FCP® Expands Presence in Florida: Acquires ARIUM Sunrise Multifamily Community
CHEVY CHASE, Md. — March 4, 2025 – FCP® has taken a significant step in its growth strategy within Florida by acquiring the ARIUM Sunrise, a prominent 400-unit multifamily community located in Sunrise, FL. This acquisition, completed in collaboration with BMC Investments and The RMR Group, underscores FCP’s dedication to investing in high-growth markets and maximizing value in strategically situated properties.
Strategic Importance of Broward County
Broward County is recognized as one of Florida’s fastest-growing regions, and FCP is keenly aware of the dynamics at play. Bruce Gago, Senior Vice President at FCP, emphasized this point:
"We believe Broward County remains one of Florida’s fastest-growing regions, and our recent investments highlight our commitment to securing well-positioned assets in this key market."
Gago looks forward to collaborating with partners BMC and RMR to elevate the living experience at ARIUM Sunrise Apartments.
Features of ARIUM Sunrise
Built in 1998, the ARIUM Sunrise Apartments currently holds a commendable 94% occupancy rate. Key features include:
- Swimming Pool
- Clubhouse
- Fitness Center
FCP plans to modernize about 32 units (approximately 8%) that have retained their original condition, ensuring that the property continues to meet the evolving needs of its residents. Its prime location near attractions like Sawgrass Mills Mall and Amerant Bank Arena provides convenient access to shopping, dining, and entertainment.
Financing and Partnership Recognition
Wells Fargo assisted in financing this acquisition. FCP expresses gratitude to:
- Robert Given and Zachary Sackley of CBRE, who represented the seller.
- Charles Crapse and Denny St. Romain of CBRE, who facilitated the acquisition loan.
Gago remarked on the competitive landscape:
"We believe FCP’s ability to close deals like ARIUM Sunrise in today’s market speaks to our depth of conviction and broad strategic partnerships."
About FCP®
FCP® is a privately held real estate investment company that has invested more than $13.1 billion in assets since its inception in 1999. With its headquarters in Chevy Chase, MD, FCP is involved in direct investments, as well as partnerships in both commercial and residential assets across the United States.
For more about FCP, visit FCPDC.
About BMC Investments
BMC Investments is renowned for its disciplined approach to real estate investment, focusing on acquisition, development, and management across various property types in the U.S. Its emphasis on long-term value creation allows the firm to excel in competitive markets.
Discover more at BMC Investments.
About The RMR Group
The RMR Group is a leading U.S. alternative asset management company, focusing on commercial real estate (CRE). With over $40 billion in assets under management, RMR leverages a wealth of institutional experience in managing, buying, selling, and financing CRE.
Learn more at The RMR Group.
Conclusion
The acquisition of ARIUM Sunrise by FCP, in partnership with BMC Investments and The RMR Group, marks another strategic move in FCP’s expansion strategy in Florida. Their commitment not only enhances their portfolio but also elevates the living experience for residents, establishing a robust presence in a growing market.
For those interested in real estate investment and market trends in Florida, this acquisition is a pivotal development to watch.