TORONTO, May 6, 2019 /CNW/ - Epic Investment Services and MDC Group announced today that they have merged to become a fully integrated North American real estate platform. Their consolidated portfolio comprises over $16.5B and 35M square feet of assets under management in office, retail, industrial and multi-family residential classes extending across Canada and the USA.
The newly formed company combines Epic's property and asset management expertise with MDC's transactional acumen and development management experience. Operating in Canada as Epic Investment Services and in the USA as MDC Realty Advisors, the platform is positioned to build on the opportunities that come with a larger operational footprint, providing a full suite of services to generate greater long-term value for our clients and partners throughout the real estate life cycle
A highly experienced and well-structured executive team is in place to lead this platform forward. Epic's former COO, Craig Coleman, and MDC's owner and President, Jeff Kohn, will be Co-Chief Executive Officers. Laetitia Pacaud, MDC's former EVP of Business Development, will step into the role of Chief Operating Officer.
"A bigger platform means real change and the opportunity that comes with it – in this case, on both sides of the border," said Jeff Kohn, Co-Chief Executive Officer. "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."
Epic will provide enhanced and institutional-quality deliverables, such as leading-edge technology and sustainability initiatives. The expansion also means more investment potential, increased market presence and, importantly, a dedicated US platform that offers clients extensive cross-border opportunities for growth.
"Epic today is known for being agile, and for providing institutional-quality best-in-class services in property and asset management. Now 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," said Craig Coleman, Co-Chief Executive Officer.
Epic and MDC first partnered in 2008 to have greater reach in the Western Canada market. This official merger is a natural progression of two entities poised for growth. This change sees the departure of Epic's founding partners, Stuart Smith and Gordon Thompson. They're confident in Epic's new executive leadership and the new platform that offers tremendous growth potential for clients, employees and the company.
Across Canada and the USA, Epic will employ 165 experienced real estate professionals with operating offices in Montreal, Ottawa, Toronto, Calgary, Edmonton and Vancouver within Canada, and in Denver, Phoenix and Chicago in the USA. Epic's Canadian head office is located in Toronto.
ABOUT EPIC INVESTMENT SERVICES
Epic Investment Services, which includes its wholly owned subsidiary MDC Realty Advisors in the United States, is a fully integrated North American real estate platform. Headquartered in Toronto, Canada, and operating from offices in Canada and the United States, Epic has over $16.5 billion in assets under management. Epic's portfolio comprises over 35 million square feet of office, retail, industrial and multi-family residential properties.
SOURCE Epic Investment Services
For further information: For media inquiries: Laetitia Pacaud, Chief Operating Officer, email@example.com, 647-242-7417