FCP has bought Arium Sunrise, a 400-unit apartment complex in Sunrise, Fla., for $90 million, or $225,000/unit. The Chevy Chase, Md., investment manager bought the property from a venture of PCCP LLC and RMR Group. PCCP, in a venture with the Carroll Organization, had purchased the property in 2019 for $88.7 million. Four years later, RMR […]

The post FCP Buys Sunrise, Fla., Apartments for $90Mln appeared first on Commercial Real Estate Direct.