Montez Corporation, incorporated in 2002, is an institutional 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.
Since inception, Montez has created over 12 investment vehicles and funds. Montez currently asset manages over 15 million sf and approximately $5 billion of real estate, including 2 million sf of active development assests. The two primary focus areas are income / value-add opportunities and development projects. Asset class focus is retail, office, industrial, multi-family, mixed-use and the development and construction of those asset classes across Canada.
Montez Retail Fund Inc. is a fully vested, closed-end fund, 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 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 six 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, 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 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 1.4 million sf of commercial, retail and industrial projects, and continues to seek further opportunities.
Montez Office Fund I Inc., is focused on acquiring core office income properties. The fund has successfully invested and holds interests in 13 office buildings representing 1.7 million sf predominantly located in downtown and midtown Toronto with a local joint venture partner.
Montez Core Income Fund II Limited Partnership, was created to acquire and expand core income properties, specifically dominant regional shopping centres in Quebec with value-add opportunities. The fund has successfully acquired eight assets, totalling approximately 2.5 million sf.
Montez Core Income
Fund III Limited Partnership, 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, 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 eleven assets, totalling approximately 3.1 million sf.
Montez Fund IV
Limited Partnership, is
a value added real estate fund which focuses on the development, redevelopment,
construction, land assembly, acquisition and expansion of office, industrial, retail, residential and mixed use core income
properties in Canada.
On behalf of pension funds, Montez established three special purpose vehicles with a focus on the acquisition and management of Mayflower Mall: a 360,000 sf regional shopping centre in Sydney, Nova Scotia; Londonderry Mall: a 780,000 sf regional shopping centre in Edmonton, Alberta and GTA industrial assets. Londonderry Mall is currently undergoing a plus $100 million renovation program.
On behalf of pension funds, Montez also asset manages a $200 million real estate portfolio including office, retail and industrial assets.