Acquisitions

Coles Crossing, Cypress, Texas

September 22, 2016
Multi-Family

12500 Barker Cypress Road, Cypress

Purchased: 2016

Nicola Crosby, the real estate division of Nicola Wealth Management Ltd., is pleased to announce the acquisition of Coles Crossing, in partnership with Venterra Realty.

Coles Crossing is a 370-unit garden style multi-family property built in 2003. The property is comprised of 21 residential buildings on 34.5 acres, and is located in the affluent community of Cypress, approximately 23 miles northwest of downtown Houston. Amenities include a resort-style pool, fitness center, playground, picnic areas with grills, recreational fitness trail, movie theater, and clubhouse with resident lounge.

Special Thanks To:

Venterra Realty (Joint Venture Partner)
Financing – Cortney Cole (HFF Houston)

For more information, please contact any of the following:

Mark Hannah
Mark Hannah Managing Director, Real Estate 778-383-6937
Alex Messina
Alex Messina Director of Acquisitions,
Real Estate 778-383-4020
Shaun Blythen Acquisitions Manager,
Real Estate 604-558-5500

About Nicola Wealth Real Estate

Nicola Wealth Real Estate is the in-house real estate division of Nicola Wealth.  Our team acquires and manages properties for Nicola Wealth’s real estate portfolios.  We are an experienced team with a disciplined approach, dedicated to building high quality real estate portfolios that are diversified both geographically and by asset type.

About SPIRE Real Estate Portfolios

SPIRE Real Estate LP is an investment portfolio comprised of retail, industrial, office, multi-family, seniors and self-storage properties totaling 3.7 million square feet located in major Canadian markets. SPIRE US LP is an investment portfolio comprised of office, retail and industrial properties located in Seattle, San Francisco, Denver, Phoenix, Houston and Chicago. The portfolio also includes interests in over 14,000 multi-family apartment units located in the South and Southeast US. 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 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 assets of almost 17,000 apartment units. The company has offices in Houston and Toronto and employs over 500 people.