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FCP, a Chevy Chase, Md.,-based real estate investment company, is expanding its presence in Florida with the acquisition of ARIUM Sunrise, a 400-unit community in Sunrise, Fla. The company made the purchase with partners BMC Investments and The RMR Group.

The property was sold for $90 million, or $225,000 per unit, according to Yardi Matrix data. The RMR Group had owned the community since its acquisition of CARROLL in August 2023. CARROLL had purchased the Broward County property in January 2019 from LACERA for $86.7 million, or $216,750 per unit, according to the same source.