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In 2016, the company took a $749 million writedown, primarily relating to its Alberta office properties. [8] The company had significant exposure to the Alberta market as the result of the 2007 sale of its eastern Canadian properties to GE Capital; at one time, 60% of the company's properties were in Alberta. [9]
In 2013, Michael Waters, who is not part of the Greenberg family, became CEO. [7] In May 2018, Minto announced it would hold an IPO for its Canadian multi-residential properties. [8] The properties became part of a new entity, Minto Apartment Real Estate Investment Trust (REIT), which Minto Group continues to have a significant ownership stake in.
Altus Group went public in 2005, through the merger of three Canadian commercial real estate consultancies, one of which was led by its first CEO, Gary Yeoman. [6] Altus initially listed on the Toronto Stock Exchange as an income trust and subsequently converted into a corporation when the Canadian federal government implemented new taxes on trust distributions in 2011.
That represents a significant reduction from 2007, when commercial real estate accounted for 61% of Blackstone’s overall holdings. At that point, Blackstone started to slowly wind down its ...
A top real estate CEO is retiring after 50 years—and just weeks after he was accused of hiding millions in self dealings Alena Botros Updated November 12, 2024 at 4:35 PM
According to Statistics Canada, the Canadian median income w as $68,400 CAD in 2021, whereas in the same year, the US median income was $70,784 USD, according to the US Census. It doesn’t look ...
The Canadian Real Estate Association (CREA; French: L'Association Canadienne de l'Immeuble, ACI) is a trade association that represents real estate brokers, agents, and salespeople in Canada. [2] CREA's membership includes over 130,000 individuals, working through 90 real estate boards and associations across Canada. [2]
John D. Schiller Jr.'s Salary and Perks. In 2016, which was Schiller's last full year as president and CEO, he earned a base salary of $910,000, a $568,750 bonus, $1.5 million in nonequity ...