Crown specializes in optimizing every detail of a real estate asset to maximize value. The partners of Crown always co-invest in funds ensuring strong alignment of interests with our investors.
As a vertically integrated platform, Crown manages every aspect of the real estate investment cycle (acquisitions, development and construction, leasing and marketing, asset management, and property management). Crown uses a holistic approach to enhance asset resilience and align with stakeholder values.
Our due diligence process incorporates a review of potential ESG risks, including financial, physical, environmental, and climate-related factors.
We identify value add and risk mitigation strategies early in the real estate investment lifecycle and develop certification and management plans to ensure our stabilized assets are of institutional quality.
Our experienced teams manage with precision and discipline. Construction managers prioritize sustainable materials and minimize waste. Property managers focus on efficiency, accountability, and value creation. Our operating model emphasizes responsible stewardship, tenant engagement, improved building performance, and community connections.
Our leasing team ensures potential tenants are aware of the value proposition when locating within a Crown building.
This team informs brokers and their clients of the benefits of sustainability certifications and sustainable building operations, including improved employee productivity, health and wellness, and potential cost savings.
A Crown building is an actively managed one. Our multi-disciplinary team works together to develop a comprehensive business plan for each asset to deliver the best experience for our tenants and achieve higher returns for our investors.
As a fiduciary, transparency, good governance, and alignment of interests have always taken precedence
We provide best-in-class reporting and our disclosures are timely, accurate, and investor-grade. We maintain rigorous internal controls, ensure full regulatory compliance, and provide visibility into asset and portfolio performance. Our reporting is built to support investor confidence, inform decision-making and reinforce accountability at every level of the organization.
Crown has a well-established track record, an experienced team and takes a hands-on approach to real estate management. Crown offers a diverse set of investment vehicles, including co-ownerships, partnerships and limited partnership funds.
Crown Realty Limited Partnership (CR LP)
Created 2006
$74 million of equity
$188 million of assets
Net IRR of 16.3%
Crown Realty II Limited Partnership (CR II LP)
Created 2009
$142 million of equity
$260 million of assets
Net IRR of 21.3%
Crown Realty III Limited Partnership (CR III LP)
Created 2013
$165.5 million of equity
$414 million of assets
Net IRR of 14.6%
Crown Realty Core Fund (Core Fund)
Created 2015
Approximately $400 million of assets
Stable assets intended for long-term hold and ongoing distribution
Crown Realty IV Limited Partnership (CR IV LP)
Created 2017
$234 million of equity
$600 million of assets
Fully invested; disposition phase
Crown Realty V Limited Partnership (CR V LP)
Created 2021
$260 million of equity
Actively Investing
Address: 111 Peter Street, Toronto
Strategy: In partnership with LPs, acquire a sizeable asset in the downtown west node – a node that appealed to TAMI tenancies and was one of nine buildings that could offer single floorplates to large tenancies.
Results: Leased vacancies and renewed existing tenancies at significantly higher rental rates (exceeded pro forma rental rates by 33% by year 3); stabilized the building to 100% leased with an attractive tenant mix and sold the asset to an institutional investor; the purchaser has since retained Crown for property management services for the building.
Address: 2300 Meadowvale Boulevard, Mississauga
Strategy: Acquire GE Canadian Headquarters with a short-term leaseback (the tenant was known to be vacating).
Results: Initiated building renovations and marketing plan to lease to single or multiple tenants; completed a 15-year lease for the entire building to a single tenant; the property was sold to institutional buyer post-COVID-19; purchaser has retained Crown for property management services for the building.
Address: 30 Eglinton Avenue West, Mississauga
Strategy: Acquire site of scale at prominent transit-oriented location; reposition and lease existing office building; partner with a “best-in-class” residential developer to create a large-scale mixed use community.
Results: Crown and one of Ontario’s top-rated condo builders JV. The rezoning and entitlement of the site has been initiated with the City of Mississauga, as has the repositioning of the office component.
Address: 575, 600, & 675 Cochrane Drive, Markham
Strategy: Acquire three separately-titled parcels as a portfolio and divest of assets individually, and apply strategic disposition timeline.
Results: Successfully sold all three assets within a portfolio to maximize overall IRR of the investment; repositioned the value-add component (380,000 sq. ft. office complex) to ensure best-in-class status.
Address: 901 King Street West, Toronto
Strategy: Re-brand and re-position a building that previously appealed to back office tenants.
Results: Attracted a more diverse tenant mix including creative production, media and architecture firms; achieved LEED Silver Certification; improved base rents by 50%; Hear from Deluxe Entertainment.
Address: 1004 Middlegate Road, Mississauga
Strategy: Acquire office campus and lease back a portion to the owner; launch leasing program for remainder of office building; retrofit industrial building to create flex office; sever the site and divest of various components to maximize value on sale.
Results: Successfully repositioning and leased the main office building and new flex office component to a strong tenant roster; achieved overall occupancy rate of 95%; sold three separate parcels. Watch the transformation.
Address: 400 University Avenue, Toronto
Strategy: Undertake a large-scale capital and leasing program after the departure of an anchor tenant.
Results: Crown’s repositioning plan includes new windows and cladding, HVAC retrofits, LED lighting, and a lobby renovation—reducing energy use by 22%, carbon emissions by 24%, and water consumption by 53%. These upgrades, along with a successful leasing program, repositioning the asset as best-in-class and allowing investors to retain long-term ownership.
Address: 90 Sheppard Avenue East, Toronto
Strategy: Acquire office property with the capacity for additional density through a re-zoning process.
Results: Identified opportunity to intensify the site with additional residential condominium density; sold excess land in addition to a portion of the parking lot to a condominium developer; enhanced the existing parking garage to provide better parking ratios for office tenants.
Address: 11, 15, 19 & 27 Allstate Parkway, Markham
Strategy: Crown acquired Allstate Corporate Centre in a joint venture partnership with another real estate investment management company in 2016. Commanding an outstanding address at Highway 7 and the Highway 404 interchange the campus is recognizable by its distinctive central square and global tenant base including Allstate Insurance, Huawei, Oracle, Grant Thornton and more. Crown has revitalized this campus and executed a strategic capital plan to restore it to a ‘best in class’ standard in the market.
Address: 100 Milverton Drive and 90 & 110 Matheson Boulevard West, Mississauga
Strategy: Building Resilience through Well-timed Retrofits
Results: The initial measures include operational enhancements and cost-effective enhancements to improve energy performance and are aligned with end-of-life equipment replacements, to minimize incremental capital costs. These prepare the asset for future retrofits which have the potential to achieve further reductions. Learn More.
Crown’s comprehensive investment strategy guides our approach to sustainability across our Managed Portfolio, based on key criteria, including tenant ESG goals, owner objectives, and stages within the investment lifecycle.
