First Capital Real Estate Trust Incorporated, a publicly registered non-traded REIT, agreed to purchase eight residential development properties in Northern California comprised of 2,026 single-family residential lots. The sellers are Evergreen Communities Inc. and La Jolla Pacific Investments LLC, two energy conscious home developers based in Roseville, California.
Learn MoreFirst Capital Real Estate Trust Incorporated, a publicly registered non-traded REIT, are in talks with Presidential Realty Corporation (OTC:PDNLA/PDNLB) regarding a potential strategic transaction. Presidential Realty, a real estate investment trust which trades over the counter, currently owns one property in Massachusetts.
Learn MoreFirst Capital Real Estate Trust Incorporated ("FCRETI") and Presidential Realty Corporation (OTC:PDNLA/PDNLB), a Delaware real estate investment trust ("Presidential"), today announced that the parties have executed a Letter of Intent. The Letter of Intent relates to a proposed transaction pursuant to which Presidential would acquire substantially all of the assets of FCRETI in exchange for newly issued shares of Presidential.
Learn MoreSince the 2012 launch of First Capital Real Estate Trust Incorporated (“FCRETI”), formerly United Realty Trust Incorporated, our management team executed on our dual investment strategy. We focused on acquiring existing, stabilized, cash-flowing assets to support stable, consistent distributions to our shareholders while also acquiring opportunistic assets that we can reposition, redevelop or remarket to create value-enhancement and provide capital appreciation.
Learn MoreNew York, Feb. 9, 2016 /PRNewswire/ -- First Capital Real Estate Advisors, LP, the external advisor to First Capital Real Estate Trust Incorporated ("First Capital"), an SEC-registered public non-traded REIT, announced today that First Capital acquired a 92% indirect ownership interest in Township Nine, a 62.6-acre mixed-use development project in Sacramento, California ("Township Nine") appraised at $78 million.
Learn MoreUnited Realty Trust Incorporated has named Richard Vitale as President and a Director of the Company. He has also been named President of United Realty Advisors, LP, the advisor to the Company. In these positions, Rick will oversee product distribution and the continued expansion of sales and distribution capabilities. In addition, Barry Funt was appointed as Executive Vice President, Head of Real Estate Operations of United Realty Advisors, LP.
Learn MoreUnited Realty Trust Incorporated, led by Jacob Frydman, announced today that it has acquired Tilden House, a 117-unit residential property in Brooklyn, N.Y., through a joint venture with the seller. The purchase price was $22.9 million.
Learn MoreUnited Realty Trust Incorporated ("United Realty Trust" or the "Company") announced today that that it has sold sufficient shares of its common stock, par value $0.01 per share, to break escrow in connection with its initial public offering. Having broken escrow, the Company has admitted initial investors as stockholders, and will continue to admit new stockholders on a daily basis.
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