ATLANTA, GA - FCP announced the $30.0 million acquisition of Villas at Princeton Lakes, a 210-unit apartment community in the South Fulton area of Atlanta, GA. The acquisition marks FCP s 18th investment in Atlanta. FCP assumed the existing loan at the property. The Villas at Princeton Lakes is a very well-maintained asset next to the booming South Fulton Industrial corridor, said FCP s Scott Reibstein. Reibstein continued, We re excited to have acquired our second community there, central to so much growth. The property was purchased in an off-market transaction, was recently renovated and has experienced steady 95% occupancy throughout 2020.
Located at 751 Fairburn Road, SW in Atlanta, Villas at Princeton Lakes is an attractive garden-style community built in 2004 with hardi-plank and brick siding. The community features large one, two and three-bedroom, family-friendly floorplans, with extra storage, private patios and excellent access to Hartsfield Atlanta Inter