Press Release: The Commons : Federal Capital Partners Acquires The Commons Apartments In Tampa, FL

CHEVY CHASE, Md., Oct. 12, 2017 /PRNewswire/ -- Federal Capital Partners® (FCP) has acquired The Commons Apartments, a 200-unit, garden-style apartment community in Tampa, FL for $24.05 million. Conveniently located off of Dale Mabry Highway in North Tampa, The Commons offers an unusually large selection of two, three and four-bedroom, family-friendly units minutes from schools, parks, transportation corridors and major employers. "FCP is pleased to add The Commons to our growing portfolio of apartment communities in Florida," said FCP Vice President, Jason Ward. He continued, "The location, the extraordinarily large units and access to excellent schools, the Westshore Business District and other major employers and nearby amenities makes this a very strategic addition to our Tampa communities." FCP has made six investments in Central Florida in the past 18 months with the company's portfolio now consisting of 815 operating multifamily units in addition to 603 financed units under development. FCP maintains a Florida office in Miami under the leadership of Bruce Gago. The Commons features amenities that include a barbeque and picnic area, playground, dog park, a clubhouse, swimming pool along with spacious, air-conditioned units with private balconies, kitchen pantries, oversize closets and other family-oriented features. FCP will be making capital improvements to the community including the conversion of the leasing office to a gym and the addition of washers and dryers to the individual units.