With a successful record of revitalizing “tired” properties, we have made some very smart investments. Upgrading value-add assets in attractive markets can typically provide enhancement of both the property cash flow and the overall asset value. That can be a very smart investment. We offer qualified investors the opportunity to invest directly with us in such projects through private limited partnerships.
Direct Real Estate Investing
We are a private equity real estate investment and asset management firm focused on creating wealth for investors. We offer qualified investors opportunities to invest directly in revenue-producing real estate projects through a structure of Real Estate Limited Partnerships (RELPs).
M+H sources, then purchases select properties through debt instruments, and sells participations to qualified investors |
through Limited Partnership Units. M+H manages the properties with the goal of providing both annual cash distributions to its Unit holders from property income, as well as increased asset value through expert asset management that can translate into increased Unit value on future disposition of the properties.
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Focused on Value-Add Propositions in Growth Markets
Our acquisition focus is on mid-cap, value-add assets in regional growth markets. Under strict criteria, we typically identify projects with cash flows that can be grown, and with enhancement potential.
An Opportunistic Mandate
In a high valuation, low cap-rate environment, upgrading value-add projects may have more opportunity for increased value through both improved cash flow and asset enhancement. M+H is poised to exploit this opportunity as the experience of the executive team is not just in commercial real estate, but mostly in the value-add sector.
All levels of M+H projects remain under the strict control of the executive team; asset management, facility & property management, brokerage & leasing, and financing. We are a vertically integrated operation, allowing us to aggressively and efficiently manage our projects to deliver the full benefit of direct real estate ownership to our Unit holders.
Visionary Asset Management
Processes optimization Restructuring of leases Tenant mix and new leasing New and re-development Capital and reno programs New revenue streams Positioning & branding Project management |
Hands-On Facility and
Property Management Disciplined cost control Structural optimization Energy efficiency applications Operating systems optimization Risk management efficiencies Tenant support optimization |
In-House Brokerage
and Leasing Licensed broker on team allows for access & cost efficiencies on: Lease reviews and proposals Tenant repositioning Research and data acquisition Property marketing |
Professional real estate asset management is a complex and diverse discipline. Enhancement solutions must overcome intricate issues balancing the interests of owners, tenants, lenders and government authorities. Success requires a team with depth of knowledge in all real estate functions. We are such a team, and with all of those functions directed in-house, we have the advantage of cohesive strategic thinking and efficient application.
BRAD MCDONALD, MANAGING PARTNER
His experience with a leading national drug store chain, acquiring and relocating pharmacies across Central Canada, give him a keen understanding of real estate in regional markets. As an entrepreneur, he has built many successful businesses including his own chain of pharmacies, a Real Estate Development company and now in Real Estate Investment and Asset Management. His experience brings a keen knowledge for navigating the debt and equity markets, identify under-performing assets and re-enhancing their value and overall strategic management. |
DONALD HUGHES, MANAGING PARTNER
Since 1981, Don has focused on mandates of value enhancement for landlords and owners, through the combination of development, leasing and management. Recognized for his win-win strategic thinking, he has secured mandates (and coveted relationships) across all regions of Eastern Canada with most prominent Canadian retailers. A few of those are recognized below: |
JEAN DESCHENES, MANAGING PARTNER
Of his 30 years in CRE, 25 were centered on repositioning and redevelopment, spearheading the revitalization of large-scale projects through attention to all aspects and details of asset and tenant management. He is recognized for vision and perseverance in tackling complex, long-term projects, with a clear focus on enhancing value. |
GREGORY SILAS,
CFO An entrepreneurial CFO with 30 years of business, finance and accounting experience, specializing in companies in growth stage. He provides the particular value of project-based expertise which allows for the versatility and fleetness necessary to control accelerating growth conditions and an evolving regulatory environment. |
We are a young company quickly building momentum. Our projects to date include:
Pine Plaza, Sault Ste. Marie, Ontario
Recently purchased well-established community plaza located in a high-density residential neighborhood, grocery anchored by Food Basics. The Metro Inc. brand store has been present since 1985, consistently showing higher than average sales per square foot. Sizable recently cleared space offers a prized opportunity to exploit high convenience usage demographics. Planning is also underway for an end cap drive-thru opportunity.
Perth Mews, Town of Perth, Ontario
Value-add opportunity acquired early 2018, sold early 2022. A community-destination retail plaza with grocery anchor, the asset was identified as underrated, with strong value-add potential through securing major tenancies, optimizing the tenant mix to opportunities presented by growing and gentrifying local and outreach communities, and exploiting development opportunities. The plaza being situated on Highway 7, with an already high and still growing average traffic rate, it offered opportunity for retailers seeking immediate and regional reach. Results include new developments for Starbucks drive-thru, Subway, St-Louis Grill and A&W drive-thru. Tenancy national retailer representation increased to near 90%. Installation by Tesla of a Supercharging Station. Asset value increase through additional rental income and reduced capitalization rate provided investors with record returns for an M+H project.
Whitehorse Plaza, Community of Simcoe, Ontario
Value-add opportunity acquired early 2018, sold early 2022. A community retail plaza with a high vacancy rate, showing high traffic patterns. A grocer anchor committed to the location, as well as identified latent retailer interest supported the value-add opportunity. Most of the vacancy was quickly absorbed, and existing tenant confidence resulted in a number of renovations. Of particular note, Beer Store occupied with a retail and distribution space, and Tim’s and Pharmasave thoroughly renovated their locations. National retailer representation increased to over 85%. Asset value increase through additional rental income and reduced capitalization rate provided investors with record returns for an M+H project.
Rideau Town Centre, Kingston, Ontario
A well-established community destination plaza in the heart of Kingston’s Rideau community on the east bank of the Cataraqui River. Grocery-anchored, adjacent CFB Kingston. The community has expanded significantly in recent years with above-average demographics, creating an opportunity for new retail space. In 2021, we completed a 20,000 SF new retail building with anchor Dollarama. The new retail space is already near full occupancy. The plaza’s grocery anchor has since upgraded its brand, and existing tenants are vying for expansion space. A new bridge connection to the downtown Kingston side is due for completion by 2023, with bridge exit onto the plaza’s access street, adding increased access and reach for plaza retailers.
Loyalist Plaza, Amherstview, Ontario
Value add opportunity acquired late 2014, sold early 2021. Community centric destination shopping centre on the main thoroughfare through the growing western suburbs of Kingston, Ontario. Grocery anchored by Foodland, a Sobeys brand. Upgraded tenancies and modernized the tenant mix, and brought to shovel ready site plan approved an opportunity for a fast-food drive-thru on the main frontage. Asset value increase through additional rental income and reduced capitalization rate provided investors with substantial returns.
Queenston Road, Hamilton, Ontario
Redevelopment in a modernizing commercial trade zone on 2.5 acres of old car dealership needing remediation. Developed a 29,000 sf facility for Starsky’s Fine Foods with a long-term lease with returns enhanced through city remediation incentives. (with Sovereign Asset Management)
Raymond Street, Ottawa, Ontario
A value-add opportunity in Ottawa’s attractive Central Queensway area. This 16,750 sf office building was purchased with a new tenant in-hand, and continuing enhancement strategies are underway.
Bayfield Road, Barrie, Ontario
A parcel of 0.75 acre in a major commercial trade area across from the area’s pre-eminent shopping mall. Developed 4 CRUs for national retailers. Project since sold, achieving a 20+% Internal Rate of Return.