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3751-VICTORIA-PARK-AERIAL-HERO

In an evolving real estate landscape, our investment principles are evergreen.

We identify investment opportunities that combine quality with value while demonstrating the potential for long term capital appreciation

Acquisition Strategy

A nimble and opportunistic approach targeting many facets of the real estate investment landscape including stabilized, value-add and land development projects

  • Not overpaying and avoiding “shootouts” with fellow bidders where there’s a risk of overpaying—simply achieving a low cost basis is among the best ways to mitigate risk.
  • Uncovering geographies, property classes and investment themes that are overlooked, or underappreciated, by other investors.
  • Originating high-quality, well-located real estate that is sensibly priced—assets it would be difficult to lose money on and that Forager would be comfortable owning forever.
Overhead view of construction

How We Operate

Our Capital partners include institutional and ultra-high net worth investors, and leading lending institutions

All of whom benefit from Forager’s disciplined approach, operational expertise, deep industry relationships, and best-in-class fund structures that emphasize alignment.

1

Source high-quality, well-located real estate that is sensibly priced—real assets it would be difficult to lose money on.

2

Deploy prudent financing techniques in partnership with top-tier lenders to enhance investment returns.

3

Lean on relationships with best-in-class service providers to deepen breadth of Forager’s active development and asset management programs.

4

Treat investors’ capital as if it’s our own; deliver unparalleled transparency and personal service.

5

Be on the constant lookout for how to best allocate capital and isolate risk.

Sample Investments

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Southwell Place

Toronto, Ontario

Under Development

Prime flex-industrial redevelopment site, acquired off-market, from its original owner-occupier. Southwell Place comprises 29 flex-commercial and industrial condominium units ranging from 1,000 to 5,000 square feet. Built to Toronto Green Standard.

Highlights

  • Prime redevelopment site in high barrier-to-entry submarket
  • Optimal in-place zoning expedites timing and mitigates planning risk
  • Proven demand for class ‘A’ flex commercial condominiums

VicPark

Toronto, Ontario

Under Development

6-acre redevelopment site acquired from an institutional property developer. Currently in the planning stage to operationally repurpose the property as a 150,000 square foot, Class ‘A’ multi-tenant urban warehousing and logistics facility, to be condominium titled. Built to Toronto Green Standard.

Highlights

  • Prime redevelopment site in high barrier-to-entry submarket
  • Optimal in-place zoning expedites timing and mitigates planning risk
  • Defined exit strategy drives compelling investor returns
  • Proven demand for class ‘A’ flex commercial condominiums
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Midwestern Logistics

Guelph, Ontario

Ground-up development | in progress

Forager sourced this high-visibility, 7.1-acre corner parcel on an off-market basis and pre-leased 100% of the 165,000 square foot distribution center prior to acquisition. With close proximity to Highway 401, Forager joins major property investors, developers, manufacturers, and tenants already capitalizing on the growth opportunity in this strategic market.

Highlights

  • Excellent proximity to major highway infrastructure, including Highway 401
  • Ideally zoned for Forager’s development plan
  • Clear exit strategy drives compelling investment returns

Pacific Industrial

Toronto, Ontario

GROUND-UP DEVELOPMENT | IN PROGRESS

Situated in a high-demand, land constrained industrial node on the Toronto-Markham border, this zoned 6.1 acre parcel is strategically located, less than 10 minutes’ driving time to Highways 401, 404 and 407. Forager’s site development plan contemplates the ground-up development of 150,000 square feet of best-in-class, multi-tenant tenant flex industrial distribution and warehousing. 

Highlights

  • Outstanding value creation opportunity
  • Strategic asset with sensible cost basis
  • Rapidly growing market
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Mercantile Business Center

Naples, Florida

VALUE-ADD | in progress

This multi-tenant industrial complex is among the largest of its class in the Naples area, ideally situated 2 miles west of Interstate 75, with direct access to numerous major arterial routes. The surrounding industrial park area is fully built-out, land-constrained and serves as a key logistical node for myriad of businesses with customers and employees based throughout Southwest Florida.

Highlights

  • Outstanding value creation opportunity
  • Strategic asset with sensible cost basis
  • Rapidly growingmarket

Neptune Distribution Center

London, Ontario

Value-ADD | Sold 2021

This acquisition represented an excellent opportunity to acquire a stabilized, cash-flowing real asset backed by a high-quality tenant. Forager secured the investment on an off-market basis for substantially below replacement cost.

Highlights

  • Strong and committed tenant provides stable cash flow
  • Low cost basis creates upside potential and mitigates risk
  • Credit tenancy in secondary market generates compelling risk-adjusted returns
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Who We Are

With a robust background in private equity, brokerage, development, and commercial property operations, we provide exceptional leadership and guidance to clients across these areas, while delivering innovative solutions tailored to meet the unique needs of each client.

Conor McBroom

Conor McBroom

PRESIDENT & FOUNDER

Conor has 15 years of experience on the principal side of the commercial real estate business having worked with several notable developers, asset managers and private equity investors. Over the course of his career, he has had senior-level involvement in the origination, underwriting and asset management of several billion dollars of real property—including core, value-add and development projects—across all major property classes. He has cultivated extensive relationships across key facets of the industry including debt and equity capital markets, and brokerage. Conor holds a Bachelor’s degree from McGill University in Montreal, Quebec.

Myles Kenny

VICE PRESIDENT, INVESTMENTS

Myles has 10 years of experience in the commercial real estate industry, previously serving as Senior Partner of Colliers Private Capital Investment Group.  During that time Myles worked with multiple notable developers and private investors, advising on the disposition and value enhancement strategies for their assets across the Greater Toronto Area.  Over his career Myles and his team have sold over $2 Billion of real estate assets and has been awarded TOP 6 under 6, and in 2021 the Award of Excellence for Top Producer in Canada.  Myles holds a Bacehlor’s degree from Wilfred Laurier University in Waterloo, and recently completed the Commercial Real Estate course from Cornell University.

Tommy Sorbara, J.D.

VICE PRESIDENT, FINANCE & OPERATIONS

Tommy has both advisory and investment-related real estate experience. He practiced law in the commercial real estate group at Wildeboer Dellelce LLP, where he advised small to institutional scale real estate investors on acquisitions, dispositions, debt financings, leasing and general commercial matters. After private practice, he worked at a Toronto-based multi-family office where he was responsible for various private fund structures, client relationships and the review, due diligence and underwriting of several real estate investments. Tommy holds a Juris Doctor (Honours) from Western University, a Bachelor of Commerce from McGill University and a Masters in Wine Business Management from ESC Dijon. 

Ryan Whiting

DIRECTOR, DEVELOPMENT MANAGEMENT & CONSTRUCTION

Ryan has gained extensive knowledge of the construction industry working as a project manager for over 10 years. Through this time, he has focused primarily on commercial and institutional projects, building and renovating countless properties on behalf of blue chip developer and owner-operator clients. Ryan is involved in all facets of Forager’s development and pre-development activities, including property underwriting, development approvals, project tendering, and construction. He also oversees the firm’s external consultants and delivery teams to ensure developments are set up for success prior to breaking ground. Ryan holds a Diploma in Construction Engineering from George Brown College. 

 

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