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.
New York-based United Realty Advisors is the external advisor to United Realty Trust Incorporated, an SEC-registered public non-traded REIT, and other affiliated entities.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
