengthen their appreciation to Wes Racht, Bard Hoover and Nick Fluellen of Marcus & Millichap for his or her illustration of the vendor.  

About FCP

FCP_® is a privately held actual property funding firm that has invested in or financed greater than $9.3 billion in property since its founding in 1999. FCP invests immediately and with working companions in industrial and residential property. The agency makes fairness and mezzanine investments in income-producing and growth properties. Primarily based in Chevy Chase, MD, FCP invests each its commingled, discretionary funds and separate accounts focused at main actual property markets in the USA. For additional data on FCP, please go to www.fcpdc.com.

About VaultCap

VaultCap Companions is a personal actual property funding firm primarily based in Dallas, TX.  VaultCap invests in multifamily actual property throughout Texas via opportunistic, value-add, and core methods. For additional data on VaultCap, please go to www.vaultcap.com.

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SOURCE FCP