Leading investor, developer and asset manager. Trusted partner.
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REAL ESTATE
PRIVATE EQUITY
INFRASTRUCTURE
Leading investor,
developer and asset manager.
Trusted partner.
1 FENGATE | Real Estate
The Fengate
advantage
Fengate is a leading alternative investment manager
focused on infrastructure, private equity and
real estate strategies.
With offices in Toronto and Oakville, Ontario, and
Houston, Texas, Fengate has a proven track record of
successful projects and results-driven partnerships,
establishing the firm as one of the most active real
asset investors in North America.
The firm has been recognized as one of “Canada’s Best
Managed Companies” since 2007.
Highlights
150+
Executed Transactions
$
4.5 billion
Total Equity
Commitments
$
20+ billion
Total Asset Value
150+
Professionals
75+ Real Estate Properties
and Investments
2 FENGATE | Real Estate 3
FENGATE Fengate Oakville Office
REAL ESTATE $9B+ 2275 Upper Middle Road East, Oakville
Completed Value
of Portfolio
Since 1974, and with 20 years of experience
managing institutional/pension plan capital,
$4B+
Fengate Real Estate has been successfully
developing and managing real estate assets
across multiple asset classes and the risk-return Value Under
spectrum. Development
Our multi-disciplinary team is comprised of more
than 40 real estate professionals with decades
of experience from across the industry, enabling
us to offer our clients a comprehensive and
integrated platform providing best-in-class asset 15
and investment management along with robust Current Development
development capabilities. Projects
We are focused on delivering exceptional value-
add to our investors through our disciplined
approach to sourcing, developing and managing
unique opportunities in the following strategies:
Land Entitlement, Build-to-Core, Core, and 10,000
Opportunistic. We manage transactions on behalf New Units Over
of our clients through the entire lifecycle of real Ten Years
estate; from land entitlement, development and
stabilization to ongoing asset management.
$3.7B
Development Track
Record
4 FENGATE | Real Estate 5
INVESTMENT Oakwest Corporate Center
567 Michigan Drive, Oakville
STRATEGY
Land Entitlement
• Acquire land, existing buildings or land
assemblies to entitle or change entitlements.
• Focused on both industrial and residential.
Build-to-Core
• Develop high-quality assets to hold as long-term,
income-producing properties.
• Our successful track record includes retirement
living, hospitality, and luxury resort community
sectors.
Core
• Invest and manage portfolio of stabilized
income-producing properties with long-term,
stable cashflows.
• Includes both commercial and residential asset
classes, specifically industrial, office, retail and
purpose-built residential.
Opportunistic
• Development or redevelopment of
self-liquidating real estate assets (e.g.,
condominiums).
• Enhances returns and provides flexibility in large
residential developments.
6 FENGATE | Real Estate 7
IMPACT Seasons Retirement Communities
Multiple locations across Ontario and Alberta, Canada
INVESTING
At Fengate, we understand that growing our
communities is fundamental. Our commitment to
environmental sustainability, social responsibility
and corporate governance defines great
stewardship across our firm, our stakeholders and
their property investments, and the communities
we work in, creating the foundation for better
informed decisions for the long-term horizon.
Our portfolio across office, retail industrial,
multi-family, student housing, and retirement
communities reflects this commitment.
The Fengate Real Estate team understands
our work is about not only buildings and land,
but about people, neighbourhoods, vibrant
communities, and sustainability. Through our
integrated investment platform and in close
alignment with our investors, we work hard to
address and bring our vision to senior housing
needs; purpose-built, transit-oriented rental
housing needs; student housing needs; and the
critical importance of progressive environmental
and social impact with investments.
Fengate’s Mission Statement:
we deliver excellent investment results and
fulfill lives through the impact of our work.
8 FENGATE | Real Estate 9
IN-HOUSE Concorde Gate
1 Concorde Gate, Toronto, Ontario
ASSET MANAGEMENT
Through our comprehensive and integrated
platform, the Fengate Real Estate team
manages transactions through the entire
lifecycle of real estate; from land entitlement,
development and stabilization to ongoing
active asset management.
Once an asset is stabilized, our in-house asset
management team is focused on proactive
leasing, detailed performance tracking, and
determination of the highest and best use
strategies. On an ongoing basis, the Fengate
Real Estate team is strategically reviewing the
management of revenue and expenses of the
real estate portfolio, analyzing performance,
and identifying opportunities for growth.
Fengate has managed more than 75 real
estate properties and investments, to date,
with a project value of more than $9 billion, of
which $7.3 billion is under active development
or undergoing stabilization. Our ability to
manage real estate investments from land
entitlement and development to ongoing asset
management, and the longevity and depth
of the Fengate Real Estate team’s experience,
have resulted in our long history of delivering
excellent investment results.
