SR Aviation Infrastructure (SRAI), a subsidiary of New York and Nashville-based real estate investment firm SomeraRoad, has acquired a 125,000 sq ft business aviation property at San Antonio International Airport (SAT) in Texas. This acquisition marks SRAI's second transaction, following its purchase of the Quail Air Center at Harry Reid Las Vegas International Airport in Nevada.

Developed in 2020 on 8.9 acres, the Class A property comprises seven hangars ranging from 12,000 to 15,000 sq ft, all fully leased. SRAI assumed operations immediately upon closing.

President Jonathon Reeser says: "The acquisition of the premier San Antonio International Airport hangar complex is a proud moment for our team and the growing SR Aviation Infrastructure platform. 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. San Antonio International Airport and the surrounding market present a highly attractive opportunity for our investment platform and its expansion. We're eager to pursue our continued growth."

The SAT site offers 28-foot hangar doors and direct runway access suitable for heavy jets. It benefits from the City of San Antonio’s ongoing $1.4 billion investment to upgrade runways and the commercial terminal, reflecting a commitment to growth and enhanced transportation infrastructure.

Senior advisor Monte Koch adds: "The SAT hangar complex opportunity stood out to our team as an opportunity characterised by strong tenants who have long-term, mission-critical needs for being at the newest, most up-to-date facilities on the field. We expect that SAT will be a highly accretive addition to SRAI and we look forward to taking over operations and continuing the strong momentum."

SRAI focuses on the acquisition, development and leasing of aviation-related real estate, including hangar space for based aircraft, FBOs, MROs, flight schools and charter and management companies across the United States. The platform aims to address the existing supply and demand imbalance in the aviation real estate sector by building an institutional-scale, diversified portfolio of high-quality aviation assets.