A major merger of two asset management giants has yielded a new office, retail, industrial, and multi-family residential real estate platform spanning all of North America.
The union of Epic Investment Services and MDC Group – which first partnered with each other back in 2008 – represents more than $16.5B and approximately 35 million square feet of commercial assets under management across the continent.
The merged entity will be operating in Canada under the unchanged name of Epic Investment Services, headquartered in Toronto as well as more sub-locations in Ottawa, Vancouver, Montreal, Calgary, and Edmonton.
Serving as co-chief executive officers will be Epic’s former COO Craig Coleman and MDC’s owner/president Jeff Kohn.
“We'll be able to provide our clients with the same quality but across all service offerings – right from asset acquisition to management, from development to disposition – with dedicated experts in each service line,” Coleman noted.
“A bigger platform means real change and the opportunity that comes with it – in this case, on both sides of the border,” Kohn added. “Our goal is to attract capital from Canada and the USA. It’s this kind of strategic growth that will enable Epic to become one of the top value-creation real estate advisors in North America.”