FCP CLOSES $13.25 MILLION IN PREFERRED EQUITY FOR 333-UNIT MULTIFAMILY DEVELOPMENT IN POOLER, GA

Rhea-AI Summary

FCP has secured a $13.25 million preferred equity investment for Mosaic Pooler, a 333-unit Class A multifamily development project in Pooler, GA, a Savannah submarket. The development, led by Bayline Development with Bank OZK as the construction lender, will be located on Old Quacco Road within the Mosaic Town Center, a mixed-use master-planned community. The project aims to address housing needs in the area while offering walkable amenities and commuter connectivity. The investment expands FCP's presence in Georgia and targets one of the strongest suburban development submarkets in the Savannah MSA.

Positive

• Investment in a high-growth Southeast submarket with strong development potential
• Partnership with experienced local developer Bayline Development and established lender Bank OZK
• Strategic location within mixed-use master-planned community with walkable amenities
• Addresses market demand for housing in expanding Savannah submarket

Negative

• None.

CHEVY CHASE, Md., June 2, 2025 /PRNewswire/ -- FCP® has closed on a $13.25 million preferred equity investment through its Structured Investments platform to finance Mosaic Pooler, a 333-unit, Class A multifamily development on Old Quacco Road in the dynamic Savannah submarket of Pooler, GA. Mosaic Pooler is being developed by Bayline Development (Bayline).

"FCP is excited to invest in Mosaic Pooler, a high-quality multifamily development in one of the top Southeast submarkets," said FCP Senior Vice President Alex Cathcart. "This investment broadens FCP's presence in Georgia, capitalizing on the strength of the strongest submarket for suburban development in the Savannah MSA."

Billy Herbert, a leader on FCP's development team, added, "We look forward to investing alongside Bayline Development, who has ownership experience in this submarket, and leading construction lender, Bank OZK. This development will provide much-needed market-rate housing in the heart of the Mosaic Town Center, a mixed-use, master planned community with abundant walkable amenities and commuter connectivity."

FCP and Bayline extend their appreciation to Scott Wadler and Jake Adoni of Berkadia Florida for arranging this transaction.

About FCP
FCP_® is a privately held real estate investment company that has invested in or financed more than $14.6 billion in gross asset value since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and structured investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit fcpdc.com.

About Bank OZK
Bank OZK (Nasdaq: OZK), through its Real Estate Specialties Group (RESG), provides financing on commercial real estate projects throughout the nation. RESG is considered a preeminent, market-leading construction lender focused on senior secured financing for a variety of property types including mixed use, multifamily housing, condominiums, office, hospitality, life sciences, industrial and retail. For the five years ended March 31, 2025, RESG originated approximately $40.42 billion in new loans. For more information, visit ozk.com.

Media Contact:	Karen Widmayer
	KW Communications, LLC
	karenwidmayerpr@gmail.com
	301-661-1448

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SOURCE FCP

FAQ

What is the size of FCP's investment in the Mosaic Pooler development?

FCP's preferred equity investment in Mosaic Pooler is $13.25 million

How many units will the Mosaic Pooler development in Pooler, GA include?

The Mosaic Pooler development will include 333 Class A multifamily units

Where is the Mosaic Pooler development located?

The development is located on Old Quacco Road in Pooler, GA, a submarket of Savannah

Who are the key partners in the Mosaic Pooler development project?

The key partners are FCP as the preferred equity investor, Bayline Development as the developer, and Bank OZK as the construction lender

What type of amenities will be available at Mosaic Pooler?

Mosaic Pooler will be part of the Mosaic Town Center, a mixed-use master-planned community offering walkable amenities and commuter connectivity