BridgePort Realty Capital Partners Inc.(BPRCP) Acquires the Rothman Group of Companies
Ottawa (Ontario) – NOVEMBER 20, 2008 – Messrs. Hugh Gorman and Yawar Khan, are
pleased
to announce the launch of BridgePort Realty Capital Partners and the acquisition
of the Rothman Group
of Companies including R.O.I. Properties Inc. and Progeny Management Inc.
Progeny is a real estate service provider specializing in property management, construction management and leasing services, while R.O.I.’s core business is structuring and syndicating real estate investment transactions on behalf of its clients and on its own account. With $50M and approximately 400,000 square feet in assets under management, BridgePort Realty Capital Partners will leverage the Progeny
and R.O.I. platforms to increase their property management and investment portfolios, while continuing
to provide unsurpassed service to its valued investment clients and tenants.
About BridgePort
BridgePort Realty Capital Partners provides a full array of services including investment management, asset management, property management, construction and development management, leasing services and land and building development. Please visit our web site
in the coming weeks to learn more about our exciting new company.
Leading the company are Hugh Gorman and Yawar Khan, who together have over 30 years
of experience in management and business development. Mr. Gorman has spent his career working
with many of Canada’s largest pension funds, landlords and private companies both as a principal
and a service provider. Prior to forming BridgePort Realty Capital Partners,
Mr. Gorman spent approximately 10 years with Oxford Properties Group where most recently he was Vice President, Industrial - Canada and Vice President, Global Principal Investment.
At BridgePort, Mr. Gorman’s focus
will be sourcing new investment opportunities, including acquiring real estate assets, land assembly
and establishing redevelopment opportunities.
“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. 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 at:
Telephone: 613.271.1566 ext. 24
Email: hughgorman@bridgeportrealty.ca
For all media inquiries please contact Yawar Khan at:
Telephone: 613.271.1566 ext. 21
Email: yawarkhan@bridgeportrealty.ca