SR Aviation Infrastructure Lands in Montana

SR Aviation Infrastructure (SRAI), the subsidiary of commercial real estate investment and development firm SomeraRoad, has made another acquisition, purchasing the 118,000-sq-ft Bridger Hangar Complex at Montana’s Bozeman Yellowstone International Airport (KBZN).

Seller Bridger Aerospace is one of the nation’s largest aerial firefighting operators, providing wildfire management services to federal and state government agencies in the U.S. and abroad. As part of the agreement, SRAI will lease the facility back to Bridger, which will continue to use it as its headquarters under a 10-year lease deal.

The transaction also includes a fully-entitled development site at KBZN where SRAI plans to build an additional 40,000-sq-ft hangar, which will be available for lease for based and transient private aviation tenants upon completion next year. Construction on the $12 million structure will begin before year-end.

“Bozeman is a market that represents tremendous opportunity for private aviation and general aviation infrastructure,” said SRAI president Jonathon Reeser, adding the region has seen consistent growth. “This acquisition reflects SRAI’s focus on well-located, institutional quality aviation assets with durable tenant credit and clear value-creation potential.”

Launched last year, SRAI now has more than half a million square feet of aircraft shelter with properties in Las Vegas, San Antonio, and Bozeman.