QuadReal Names Real Estate and Business Leaders to Board
Vancouver, BC: QuadReal Property Group, which was established to manage more than $18 billion in global real estate assets for bcIMC, announced today that Paul Cantor (Chair), Steve Barnett, Stephen Bellringer, J. Lorne Braithwaite, Thomas Garbutt, and Lauralee Martin have joined QuadReal’s Board of Directors.
“This Board will provide experienced advice and governance as it works with everyone at QuadReal to offer peerless service to our tenants and residents, and desirable returns to our investors,” stated Mr. Cantor.
The directors bring broad networks and deep global expertise through their long experience in private and public sector organizations:
Paul Cantor’s Board Chair experience includes the Public Sector Pension Investment Board, Revera Inc., the Global Risk Institute for Financial Services and York University. He was President and CEO of National Trust Company and Confederation Life Insurance Company, and President of CIBC Investment Bank. Mr. Cantor holds a B.A. from University of Alberta and an LL.B. from the University of Toronto, and a LL.D. (Hon.) from York University. He is a member of the Order of Canada.
Steve Barnett is seconded from bcIMC to the position of Chief Operating Officer, QuadReal. Previously, he was Assistant Deputy Minister of Finance & Administration in the BC Ministry of Education, and CFO at WorkSafeBC. He holds the ICD corporate directors’ designation and is a Director, Parkbridge Lifestyles Community Board. He holds a B.A. in Business from Washington State University and is a CPA and CA.
Stephen Bellringer, is a private investor with D.K. Harris Properties. He was President & CEO of Canadian Hotel Income Properties, BC Gas, Union Gas, TransMountain Pipelines and Orca Bay Sports and Entertainment. Mr. Bellringer was Chair at Anthem Properties and OneREIT, and Vice Chair of the BC Business Council. He was a Board member of the National Hockey League, the National Basketball Association, Fortis and the Vancouver Board of Trade. Mr. Bellringer received his B. Comm., M.B.A. and LL.D. (Hon) from the University of Windsor, where he served as Chair.
J. Lorne Braithwaite was the founding CEO of Cambridge Shopping Centres (now Ivanhoé Cambridge), where he was Chair, President and CEO. He is the current Chair of the Canada Post Pension Plan’s Investment Advisory Committee and a Special Advisor for Majid Al Futtaim Retail, the leading shopping mall, retail and leisure company in the Middle East and North Africa. He is a Director, Business Advisory Council at University of Alberta School of Business, and past Chair of the Hospital for Sick Children Real Estate Division Capital Campaign. He served as Director for Enbridge and OMERS Realty Corporation. Mr. Braithwaite holds a B.Comm. from the University of Alberta and an M.B.A. from the Richard Ivey School of Business.
Thomas Garbutt was the Head of Global Real Estate for TIAA-CREF Asset Management and the Chair of TH Real Estate. At TIAA, he led the firm’s $90-billion global real estate investment management business. He sits on the Board for the Greenprint Foundation and the Association of Foreign Investors in Real Estate. Bloomberg Businessweek named him one of The 50 Most Powerful People in Real Estate. Mr. Garbutt holds a B.S. from Binghamton University and an M.S. in Real Estate Investment from New York University.
Lauralee Martin served as CEO of HCP, a Fortune 500 REIT. She held both COO and CFO positions with Jones Lang LaSalle, where she led the firm’s global financial strategy. She has also worked at Heller Financial Inc. and GE Capital, including having held the position of CFO while at Heller. She sits on the Board of Kaiser Aluminum Corporation, ABM Industries and Yale Union Contemporary Art Space. Ms. Martin holds a B.A. from Oregon State University and an M.B.A. from the University of Connecticut. She was inducted into the UConn School of Business Hall of Fame.
QuadReal is a global real estate company with managed assets totaling more than $18 billion, including some of Canada’s most well-known properties. Headquartered in Vancouver, British Columbia, QuadReal is owned by bcIMC, one of Canada’s largest institutional investors, and was established to manage its real estate assets. QuadReal is a Canadian investment and management company that operates in a global market. It aims to deliver prudent growth and strong investment returns and to create and sustain places that bring value to everyone – not just for now, but for the benefit of future generations.