The acquisition comes on the heels of FCP’s recent sale of the 312-unit River Crossing at Roswell community.
“This acquisition expands FCP’s presence in Atlanta and complements our existing portfolio,” associate for multifamily acquisitions Michael Errichetti said in a press release. “Wyndcliff is in the heart of Cumberland, a dynamic urban node of Atlanta with over 100,000 jobs and 9 million square feet of retail centered around the Battery, anchored by Truist Park.”
Wyndcliff is located on Cobb Parkway near the I-75/I-285 interchange and features a mix of one-, two- and three-bedroom floorplans, along with a pool, fitness center, playground and dog park.
FCP acquired River Crossing, which was previously known as River Trace Apartments, in 2016 and repositioned it with $5.5 million of capital investments in community amenities, unit interiors and curb appeal, the company said in a separate release. Shea Campbell, Ashish Cholia, Kevin Geiger, Colleen Hendrix and Mark Taylor of CBRE Southeast Multifamily assisted in the sale.
Keith Geiger of CBRE Atlanta Investment Sales represented Wyndcliff’s seller.
Financial terms of the transactions were not disclosed.