Nicola Wealth is a Vancouver‑based multi‑family office and asset manager that operates an in‑house real estate investment platform. The firm reports $17.6 billion in total assets under management (AUM) and manages $10.1 billion in real estate across Canada and the U.S., with a real estate portfolio of 341 properties totaling more than 30 million square feet and over 25 years of investing experience. Nicola’s real estate arm runs three evergreen, open‑ended limited partnerships and typically owns assets outright while also using strategic partners and joint ventures. Asset types include multi‑family, office, industrial and self‑storage, and the platform pursues value‑add and build‑to‑own development alongside income portfolios. The real estate management team co‑invests alongside clients and operates sizable proprietary private pools that represent material client exposure to private real estate investments. Representative activity includes direct acquisitions such as a December 2020 purchase of a 35,000 sq. ft. office in Redmond, WA. Nicola’s distinguishing feature is a large, vertically integrated, in‑house real estate capability that runs evergreen private funds and co‑invests the manager alongside investor clients.