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Partnerships

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Ashlar Urban Realty Story

The vision for Smycorp is heavily influenced by Craig Smith's venture of Ashlar Urban Realty.  Founded in 1999, Ashlar Urban Realty was originally set up in a partnership with the SNC Lavalin to provide support to the facility management company/Profac (subsequently SNC facility management). Ashlar became fully independent in 2004 and pursued an urban commercial brokerage platform based in Toronto.  Because of its dominance within the urban centre and B class office leasing/sales,  Ashlar was much admired and imitated.  Eventually, it grew to a team of 50 and was successfully acquired by Cushman & Wakefield in 2017 - a move widely considered to be the most accretive acquisition by Cushman & Wakefield in Canada to date. 

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Skye Trillium Debt Fund

Skye Trillium, set up as a partnership in 2008, successfully raised close to 50 million dollars of capital and deployed it to take advantage of the then financial crisis through the purchase of discounted Canadian CMBS notes from major American institutions which resulted in very significant IRR/profits for the investors. â€‹â€‹

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CHC Student Housing Fund

CHC was the first institutional structured acquisitor and builder of purpose built student housing in Canada.  Having raised close to 200 million in 2012, CHC acquired 9 buildings leading to a successful exit in 2018. 

 

In the private LP, CHC had 4 properties with over 2,000 beds with an acquisition price of approx. $165,000,000. In the first student housing public company in Canada, CHC had another 4 properties with approximately 800 beds at an acquisition price of approximately $70,000,000. Investors in the LP received an attractive return. 

 

The Public company was wound down and sold after the sale of the larger limited partnership.​

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