Cushman & Wakefield’s Atlanta Equity, Debt & Structured Finance Group has arranged a joint venture equity recapitalization for a three-property, 567-unit FortCap Partners’ multifamily portfolio in Atlanta, consisting of The Clarion Apartments in Decatur, Gables Apartments in Peachtree City and Magnolia at Whitlock in Marietta.
Cushman & Wakefield’s Mike Ryan, Telly Fathaly, Jeff Walker, and Brian Linnihan represented FortCap Partners. The portfolio includes 567 units, with an average vintage of 1983. The Cushman & Wakefield team secured a mix of domestic and international private equity to complete the recapitalization of the assets. Federal Capital Partners of Chevy Chase, MD, provided equity for The Clarion and Magnolia at Whitlock and Brightman-Gil Investment Management of Tel Aviv provided equity for Gables Apartments.
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