KingSett Capital

KingSett is pleased to have worked with the Connective Support Society, a British Columbia-based social services non-profit organization that focuses on fostering safe, healthy and inclusive communities, to finance the acquisition of nine multi-family residential properties. The nine properties, which include 334 mixed-unit rental homes, are located on Vancouver Island.    Thank you to all involved: Connective, Jon Switzer at Impact Commercial, Rental Protection Fund. To learn more or to speak to our Multi-Family Mortgage team for creative and flexible financing solutions that maximize loan proceeds, please visit https://lnkd.in/dXRPtmEi. https://lnkd.in/e8cHcBbW

We are pleased to announce the funding of a $38.2 million loan for the construction of a 4-storey apartment building with 118 residential units and a 1-storey amenity building in Sarnia, Ontario. This project is an example of the client’s commitment to sustainability and inclusivity, qualifying for 50 MLI Select points under Energy Efficiency, as well as 20 MLI Select points under Accessibility. The KingSett CMHC Multifamily Mortgage team is focused on working with developers to find creative and flexible financing solutions to maximize loan proceeds. To contact the team, please visit https://lnkd.in/dXRPtmEi.

Congratulations to our Theresa Warnaar on being elected as Chair of BOMA Toronto. As Senior Vice President, Retail & Asset Resilience and a member of our Strategic Leadership Team, Theresa leads execution and value creation strategies across KingSett’s retail real estate portfolio as well as our Sustainability and Impact strategies. Theresa has been a board member with BOMA Toronto Since 2015.

KingSett is thrilled to see our Executive Chair and Founder Jon Love C.M. recognized by The Fraser Institute. We are looking forward to the event where Jon will be sharing his thoughts on how we may all work together to build a better, more prosperous Canada.

KingSett Capital est à la recherche d'un Analyste et d'un Associé pour rejoindre son groupe de prêts multifamiliaux. Il s'agit d'une excellente occasion pour ceux qui ont de l'expérience dans le domaine de l'immobilier commercial et qui ont une bonne compréhension du marché canadien de l'habitation multifamiliale. En savoir plus sur les postes : Analyste, Prêts multifamiliaux – https://lnkd.in/gD2p_EW9 Associé, Prêts multifamiliaux – https://lnkd.in/gvpRPjy2 Les personnes intéressées peuvent soumettre leur CV en toute confidentialité à Marleigh Robertson à l'adresse mrobertson@boyden.com. 

Congratulations to our partner Enwave Energy Corporation for receiving the prestigious Joseph M. Brillhart Innovation Award from the International District Energy Association. Enwave is being recognized for their innovative approach to the decarbonization of our Fairmont Royal York, which has achieved the CAGBC | Canada Green Building Council Zero Carbon Building – Performance certification. With over 3 million square feet Zero Carbon Building – Performance certified today, KingSett is committed to reducing carbon emissions and executing decarbonization strategies across our Funds. https://lnkd.in/ght4neAF Ampere+ Electrical Continual Energy Inc. Fairmont Hotels & Resorts JLL Canada Mulvey & Banani PCL Construction Purpose Building Inc. Sprint Mechanical Inc The Mitchell Partnership Inc. Plan Group Inc.

KingSett is proudly Canadian. Our belief in this great nation is why we work to ensure that all Canadians can live, work and play in this beautiful land. Happy Canada Day!

Our William Logar, Chief Asset Management Officer, spoke to RENX about the new event space coming to the 68th floor of Scotia Plaza. Bill shared that the “Flight to Quality” that has dominated office searches in recent years is evolving to “Flight to Experience”, with tenants putting the priority on spaces that offer in-building amenities. "To be at the top of the city, 68th floor, it's going to be spectacular". Link to article: https://lnkd.in/grbKh_Qs Oliver & Bonacini Hospitality Jamie Petch Real Estate News Exchange (RENX)

We are thrilled to announce KingSett Capital is partnering with Oliver & Bonacini Hospitality to create a 20,000-square-foot amenity floor at the top of Toronto at Scotia Plaza, Canada’s largest and first Zero Carbon – Performance Standard certified major office building. This unique space will offer corporate and social event space available to both tenants and outside parties and a 10,000-square-foot exclusive tenant area with an upscale café and bar, all with incredible views of the city.   The new space, which is expected to open by June 2025, is part of our ongoing commitment to improve our assets and provide our tenants with extraordinary work environments.   To learn more about this exciting announcement, visit https://lnkd.in/gb5A2iPj or contact Jamie Petch

At our Birchmount Green property, Canada Mortgage and Housing Corporation (CMHC) Société canadienne d'hypothèques et de logement(SCHL) announced a further $1.1B commitment through CMHC’s low-interest and forgivable loan program. The program will fund more supportive and affordable housing projects like KingSett Affordable Housing Fund LP’s joint venture at Birchmount Green. We look forward to scaling our affordable housing strategy and working with our community and joint venture partners to deliver additional affordable housing. We were pleased to be joined by The Honourable Arif Virani, Minister of Justice and Attorney General of Canada and MP for Parkdale-High Park, The Honourable Filomena Tassi, Minister Responsible for the Federal Economic Development Agency for Southern Ontario and MP for Hamilton West—Ancaster—Dundas, Salma Zahid, MP for Scarborough Centre. Kalpita Chakrabarty Tim Neeb, Mahogany Management Abi Ajibolade The Redwood...for women and children fleeing abuse Brad Saunders Community Living Toronto Katarina Gajic Jeff Thomas TD Asset Management Investment Management Corporation of Ontario (IMCO)