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Quebec  + Canada + Cross Border News + Ontario  + Industrial  | 
Epic Investment Services and Woodbourne Capital Management have acquired a Montreal industrial portfolio in an off-market deal.

Epic, Woodbourne Acquire Montreal Industrial Portfolio from Kingsett

Epic Investment Services and Woodbourne Capital Management have acquired a Montreal industrial portfolio in an off-market deal, the companies announced.

Epic and Woodbourne said in a news release that the transaction has closed. The small-bay portfolio spans approximately 315,000 square feet and is located in the borough of Saint-Laurent.

Toronto-based Epic and Boulder, Colo.-based Woodbourne did not identify the seller or disclose the purchase price. But Scott Speirs, vice-chairman and practice lead for CBRE’s national investment team in Montreal, identified institutional investment giant Kingsett Capital as the seller. CBRE represented Kingsett in the transaction.

According to a published report, Kingsett paid $66.5 million for the portfolio, which was built in the 1970s. Epic and Woobourne said the property has a 95% occupancy rate.

The asset is the second Montreal industrial portfolio that the Canadian and American companies have acquired together. The deal marks Epic and Woodbourne’s fifth joint acquisition as part of a small-bay industrial investment strategy.

“The acquisition of this industrial portfolio in Montreal reflects Epic’s commitment to executing on our clients’ investment goals across all asset classes and markets,” said Aaron Moore, Epic’s senior vice-president of Investments.

Epic provides asset, investment and property management services to institutional and high-net-worth investors as well as wealth managers. The company has operated in Quebec since 2007.

Although Woodbourne is headquartered in Boulder, the company invests in Canada through a wholly-owned Canadian subsidiary based in Toronto. Woodbourne owns, operates and develops apartments, seniors’ housing, student housing, self-storage and other real estate assets located predominantly in major markets across Canada.

Photo: Courtesy of Epic Investment Services


Inside The Story

Aaron MooreWoodbourne

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Sale/Acquisition
  • ◦Development
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