“Solara on Mill Avenue provides FCP with a well-located network that will take advantage of our asset control strategies,” said Bart Hurlbut, vice president of procurement at CPF, which focuses on FCP investments in the western United States. Hurlbut continued: “We expect operating power gains, with Solara adjacent to our Tides assets in South Tempe.
“Tides is very happy to marry FCP in our transaction at the moment in South Tempe,” said Sean Kia, co-founder and director of Tides Equities. “Solara at Mill will bring additional efficiencies and economies of scale to this submarket, allowing us to increase our spending at all levels. “