The goal of Five States Realty Capital, LLC is to acquire attractive real estate assets during downturns in the economy. The principals of the company began investing in real estate in the early 1990s with the decline in the Texas real estate market. Initially, these investments were made independently rather than through a fund. To take advantage of this opportunity, in 2008 Realty Capital was formed to re-enter this sector.   Following a disciplined approach and acting on opportunities in a swift manner allows Realty Capital’s investors to hold a long-term income producing investment in their portfolio.

  • In 2009, Realty Capital entered into joint venture with Tonti Properties forming FS Tonti Acquisitions Fund 1, LLC.
  • The Fund seeks to acquire high quality multi-family properties at an attractive cost basis to operate for current income.
  • The Tonti group operates as a classic owner/operator, acquiring or developing properties to own and generate long term income.
  • The Tonti family makes significant equity investments in each fund.
  • Five States is the first Tonti Properties non-family equity investor.
  • FS Tonti Acquisitions Fund 1 involved a $50 million investment and closed January 2010. Fund 2 involved a $58 million investment and closed July 2011.

Current Fund 1 investments include: