Montez Corporation, incorporated in 2002, is an investment organization specializing in pension fund real estate investment management. It is an asset and investment advisor that sources, acquires and manages real estate investments in Canada.
Its clients include a number of government pension funds as well as the funds from a number of government agencies and crown corporations. Montez also manages investments for the pension plans of several Fortune 500 companies.
Over the past 15 years, Montez has created 8 funds and 2 special purpose funds. Montez currently asset manages over 10 million sf and approximately $3.5 billion of real estate. The two primary focus areas are income / value-add opportunities and development projects. Asset class focus is retail, office, industrial, mixed-use and the development and construction of those asset classes.
Montez Retail Fund Inc. is a fully vested, closed-end fund, capitalized at $125 million of equity, and is focused on acquiring Class A shopping centers in regional communities outside the major metropolitan areas of Canada. The fund has successfully acquired seven assets, representing approximately 2 million sf of retail space. The fund has also sold 3 assets representing 700,000 sf.
Montez Fund II Limited Partnership, a closed-end fund capitalized at $111 million of equity, is focused on acquiring, servicing and developing industrial, office and retail properties on land acquired in co-ownership with local developers. The fund is currently invested in seven projects across Canada, representing 320 acres of zoned/serviced land and 2 million sf of industrial and retail space. It is commencing its wind down phase and has disposed of two completed projects.
Montez Core Income Fund Limited Partnership, capitalized at $350 million of equity, is focused on the acquisition and expansion of core income properties; specifically dominant regional shopping centers. It is a fully vested closed-end fund. The fund has successfully acquired four assets, representing approximately 2.4 million sf of retail assets.
Montez Fund III Limited Partnership, is capitalized at $377 million of equity and is focused on developing industrial, office, retail and mixed-use core income properties in large urban markets. The fund has successfully invested in large scale development and construction joint ventures with local and national developers across Canada, representing 1.7 million sf of commercial, retail and industrial projects, and continues to seek further opportunities.
Montez Office Fund I Inc., is capitalized at $130 million of equity and is focused on acquiring core office income properties. The fund has successfully invested and holds interests in 12 office buildings representing 1.5 million sf predominantly located in downtown and midtown Toronto with a local joint venture partner.
Montez Core Income Fund II Limited Partnership, is capitalized at $200 million of equity and was created to acquire and expand core income properties, specifically dominant regional shopping centres. The fund has successfully acquired eight assets, totaling approximately 2.5 million sf.
Montez Core Income
Fund III Limited Partnership, is capitalized at $121 million of equity and was created to acquire and expand core income
properties, specifically dominant regional shopping centres in Canada. The fund
has successfully acquired three assets, totaling approximately 1.4 million sf.
Montez Core Income Fund IV Limited Partnership, is capitalized at $197 million of equity, the fund was created to acquire and expand Class A shopping centres, adjacent complementary strip centre retail and mixed use centres in major metropolitan areas and major regional communities of Canada. The fund has successfully acquired one asset, totaling approximately 460,000 sf.
Montez Fund IV
Limited Partnership, is capitalized at $401 million of equity and is
a value added real estate fund which focuses on the development, redevelopment,
construction, land assembly, acquisition and expansion of core income
properties in Canada.
On behalf of pension funds, Montez established two special purpose funds to acquire a 100% interest in Mayflower Mall: a 360,000 sf regional shopping centre in Sydney, Nova Scotia; and 100% interest in Londonderry Mall: a 780,000 sf regional shopping centre in Edmonton, Alberta. Londonderry Mall is currently undergoing a plus $100 million renovation program.
On behalf of a pension fund, Montez also asset manages a $123 million real estate portfolio including office, retail and industrial assets.