MIAMI, FL – FCP has expanded its Florida portfolio with the $28.5 million acquisition of Summit Palms, a 352-unit garden-style apartment community in central Broward County. In addition, FCP has broadened its relationship with property manager Avesta, retaining the firm to manage Summit Palms. 

“FCP is pleased to enter the South Florida market with the acquisition of Summit Palms,” said FCP Vice President, Bruce Gago, who manages FCP’s Florida office. Gago continued, “Summit Palms represents a compelling investment opportunity for FCP, as it is located in a high density suburban area with strong demand for workforce housing. Additionally, the acquisition is particularly meaningful to me, as it’s located in my hometown of Lauderhill.” 

FCP has made seven investments in Florida in the past 18 months with the company’s portfolio now consisting of 1,167 operating multifamily units in addition to 603 financed units under development. The company continues to seek investment opportunities throughout Central and South Florida.

Summit Palms is located near US 441, an vital north-south arterial less than five miles from downtown Fort Lauderdale. Residents value the simple commuting throughout Broward County and the Greater Miami area via nearby I-95, I-595 and the Florida Turnpike.

FCP extends its appreciation to Berkadia for brokering the transaction.

FCP is a privately held real estate investment company that has invested in or financed more than $6 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 mezzanine investments in income-producing and development properties. 

Powered by WPeMatico

NEW ORLEANS, LA – 365 Connect, a leading provider of award-winning marketing, leasing, and resident technology platforms for the multifamily housing industry, announced that the company has launched an integration with ride sharing platform Uber. The integration is the first of its kind in the multifamily housing industry, enabling apartment communities to drive prospects directly from their website to their doorstep.

Uber has been a pioneer within the sharing economy with a peer-to-peer ridesharing and transportation network that operates in 633 cities worldwide. The popularity of their platform has been spearheaded by Millennials and Gen-Z ­­— two generations who grew up intuitively using the Internet as an avenue for just about anything from shopping to socialization. Today, Uber averages over 15 million rides per day.

“The digital landscape is changing at a rapid pace, which is driven by the demand of the modern consumer,” stated Kerry W. Kirby, CEO of 365 Connect. “The shifting demographic of renters is causing industry-wide transformations including the need for more digital services to reach prospects and serve residents. We remain laser-focused on integrating multiple communication and transactional systems with our platform to accommodate the next generation of renters.”

The integration with Uber allows one-click ride bookings directly from the community’s website. The application is programed to the property’s address and automatically maps the route to the respective apartment community, eliminating any data input from the end-user. The Ride with Uber feature makes a natural extension of the mobile experience, which is designed to drive prospects directly to your door.

With an array of highly coveted technology awards, 365 Connect continues to revolutionize the multifamily housing industry with a dynamic platform built on modern-cloud architecture and flexible infrastructure. The platform consumes, integrates, and displays data to streamline operations without sacrificing a seamless user experience. Today, many of the nation’s most respected multifamily housing operators utilize 365 Connect to unify processes and make efficient workflows.

“As Gen-Z continues to become the most powerful renter demographic we have ever seen, it is critical to continually innovate next generation technologies that unify solutions and eliminate barriers to productive workflows. We continue to reckon outside the box and evolve our platform into one cohesive digital ecosystem, integrated with social, mobile, and local search – from focused content to apps being used daily such as Uber,” Kirby added.

365 Connect was founded in 2003 with an unwavering commitment to transforming how apartment communities market, lease, and retain residents. As a leading provider of award-winning technology platforms for the multifamily housing industry, 365 Connect delivers a fully-integrated suite of comprehensive solutions that automate marketing, simplify transactions, and serve residents after the lease is signed. The 365 Connect Resident Lifecycle Platform allows its clients infinite expansion, robust integrations, and the ability to revolutionize user experiences.

Powered by WPeMatico