Property Type: Multifamily
Acquired in Q1 2019, Waterfall Glen is a 304 unit complex situated on 24.2 acres constructed in 1970. First Capital Advisors/FCA Asset Management are the owners of 161 condominium units and the manager of the Waterfall Glen Condominium Association. The property has direct access to over 11 miles of trails at Waterfall Glen Forest Preserve in Willowbrook, IL, a suburb of Chicago. The property is located near multiple expressways allowing easy access to the suburbs and downtown Chicago.
Waterfall Glen has 42 one-bedroom/one bath units, 77 two-bedroom/ one bath units, and 27 three-bedroom/ two bath units with some renovated units and some in-unit washer and dryer.
The property is wholly owned by First Capital Advisors and is managed by FCA Asset Management. FCA has begun to implement a value-add strategy by renovating more units and improving/adding amenities.