Commercial real estate investment firm SomeraRoad has launched a new investment platform SR Aviation Infrastructure (SRAI) with the purchase of the Quail Air Center complex at Las Vegas Harry Reid International Airport (KLAS).
Established in 1985, the 23-acre facility features 268,000 sq ft of hangar space that can accommodate bizliners and 32,000 sq ft of offices. It acts as a private FBO, providing fueling and ground handling services for tenants.
“Quail Air Center is one of the premier general aviation facilities in the country, offering best-in-class hangar infrastructure and an unparalleled location just steps from the Las Vegas Strip,” said SomeraRoad partner and SRAI president Jonathon Reeser. “We have been working on the acquisition of this incredible asset for a long time and have large aspirations for the role this initial crown jewel can play in the scaling of a larger aviation infrastructure platform.”
SomeraRoad sees aviation infrastructure as “one of the most compelling opportunities in real estate today,” fueled by the increase in private air travel and limited new airport development, particularly in the general aviation sector.
Looking ahead, the company has identified additional near-term investment opportunities including general aviation, corporate aviation, FBO, and MRO hangars.
“We see tremendous opportunity for SRAI to aggregate the highly fragmented aviation infrastructure to an industrial scale,” explained Monte Koch, the company’s senior advisor.