FCP Expands Florida Portfolio with Alexan Miramar Acquisition

Federal Capital Partners (FCP) has announced the acquisition of Alexan Miramar Apartments, a newly developed 250-unit multifamily community located in the bustling Broward County market in Miramar, Florida. As FCP's Senior Vice President Bruce Gago articulates, the acquisition forms a strategic increment to FCP's expanding Florida portfolio amidst a challenging macroeconomic backdrop. This acquisition aligns with the company's commitment to delivering high-quality residential living spaces in prime locales, an assurance backed by the booming South Florida market and a persisting demand for market-rate housing near employment and retail hubs. The community offers a range of modern amenities, catering to contemporary living standards with features such as a resort-style pool, co-working spaces, and tech-forward apartment designs. FCP continues to strategically deploy capital to upwards growth regional markets, particularly Florida, maintaining a robust investment stride. The transaction was facilitated by CBRE through Denny St. Romain, Charles Crapse, Robert Given, and Zachary Sackley. Founded in 1999, FCP is a privately held real estate firm headquartered in Chevy Chase, Maryland, with an investment portfolio exceeding $13.1 billion in assets.