FCP ANNOUNCES LEADERSHIP TEAM PROMOTIONS

CHEVY CHASE, Md., May 13, 2025 /PRNewswire/ -- FCP_® announces the following promotions within its leadership team.

Jason Ward has been promoted to Partner. Mr. Ward is currently a Principal for multifamily development and is responsible for the oversight of newly constructed multifamily (existing and development) and the firm's structured investment products (preferred equity, debt, and K series). Since joining FCP in 2011, Jason has led the acquisition, development, or debt investing on over 14,000 multifamily units in excess of $3 billion in asset value nationwide. Jason is an active member of ULI and an Advisory Board Member of Georgetown's Steers Center for Global Real Assets.

Summer Haltli has been promoted to Partner and Portfolio Manager of FCP's Housing Preservation Platform. Summer co-founded the Housing Preservation investment strategy, focused on creating and preserving affordability in essential housing. Since joining FCP in 2010, Ms. Haltli has developed and implemented business plans for over 7,000 multifamily units and mixed-use projects totaling over $1.5 billion of value.

In 2023, Summer spoke at the Federal Reserve Bank of New York regarding private sector solutions to the affordable housing crisis and contributed to the Bank's white paper on the topic. Summer serves as Vice Chair for the Multifamily Impact Council and on the Advisory Board for the White Ruffin Byron Center for Real Estate at the University of Virginia.

"We are extremely proud to have this group of longtime leaders within FCP advancing to these highly impactful new roles within the firm," said FCP Founding Managing Partner Esko Korhonen. "Their new positions are part of FCP's ongoing strategy to position itself for growth and to continue building out its senior management team. We believe these appointments affirm our growth strategy and enhance operational decision-making. Their leadership, brilliance in their fields, and accomplishments on behalf of the team and our investors have earned them these promotions and roles."

About FCP
FCP_® is a privately held real estate investment company that has invested in or financed more than $13.1 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and structured investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. For further information on FCP, please visit fcpdc.com.

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SOURCE FCP