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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…

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…

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…

FCA Expands Partnership Program with Evergreen Devco

FCA enters into partnership with surburban Denver development company WHEATON, Ill. – First Capital Advisors, LLC (FCA) announced today that the company has entered into a strategic partnership comprising of a series of development investments with Evergreen Devco, Inc. (Evergreen). The suburban Denver developments include a planned 250 unit Class A apartment complex in Littleton,…

FCA enters strategic partnership with Adams LaSalle Realty

Partnership allows FCA to enter into multi-family real estate WHEATON, Ill. – First Capital Advisors, LLC (FCA) announced today that the company has entered into a strategic partnership with Adams LaSalle Realty. The partnership includes FCA’s entrance into one of Adams LaSalle’s funds in December 2013, as well as a joint venture agreement to buy…

FCA Adds Asset Management Arm, Closes on Property in Chattanooga

Company forms FCA Asset Managment, LLC to manage retail center in TN WHEATON, Ill. – First Capital Advisors, LLC (FCA) announced today that the company has formed an asset management group, FCA Asset Management, LLC. The new entity will manage FCA’s latest acquisition, a retail center in Chattanooga, Tenn., and will manage future acquisitions by…

FCA Completes Third Joint Venture with Embree

Third joint venture development is for a site in Corpus Christi, TX WHEATON, Ill. – First Capital Advisors, LLC (FCA) announced today that the company has funded their third joint venture development with Embree Asset Group. The development is a for an H&E Equipment Rental site in Corpus Christi, Texas. The joint venture is the…