FCP sold the Villas at Princeton Lakes, a 210-unit apartment community in South Fulton, to Monday Properties and RSN Property Group for $36.75 million.  

FCP purchased the property for $30 million in the fourth quarter of 2020 by assuming an existing loan in an off-market transaction. 

Located at 751 Fairburn Road, Villas is a garden-style community built in 2004. It features one-, two- and three-bedroom floor plans with extra storage and private patios. 

“FCP is very pleased with the execution of our business plan at Villas at Princeton Lakes,” FCP associate Di Aeschliman said in a press release. “With upgrades to the common areas and building exteriors, the asset was nicely re-positioned in a market with a strong need for workforce housing options.” 

Cushman & Wakefield’s Travis Presnell and James Wilber represented FCP in the transaction.