Investors

At Crown, we specialize in identifying undervalued real estate assets and optimizing every detail to maximize their value. Our investors benefit from an alignment of interests as we invest our own capital alongside theirs.

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Approach

Crown is committed to generating exceptional returns for investors while providing quality premises and excellent service to businesses that choose to operate within our buildings. The partners of Crown commit to co-invest with its investors through a diverse set of investment vehicles, including co-ownerships, partnerships and limited partnership funds.

Effective Deal Sourcing

Effective Deal Sourcing

In-depth market knowledge and industry contacts

Due Diligence

Due Diligence

Disciplined and thorough due diligence

Strategic

Strategic

Responsive asset and portfolio management strategies

Innovative Thinking

Innovative Thinking

Original leasing and marketing plans

Resourceful

Resourceful

Harvesting alternative revenue streams

Custom Solutions

Custom Solutions

Tailor-made financing strategies

Reporting

Reporting

Timely and accurate reporting on an IFRS (or other standard accounting) basis

Returns

Returns

Our goal is to provide maximum risk-adjusted returns to investors

Funds

Crown brings a blend of competence and experience to each investment. Together, the team is a cross-section of seasoned professionals and young, energetic talent that possess capital market experience, transaction expertise and strong relationships in the finance and real estate communities.

Crown Realty Limited Partnership
(CR LP)

Created 2006
$74 million of equity
$188 million of assets
Net IRR of 16.3%

Crown Realty II Limited Partnership
(CR II LP)

Created 2009
$142 million of equity
$260 million of assets
Net IRR of 20.8%

cr iii lp

Crown Realty III Limited Partnership
(CR III LP)

Created 2013
$165.5 million of equity
$410 million of assets
Fully invested
Value creation underway

Crown Realty IV Limited Partnership
(CR IV LP)

Created 2017
$234 million of equity
Two investments to date;
504,000 sq. ft.
Open for investments

Crown Realty II Core Fund
(CORE)

Created 2015
$335 million of assets*

Performance

Crown strives to create a smarter, more integrated, more responsible model for commercial real estate investing and management.

Repositioning To Best-In-Class

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Address: 575, 600, & 675 Cochrane Drive, Markham

Strategy: Acquire three separately-titled parcels as a portfolio and divest of assets individually; increase cash flow through escalating rental rates; lease-up existing vacancies

Results: Successfully sold two of the three assets maximizing IRR of the overall investment; continuing to reposition the remaining 380,000 sq. ft. office complex to ensure best-in-class status.

Brand Repositioning

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Address: 901 King Street West, Toronto

Strategy: Re-brand and re-position a building that previously appealed to back office tenants.

Results: Attracted a more diverse tenant mix including creative production, media and architecture firms; achieved LEED Silver Certification; improved base rents by 50%; achieved IRR of 20.5%.
Hear from Deluxe Entertainment.

Sale-Leaseback

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Address: Middlegate Campus, Mississauga

Strategy: Acquire office campus and lease back a portion to the owner; launch leasing program for remainder of office building; retrofit industrial building to create flex office; server the site and divest of various components to maximize value on sale.

Results: Successfully re-positioned and leased the main office building and new flex office component to a strong tenant roster; achieved overall occupancy rate of 95%; sold one of the parcels and severed the remaining parcels to facilitate successful disposition in 2018.
Watch the transformation.

Strategic Capital Program

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Address: 400 University Avenue, Toronto

Strategy: Large scale capital and leasing program after departure of anchor tenant.

Results: Successfully repositioned and leased the building to a diverse mix of tenants at higher rents; achieved committed occupancy rate of 99%; achieved IRR of 29.0%.

Adding Value Through Intensification

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Address: 90 Sheppard Avenue East

Strategy: Acquire office property with the capacity for additional density through a re-zoning process.

Results: Identified opportunity to intensify the site with additional residential condominium density; sold excess land in addition to a portion of the parking lot to a condominium developer; enhanced the existing parking garage to provide better parking ratios for office tenants.

Joining Forces for Success

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Address: 11, 15, 19 & 27 Allstate Parkway

Strategy: Crown acquired Allstate Corporate Centre in a joint venture partnership with another real estate investment management company in 2016. Commanding an outstanding address at Highway 7 and the Highway 404 interchange the campus is recognizable by its distinctive central square and global tenant base including Allstate Insurance, Huawei, Oracle, Grant Thornton and more. Crown’s plan is to revitalize this campus and execute a strategic capital plan to restore the campus to a ‘best in class’ standard in the market.
View the campus.