Wilmington Capital Management Inc. is an alternative Canadian investment and asset management company focused on investments in the real estate and energy sectors and in special situations where assets are under valued. Wilmington invests its own capital, alongside partners and co-investors, in hard assets and private equity funds and manages these assets through operating platforms.
Wilmington organizes its business into a number of distinct operating platforms which we develop and maintain to ensure that the underlying assets are effectively managed and their values are enhanced in the near to longer term time frames.
Real Estate – Self Storage Facility - 19% ownership interest
Bow City is a 6 story self-storage facility under development west of downtown Calgary slated to open in late 2020.
Special Situations - Ontario Marinas and Development Lands - 18% ownership interest
The Maple Leaf Marina's Partnership and Bay Moorings Partnership own and operate a portfolio of seven marinas located approximately 1.5 hours north of Toronto, Ontario. The marinas have approximately 2,300 boat slips, located on 338 acres of waterfront land including 61 acres of re-development and expansion lands. The marinas operate under the names: Bay Port Yachting Centre, Beacon Bay Marina, Wye Heritage, Lefroy Harbour Resorts, Kon Kiti Marina, Paragon Marina and and South Bay Cove Marina.
Private Equity - 40% ownership interest
Northbridge Capital Partners Ltd., is an energy-focused exempt market dealer, with $14.7 million of assets under management. Northbridge is focused on investing private equity in companies operating in the conventional and unconventional upstream oil and gas business and energy service companies and infrastructure opportunities, as well as real estate opportunities. As at September 30, 2019, Wilmington invested $3.0 million in funds managed by Northbridge. Northbridge raised a $32.4 million fund in late 2016 of which approximately $5.0 million remains to be deployed. Northbridge is headquartered in Calgary, Alberta.
Real Estate - Self-Storage
Wilmington was a founding investor in the Real Storage group in 2010 which initially owned and operated 5 self-storage facilities in Alberta. The Real Storage group, led by Wilmington management, grew to 38 stores across Canada making it the fourth largest self-storage business in the country. In 2019, the Real Storage group was sold for $275M.
Real Estate - Manufactured Home Communities
Wilmington was a founding investor in Parkbridge Lifestyle Communities which owned and managed manufactured home communities, RV parks and marinas in Canada. Parkbridge was led by Wilmington management and was the largest land lease business in Canada. In 2011, Parkbridge was sold to BCIMC for $790M.
The information provided on this website is derived from sources that Wilmington believes are reliable. However, Wilmington does not guarantee the accuracy of the information, nor do we assume any responsibility whatsoever for publishing it herein. This website is not to be construed as a form of promotion, an offer to sell securities nor as a solicitation to purchase Wilmington securities.
This website includes statements that are "forward looking statements" regarding expectations with respect to market conditions, development projects, acquisitions, occupancy rates, capital requirements, sources of funds, expense levels, operating performance and other matters. These assumptions and statements are subject to various factors, unknown risks and uncertainties, including general economic conditions, local market factors, delays and cost overruns in construction, completion and rent up of development communities, performance of other third parties, environmental concerns, and interest rates, any of which may cause actual results to differ from the Company's current expectations.
This website has been produced as a source of general information only.