MarketCap CA

CA Canada


Morguard Corporation, a real estate investment and management corporation, acquires, owns, and develops multi-suite residential, commercial, and hotel properties in Canada and the United States. As of February 25, 2022, the company owned a portfolio of 197 multi-suite residential, retail, office, industrial, and hotel properties, including 17,752 residential suites, approximately 16.8 million square feet of commercial leasable space, and 5,058 hotel rooms. It also offers real estate management services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; real estate advisory services; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors. The company is headquartered in Mississauga, Canada. Morguard Corporation is a subsidiary of Paros Enterprises Limited.


Morguard was founded in 1905 as D. Ackland & Son Limited. It originally made carriage parts, but transitioned into automobile parts in the 1910s. In 1960, it renamed itself Acklands Limited. At some point, it transitioned to being a wholesale distributor of automobile and industrial parts, as opposed to a manufacturer. Financial problems at the company in the 1980s led to the current president, K. Rai Sahi, taking control of the company in 1990. The company sold its industrial parts distribution to W.W. Grainger in 1996 for $250 million USD; this division was renamed Acklands-Grainger. In 1997, it sold half of automotive group to General Parts. In 1997, Acklands began investing in real estate, and was renamed Acktion Corporation. It eventually sold its remaining auto parts distribution business to focus on real estate.

Notable acquisitions by Acktion include Goldlist Properties and Revenue Properties. One of its investments was Morguard REIT, a newly formed real estate investment trust. Morguard REIT had been launched by Morguard Investment Services, which had been founded in 1966, to sell mortgages to pension funds. It expanded to real estate in the 1970s. After investing in a number of other Morguard companies, Acktion renamed itself Morguard Corporation in 2002.

Morguard North American Residential REIT had an IPO in 2012, with properties spun-off from Morguard Corporation.

Morguard is dedicated to creating value for its stakeholders by creating and managing successful investments that deliver exceptional returns. Morguard is committed to providing premier customer service and creating a workplace where people are motivated to achieve success.

Morguard is committed to leading in the real estate industry with a passion for excellence, innovation, and creating value for its stakeholders.

Key Team

Ms. Angela Sahi (Exec. VP of Residential Office and Industrial & Director)

Mr. John Talano (Sr. VP of Morguard Management)

Mr. David Wyatt (Sr. VP of Retail Leasing & Operations - MIL)

Ms. Beverley Gail Flynn L.L.B., LLB (Sr. VP, Gen. Counsel & Sec.)

Ms. Pamela J. McLean CA, CPA (Sr. VP of Fin. & CFO of Services MIL)

Mr. Andrew Tamlin CA, CPA (Chief Financial Officer of MRT)

Mr. Gordon Paul Vollmer (Exec. VP of Office & Industrial Asset Management - Morguard Investments Limited)

Recognition and Awards
Morguard has been recognized as one of Canada’s Best Managed Companies for 11 consecutive years, a Top 10 company for Corporate Social Responsibility for three consecutive years, a Top Environmentally Responsible Company for four consecutive years, and has also been named one of Canada’s Greenest Employers in 2020.

Leadership team

Mr. Kuldip Rai Sahi FCA, FCGA, FCPA (Chairman & CEO)

Mr. Paul Miatello CA, CPA (Sr. VP & CFO)

Mr. W. Scott MacDonald (Exec. VP of Retail Asset Management - Morguard Investments Limited)

Products/ Services
Real Estate
Mississauga, Ontario, Canada
Net Income
500M - 1B
500M - 1B
Traded as
Social Media
Thu Feb 29 2024

businessabc offers a global business, SMEs wiki directory blockchain, NFTs, AI powered marketplace for businesses worldwide.

Follow Us
Produced by
In collaboration with

Copyright 2023 © businessabc powered by ztudium