Tag Archives: apartments

FCA Closed on the Sale of Establishment in Austin, Texas

WHEATON, Ill., (August 30, 2019) – First Capital Advisors, LLC (FCA) has recently acquired a 1970s vintage, garden style apartment complex located in Central Austin, Texas. “With the purchase of the Establishment apartment complex in Austin, FCA has now entered into another major Texas Market,” said Chris Pope, CEO of First Capital Advisors. “We have been attempting to break into the Austin market for quite some time. The purchase of Establishment has accomplished that and offers us the opportunity to …
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FCA Announces Disposition of 84-Unit, Value-Add Property in Suburban Chicago

WHEATON, Ill., (July 28, 2017) – First Capital Advisors, LLC (FCA) announced the disposition of Clarendon Arms Apartments, an 84-unit, value-add property located in the highly desirable Chicago suburb of Clarendon Hills, Illinois. “This was our company’s first sale of a solely managed multi-family property,” said Chris Pope, CEO of First Capital Advisors. “The value-add program, phenomenal school districts, and easy access to downtown made Clarendon Arms an attractive investment to buyers.” Clarendon Arms Apartments was acquired in January 2015. …
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Where Apartments Are Heading in 2016

There is no denying that 2015 was a remarkable year in the multifamily sector of real estate. Vacancies were low, rent growth was high, and the number of renters rose by 1.8 million. Records were broken throughout the year and Americans paid nearly $20 billion more in rent in 2015 than 2014. So, with 2015 being an anomaly of a year, what does that mean for 2016? Rent Growth According to MPF Research, rent growth and occupancy levels hit a …
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FCA Expands Multifamily Portfolio by Closing on Two Florida Apartment Complexes with ApexOne

WHEATON, Ill., (September 4, 2014) – First Capital Advisors, LLC (FCA) closed on the sale of Ashley Club and Arbor Club, both located in Pensacola, Fla., with joint-venture partner ApexOne Investment Partners. “We are very excited to enter the Florida multifamily market as it has long been a target market for us,” said Chris Pope, CEO of First Capital Advisors. “Our joint venture partner, ApexOne has done numerous deals throughout Florida and we look forward to expanding our relationship with …
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Upgrading Apartments Without Upsetting the Bank

With an estimated 300,000 new apartment units being built every year, older apartment complexes can be a turn off to renters, especially if they are outdated. New apartment complexes are being built with all the bells and whistles to attract millennials who tend to have high expectations of living arrangements. So, while these Class A apartments are thriving and getting premium rent, Class B and Class C can potentially fall behind in maximizing rent. However, there are a few simple, …
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