BridgePort Realty Capital Partners Inc. Acquires 8-10 Hearst Way

BridgePort Realty Capital Partners Inc. (BRCP), in partnership with a group of private investors, has acquired 8-10 Hearst Way, Ottawa, a single-storey office building comprising 39,658 sq. ft. The property benefits from a desirable location with excellent access to Highways 417 and 416, Eagleson Road and public transit via the Eagleson Road OC Transpo Park and Ride Hub.

“This is an exciting opportunity to invest in a quality real estate asset with an irreplaceable location and exceptional tenants including GE Security, Ontario Realty Corporation and Norpak Corporation. This a high quality asset that will provide exceptional risk adjusted returns for BridgePort and our Partners” said Hugh Gorman, Managing Partner of BridgePort.

About BridgePort

BridgePort Realty Capital Partners is a leading real estate investment company that co-invests with a wide range of clients and provides a full array of services including investment management, asset management, property management, construction and development management, leasing services and land and building development. The BridgePort group of companies manages over 100 properties, comprising 3,200 residential units and almost 1.0M square feet of commercial space with an asset value of $225M.

Leading the company are Hugh Gorman, Pierre Hurteau and Yawar Khan, who together have over 50 years of experience in management and business development.

“What sets BridgePort apart,” noted Mr. Gorman “is our unique investment approach to the assets we manage, our creativity in sourcing and structuring new investment opportunities and our commitment to maintaining the highest level of integrity in the relationships with our clients, tenants and the community at large”.

Mr. Hurteau has over 20 years of real estate industry experience. He has worked with several of Canada's largest private real estate companies, financial institutions and a prominent Canadian pension fund manager. Mr. Hurteau's diverse experience at various executive levels includes third party property management, leasing, asset management, acquisitions, dispositions, and fund management of real estate assets in Canada, US and Asia.

“At BridgePort our focus is on Asset management first, followed by active property and construction management and leasing,” noted Mr. Hurteau. “We have the discipline and the knowledge to first develop a strategy and a plan to execute the strategy for every asset. We then engage our property management, construction and leasing team to execute the asset management plan. We are co-owners with our clients and being an owner is very different than being a third party manager. We believe this perspective combined with our experience makes BridgePort unique in this marketplace.”

Mr. Khan's focus is on Corporate Affairs, including corporate governance, marketing and investor relations. Yawar's management experience envelopes working with large academic health science centres in Alberta and Ontario, as well as working for a National membership-based company- MD Management (the financial subsidiary of CMA Holdings). His diverse experience includes start-up operations, business analysis, business development and governance.

“BridgePort's strategy is simple,” noted Mr. Khan, “We are going to build a robust and flexible platform that will allow our investment management business to execute quickly and bring unique value to our clients.”

For property or investment opportunities please
contact Hugh Gorman | Pierre Hurteau at:
Telephone: 613.271.1566 ext. 24 | ext. 29
Email: hughgorman@bridgeportrealty.ca | pierrehurteau@bridgeportrealty.ca

For all media inquiries please
contact Yawar Khan at:
Telephone: 613.271.1566 ext. 21
Email: yawarkhan@bridgeportrealty.ca