A Sacramento-based real estate investment and finance firm, First Capital acquired United Realty Advisors, the external advisor to United Realty Trust Incorporated, on September 23, 2015.
Immediately prior to its acquisition of United Realty, First Capital and its affiliates entered into an Asset Contribution Agreement with URTI pursuant to which First Capital and affiliated entities contributed 28 assets to the REIT, including 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, 2015.
(See tables below)
First Capital Investment Corporation (formerly Freedom Capital Corporation)
Sponsor Contact Information
60 Broad Street
New York, NY 10004-2344
Total Equity Raised**
Number of Liquidity Events***
* Total assets for all active alternative investments at most recent quarter end, excluding full-cycle programs.
** During offering periods, including DRIP proceeds, for all offerings.
*** As defined by Blue Vault where total liquidity has been achieved for common stock.
First Capital Investment Corporation