TORONTO, Jan. 11, 2017 /CNW/ - Hi-Rise Capital Ltd. ("Hi-Rise" or the "Company"), a mortgage broker and administrator focused on funding high quality real estate development projects in the Greater Toronto Area, is pleased to announce today that it has appointed Michael Kraft as Chief Executive Officer.
Mr. Kraft brings capital markets and mergers and acquisitions expertise to Hi-Rise from his distinguished career in investment banking. Throughout his career, Mr. Kraft has held progressively senior roles at leading financial institutions, including National Bank Financial, Citigroup and Dundee Capital Markets, where he most recently ran the Real Estate Group. While at Dundee, Mr. Kraft worked to originate, structure and execute corporate finance transactions having helped raise billions of dollars in public and private capital for real estate companies.
The addition of new leadership comes after a year of impressive growth for Hi-Rise. In 2016, the Company took on new real estate projects and added to the breadth of its team to better serve investors. Mr. Kraft will lead the team into 2017 as the Company aims to build on last year's success and expand its product and service offering.
"With a proven ability raising capital across institutional, retail and international investors, Mr. Kraft is a strong, business-minded executive, well-versed in the real estate investment space," stated Jim Neilas, Principal Broker at Hi-Rise. "Through his leadership, Hi-Rise will be able to accomplish more and perform better, delivering greater value for investors and positioning Hi-Rise as a leader in the industry."
"This is a very exciting time for Hi-Rise Capital," stated Mr. Kraft. "In 2017, our focus will be on significantly growing our assets under management and expanding our existing platform to offer new products and services. My primary objective is to ensure our team has the proper tools and guidance to accomplish these goals. I look forward to working with the Hi-Rise team to continue growing our capabilities and maximizing investor returns."
Mr. Kraft holds a Bachelor of Commerce degree from McGill University and a Master of Business Administration degree from Northwestern University's Kellogg School of Management, graduating in both instances with academic distinction.
About Hi-Rise Capital
Hi-Rise Capital Ltd. is a Toronto-based mortgage broker and administrator focused on funding high quality real estate development projects in the Greater Toronto Area. With a dedication to transparency, integrity and compliance, our in-house team of industry experts, from financial specialists to legal counsel, has successfully completed 19 projects with completed values over $100 million. Hi-Rise currently has three projects in developments: OpArt Lofts in Oakville, 40 Widmer and 263 Adelaide, both located in Downtown Toronto.
SOURCE Hi-Rise Capital Ltd.
For further information: Jason Riddle, Hi-Rise Capital Ltd., 416-865-3398 x 252, [email protected], www.hirisecapital.com; Fiona Grant Leydier, NATIONAL Public Relations, 416-848-9851, [email protected]