Tag Archives: value add

FCA Marks One Year Anniversary of Waterfall Glen Acquisition

WHEATON, Ill., (January 5, 2020) – First Capital Advisors, LLC (FCA) celebrates the one year anniversary of the acquisition of Waterfall Glen. Situated in Willowbrook, Ill., Waterfall Glen is a 304 unit complex constructed in 1970. FCA owns 161 units, and as a majority holder of the condominium complex, manages the property on a day-to-day basis through FCA Asset Management. Since taking over management of the property in January of 2019, FCA has invested in a number of value-add projects. …
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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apartment units being built every year, older apartment complexes can be a turn off to renters, especially if they are outdated.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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