Latest news with #FCP
Yahoo
7 days ago
- Business
- Yahoo
FCP CLOSES $13.25 MILLION IN PREFERRED EQUITY FOR 333-UNIT MULTIFAMILY DEVELOPMENT IN POOLER, GA
CHEVY CHASE, Md., June 2, 2025 /PRNewswire/ -- FCP® has closed on a $13.25 million preferred equity investment through its Structured Investments platform to finance Mosaic Pooler, a 333-unit, Class A multifamily development on Old Quacco Road in the dynamic Savannah submarket of Pooler, GA. Mosaic Pooler is being developed by Bayline Development (Bayline). "FCP is excited to invest in Mosaic Pooler, a high-quality multifamily development in one of the top Southeast submarkets," said FCP Senior Vice President Alex Cathcart. "This investment broadens FCP's presence in Georgia, capitalizing on the strength of the strongest submarket for suburban development in the Savannah MSA." Billy Herbert, a leader on FCP's development team, added, "We look forward to investing alongside Bayline Development, who has ownership experience in this submarket, and leading construction lender, Bank OZK. This development will provide much-needed market-rate housing in the heart of the Mosaic Town Center, a mixed-use, master planned community with abundant walkable amenities and commuter connectivity." FCP and Bayline extend their appreciation to Scott Wadler and Jake Adoni of Berkadia Florida for arranging this transaction. About FCPFCP® is a privately held real estate investment company that has invested in or financed more than $14.6 billion in gross asset value since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and structured investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit About Bank OZKBank OZK (Nasdaq: OZK), through its Real Estate Specialties Group (RESG), provides financing on commercial real estate projects throughout the nation. RESG is considered a preeminent, market-leading construction lender focused on senior secured financing for a variety of property types including mixed use, multifamily housing, condominiums, office, hospitality, life sciences, industrial and retail. For the five years ended March 31, 2025, RESG originated approximately $40.42 billion in new loans. For more information, visit Media Contact: Karen Widmayer KW Communications, LLC karenwidmayerpr@ 301-661-1448 View original content to download multimedia: SOURCE FCP
North Wales Chronicle
16-05-2025
- Business
- North Wales Chronicle
MP joins engineers installing fibre broadband in Gwynedd
Plaid Cymru MP for Dwyfor Meirionnydd, Liz Saville Roberts, joined Openreach engineers in Fairbourne and Llwyngwril to get an update on the work being done to install fibre broadband in her constituency. Mrs Saville Roberts has been campaigning for some time to improve broadband access in several communities across Dwyfor Meirionnydd. She has helped residents and local businesses access the fast, reliable service they need in the 21st century. Work was recently completed in Fairbourne, which now has 99 per cent full fibre coverage through the Fibre Community Partnership (FCP) scheme. Other areas now benefiting from the FCP include Clynnog Fawr with 98 per cent coverage, Llanbedr with 95 per cent, Llithfaen with 96 per cent, and Llanuwchllyn with 90 per cent. Work is also underway to bring full fibre to 8,100 premises in Dwyfor Meirionnydd through Project Gigabit. This includes 913 premises in Penrhyndeudraeth by 2026, 787 in Llanbedrog by 2026, 838 in Harlech by 2027, and 445 in Waunfawr by 2027. Other communities expected to benefit include Aberdaron, Botwnnog, Ffestiniog, Llandrillo, Groeslon, Maentwrog, Garndolbenmaen and Trawsfynydd. READ MORE: Neil Foden: Gwynedd Council says 'positive progress' made in response plan Mrs Saville Roberts said: "I welcomed the opportunity to meet with Openreach engineers and senior management on the ground in Fairbourne to discuss the roll out of full fibre broadband across this rural constituency, and to ensure that upgrading digital infrastructure across the region remains a priority. "Dwyfor Meirionnydd has consistently ranked amongst the worst in the UK for access to reliable, superfast broadband, compounded by all-round poor connectivity - a significant barrier for businesses and residents. "It is therefore encouraging to see firsthand the work taking place to improve broadband connectivity in some of our more hard-to-reach communities through exchange upgrade work, Fibre Community Partnerships, and Project Gigabit. "I've consistently argued for improving connectivity across Dwyfor Meirionnydd, and with working from home now commonplace for many people as well as the requirement for farmers to provide information online, the demand for fast, reliable broadband has never been greater. "Tourism accommodation also needs to provide connectivity for visitors. "Seeing engineers on the ground working to bring superfast broadband to communities like Fairbourne, Beddgelert, Clynnog Fawr, and to areas previously cut-off from fast reliable broadband, drives home the urgency to continue to strive to connect our communities."
