Nicola Multi Family Office
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Nicola Wealth is a multi-family office and asset manager in Vancouver with an in-house real estate investment platform. It reports $17.6 billion in total assets under management (AUM), of which $10.1 billion is real estate in Canada and the U.S. That portfolio holds 341 properties totaling over 30 million square feet, built on more than 25 years of investing experience. The real estate arm operates three evergreen, open-ended limited partnerships. It usually owns assets outright, and it also works with strategic partners and joint ventures. Asset types are multi-family, office, industrial and self-storage, with value-add and build-to-own development pursued next to income portfolios. The management team co-invests with clients and runs large proprietary private pools that give clients meaningful exposure to private real estate. A representative direct acquisition was a 35,000 sq. ft. office in Redmond, WA, bought in December 2020. What sets Nicola apart is a big, vertically integrated, in-house real estate capability that operates evergreen private funds and places the manager's own capital beside that of investor clients.
| Investor | Type | Based in | Focus | AUM | Contacts |
|---|---|---|---|---|---|
| SEI Investments | Fund of Funds | Oaks | Multifamily · Industrial | $1.5T | 4 |
| Blackstone Group - Fund of Funds and Secondary | Fund of Funds | New York | Multifamily · Industrial · Core | $1.1T | 16 |
| New York Life Investment Management | Asset Manager | New York | Multifamily · Industrial · Co-investment | $740B | 5 |
| Brookfield Asset Management | Asset Manager | Toronto, Canada | Multifamily · Industrial · Opportunistic · Joint venture | $690B | 12 |
| KKR | Asset Manager | New York | Multifamily · Industrial · Core · Co-investment | $553B | 11 |
| Ares Management | Asset Manager | Los Angeles | Multifamily · Industrial · Core | $546B | 16 |
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