Author Archives: admin

FCA Closed on the Sale of Establishment in Austin, Texas

WHEATON, Ill., (August 30, 2019) – First Capital Advisors, LLC (FCA) has recently acquired a 1970s vintage, garden style apartment complex located in Central Austin, Texas. “With the purchase of the Establishment apartment complex in Austin, FCA has now entered into another major Texas Market,” said Chris Pope, CEO of First Capital Advisors. “We have been attempting to break into the Austin market for quite some time. The purchase of Establishment has accomplished that and offers us the opportunity to …
Read More »

Posted in Press Releases | Tagged , , ,

FCA Welcomes New Marketing Communication Specialist

WHEATON, Ill., (August 29, 2019) – First Capital Advisors, LLC (FCA) is pleased to announce the recent hire of Ashley Chex who joins the team as our Marketing Communication Specialist. Ashley will be responsible for providing marketing and administrative support to FCA. She will be in charge of coordinating advertising, press releases, and marketing efforts, which will include overseeing tasks such as website maintenance, ensuring a cohesive brand image on social media, and creation of advertising materials. “I am very …
Read More »

Posted in Press Releases | Tagged , , , ,

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

Posted in News | Tagged , , ,

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 …
Read More »

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

Posted in News |

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>>

Posted in News |

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

Posted in News |

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 …
Read More »

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 …
Read More »

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

Posted in News |