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Wilmington Capital Management Inc. is an alternative Canadian investment and asset management company focused on investments in alternative real estate assets classes where assets are under valued.  Wilmington invests its own capital, alongside partners and co-investors, in hard assets 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.


Land Hald For Development  - 100% ownership interest
In June 2023, The Corporation acquired 3.4 acres of develop land located in Calgary.  The development plan for the project will be comprised of three phases, being a 96,000 square footage self storage facility, a retail area and a 17 bay car condo project.  A development permit application has been filed.


Marinas - Ontario Marinas and Development Lands - 17% ownership interest
The Maple Leaf Marina's Partnership and Bay Moorings Partnership own and operate a portfolio of twenty-one marinas located approximately 1.5 hours north of Toronto, Ontario.  The marinas have approximately 8,800 boat slips, located on over 500 acres of waterfront land including 76 acres of re-development and expansion lands.  The marinas operate under the names:  Bay Port Yachting Centre, Baysville Marina, Beacon Marine, Beacon Bay Marina, Bluewater Lodge & Marina, Desmasdon's Boat Works, Georgian Shores Marina, Gordon Bay Marina, Huntsville Marine, Kon Tiki Marine, Lake Simcoe Marine Ltd., LeFroy Harbour Resorts, Moon River Marine, Payne Marine Ltd., Paragon Marina, South Bay Cove Marina, Spirit Bay Harbour, Walkers Point Marina, Wawautosa Trading Post and Wye Heritage Marine Resort.

www.mlmarinas.com

RV Resorts and Campgrounds - 16% ownership interest
Sunchaser RV Resorts owns and operates three RV resorts in Alberta and British Columbia situated on 300  acres of land having approximately 1,000 sites.  The RV Resorts operate under the names: Half Moon Lake Resort, Lakeview Campground and Shadybrook Resort and Marina.

www.sunchaserresorts.ca




REALIZED INVESTMENTS

Private Equity Energy -
Northbridge Capital Partners Ltd.
On December 31, 2023, Wilmington sold its interest in Northbridge, an energy-focused exempt market dealer, and received cash and in-kind distributions (direct holdings in energy securities) from substantially all of its investments in the Northbridge funds.  Wilmington is seeking to monetize these direct holdings in an orderly manner.

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.

Wilmington sold its 19.7% interest in the Bow City Partnerships (www.boycitystorage.ca) on August 9, 2023 for $3.9 million.  The Corporation determined that the majority of the development upside had been realized and the proceeds realized will be redeployed in new opportunities.


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.

 

DISCLAIMER

 

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.

 

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