WHEATON, Ill., (March 2, 2014) – First Capital Advisors, LLC (FCA) purchased Oceanfront Lofts in Galveston, Texas, with join-venture partner Adams LaSalle Realty.
“Finding such a unique apartment complex on the coast of Texas is exactly what we needed to add to our apartment portfolio,” said Chris Pope, Principal of First Capital Advisors.
Oceanfront Lofts is a 102 unit apartment complex located in Galveston, Texas, approximately 50 miles southeast from Houston. This property is one of the few apartment communities located on the seawall providing residents with immediate gulf views and access. The one and two bedroom complex offers each tenant a view of the Gulf, open floor plans, a laundry facility, fitness center, swimming pool, hot tub, and tennis court.
Oceanfront Lofts is within minutes from Schlitterbahn waterpark, Scholes International Airport at Galveston, Texas A&M University at Galveston, and Galveston Island Convention Center.
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.