MISSISSAUGA, ON, July 31, 2012 /CNW/ - Morguard Corporation (TSX:
MRC) ("Morguard") will mark 50 years as a listed company on the TSX
by opening the market on August 1,
2012 at 9:30 a.m. EDT.
The origin of the original listed company was in wholesale
distribution. Over the past five decades, there was a
dramatic evolution through growth, market opportunity and
acquisition to the Morguard of today, operating as a fully
integrated commercial real estate company.
"Our first major step into real estate was in the early nineties
when we realized the sector presented opportunities for equity
positions in companies that owned real assets, " said K. Rai Sahi, Chairman and Chief Executive
Officer of Morguard Corporation. "In 1998, the acquisition of
Morguard Investments Limited provided the brand, platform and
expertise to provide direct investment for investors."
Today, as an owner and manager of real estate, Morguard offers a
broad range of unique investment vehicles to allow both
institutional and individual investors to benefit from real estate
investments. Its assets under management have grown from
$2 billion in 1998 to more than
$11 billion today under the
leadership of Mr. Sahi.
Morguard Real Estate Investment Trust (TSX: MRT.UN) will also be
recognized for its 15th year anniversary as a TSX-listed company at
the Market Open ceremony.
TSX Market Open
| Date and Time: |
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August 1, 2012 at 9:30 a.m. EDT |
| Location: |
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TMX Broadcast Centre
The Exchange Tower, 130 King Street West
Toronto, ON |
About Morguard
Morguard is an expert in North American real
estate ownership, investment and management. With a
strategic focus on high-quality assets and
diversification, Morguard has a proven track record of
realizing the potential of real estate through consistent
investment performance. Morguard currently has $11 billion of assets owned and under
management. The integrated real estate services company
manages its own real estate portfolio, as well as invests and
manages on behalf of third-party institutional and private real
estate investors. Morguard offers a comprehensive range of real
estate services, including acquisitions and development, to asset
management, leasing, property management, research, and valuation
services.
Morguard Corporation also owns a 45.8% interest in Morguard Real
Estate Investment Trust and a 67.6% effective interest in the
Morguard North American Residential Real Estate Investment
Trust. For more information, visit the Company's website at
www.morguard.com.
SOURCE Morguard Corporation
