QuadReal Property Group, which manages more than $18 billion in global real estate assets for bcIMC, including some of Canada’s most well-known properties, has appointed new members to its board of directors.
The directors bring broad networks and deep global expertise through their long experience in private and public sector organizations. New members include Paul Cantor (chair), Steve Barnett, Stephen Bellringer, J. Lorne Braithwaite, Thomas Garbutt and Lauralee Martin.
“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,” said new Chair Paul Cantor.
Cantor‘s board chair experience includes the Public Sector Pension Investment Board, Revera Inc., the Global Risk Institute for Financial Services and York University. was also president and chief executive officer of National Trust Company and Confederation Life Insurance Company, and president of CIBC Investment Bank. 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 and administration in the BC Ministry of Education, and chief financial officer at WorkSafeBC.
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 also sits on the board of Kaiser Aluminum Corporation, ADM Industries and Yale Union Contemporary Art Space.
Stephen Bellringer, is a private investor with D.K. Harris Properties. He was president and CEO of Canadian Hotel Income Properties, BC Gas, Union Gas, TransMountain Pipelines and Orca Bay Sports and Entertainment. Mr. Bellringer was also chair at Anthem Properties and OneREIT, and vice-chair of the BC Business Council.
Lorne Braithwaite was the founding CEO of Cambridge Shopping Centres (now Ivanhoé Cambridge), where he was also chair and president. 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 previously served as director for Enbridge and OMERS Realty Corporation.
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.