10 FENGATE | Real Estate 11
YOUR KEY
REAL ESTATE CONTACTS
Jaime McKenna John Bartkiw Colin Catherwood Scott Caverley
Managing Director, Managing Director, Senior Vice President, Senior Vice President,
Group Head of Real Estate Head of Real Estate Investments Leasing and Asset
Investments Management
Suzi Halfpenny Andrew Konev Dinesh Ramanathan Adam Forgione
Senior Vice President, Senior Vice President, Vice President, Vice President,
Finance Development Legal Real Estate
Bradley Palmer Greg Rook Corey Shepherd Anthony Staffieri
Vice President, Vice President, Vice President, Vice President,
The Fengate Real Estate team comprises more than 40 Real Estate Finance Real Estate Real Estate
experienced and driven professionals with deep expertise
across our investment, development, leasing, asset
management, operations and finance divisions. The vertical
integration of our team enhances our ability to source,
structure and manage high quality projects across a range
of asset classes. Louis Serafini Sr. Janine Dobson Rachna Morgado
Founder of Fengate, Director, Director,
Director, Real Estate Leasing Property Management
12 FENGATE | Real Estate 13
Fengate manages an investment of 70.5
acres of land in Vaughan, Ontario, which has
been leased to Walmart Canada for a state-
DISTRIBUTION CENTER of-the-art distribution centre that will set a
new industry standard. As part of the 30-year
lease with Walmart, the co-owners will build
the 82-foot clear height facility incorporating
next-generation technology, with Walmart
providing the internal automation systems.
Construction is now underway for the
new 550,000 SF facility located at Jane St.
and Teston Road and the centre will be
operational in 2024. It will handle the highest
volume of any Canadian Walmart facility with
over 70 million cases of products from over
3,000 suppliers annually, providing omni-
channel capability to supply both the store
and e-commerce networks.
WALMART
DEVELOPMENT | Vaughan, Ontario
14 FENGATE | Real Estate 15
Fengate has partnered with Regional Group
PURPOSE-BUILT RENTAL
to develop purpose-built rental apartments
in Ottawa, a high-need housing option in
GREYSTONE VILLAGE
the region. The two buildings will be located
at the entrance to Regional Group’s master-
planned waterfront community, Greystone
Village, and will provide ground retail and 245
units of high-quality rental housing. When
complete, Regional Group will be managing
the properties on behalf of the investors.
Building amenities will include roof-top
terraces with gardens and dog areas, fitness
facilities, state-of-the-art building security
and mail rooms, underground vehicle and
bike parking, storage, and gathering areas.
Greystone Village is Regional Group’s LEED®
ND master-planned community of over 1,000
homes. It is located between the Rideau
DEVELOPMENT | Ottawa, Ontario
Canal and Rideau River, and is within walking
distance to trails, parks, the new Ottawa LRT
(Lees Station), and Lansdowne Park.
16 FENGATE | Real Estate 17
Fengate is the majority equity investor in
1926 Lakeshore Ave. West, marketed as
the Mirabella, a $425 million residential
development in Toronto’s west end, featuring
excellent access to transit and Lake Ontario,
and views over High Park, the city’s largest
greenspace. The two 38-storey luxury
condominium towers are built in partnership
with Diamante, a renowned developer, and
will feature over 700 units over two phases
including premium amenities, retail space
and more than 700 parking stalls. Toronto
is the largest city in Canada and demand
for this location and luxury is high.
MIRABELLA
DEVELOPMENT | Toronto, Ontario
CONDOS
18 FENGATE | Real Estate 19Fengate partnered with Shiplake Properties
PURPOSE-BUILT RENTAL
and Collecdev Inc., highly reputable
residential developers and community
builders, to develop two new high-density
residential properties in Toronto.
The combined residential complex offers
a mix of condominium and purpose-built
rental apartments, each with a component
contributing to Toronto’s Open Door
Affordable Housing Program that was
established to accelerate affordable
housing construction.
TIPPETT ROAD
DEVELOPMENT | Toronto, Ontario
20 FENGATE | Real Estate 21In early 2020, Fengate and Freed
Developments partnered in a joint acquisition
of a significant 5.4-acre, transit-oriented
and mixed-use site with development
175 WYNFORD DRIVE
entitlements in Toronto. The site is
conveniently located at the intersection
of the Don Valley Parkway (DVP) and Eglinton
Avenue East, with direct pedestrian access
to the Eglinton Crosstown LRT, which is
scheduled for completion in 2021 and will
provide efficient access to the downtown core
and surrounding areas via connections to the
Toronto Transit Commission and GO Transit
system.
The site provides vehicular access to Highway
401, the DVP and Gardiner Expressway.
Development planning includes a new
MIXED-USE
DEVELOPMENT | Oakville, Ontario
hotel, numerous high-rise multi-residential
buildings adjacent to the hotel, retail
and commercial space, dedicated indoor
community space, expanded access to green
space, and transit/pedestrian-oriented
design.
