FCP Acquires Cottages Of Monroe Multifamily Community In Monroe For $41.25 Million

The property involved in this transaction is a multi-family asset located at 2300 West Franklin Street, Monroe, NC. The sale price for this asset was $41,250,000, and it consists of 151 units, which results in a price per unit of $273,179.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $41,250,000
• Units: 151
• Price Per Unit: $273,179
• Buyer: Summer Haltli
• Buyer’s Company: FCP

FCP acquired Cottages of Monroe, a cottage-style apartment community situated in the rapidly growing Charlotte suburb of Monroe, emphasizing a focus on maintaining affordability in the market.