Author Archives: admin

Berkadia Completes Sale and Secures Financing for Multifamily Property in Texas

DALLAS and AUSTIN, Texas – May 7, 2019 – Berkadia announced today the sale and financing of Arbors on Saratoga, a garden-style multifamily property in Corpus Christi, Texas. Read More

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The Case for Emerging Managers in Private Real Estate

In the universe of private equity real estate investing, it’s easy to imagine that the largest fund sponsors would consistently produce the best results for their investors.  While there is something to be said for the consistent long-term results provided by these firms, it is actually the emerging managers who have provided the highest returns.  While not clearly defined, an emerging manager is typically described as a manager that is on their first or second fund with less than $500 …
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Posted in Blog, Commercial Real Estate | Tagged ,

Apartment Fund Corrals Capital

An investment manager closed on $58.8 million of initial equity last month for an apartment fund. See newsletter: REA080917

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First Capital Advisors Expands to Austin

AUSTIN—Wheaton, IL-based First Capital Advisors LLC is expanding into the Austin market. “Opening our first branch office in Austin is a strategic step for our firm,” says Chris Pope, CEO of First Capital Advisors. Read the Full Article>>

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Lowe Enterprises Investors and First Capital Advisors Acquire Tacoma Area Apartment Community

TACOMA, Wash.–Lowe Enterprises Investors (“LEI”), in joint venture with First Capital Advisors (“FCA”), has acquired the Deer Creek Apartment Homes, a 256-unit apartment community located at 6115 111th Street East in Puyallup, Washington near Tacoma. The 18-acre, 21-building garden-style property was built in 2000. Read More

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Millennials Are a Major CRE Focus

By: Ian Ritter Now that the millennial generation has entered the workforce in a big way, there is a lot of talk about its impact on commercial real estate.  We heard a lot about this recently at Connect Los Angeles and it’s clear they are influencing every facet of the industry. This sentiment was echoed by Alan Cooke, a vice president of the popular workout concept SoulCycle who said that Downtown Los Angeles is especially attractive for the New York …
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Posted in Blog, Commercial Real Estate |

Why We Still Use Checkbooks to Pay the Rent

Written by: Patrick Clark In 2007, Arlington (Va.)-based property management company AvalonBay Communities made a seemingly obvious decision. The company stopped accepting rent at its apartment buildings, and started making tenants send payments to a centralized office. Renters could put checks in the mail or use a new online system to transfer payments from one bank account to another. “We were unique,” says Mona Stahling, senior vice president for operational services, adding that in-person check payment was still an option …
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Posted in Blog, Commercial Real Estate, Property Management |

Lowe Enterprises Investors and First Capital Advisors Acquire Philadelphia Area Apartment Community

PHILADELPHIA–(BUSINESS WIRE)–Lowe Enterprises Investors (“LEI”), in joint venture with First Capital Advisors (“FCA”), has acquired the Silk Factory Lofts, a 116-unit luxury apartment community located at 200 S. Line Street in Lansdale, Pennsylvania just outside of Philadelphia. The Class A loft-style property was built in 1922 as the Interstate Hosiery Mill and registered as a national historic building shortly before being renovated for multifamily use in 2008. Read More via Business Wire

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FCA Enters Texas Multifamily Market

CORPUS CHRISTI-First Capital Advisors (FAC) makes its first move in Texas with the purchase of a 252-unit multifamily complex in Corpus Christi, Texas Read the Full Article »

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FCA Closes on Arbors on Saratoga

FCA closed on its first multi-family asset in partnership with Adams LaSalle Realty WHEATON, Ill. – First Capital Advisors, LLC (FCA) announced today that the company has closed on its first multi-family asset in Corpus Christi, Texas. The acquisition was acquired through a strategic partnership with Adams LaSalle Realty. The 252-unit complex was built in 1998 and is located at 6225 Saratoga Boulevard. The property is the first acquisition FCA has completed in their partnership with Adams LaSalle Realty. “We …
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