FCP has acquired Avana Cypress Creek Apartments, a 220-unit, Class A community located at 1700 South State Road 7 in North Lauderdale, FL. Built in 2009 with predominantly two- and three-bedroom units, the property is highly desirable to residents seeking large modern apartment homes with easy access to major employment centers and shopping areas. Amenities include gourmet kitchens; wood plank style flooring; granite countertops; spacious walk-in closets; clubhouse; outdoor covered lounge and entertainment area with billiards and media room as well as a heated resort style pool complete with cabanas. Additionally there is 24/7 accessible fitness center available for use by tenants of the complex. FCP will assume an existing Fannie Mae loan on the acquisition which was facilitated by Robert Given & Zachary Sackley of CBRE .
Bruce Gago , who heads FCP’s Florida office commented “Avana Cypress Creek adds a very well located Broward County asset to our portfolio now totaling nearly 6,000 units.” The abundance of restaurants , shopping & entertainment nearby make this an ideal location for anyone looking for convenience along side luxury living .
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