Canada
People & Companies News for Week Ending September 6, 2024
- Alignvest Student Housing REIT has appointed Greg Kalil and William Young to its board, effective immediately. Kalil is the founder and managing partner of Stormont Partners, a Toronto-based merchant bank with a strong focus on emerging alternatives in real assets. He has three decades of experience in real estate, infrastructure and renewable power investment and investment banking. Before founding Stormont, Kalil spent 12 years as a managing partner at Brookfield Financial, the investment banking arm of Brookfield Asset Management. Young chairs the boards of Montreal-based global engineering firm AtkinsRéalis, insurance firm Intact Financial Corporation and the Canadian Institute for Advanced Research. He as served as Queen’s University’s chairman emeritus since 2012 is a former board chair. He previously chaired the board at Aurora, Ont.-based global auto parts manufacturer Magna International. He has also served on, and chaired, many other boards during the past two decades. In addition, he was a founding partner of business turnaround specialist Westbourne Management Group and co-founded Boston-based private-equity firm Monitor Clipper Partners.
- USask Properties Investment has named Brad Zurevinski as the company’s iaugural president and CEO. He will oversee the growth of USask Properties, the University of Saskatchewan’s new, independent real estate development company, which has 1,000 acres of prime university endowment land in its portfolio. He graduated from the University of Saskatchewan with an engineering degree and is an accredited engineer. Throughout his career, he has been involved in the infrastructure planning and development of many major Saskatoon neighbourhoods, including 3,500 residential lots and more than 100 acres of multi-family and commercial lands. He had served as general manager for Dream Development in Saskatoon since 2013. Before moving to Dream, he served as the Stantec’s managing leader of urban development in Saskatoon. Zurevinski is the incoming president of the Saskatoon & Region Home Builders’ Association.
- Peter Wall has been appointed to Wall Financial’s board. He is the Vancouver’s based company’s founder and controlling shareholder. Wall Financial is active in the development and management of residential and commercial rental units, development and construction of residential housing for resale, and the development and management of hotel properties. The board is now set at seven members, said the company.
- Belinda Stronach will continue to lead Stronach Group now that a lawsuit has been settled. She will chair the board and serve as president and CEO, overseeing the company’s thoroughbred horseracing, gaming, content, media, entertainment, real estate and related assets. The settlement ends a dispute between Stronach, some of her family members, the estate of her late mother Elfriede Stronach and other parties regarding alleged mismanagement of trusts holding the family’s assets.
- Brian Ramjattan, David Pappin, Drew Koivu, and Andrea Morwick have resigned from NexLiving’s board following the company’s combination with Devcore. Their departures come after NexLiving completed its acquisition of a 16-property rmulti-family portfolio in Ontario and Quebec from Devcore and a related Canadian numbered company for $224 million in cash and debt. As part of the deal, Devcore and the numbered company acquired a 49% stake in NexLiving; in addition, Jeffrey York and Jean-Pierre Poulin became controlling shareholders of NexLiving through the numbered company. York will chair the board and Rick Turner has been appointed vice-chairman after previously chairing it. Poulin, Devcore’s founder and CEO, has also assumed a NexLiving board seat, along with CEO Stavro Stathonikos, Michael Anaka, Bill Hennessey, and Francis Pomerleau.
- Cadillac Fairview has appointed Marco Ding as executive vice-president of investments. Ding supervises Toronto-based CF’s real estate investments across Canada. He moved to CF from the Canada Pension Plan Investment Board, where he was a founding member of the organization’s real estate program and most recently served as the head of Canadian and South American properties. Prior to spending 18 years with CPPIB, he worked as an analyst in the real estate investment banking group at TD Securities. He has more than 20 years of investment experience in Canada and internationally.
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