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Western Wealth Capital’s Bel Air Canadian Limited Partnership Closes US$7,775,000 Private Placement

Maxis Law represented Bel Air Canadian Limited Partnership with a team that included Michael Varabioff and Helen Racic

On August 15, 2019, Western Wealth Capital’s 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 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.