Maynard Building

December 9, 2011

Nicola Crosby, a subsidiary of Nicola Wealth Management, is pleased to announce the acquisition of Preserve at Colony Lakes, a 420-unit Class A apartment community, acquired in partnership with Venterra Realty.

The property was constructed in 2004 and is located within Fort Bend County, approximately 20 miles from downtown Houston. Amenities include two swimming pools with hot tubs, a fitness centre, business centre, grilling and picnic area, and a community recreation room.

Nicola Crosby is actively pursuing further investment opportunities. We have a proven track record of completing and we welcome your ideas on a listed or unlisted basis.

Special Thanks To
Broker – Jennifer Ray (CBRE Houston)
Financing – Cortney Cole (HFF Houston)

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.”