Participation in Grosvenor Americas’ Structured Development Finance Program

November 10, 2015

Nicola Crosby, the real estate division of Nicola Wealth Management Ltd., is pleased to announce its participation in a Structured Development Financing Program in partnership with Grosvenor Americas and Kingswood Capital.   The Program provides capital to market leading residential developers structured as mezzanine debt and is currently invested in the following projects:

  • Belpark by Intracorp (Vancouver, BC)
  • 820 Mission St by Intracorp (Los Angeles)
  • Elysium by Madison Investments (Washington, DC)
  • 815 Tennessee by DM Development (San Francisco)
  • 2290 Third St by DM Development (San Francisco)

 The Program will continue to invest in other residential development projects in these markets.  For more information, please visit

1 - Elysium 1 - 815 Tenn 1 - 2290 Third 1 -Belpark

For more information, please contact any of the following:

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 Grosvenor Americas

Grosvenor is a privately-owned property group that has provided specialist capabilities, understanding of cities, and a foundation of trust to the real estate industry for over 300 years.  Grosvenor has brought its vision of ‘Living cities’ to many of the world’s most urban destinations and has offices in 17 of the world’s most dynamic cities. This includes regional investment and development businesses in Britain and Ireland, the Americas, and Asia Pacific, as well as a portfolio of indirect investments and an international fund management business.

As of year-end 2014, Grosvenor held $22.8 billion in assets under management worldwide, including $3.0 billion in the Americas. Grosvenor has been active in North America for over 60 years, having had an office in Vancouver since 1953, in San Francisco since 1977, in Washington since 1988 and in Calgary since 1997.