RECENT TRANSACTION - Nicola Crosby Real Estate

RECENT TRANSACTION
ACQUISITION
VENTANA APARTMENT HOMES, SAN ANTONIO, TX
Nicola Crosby, a subsidiary of Nicola Wealth Management, is pleased to announce the acquisition of Ventana, a 390-unit Class A apartment
community, acquired in partnership with Venterra Realty. The property was constructed in 1994 and is located along the I-10 corridor,
approximately 12 miles northwest of downtown San Antonio. Amenities include two resort-style swimming pools, a 24-hour fitness centre,
business centre, clubhouse and a hillside historic lodgehouse cabana.
Purchased:
SPIRE US LP Equity Interest:
June 2015
50.0%
ABOUT SPIRE
SPIRE US LP is an investment portfolio comprised of office, retail and industrial properties located in Seattle, and office properties in
San Francisco and Denver. The portfolio also includes interests in over 12,000 multi-family apartment units located in the South and
Southeast US. SPIRE Real Estate LP is an investment portfolio comprised of retail, industrial, office and self-storage properties totaling
2.96 million square feet located in major Canadian markets. SPIRE Value Add LP is a new addition to the SPIRE and SPIRE US investment
portfolios and focuses on generating returns through re-sale of investments in multiple projects using “value-add strategies.”
ABOUT NICOLA CROSBY
Nicola Crosby Real Estate, a subsidiary of Nicola Wealth Management, sources properties for the SPIRE Real Estate portfolios. For a
complete listing of our portfolio please visit www.nicolacrosby.com.
ABOUT VENTERRA
Venterra specializes in the identification, finance, acquisition and management of multi-family residential communities in the
southern United States. Venterra currently manages a portfolio of multi-family real estate assest of almost 16,000 apartment units.
The company has offices in Houston and Toronto and employs over 500 people.
For further information and acquisition inquiries please contact:
Mark Hannah, Director
[email protected]
Alex Messina, Acquisitions Manager
[email protected]
SPECIAL THANKS TO:
Venterra Realty (Multi-family Partner)
Financing - Cortney Cole (HFF Houston)