FCA Enters Texas Multifamily Market

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…

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

First Capital Advisors LLC announced that a joint venture development with McVickers Development LLC has been reached for a site in New Lenox. Read the Full Article »

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

A retail development under construction on U.S. 30 in New Lenox will feature six new businesses this fall. The 13,000-square-foot building, at 511 E. U.S. 30, near Wal-Mart, will house a Jersey Mike’s Subs, Pizza Hut carry-out, Verizon Wireless, Bedding Experts, Great Clips and one other tenant yet to be named. Read the Full Article…