What We Do
Smycorp is an entrepreneurial real estate investment company. We buy, improve and manage commercial real estate across office, retail and mixed-use, residential, and land and development.
01
Acquisition
Returns are made on the buy. We acquire well-located assets across downtown Toronto and the GTA at a basis that makes money from day one. We look for buildings with fixable problems, deferred decisions, or rezoning and repurposing upside, often in situations most buyers can't or won't touch: neglected ownership, estate and partnership resolutions, and deals that fall outside institutional criteria.
Many of our acquisitions come from corporate and institutional owners, including CN Rail, the Canadian Red Cross and the Bank of Montreal, whose dispositions rarely reach the open market. They come to us through long-standing relationships in this city.
02
Value Creation
Buying well creates the opportunity. Repositioning turns it into profit through new tenancies, new uses, new capital structures and physical restoration. Whatever form the work takes, the objective is the same: force the value rather than wait for the market to deliver it.
And we sell when the work is done, not when we have to. Craig has sold billions of dollars of assets over his career in Toronto real estate and, as a former principal owner of Ashlar Urban Realty, has deep relationships across the market. On our own transactions, we always engage third-party advisors to keep interests clean.
03
Asset Management & Leasing
We manage our portfolio in-house: repositioning tenancies, reletting vacant space and directing capital programs, from converting character buildings to brick and beam office to repositioning ground-floor retail. For tenants, that means an owner who knows the building and decides quickly. For partners, it means the business plan is carried out by the people who wrote it. Development is ongoing at the Carp Airport District in Ottawa and on an entitled infill site in Waterloo.
04
Capital Arrangement
We structure the vehicles that give our partners access to these returns, from co-ownership of individual assets to operating platforms and credit strategies. Smycorp has raised more than $200 million of equity and syndicated close to $500 million of assets across more than a dozen joint ventures. We co-invest in every transaction and do not typically charge asset management fees.