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Western Wealth Capital’s Serafina Canadian Limited Partnership Closes US$9,900,000 Private Placement

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

On March 21, 2019, Western Wealth Capital’s Serafina Canadian Limited Partnership raised US$9,900,000 pursuant to a non-brokered private placement offering of 9,900,000 Class A Units.  The proceeds of the offering were used as partial consideration for the US$27,450,000 acquisition of Serafina at South Mountain Apartment Homes, a 183 unit garden-style apartment community located in Phoenix, Arizona.

Western Wealth Capital is a real estate investment firm based in North Vancouver specializing in multi-family apartment complexes across the U.S.