Since beginning operations in 1998 with a single multifamily condominium conversion, FCP has navigated the volatile economic environment while successfully acquiring and converting numerous multifamily communities. As FCP's successes and profits grew, the company began to diversify into other commercial properties and investments as a third party investor. These investments serve to alleviate the cyclical nature of FCP's primary business of condominium conversions while continuing to build the company's retained earnings. Investment property types include hospitality, retail, office, and land held for development. Risk tolerances range from core plus to value add and ground up development. In value add and ground up development of commercial properties, FCP will usually partner with an operator who has a strong track record in the property type.
In addition to investment opportunities, FCP has expanded its focus to include support services which enhance its real estate operations. Operating under the FCP banner, Fortune Capital Management Services and FCP Realty Associates play an integral role in the company's success. Fortune Capital Management Services provides asset management, property management, accounting and investor reporting services, while FCP Realty Associates provides leasing and brokerage services for FCP's managed real estate holdings. Specializing in multifamily and residential condominiums, FCP's affiliates are best in class.