CHARLOTTE, N.C. & ALEXANDRIA, Va.–(
a regional leader in customer and data-driven property management services, is combining forces with
, an alternative asset manager focused on investment, development, and construction of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions to create an enhanced third-party property management firm and platform.
As part of the agreement, Bonaventure’s Property Management Services will become part of FCAM which will manage all current and future Bonaventure market-rate communities. The combined property management platform includes more than 17,000 Class A and Class B multifamily units, and a pipeline of more than 5,000 units currently under development. This strategic combination enables both companies to leverage their respective strengths and geographic footprints, facilitating mutual growth and market penetration across desired regions.
“We are excited to integrate with Bonaventure, a company whose leadership shares our vision of building a best-in-class management company that will benefit our clients, employees, and residents,” said Bob Moore, CEO and Founder of FCA Management. “By combining the strengths of our two platforms and talent of our people, we are poised to accelerate growth, generate economies of scale and establish a new benchmark in third-party multifamily property management. In addition, we will continue to stay true to our roots and align ourselves with select portfolio clients focused on creating long-term value for their assets.”
Dwight Dunton, CEO and founder of Bonaventure stated, “We’ve been traveling on a parallel path to FCA for years and found we share a common DNA focused on operational excellence. They have a talented team who makes their signature approach to asset success and customer service possible. I am confident that the addition of our dedicated property management experts will help the platform reach new heights.”
The property management services agreement is exclusively between the property management operations of FCA Management and Bonaventure Property Management Services. Other Bonaventure business units will continue to operate independently. Bonaventure will still operate as a vertically integrated alternative asset management firm and is an investor in the affiliated property management company. Terms of the deal were not disclosed.
A new brand is being created for FCA Management and will be announced at a later date.
Disclosures
The article is for informational purposes only and not intended to be all-inclusive and may be changed at any time without notice or obligation to update. This article does not constitute tax, legal, or financial advice. Bonaventure does not provide tax, legal, or accounting services. Tax laws and regulations are subject to change, and individual circumstances vary. Investors should consult their own tax advisor, attorney, or qualified intermediary regarding their specific situation before pursuing any of the strategies discussed. Forward-looking statements may be influenced by a variety of factors, many of which are beyond the control of Bonaventure and could cause the actual outcomes to be materially different from what is projected. Past Performance is not indicative of future results.
Investments in the shares involves a high degree of risk that prospective investors should carefully consider before investing. The investment is for Accredited Investors who have the financial ability and willingness to accept the risks and lack of liquidity inherent in an investment in the shares. There can be no assurance that investment objectives will be achieved or that investors will receive a complete return of their capital. This material is not an offer to sell or a solicitation of an offer to buy any interest in any fund sponsored by Bonaventure or its affiliates. Any offering is made only pursuant to a confidential private placement memorandum (PPM) and related offering documents, which should be reviewed in full and which control in the event of any inconsistency with this material. Share interests are not registered under the Securities Act of 1933 or any state securities laws, and Bonaventure offerings are not registered under the Investment Company Act of 1940.