22 FENGATE | Real Estate 231213 International Boulevard comprises
1213 INTERNATIONAL BLVD
11.24 acres in Burlington, Ontario. Located
in an established business park, the site
offers quick access to key amenities as well
as Highway 403 and QEW interchanges and
is accessible by public transit. Fengate
is developing the Bronte Creek Corporate
Centre onsite, a newly built, modern 229,000
SF warehouse facility featuring a 36’ clear
height with high door ratio and LED lighting.
The facility will provide an efficient building
configuration for a racked warehouse
environment and the ability to divide
down to approximately 70,000 SF or larger
configurations. This highly-functional and
efficient construction will come to market in
Q2 2022.
DEVELOPMENT | Burlington, Ontario
INDUSTRIAL
24 FENGATE | Real Estate 25In late 2020, Fengate made an 100%
PURPOSE-BUILT RENTAL acquisition of a six-parcel land assembly
in downtown Toronto and will develop a
purpose-built rental building, featuring
approximately 350 residential units. This is
a transitioning urban community, and the
development will be adjacent to a new transit
hub and expanding amenities. Fengate’s
forthcoming development will help meet
the critical need for purpose-built rental
supply in Toronto as home ownership costs
throughout the urban core and Southern
LOCUST AVENUE
Ontario continue to expand.
DEVELOPMENT | Toronto, Ontario
26 FENGATE | Real Estate 27Virgin Hotels Las Vegas is a completely
reimagined and revitalized casino resort,
replacing the Hard Rock Hotel and Casino
which was acquired by Fengate, on behalf
of the LiUNA Pension Fund of Central and
Eastern Canada, and partners in March 2018.
Officially open to the public on March 25,
HOTEL AND CASINO
2021, Virgin Hotels Las Vegas delivers a one-
of-a-kind integrated resort experience with
1,500 chambers and suites; the 60,000 SF
Mohegan Sun Casino which is the first Native
American casino in the Las Vegas Strip area;
a five-acre desert pool oasis including a
VIRGIN HOTELS
multi-functional event lawn; an exclusive
portfolio of twelve food and beverage venues,
and signature Virgin Hotels restaurants and
bars including The Kitchen at Commons Club,
DEVELOPMENT | Las Vegas, Nevada
The Bar at Commons Club, The Shag Room
and Funny Library Coffee Shop.
28 FENGATE | Real Estate 29DIVESTED DEVELOPMENT
Fengate was the majority equity investor
in the Taunton Apartments, a twelve-storey
$114 million residential development in
uptown Oakville, Ontario. The Taunton
was designed to address the wide gap in
the region for luxury purpose-built rentals,
with 286 sophisticated multifamily units
complete with top tier amenities and 13,000
SF of ground floor retail and services. The
development is within walking distance to
the heart of downtown, transit options, parks
and walking trails. This asset was sold in early
THE TAUNTON
2020.
REALIZED INVESTMENT | Oakville, Ontario
30 FENGATE | Real Estate 31Fengate joined the founding partners
behind Friday Harbour Resort as a strategic
financial partner in this high-profile project.
Friday Harbour is Canada’s award-winning
mixed-use development located on the
shores of Lake Simcoe. Designed as a luxury
resort community, it has become a leading
destination for people seeking to combine
the beauty of lakeside living with the service
of an all-season waterfront resort and the
amenities of an urban community. Spread
over 600 acres, the project includes North
America’s largest inland marina, 3,000
residential units including a luxury hotel,
the Nest golf course, beach club, a 200-acre
nature preserve and more than 46,000 SF of
retail.
DEVELOPMENT | Innisfil, Ontario
HARBOUR
FRIDAY
32 FENGATE | Real Estate 33*All values presented in this brochure are in Canadian dollars. “Fengate” refers to the Fengate group of companies which is comprised of Fengate Capital Management Ltd., its affiliated entities and the funds or other investment vehicles that they manage. Fengate has produced this information brochure (the “brochure”) for informational purposes only. The information contained in the brochure (the “Information”) is believed to be accurate at the time of publication of the brochure; however, Fengate does not guarantee or warrant or make any representations concerning the quality, suitability, accuracy completeness or timeliness of the information contained in the brochure. This brochure and the information contained within it does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. In no event will Fengate be liable to any party for any claim or any direct, indirect, exemplary, incidental, punitive, special or other consequential damages arising out of information available in the brochure. Fengate is a trade name of Fengate Corporation. All other trade names, trademarks, service marks or logos found in this brochure are owned by their respective owners. © 2019-2021 Serafini Holdings Corporation. All rights reserved. Designed and produced by Fengate. 2021.04.15 Toronto | Houston | Oakville info@fengate.com fengate.com 34 FENGATE | Real Estate
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