Acquisitions

UDistrict Multi-Family Development, Abbotsford, BC

February 13, 2018
Multi-Family
Purchased: 2018

Nicola Crosby, the real estate division of Nicola Wealth Management Ltd., is pleased to announce its partnership with Primex Investments Ltd. to construct a three (3) building multi-family rental apartment project, comprising 204 units. The property is located within a short walking distance of the University of the Fraser Valley in Abbotsford, BC.

This project is part of Nicola Crosby’s new strategy to build-to-hold multi-family rental apartments.

Special Thanks To:

  • Partner – Primex Investments Ltd.
  • Development Manager – District Developments

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.”