On August 15, 2019, Bel Air Canadian Limited Partnership raised US$7,775,000 pursuant to a non-brokered private placement offering of 7,775,000 Class A Units. The proceeds of the offering were used as partial consideration for the US$73,250,000 acquisition, in association with Western Wealth Capital, of the Bel Air Las Colinas Apartment Homes, a 415 unit multi-family apartment complex in Dallas, Texas.
Western Wealth Capital is a real estate investment firm based in North Vancouver specializing in multi-family apartment complexes across the U.S.