People Space: Core, CPP, WWC, Peerage recruit seniors | RENX
Core Development Group, based in Toronto, has appointed Faran Latafat president of its new single-family home rental subsidiary Avanew (SFR).
Latafat, who has over 15 years of experience in leadership roles, joined Core in 2018 as Executive Vice President to build a company focused on alternative income producing assets, through the Avanew platform.
In addition to being a pioneer in institutional investment in SFR in Canada, Latafat has played a decisive role in setting up the framework for an urban cohabitation model in shared accommodation.
Latafat will lead a team responsible for growth planning, underwriting, acquisition, asset development and stabilization of single family assets.
Avanew’s first SFR fund is fully committed and closed at the start of the year with $ 30 million in assets under management. The fund aims to grow assets under management of over $ 250 million over the next three years.
The vision is to be the pioneer of the SFR asset class in Canada and, under the leadership of Latafat, to aggregate the largest portfolio of high quality homes in the country.
Edgell promoted to RPC Investments
RPC Investments has promoted Andrew Edgell the Senior Managing Director and Global Head of Credit Investments, and a member of the management team.
Edgell will lead the Credit Investments department, responsible for CPP Investments’ public and private credit investments globally.
The team offers debt financing solutions across the entire credit structure, including term loans, investment grade and high yield bonds, mezzanine loans, structured products and other solutions for corporate clients. issuers in the corporate, real estate and consumer sectors.
It also invests in intellectual property with income streams guaranteed by royalties.
Edgell was previously Managing Director, Head of Structured Credit and Financial Services for the Americas, responsible for investments in structured credit and lower quality debt capital solutions for financial institutions, as well as investment strategy in intellectual property. During the last fiscal year, Edgell also served as Acting Head of Credit Strategy.
Edgell joined CPP Investments in 2008 as one of the first members of its then fledgling credit team. Credit investments have since increased to reach $ 41.9 billion in net investments as of December 31, 2020.
Edgell holds a Bachelor of Commerce in Finance and International Business from McGill University and is a Chartered Accountant and Chartered Business Valuator.
O’Neill joins Western Wealth Capital
Western Wealth Capital (WWC) has hired the former Head of Corporate Strategy for CBRE Western Canada, Ashley O’Neill, to the new position of Vice-President, Capital Markets. She joins the management team and will focus on raising capital from new and existing institutional and private investors.
O’Neill has carved out a unique career path over the past 15 years with experience spanning New York, Toronto and Vancouver in investment banking, corporate finance and commercial real estate.
She began her career in investment banking at Jefferies & Co. in New York, then worked as an institutional analyst at Phillips Hager & North before moving into commercial real estate.
Over the past decade, O’Neill has become a key member of the CBRE management team, becoming Senior Vice President, Corporate Strategy in Canada.
With oversight of CBRE’s platform operations, including research, marketing, public relations and information technology, O’Neill brings to WWC a diverse and integrated set of finance skills, strategic business development, asset management and operations.
Peerage appoints Bunker’s chief growth officer
Bunker Scott joined Peerage Realty as Director of Growth and President of Core Services. He will also be a partner of Peerage Capital.
Bunker left Boardwalk for Peerage and previously worked at CAPREIT, two of the largest multi-family REITs in Canada, where he held leadership roles in charge of incremental change and innovation.
A civil engineer with a degree from Queen’s University and an MBA from the Schulich School of Business, Bunker has extensive experience as an entrepreneurship, management and compensation consultant. He has also built a reputation for his transformative strategic and growth initiatives.
Bunker will be responsible for integrating a new standard for analysis, research and strategic insight, helping drive organic growth across all real estate businesses and leading the expansion of Peerage’s real estate services industry, including mortgage, title, insurance, escrow, property management, home improvements, rental, guarantee and apartment rental preparation.
JLL Adds Verno to National Research Director
JLL brought in Claudia Verno be its national director of research in Canada. Verno will focus on developing strategies to leverage data, thought leadership and technology for clients.
Verno has over 17 years of experience as an economist. She has a wide variety of skills including policy analysis, country risk assessment, macroeconomic forecasting, business, government and finance.
Prior to joining JLL, Verno led the Natural Disasters and Climate Change team in a trade association representing home, auto and business insurance companies in Canada. She led an economic team and oversaw all of the G7 economies and some of the largest emerging markets.
Verno holds a master’s degree in economics from McGill University and a bachelor’s degree in international economics from the University of Aix-Marseille.
Savills hires Edmonton office managers
Savills has hired Alex heintz as general manager of the company and Kyle bartkus as General Manager of its new Edmonton office. They join Lizotte et Associés Immobilier Inc., and will specialize in office and industrial rental and commercial sales.
Both have 20 years of combined sales and commercial leasing experience in the Alberta region. The team has executed transactions on behalf of companies such as Above and Beyond Compression, Allied Fitting Canada, Ampak, Bird Construction, HESCO, OK Tire, Parkland Fuel, The Brick and Wood Wyant Canada.
Heintz is a high-profile, long-term company having successfully completed over $ 200 million in transactions, totaling over two million square feet.
Bartkus focuses on both the industrial and investment markets. During his career, he signed over 1.2 million square feet of commercial leases, with values totaling over $ 125 million.
Meanwhile at Savills Calgary office, expert in tenant representation Steve berman was hired as general manager.
Joanis at the head of the APEQE
The Professional Association of Real Estate Brokers of Quebec has appointed Denis Joanis as president and chief executive officer.
During her career, Joanis has worked for various industry organizations, including the Outaouais Real Estate Board, the Quebec Federation of Real Estate Boards, Via Capitale and RE / MAX Quebec.
Joanis holds a bachelor’s degree in administration, a law degree from the University of Ottawa and an MBA specializing in real estate from UQAM’s School of Management Sciences.
Anand climbs to Starlight
Starlight Capital has promoted Varun Anand as Vice-President and Senior Portfolio Manager. Anand has spent the past two and a half years as a portfolio manager at Starlight.
Anand has over a decade of industry experience in a variety of roles. Prior to joining the firm, he was an Associate Portfolio Manager at CI Investments Inc. and also worked at Sentry Investments, Veritas Investment Research and Jones Collombin Investment Counsel Inc.
He holds a BA in Mathematics and Business Administration from the University of Waterloo and is a CFA.
History joins Sonder
Fiona’s story joined the Sonder hotel company as global communications manager.
With a journalism background and two decades of corporate communications experience, Story has led communications for several Canadian brands, including Fairstone (a major responsible lender), Duchesnay (a pharmaceutical company focused on women’s health) and Pages Yellow Canada.
Story, which is based in Montreal, will help guide Sonder’s communications as it grows. The company just announced its intention to go public later this year through a transaction with Gores Metropoulos II.