TAMPA, FL – Federal Capital Partners has continued to expand its presence in Florida with the $21 million acquisition of two Tampa apartment communities with a combined 293 units. The acquisitions mark the second and third investments in Tampa in the past twelve months and come three months after the company launched a Florida office in Miami under the leadership of Bruce Gago.

“FCP’s expansion in Florida reflects our confidence in its population and employment growth,” said FCP Vice President, Jason Ward. “These Tampa communities benefit from simple access to the city’s downtown, which continues its transformation into a 24-hour live-work-play environment.”

Poplar Park Terrace, soon to be rebranded as The Flats at Seminole Heights, is located at 4111 N. Poplar Avenue within South Seminole Heights, walking distance to the dynamic and growing dining and entertainment amenities within Seminole Heights and a small drive from Downtown Tampa. The community features 165 spacious apartments with amenities that include a swimming pool, 24-hour fitness center and covered parking.

Fernwood Grove is located at 4900 N. MacDill Avenue in South Tampa, in close proximity to the Westshore and International Plaza Malls, the Hyde Park District, well loved restaurants and major commuter routes. The community’s 128 one and two bedroom apartments have undergone significant renovations, including a full upgrade of the community’s exterior and common area spaces.

Federal Capital Partners (FCP) is a privately held real estate investment company that has invested in or financed more than $5.0 billion in assets since its founding in 1999. FCP invests in all asset classes and provides equity, preferred equity and structured debt investments for commercial and residential real estate. The firm, based in Chevy Chase, MD, owns and manages in excess of $2.3 billion in assets.

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NEW ORLEANS, LA – 365 Connect, a leading provider of award-winning marketing, leasing, and resident technology platforms for the multifamily housing industry, announced today that the company has been inducted into the NOLA 100, which recognizes high-growth companies in the New Orleans area. This prestigious award acknowledges 365 Connect for its growth, innovation, and contribution to the economy. 

The NOLA 100 is designed to highlight a total of 100 leading companies, which have gained significant traction in scaling their growth, and made a lasting impact on the local entrepreneurship movement. The program was made by Turbo Squid co-founder Matt Wisdom, in cooperation with other individuals and organizations, with the goal of inducting a total of 100 companies by 2018 in celebration of New Orleans’ Tricentennial.

“We are here to recognize these fantastic companies that were able to scale into their respective markets, generate jobs, and contribute to the economy,” clarified Clayton White, President of Entrepreneurs’ Organization Louisiana Chapter. “These high-growth companies would not be here today if it were not for the creative entrepreneurs that are the driving force behind them, those who never give up, and have the unique ability to turn obstacles into opportunities.”

365 Connect Founder and CEO, Kerry W. Kirby, responded, “365 Connect is truly honored to be inducted into this exclusive group of innovative high-growth companies that are making a difference in our community. Our city continues to reinvent itself and is rapidly becoming the hub for creativity and entrepreneurship. Together, we are proving to the rest of the world that we have a unique ecosystem that is supportive, responsive, and thrives on the next generation of change-makers.”

The award ceremony was held during New Orleans Entrepreneur Week, an annual business festival celebrating entrepreneurship, innovation, and new thinking in New Orleans. Companies included in the NOLA 100 must meet certain revenue requirements, achieve a substantial percentage of revenue from outside of Louisiana, and be headquartered in the Greater New Orleans Area. Nominating partners included Goldman Sachs 10,000 Small Businesses, The Thought Village, the Jefferson Parish Economic Development Commission and the New Orleans Business Alliance among others.

Event keynote speaker, Rob Lalka, incoming Executive Director of the Albert Lepage Center for Entrepreneurship and Innovation at Tulane University’s A. B. Freeman School of Business stated, “It is an honor to be here to induct these prolific visionaries into the NOLA 100. They exemplify the entrepreneurial spirit, have attained notable success, and are the foundation that strengthens our community. These are the companies that are making a difference, setting records, and emerging as the stars of the new economy.”

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VACAVILLE, CA – Community Development Partners announced the groundbreaking for Rocky Hill Veterans Housing.  Located at 582 Rocky Hill Road in Vacaville, CA, the event’s speakers and VIP guests included: Vacaville City Mayor, Len Augustine; Director of Housing Services for City of Vacaville, Emily Cantu; and Eric Paine, CEO of Community Development Partners.  As one of the only new affordable developments targeting veterans in Solano County, this $21-million project will provide much-needed housing for chronically homeless veterans, and low-income veterans and families. 

Rocky Hill will consist of 39 new, high-quality permanent rental homes for people earning 15% to 60% of the Area Median Income.  Twenty-nine units will be reserved for veterans, with the remainder having a veteran preference.  Eleven of the veterans’ units will have Project-Based VASH vouchers, a program that combines HUD Sec-8 rental help with Veterans Administration case management services. The 11 units will serve as Permanent Supportive Housing, a solution to homelessness that combines housing, rental help and wrap around supportive services.  The innovative project’s structure is comprised of modified steel shipping containers.  The project is designed to achieve LEED Gold certification, and is scheduled for completion in December 2017.

Kyle Paine, President of Community Development Partners, the project’s developer, says, “The overall goal of this project is to catalyze a neighborhood renewal.  Not only is the project itself designed to promote interaction among residents, a resident services coordinator will work with the nearby Boys & Girls Club and other community partners to coordinate services and strengthen the existing neighborhood.”

The project’s financial partners include: Home Depot Foundation, Citibank, National Equity Fund, Veterans Housing and Homelessness Prevention (VHHP) funding administered by HCD and CalVet, City of Vacaville, and California Statewide Communities Development Authority, along with tax credits from CTCAC.  Supportive Services provided by CAN-B, the Veterans Administration and LifeSTEPS.  Design by G7A Gonzales Architects, property management provided by Solari Enterprises, construction by Precision General Commercial Contractors, and modified shipping containers provided by GrowthPoint Structures.  Vacaville Community Housing is the non-profit partner and Integrity Housing is the Co-General partner.

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