Kingsett Capital’s Jon Love will relinquish his CEO role and become the company’s executive chair in January.
Love founded Toronto-based Kingsett in 2002. The commercial real estate investment company has about $17 billion in assets under management within a portfolio valued at approximately $19 billion.
Love has earned many honours for his success in the real estate industry, including membership in the Order of Canada in 2018.
As majority owner, he will maintain oversight and responsibility for the company, Kingsett announced Monday. Rob Kumer will be promoted to CEO from his chief investment officer post and continue to chair the firm’s investment committee.
Kumer has worked for Kingsett since 2004, when he started out as an analyst. Colin Baryliuk will join the investment committee and assume Kumer’s CIO duties.
Baryliuk currently heads the company’s property investments group. He has been with Kingsett since 2018.
Scott Coates will be promoted to president of Kingsett’s mortgage arm. Coates joined Kingsett in 2006
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.