Federal Capital Partners, a privately held real estate investment company, has announced the completion of an investment fund targeting multifamily and commercial properties. FCP Realty Fund III LP is a $512.1 million fund that has already closed 20 properties worth $332.4 million in committed equity, representing a value of $1.1 billion. The fund is expected to accommodate roughly $1.7 billion of total investments when fully committed.
“FCP is extremely pleased with the response to the Fund III offering,” said FCP Managing Partner, Esko Korhonen. “Since raising our initial fund in 2008, FCP has closed more than 100 transactions, representing a range of investments from structured loans and equity investments to the purchase of a public company, totaling an aggregate value in excess of $4bn. We are excited at the prospects for our third fund given the opportunities created by the positive growth outlook for the Eastern U.S.”
