NewsMidwest Industrial Funds & FCA Experience Beneficial Partnership in 2019
WHEATON, Ill. (January 20, 2020) – Midwest Industrial Funds and First Capital Advisors (FCA) had a successful partnership in 2019. Highlights from the year include 38 completed leases, acquisitions, and sales, along with $56 million worth of new development completions. For more information regarding this year’s accomplishments, click the link below.
Berkadia Completes Sale and Secures Financing for Multifamily Property in Texas
Apartment Fund Corrals Capital
An investment manager closed on $58.8 million of initial equity last month for an apartment fund.
See newsletter: REA080917
First Capital Advisors Expands to Austin
AUSTIN—Wheaton, IL-based First Capital Advisors LLC is expanding into the Austin market.
“Opening our first branch office in Austin is a strategic step for our firm,” says Chris Pope, CEO of First Capital Advisors.
Lowe Enterprises Investors and First Capital Advisors Acquire Tacoma Area Apartment Community
TACOMA, Wash.–Lowe Enterprises Investors (“LEI”), in joint venture with First Capital Advisors (“FCA”), has acquired the Deer Creek Apartment Homes, a 256-unit apartment community located at 6115 111th Street East in Puyallup, Washington near Tacoma. The 18-acre, 21-building garden-style property was built in 2000.
FCA closed on the sale of Philadelphia area apartments with Lowe Enterprises
First Capital Advisors, LLC (FCA) purchased Silk Factory Lofts in Lansdale, Penn., located just north of Philadelphia, with joint-venture partner Lowe Enterprises Investors.
Lowe Enterprises Investors and First Capital Advisors Acquire Philadelphia Area Apartment Community
PHILADELPHIA–(BUSINESS WIRE)–Lowe Enterprises Investors (“LEI”), in joint venture with First Capital Advisors (“FCA”), has acquired the Silk Factory Lofts, a 116-unit luxury apartment community located at 200 S. Line Street in Lansdale, Pennsylvania just outside of Philadelphia. The Class A loft-style property was built in 1922 as the Interstate Hosiery Mill and registered as a national historic building shortly before being renovated for multifamily use in 2008.
Read More via Business Wire
FCA Enters Texas Multifamily Market
CORPUS CHRISTI-First Capital Advisors (FAC) makes its first move in Texas with the purchase of a 252-unit multifamily complex in Corpus Christi, Texas
Businesses moving into, and within, New Lenox
A retail development under construction on U.S. 30 in New Lenox will feature six new businesses this fall. The 13,000-square-foot building, at 511 E. U.S. 30, near Wal-Mart, will house a Jersey Mike’s Subs, Pizza Hut carry-out, Verizon Wireless, Bedding Experts, Great Clips and one other tenant yet to be named.
First Capital Advisors Strikes Joint Venture with McVickers Development
First Capital Advisors LLC announced that a joint venture development with McVickers Development LLC has been reached for a site in New Lenox.