First Capital Acquires New York REIT Advisory Firm in $175M Transaction
ByNetwork with the nation’s top CRE dealmakers at RealShare APARTMENTS in Los Angeles on Oct 21-22,RealShare INDUSTRIAL in Atlanta on Nov 3-4, RealShare NEW LEASE WEST in Los Angeles on Nov 11-12 andRealShare HEALTHCARE REAL ESTATE in Scottsdale, AZ on Dec 2-3.
SACRAMENTO, CA—First Capital Real Estate Investments, a Sacramento-based real estate investment and finance firm, has acquired United Realty Advisors through a merger of assets.
Immediately prior to its acquisition of United Realty, First Capital and its affiliates entered into an asset contribution agreement with United Realty Trust Incorporated (URTI) that encompasses 18 hotels, five retail and self-storage properties, various residential and commercial land for development, and contract rights to acquire 13 additional hotels and more than 1,000 multi-family units. The contributed assets exceed $175 million in value. Both transactions closed on September 15 and were made public via SEC Form 8K filing this week…
First Capital Acquires New York REIT Advisory Firm in $175M Transaction
