FCP® Acquires ARIUM Sunrise, Collaborates with The RMR Group to Enhance Florida Portfolio

FCP® Enhances Florida Portfolio with Strategic Acquisition of ARIUM Sunrise

FCP® has significantly bolstered its presence in Florida through the acquisition of ARIUM Sunrise, a 400-unit multifamily community situated in Sunrise, FL. This transaction, finalized on March 4, 2025, highlights FCP’s commitment to investing in high-growth markets and enhancing properties that are well-positioned within their communities. Broward County, where ARIUM Sunrise is located, is recognized as one of Florida’s fastest-growing areas, making it an attractive location for both residents and investors. Bruce Gago, Senior Vice President at FCP, expresses enthusiasm about the partnership with BMC Investments and The RMR Group, underscoring the collaborative effort to improve the living experience at ARIUM Sunrise.

Built in 1998, ARIUM Sunrise boasts a current occupancy rate of 94% and offers a range of amenities designed to meet resident needs, including a swimming pool, clubhouse, and fitness center. FCP plans to undertake renovations on approximately 8% of the units—32 apartments—ensuring that the property aligns with modern expectations of residents. This proactive approach not only enhances the value of the community but also reflects FCP's dedication to maintaining high standards in property management and tenant satisfaction. The strategic location of ARIUM Sunrise near popular attractions, such as Sawgrass Mills Mall and Amerant Bank Arena, further adds to its appeal, providing residents with convenient access to shopping and entertainment.

The acquisition is financed by Wells Fargo, with FCP acknowledging the significant contributions from Robert Given and Zachary Sackley of CBRE, who represented the seller, and Charles Crapse and Denny St. Romain of CBRE, who facilitated the acquisition loan. Gago emphasizes that FCP's ability to close transactions like ARIUM Sunrise in the current market demonstrates the company's strong conviction and strategic partnerships. This acquisition positions FCP for continued growth and investment in promising opportunities within the multifamily housing sector, reflecting a broader trend of investment in high-demand markets.

In addition to enhancing its property portfolio, FCP’s acquisition of ARIUM Sunrise showcases the company’s strategic focus on improving living standards in multifamily communities. The partnership with BMC Investments and The RMR Group is poised to leverage their combined expertise to create a thriving living environment for current and future residents.

As FCP continues to explore opportunities in high-growth regions, the acquisition of ARIUM Sunrise marks a pivotal step in reinforcing its presence in the competitive Florida real estate market. The ongoing commitment to upgrading and enhancing properties will likely support FCP's mission to provide quality living spaces while driving long-term value for its investors.