Cambrian News
14-05-2025
- Business
- Cambrian News
Dwyfor Meirionnydd broadband expansion: Liz Saville Roberts joins Openreach engineers
Work was recently completed in Fairbourne, where there is now 99 per cent full fibre coverage via the Fibre Community Partnership (FCP) scheme. Other areas now benefiting from the FCP include Clynnog Fawr, which has 98 per cent coverage), Llanbedr, which is registering 95 per cent coverage), Llithfaen, which has 96 per cent coverage, and Llanuwchllyn with 90 per cent coverage.
Yahoo
13-05-2025
- Business
- Yahoo
FCP ANNOUNCES LEADERSHIP TEAM PROMOTIONS
CHEVY CHASE, Md., May 13, 2025 /PRNewswire/ -- FCP® announces the following promotions within its leadership team. Jason Ward has been promoted to Partner. Mr. Ward is currently a Principal for multifamily development and is responsible for the oversight of newly constructed multifamily (existing and development) and the firm's structured investment products (preferred equity, debt, and K series). Since joining FCP in 2011, Jason has led the acquisition, development, or debt investing on over 14,000 multifamily units in excess of $3 billion in asset value nationwide. Jason is an active member of ULI and an Advisory Board Member of Georgetown's Steers Center for Global Real Assets. Summer Haltli has been promoted to Partner and Portfolio Manager of FCP's Housing Preservation Platform. Summer co-founded the Housing Preservation investment strategy, focused on creating and preserving affordability in essential housing. Since joining FCP in 2010, Ms. Haltli has developed and implemented business plans for over 7,000 multifamily units and mixed-use projects totaling over $1.5 billion of value. In 2023, Summer spoke at the Federal Reserve Bank of New York regarding private sector solutions to the affordable housing crisis and contributed to the Bank's white paper on the topic. Summer serves as Vice Chair for the Multifamily Impact Council and on the Advisory Board for the White Ruffin Byron Center for Real Estate at the University of Virginia. "We are extremely proud to have this group of longtime leaders within FCP advancing to these highly impactful new roles within the firm," said FCP Founding Managing Partner Esko Korhonen. "Their new positions are part of FCP's ongoing strategy to position itself for growth and to continue building out its senior management team. We believe these appointments affirm our growth strategy and enhance operational decision-making. Their leadership, brilliance in their fields, and accomplishments on behalf of the team and our investors have earned them these promotions and roles." About FCPFCP® is a privately held real estate investment company that has invested in or financed more than $13.1 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and structured investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit Media Contact: Karen Widmayer KW Communications, LLC karenwidmayerpr@ 301-661-1448 View original content to download multimedia: SOURCE FCP Sign in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
FCP ANNOUNCES LEADERSHIP TEAM PROMOTIONS
CHEVY CHASE, Md., May 13, 2025 /PRNewswire/ -- FCP® announces the following promotions within its leadership team. Jason Ward has been promoted to Partner. Mr. Ward is currently a Principal for multifamily development and is responsible for the oversight of newly constructed multifamily (existing and development) and the firm's structured investment products (preferred equity, debt, and K series). Since joining FCP in 2011, Jason has led the acquisition, development, or debt investing on over 14,000 multifamily units in excess of $3 billion in asset value nationwide. Jason is an active member of ULI and an Advisory Board Member of Georgetown's Steers Center for Global Real Assets. Summer Haltli has been promoted to Partner and Portfolio Manager of FCP's Housing Preservation Platform. Summer co-founded the Housing Preservation investment strategy, focused on creating and preserving affordability in essential housing. Since joining FCP in 2010, Ms. Haltli has developed and implemented business plans for over 7,000 multifamily units and mixed-use projects totaling over $1.5 billion of value. In 2023, Summer spoke at the Federal Reserve Bank of New York regarding private sector solutions to the affordable housing crisis and contributed to the Bank's white paper on the topic. Summer serves as Vice Chair for the Multifamily Impact Council and on the Advisory Board for the White Ruffin Byron Center for Real Estate at the University of Virginia. "We are extremely proud to have this group of longtime leaders within FCP advancing to these highly impactful new roles within the firm," said FCP Founding Managing Partner Esko Korhonen. "Their new positions are part of FCP's ongoing strategy to position itself for growth and to continue building out its senior management team. We believe these appointments affirm our growth strategy and enhance operational decision-making. Their leadership, brilliance in their fields, and accomplishments on behalf of the team and our investors have earned them these promotions and roles." About FCPFCP® is a privately held real estate investment company that has invested in or financed more than $13.1 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and structured investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit Media Contact: Karen Widmayer KW Communications, LLC karenwidmayerpr@ 301-661-1448 View original content to download multimedia: SOURCE FCP Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
