FCP Acquires Cottages of Monroe to Preserve Affordable Cottage Style Rentals Near Charlotte North Carolina

FCP announced the $41.25 million acquisition through FCP’s Housing Preservation Fund of Cottages of Monroe, a 151-unit cottage-style apartment community in the suburb of Monroe, Union County, near Charlotte, North Carolina. The one-story, detached and semi-detached cottages were purpose-built in 2024 as a rental community. “The Cottages of Monroe investment supports our fund mandate to […]