Property Type: Multifamily
Acquired in January 2019, Waterfall Glen is a 304-unit condominium community situated on 24.2 acres. First Capital Advisors owns approximately 60% of the condominium units, and a related entity, FCA Asset Management, is 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.
FCA has implemented a value-add strategy at the property, including renovating the majority of its owned units.