Story ID:  
Newly Launched Hangarkeeper Buys Second Facility
By: Curt Epstein
Caption: Upon closure of deal, SR Aviation will have nearly 400,000 sq ft of hangars
Word Count: 187
SR Aviation Infrastructure (SRAI)—a recently introduced subsidiary of real-estate investment firm SomeraRoad—has expanded its portfolio with the purchase of a major private aviation hangar complex at San Antonio International Airport (KSAT) in Texas from American Corporate Airport Partners.
The nearly nine-acre facility, built in 2020, features 125,000 sq ft of hangar space capable of sheltering the latest ultra-long-range business jets. It consists of seven hangars ranging from 12,000 to 15,000 sq ft and is fully occupied.
In November, the division launched with the purchase of the former Quail Air Center at Harry Reid International Airport in Las Vegas. Combined with its latest deal, this brings SR Aviation to nearly 400,000 sq ft of hangar space.
“The acquisition of the premier [KSAT] hangar complex is a proud moment for our team and the growing SR Aviation Infrastructure platform,” said SR president Jonathon Reeser, adding that the area represents a highly attractive expansion opportunity. “The hangars are the most recently developed and highest quality at the SAT airport and support the SRAI thesis of acquiring top-tier aviation infrastructure assets in strategic U.S. markets.”