Chevy Chase, Md.-based real estate investor FCP purchased yet another Atlanta-area multifamily asset with the $32 million acquisition of Avery Townhomes, a 220-unit rental community in College Park. 

Courtesy of Google Maps.

Located at 2609 Charlestown Drive, the property is minutes from Hartsfield-Jackson International Airport, the I-85 South Industrial Corridor and the Fulton Industrial Corridor, FCP said in a press release. The community, which will be operated by Atlanta owner-operator Zevulon Capital, features a mix of two- and three-bedroom units, as well as a pool, clubhouse and playground. 

“Avery Townhomes is a great bolt-on acquisition to FCP’s growing south Atlanta portfolio,” said FCP’s Michael Errichetti. “We look forward to addressing capital needs and improving the resident experience.” 

Since its first Atlanta acquisition in 2015, FCP has purchased 31 properties with 6,402 units. In November, it acquired the 520-unit Renew Parc Shores apartment community with Zevulon for almost $95 million. 

Matt White of Berkadia represented FCP in the transaction.