Federal Capital Partners
Federal Capital Partners® is a real estate investment company focused on the Mid-Atlantic region. Since its inception in 1999, FCP has invested in or financed more than $4.0 billion in assets. FCP professionals have extensive real estate and institutional equity backgrounds. This blend of operational and financial skill brings balance and discipline to our investment practices, as well as transparency to our investors. We own and operate our own real estate. We also invest with best-in-class operating partners through joint venture equity investments and mezzanine loans. Our focus is on multifamily, office, retail, industrial, manufactured housing, self-storage and mixed use properties located in Washington DC, Maryland, Pennsylvania, Virginia, Delaware, West Virginia, New Jersey and the Carolinas.
Real Estate Specialization
| Multifamily |
| Office |
| Industrial |
| Retail |
| Mixed-use |
| Storage |
| Manufactured Housing |
Investment Type
| Pref/Mezz equity |
| JV partnership |
| Acquisition/Fee Simple |
Investment Style
| Core |
| Value-add |
| Opportunistic |
| Development |
Esko Korhonen
- 240.395.2001
- esko@fcpdc.com
Esko Korhonen has company responsibilities in commercial investment, capital markets and fund raising. He has more than 27 years of experience in real estate investment and development and serves on FCP's Investment Committee. Prior to founding FCP, Mr. Korhonen was a Principal of The Carlyle Group where he served on the company’s real estate fund's Investment Committee. Before joining Carlyle, Mr. Korhonen was Vice President of ING Group, where he was responsible for ING's North American real estate portfolio. He began his real estate career with the Trammell Crow Company. Mr. Korhonen has served on the Board of Directors of Tower Realty Trust, Inc. (NYSE-TOW) and also serves on the Board of Trustees and is Treasurer of The Maret School in Washington, DC. He received his MBA from the J.L. Kellogg Graduate School of Business at Northwestern University and BA from Colgate University.
Lacy Rice
- 240.395.2002
- lacy@fcpdc.com
Lacy Rice manages the company’s for-sale and for-rent residential acquisitions. Mr. Rice has 23 years of experience in real estate investment and corporate finance and serves on FCP's Investment Committee. Prior to founding FCP, Mr. Rice was a Principal at The Carlyle Group. He served on the company’s real estate fund's Investment Committee. Prior to Carlyle, Mr. Rice worked at companies including Alex Brown, Haas & Haynie Corporation and Chemical Bank. Mr. Rice serves on the board of The Boys and Girls Clubs of Greater Washington. He received his MBA from Harvard Business School and BA from Princeton University.
Thomas Carr
- 240.395.2004
- tacarr@fcpdc.com
Thomas A. Carr joined FCP in 2007, is a member of the company’s Investment Committee and has responsibility for commercial office investments, capital raising and general management. Mr. Carr has more than 30 years of experience in the real estate industry focusing on all aspects of development, operations, capital markets and investments. Mr. Carr is the former Chairman and CEO of CarrAmerica Realty Corporation (formerly NYSE:CRE). He serves as Trustee and Past Chairman of the Board of the NHP Foundation and is on the Board of The Oliver Carr Company. He is a former member of the Executive Committee of the Board of the National Association of Real Estate Investment Trusts, a former member of the Real Estate Roundtable, former President of the Board of The Maret School, and former Trustee of The Federal City Council. Mr. Carr has an MBA from Harvard Business School and a BA in Urban Studies from Brown University.
Alex Marshall
- 240.395.2003
- alex@fcpdc.com
Alex Marshall is a 16-year veteran of the real estate industry, with specialized experience in financing, acquisitions and the repositioning of multi-family properties. Mr. Marshall is a member of the company’s Investment Committee and is responsible for the company’s multifamily acquisitions. Prior to joining FCP, Mr. Marshall was a member of the Real Estate Group at JPMorgan Partners and before that worked as an Associate in the Acquisitions Group at ING Clarion. He holds a BS in Finance from Boston College's Carroll School of Management.
Billy Herbert
- +1 240 395 2032
- bherbert@fcpdc.com
Erik Weinberg
- +1 240 395 2031
- eweinberg@fcpdc.com
Bryan Kane
- +1 919 719 4449
- bkane@fcpdc.com
Nikita Rao
- +1 240 395 2012
- nrao@fcpdc.com
Alex Cathcart
- +1 919 719 4448
- acathcart@fcpdc.com
Wade Casstevens
- +1 240 395 2018
- wcasstevens@fcpdc.com
Camille Harry
- +1 240 395 2019
- charry@fcpdc.com
Bart Hurlbut
- +1 240 395 2046
- bhurlbut@fcpdc.com