Reichmann International Realty Advisors History

Reichmann International is a global real estate investor and asset manager with more than 60 years of experience building, owning, leasing, financing and operating public and private real estate assets all over the world.

Mr. Paul Reichmann and his family were instrumental in the purchase, development and management of more than 70 million square feet of prime office, retail and industrial properties and over 50,000 healthcare and student housing beds in Canada, the United States, Mexico and Europe in hundreds of separate buildings. These projects included landmark properties in major financial centres of the world, most notably Toronto’s First Canadian Place, New York’s World Financial Center, London’s Canary Wharf and Mexico City’s Torre Mayor.


1956

Beginning

Paul Reichmann arrives in Canada


1958

56 Colville Rd.

Built the first of over 200 industrial warehouse buildings in Toronto


1965

Flemingdon Park

Purchases the 306-acre Flemingdon Park development site in north Toronto and builds a cluster of Toronto’s first Class A Suburban Office Buildings


1966

first mortgage bonds

Early adopter of issuing first mortgage bonds to refinance existing properties. Began revolutionizing commercial real estate finance by securitizing net leases


1968

first Downtown Building

Built his first Downtown Toronto Office Building (Global House at 480 University Ave.), followed by York Center (145 King St.)


1971

Toronto Star Building

Built 1 Yonge St. (Toronto Star Building)


1976

tallest building in Canada

Built the tallest building in Canada, 72-story First Canadian Place (2.7 million sq. ft.), followed by The Exchange Tower


1977

New York Uris Office Portfolio

Purchased the Uris Office Portfolio (10 million sq. ft.) in New York for one-third of replacement cost


1978-1980

Office developments

Office developments in Ottawa, Boston, Calgary, Dallas, Denver, Edmonton, Fort Lauderdale, Hartford, Miami, Orlando, Portland, San Francisco, Seattle, Los Angeles, including 63-story Olympia Centre in Chicago in partnership with Sam Zell


1983

mortgage market

Refinanced office portfolio with Salomon Brothers $1B Commercial Mortgage Backed Securities (CMBS) loan, early adopter of the securitized mortgage market


1986

World Financial Centre

Completed World Financial Centre in New York. Purchased interest in publicly-traded Trizec, English Property, Cadillac Fairview, Campeau Corp (interest in Scotia Plaza)


1987

Canary Wharf – First Phase

Purchased Canary Wharf lands, began development of the 6 million sq. ft. First Phase


1993

Quantum Realty Fund

Established Reichmann International and managed the Quantum Realty Fund for George Soros focusing on distressed U.S. real estate


1994

DIVERSIFIES INTO CANADIAN HEALTHCARE

Barry Reichmann diversified the family’s real estate interests into the Canadian health care industry by purchasing and subsequently growing Central Park Lodges, which owned 14 retirement homes and 11 long term care facilities


1995

formed a consortium of investors

Established International Property Corporation and formed a consortium of investors (including Saudi Arabia’s Prince Al-Waleed bin Talal, Larry Tisch, Michael Price, Edmond Safra) to buy Canary Wharf back from the banks for £800m.


1997

Central Park Lodges

Formed by the Reichmann’s, Canada’s first healthcare REIT, CPL Long Term Care REIT, goes public on the Toronto Stock Exchange, owner of 12 Long Term Care facilities. Barry Reichmann appointed President.


1999

DIVERSIFIES INTO us HEALTHCARE

Barry Reichmann acquired a portfolio of US senior housing facilities through Balanced Care Corp.


1999

Canary Wharf Group

Canary Wharf Group plc goes public on the London Stock Exchange


2001

IPC US REIT

IPC US REIT goes public on the Toronto Stock Exchange owning commercial properties in secondary U.S. markets


2001

Retirement Residences Estate Investment

Retirement Residences Real Estate Investment Trust goes public on the Toronto Stock Exchange, owning 74 retirement homes. Barry Reichmann appointed President and CEO


2002

merge

Retirement Residences REIT and CPL REIT merge with combined assets of $1.9 billion


2003

Completed Build

55-story Torre Mayor in Mexico City completed as the tallest building in Latin America, LEED certified and state of the art earthquake resistance construction


2004

Acquired Canary Wharf Group

Canary Wharf Group was acquired by Songbird Estates, a consortium led by US investment bank Morgan Stanley


2005

NEW DEVELOPMENT COMPANY

Reichmann Seniors Housing Development Corp. established to privately build and own retirement homes in Canada under the Signature Retirement Living brand


2006

Privately Sold

Sold privately held U.S. Senior Care portfolio of 64 facilities to Ventas for US$602m


2007

sold & privatized

Retirement Residences REIT sold and privatized to the Public Sector Pension Investment Board (PSPIB) for $2.8 billion having grown to 224 Retirement and Long Term Care Facilities


2007

us HEALTHCARE

Acquired an interest in Wellington Healthcare Services, which owned a portfolio of skilled-nursing facilities, for approximately $80 million. The portfolio was sold in 2012 to Grubb & Ellis Healthcare REIT II Inc. for $166.5 million


2007

sold & privatized

IPC US REIT sold and privatized to BehringerHarvard having grown to 9.6 million sq. ft. of office properties


2012

AQUIRED STUDENT HOUSING PORTFOLIO

Acquired 2,700-bed US student housing portfolio with Campus Evolution Villages and grew the portfolio to 6,200-beds by 2017


2013

COMPLETED HOTEL

Completed the five-star 223 luxury suite Waldorf Astoria Jerusalem and 30 luxury private Palace Residences


2015

Sold 5 properties

Signature Retirement Living sells 5 properties to Chartwell Retirement Residences for $254m


2016

COMPLETED OFFICE TOWER

Completed 33-story, Class A, LEED certified, Torre Diana in Mexico City’s Reforma Corridor in partnership with two institutional investors.


2017

NEW ASSET MANAGEMENT COMPANY

Established Reichmann International Realty Advisors to grow and asset manage a diversified real estate portfolio in partnership with global institutional and HNWI investors


Contact Us Today

(416) 646-3514

Reichmann International Realty Advisors


Reichmann International Realty Advisors