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 an apartment complex in Corpus Christi, Texas.
The partnership allows FCA to enter the multi-family arena with an operator with more than 100 years collective experience.
“Multi-family is an asset class we’ve been looking at for some time,” said Chris Pope, Principal at FCA, “And finding a group like Adams LaSalle to partner with makes the addition of this asset class to our portfolio a reality.”
First Capital Advisors, LLC is a fully integrated, self-administered and self-managed real estate investment firm focusing on the acquisition, ownership, and management of high quality real estate throughout the United States. First Capital is an affiliate of First Trust Portfolios L.P., a financial services firm founded in 1991. Additional information about First Capital Advisors can be found at the company’s website at fca-grp.com.