Acquisitions

Dolce Living at Grand Harbor

February 12, 2016
Multi-Family
Purchased: 2016
Spire US LP Equity Interest: 50%

Nicola Crosby, the real estate division of Nicola Wealth Management Ltd., is pleased to announce the acquisition of Dolce Living at Grand Harbor (“Dolce Living”), a best in class 324 unit garden style apartment community, acquired in partnership with Venterra Realty. Dolce Living is located in the Katy suburb of Houston, Texas and was built between 2013 and 2015 in two separate phases. The second phase is still currently in the process of initial lease up. The property has 21 separate two and three storey residential buildings and is on 13.63 acres. Katy is one of the fastest growing areas in the Houston area and a major growth corridor for employment and new residents. Dolce Living is within walking distance to Katy Mills Mall and the upcoming Katy Boardwalk project that will bring a convention center to the area. Project amenities include: resort-style pool and hot tub, poolside cabana area with outdoor grillhouse, clubhouse with wifi Internet cafe, sports lounge with pool table, fitness center, yoga studio, and business center.

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.