FCP acquired the 312-unit garden-style community for $29.5 million in 2016 and invested $5.5 million in capital improvements. : FCP has sold River Crossing at Roswell, a 312-unit multifamily property in Roswell, Ga., to Ashcroft Capital, according to Yardi Matrix. CBRE worked on behalf of the seller in arranging the deal. The property last changed hands in 2016, when FCP paid Marquis Investments $29.5 million for the garden-style community. That transaction was financed with a $26.9 million CMBS loan. The 34-acre community at 1450 Raintree Way has been rebranded as Elliot Roswell Apartments.
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