NEW YORK and LONDON, June 13, 2016 /PRNewswire/ --First Capital Real Estate Investments, LLC (First Capital) announced today a strategic partnership with global real estate investment management firm Forum Partners. This strategic partnership comprises a three stage process by which Forum will provide strategic capital and advice to First Capital to accelerate its growth and development. In the first stage, First Capital has acquired the remaining interests in First Capital Real Estate Advisors held by Jacob Frydman. The second step involves the design and implementation of an accelerated liquidity plan for First Capital Real Estate Trust Incorporated, the firms non-traded REIT. Step three will involve the development by First Capital, with support from Forum Partners, of additional products and services to expand its offerings, customer base and assets under management.
Suneet Singal, CEO and Chairman of First Capital commented, The partnership with Forum will give our investors the best of both worlds by combining the support and dependability of a multi-national institution with the individual investor focus of a retail firm.