nicolawealth.com
"Our Acquisitions Team is dedicated to sourcing and underwriting quality & reliable income producing real estate assets to complement our diversified real estate portfolios contributing to long term capital appreciation." – Mark Hannah, Managing Director
Investment Criteria
Nicola Wealth Real Estate is aggressively pursuing acquisition opportunities in all asset types in markets across North America. Our growth strategy also involves developing strategic alliances with best-in-class partners. Our preference is for off-market or unlisted opportunities and we pride ourselves on being able to respond quickly and decisively.
We’re committed to thoroughly researching and underwriting opportunities to fully capture their potential. Our attention is focused on opportunities with below market rental rates, quality construction, credit tenancies, and pricing below replacement cost. While we prefer the ability to place new debt on acquisitions, we also have the flexibility to assume existing mortgages or close entirely with cash.
In addition, we are also committed to the basic principles of the UN PRI and a copy of our policy can found here.
The specific investment criteria for each of our portfolios is listed below:
Canadian Income Portfolio
- Deal size ranging from a minimum of $20 Million up to $150 Million
- Office, Retail, Industrial, Self-Storage, Multi-Family, and Seniors Housing
- Major Canadian Markets including Vancouver, Victoria, Kelowna, Edmonton, Calgary, Winnipeg, Toronto & Ottawa
- Will consider strong secondary markets with minimum population of 100,000
- Multi-tenant and single tenant (including sale-leasebacks)
- Will consider partnership opportunities
United States Income Portfolio
- Deal size ranging from a minimum of $20 Million up to $150 Million
- Office, Retail, Industrial, Self-Storage & Multi-Family
- Major Markets including Seattle, Portland, San Francisco, Los Angeles, Las Vegas, Salt Lake City, Denver, Phoenix, Houston & Chicago
- Multi-tenant and single tenant (including sale-leasebacks)
- Will consider partnership opportunities
Value Add/Development
- Deal size ranging from a minimum of $10 Million up to $100 Million
- Development sites for office, retail, industrial and residential
- Existing buildings with re-positioning and/or leasing opportunities
- Mezzanine debt and equity financing opportunities
- Major markets in Canada and the U.S.
- Shorter investment horizon (2 to 5 years)
- Will consider partnership opportunities