SARASOTA, FL – FCP and Crescent Communities announce a joint venture for the development of RENDER Legacy Trail at 15560 Render Way in Laurel, FL, the second such partnership between the two companies this year. The 450-unit, Class A multifamily community will be built within a mixed-use village featuring retail space and residential homes and will provide access to exceptional nearby amenities.
“FCP is excited to partner with Crescent Communities on this exciting new development,” said FCP’s Bruce Gago, who heads the firm’s Florida office. “Sarasota has experienced strong job growth and continued substantial in-migration that has only accelerated during the pandemic. The new apartments will help alleviate the significant housing shortage in Sarasota County, while providing its residents with a best-in-class living experience and amenities.”
“We are excited to continue the evolution of our multifamily products by introducing RENDER to the Florida market,” said Tim Graff, Managing Director of Florida for Crescent Communities’ multifamily business. “RENDER offers residents thoughtfully crafted communities that are rich in character at a more approachable price point. RENDER Legacy Trail will be part of a larger master-plotted community with additional residential offerings, including the forthcoming HARMON Legacy Trail, Crescent Communities’ BTR (build-to-rent) offering, and more than five acres of future retail space.”
RENDER Legacy Trail will provide residents with rapid access to the recreational and amenity features that have attracted so many people to the area. The property has direct access to the Legacy Trail, a continuous 20-mile recreational trail that connects downtown Sarasota with downtown Venice, and winds through Oscar Scherer State Park, a lush 1,400-acre nature preserve. Nokomis Beach, a tranquil white-sand seashore, is just a few miles from the community. The new 65-acre Sarasota Memorial Healthcare Venice Campus is less than five miles from the property and local arterials provide simple drives to many employment centers in the region.
Community amenities will focus on delivering what matters most to residents and their needs and encouraging a highly social and energetic environment. Offerings will include a centralized lobby and leasing area, self-service package area, fitness center, and multipurpose rooms that can serve as coworking lounges. Abundant outdoor space will provide opportunities for residents to grill, dine, socialize, swim, and relax.
Residences at RENDER Legacy Trail will feature functional design elements that will intentionally contribute to the space’s overall feel of a home, rather than a typical apartment unit. These details will include entryway mudrooms with built-in storage, home office workspaces separate from the living room and kitchen, and enhanced closet systems to provide added in-home organization. Configurations from one- to three- bedrooms will be available.

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CHEVY CHASE, MD – FCP with partners Insight Property Group and AHC announce the acquisition of Camden Largo Town Center apartments in Largo, MD for $71.9 million. The 245-unit community at 9701 Summit Circle will be rebranded Haven Largo.
“FCP is excited to continue investing in our home market with the acquisition of a well-maintained and high performing asset in one of the top submarkets in suburban Maryland,” said FCP’s Scott Reibstein. “As part of our commitment to the preservation of moderately priced apartment communities in the Washington, DC region, we plot to offer resident services and implement affordability requirements to a part of the units.”
“Insight is thrilled to partner with Prince George’s County, AHC and FCP on this acquisition, where we will be able to make much-needed affordable housing in an exceptional location,” said Tim White, Partner at Insight Property Group.
“AHC is delighted to buy our first community in Prince George’s County in partnership with the County, Insight Property Group, and FCP,” said Mary Claire Davis, AHC Greater Baltimore Director. “We appreciate the County’s commitment to providing long-term rental affordability in such a prime location, and look forward to adding programming and services to further enhance residents’ quality of life.”
Haven Largo is a low-density, garden apartment community offering a tranquil setting in a quickly growing submarket in Prince George’s County, MD. The community is minutes from the Largo Town Center Metro Station and the Capital Beltway. Residents of the spacious one-, two-, and three-bedroom apartments have access to major employment centers including the nearby University of Maryland Capital Region Medical Center. Apartment amenities include in-unit washers and dryers, vaulted ceilings, kitchen pantries, and rentable garages. The community has a fitness center, swimming pool, grilling areas, and an outdoor gazebo.

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COLLEGE STATION, TX – Officials of The Preiss Company (TPCO), one of the nation s largest, privately-held, student housing owner-operators, announced the acquisition of the 828-bed University Trails College Station student housing community. Located within walking distance of Texas A&M University, it is centralized in one of two central student housing hubs in College Station.
While this acquisition marks our first entry into College Station, it also is our 17th transaction in Texas, said Susan Folckemer, chief acquisition and development officer, TPCO. The property services the largest university in the nation with 73,284 students. With a committed Aggies football fan base, University Trails College Station benefits from its close proximity to Kyle Field. Following a plotted upgrade, the property will take its rightful place as a leading choice of off-campus housing for Texas A&M students.
Located at 1101 Luther Street West, the off-campus apartments offer 1-, 2- and 3- and 4-bedroom layouts. The fully furnished units include private bedrooms and bathrooms with vinyl flooring in the common area. Additionally, each apartment provides a washer and dryer, new stainless steel appliances and a private patio/balcony. The pet-friendly student housing community also provides trash and sewer services, high-speed internet and water. Additional amenities include a sand volleyball court, resort-style pool and hot tub, basketball court, two fitness centers, business center/café lounge and multiple study rooms.
TPCO will invest significant capital to renovate interior units, upgrade the property and completely redo the clubhouse.

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