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FCP acquires newly built cottage-style rental community near Charlotte for $41.25 million

Monroe build-to-rent development sold by Taylor Morrison and Värde Partners
Aerial drone image of downtown Charlotte North Carolina from the First Ward on a sunny day. (Getty Images)
Aerial drone image of downtown Charlotte North Carolina from the First Ward on a sunny day. (Getty Images)
By Ankur Sahoo with
February 24, 2026 | 4:10 P.M.

FCP acquired Cottages of Monroe, a newly built 151-unit cottage-style apartment community in Monroe, North Carolina, for $41.25 million. The property was sold by a joint venture between Taylor Morrison and Värde Partners.

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News | FCP acquires newly built cottage-style rental community near Charlotte for $41.25 million