Acquisitions

Tree Park Apartments

January 6, 2017
Multi-Family
Purchased: 2017

Nicola Crosby, the real estate division of Nicola Wealth Management Ltd., is pleased to announce the acquisition of Tree Park Apartments, in partnership with Venterra Realty.

Tree Park Apartments, built in 2007 on 38.07 acres of land, is a 456 unit apartment complex. The complex contains 29 residential buildings with 2 and 3 bedroom units. It is located 40 miles north of Downtown Atlanta in the city of Flowery Branch, “Home of the Atlanta Falcons”. Amenities include a clubhouse, fitness center,enclosed pool, tennis courts, playground and walking trail.

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 Director 778-383-6937
Alex Messina
Alex Messina Acquisitions Manager 778-383-4020
Shaun Blythen Senior Acquisitions Analyst 604-558-5500

About Nicola Crosby

Nicola Crosby Real Estate, a subsidiary of Nicola Wealth Management Ltd., sources properties for the SPIRE Real Estate portfolios. For a complete listing of our portfolio please visit www.nicolacrosby.com.

About SPIRE Real Estate Portfolios

SPIRE Real Estate LP is an investment portfolio comprised of retail, industrial, office, hotel, seniors living and self-storage properties totaling 3.7 million square feet located primarily in major Canadian markets. SPIRE US LP is an investment portfolio comprised of office, retail and industrial properties located in Seattle, and office properties in Denver, San Francisco, 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.