Since beginning operations in 1999 with a single multifamily condominium conversion, FCP has navigated the volatile economic environment while successfully acquiring and converting 32 multifamily communities. Founded by Miguel Poyastro, President and CEO, the company has participated in numerous real estate transactions largely in the role of sponsor/ asset manager of the partnership. FCP's concentrated regional focus, market knowledge, and ability to manage risk has led to an outstanding fifteen-year track record. FCP has added a development capability under FCP and is currently developing a mid-rise, multifamily project consisting of 146 one and two bedroom apartments in the City of Doral.
Under the FCP operations banner, two affiliates assist FCP in its day to day management and sales functions. Fortune Capital Management Services, Inc. provides asset management, property management, leasing, accounting, and investor reporting. Specializing in multifamily and residential condominiums, its services are best in class.