Property Type: Multifamily
FCA purchased Clarendon Arms apartments in 2015. This 84-unit, garden-style apartment community offers a mix of one- and two-bedroom apartment units ranging in size from 750 to 1,050 square feet. The property offers a convenient location along Kingery Highway within the affluent Hinsdale Central High School District. Amenities include a swimming pool, on-site management / maintenance, laundry facilities, and storage lockers for each apartment.
Clarendon Arms was the first residential property owned and managed directly by FCA. The company oversaw a significant value-add renovation program at the property, which included comprehensive interior unit renovations. The renovations increased the property’s income and value substantially, which led to a profitable property sale in 2017.