FAX Real Estate

A Canadian Investment and Asset Management Company Focused on value-add opportunities to enhance returns and deliver strong risk-adjusted performance to our investors and partners

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Value-Add

Real Estate Investment

Expertise in Executing On and Off Market Investments Across All Real Estate Asset Classes

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Opportunistic Investment

Maintain a creative and nimble approach to real estate investment, with an institutional mindset to consistently deliver attractive risk-adjusted returns

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Hands-On Management

Acquiring assets at an attractive cost basis and adding value through income growth, repositioning and strategic capital investment

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Relationships

Leveraging our extensive relationships with brokers, owners and lenders to target opportunities that maximize profits while protecting against downside risks

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Institutional Backing

Benefiting from the platform and infrastructure of FAX Capital Corp., an investment company focused on long-term asset management of high-quality mid market investments

Delivering Risk Adjusted Returns

Adding Value Through Proactive Asset Management and Strategic Investment
 

Delivering Risk Adjusted Returns

Adding Value Through Proactive Asset Management and Strategic Investment
 

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Value-Add Returns

Targeting risk-adjusted +15% annual returns over a 3 to 5-year investment horizon

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Responsive & Agile

Ability to source and expeditiously transact on opportunities that require creative solutions to uncover value

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Certainty

Leveraging our team’s extensive transaction experience to provide certainty and a clear path to successful execution

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Alignment

FAX Real Estate is fully aligned with our investment partners through significant co-investment in every transaction

Delivering Risk Adjusted Returns

Adding Value Through Proactive Asset Management and Strategic Investment
 

Value-Add Returns Icon
Value-Add Returns

Targeting risk-adjusted +15% annual returns over a 3 to 5-year investment horizon

Responsive & Agile Icon
Responsive & Agile

Ability to source and expeditiously transact on opportunities that require creative solutions to uncover value

Certainty Icon
Certainty

Leveraging our team’s extensive transaction experience to provide certainty and a clear path to successful execution

Alignment Icon
Alignment

FAX Real Estate is fully aligned with our investment partners through significant co-investment in every transaction

Real Estate Portfolio

Value-Orientated | High Quality | Well-Located

McNicoll Property Photo

550-562 McNicoll Ave

Toronto, ON

Sold

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Champlain Land Photo

Champlain Land

Whitby, ON

Sold

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  • Toronto, ON
    550-562 McNicoll Ave
    Status
    Acquired April 2024 / Sold April 2024
    Title & Location
    Toronto, ON
    550-562 McNicoll Ave
    Status
    Profile
    Multi-tenant small-bay industrial asset
    Area
    2.43 Acres
    Strategy

    The Property’s functional layout and low in-place rents provided strategic optionality for value-add, by either increasing rents to market or converting to condo for the sale to end users. Shortly after closing the transaction, FAX sold 100% of the Property to a user for a significant return.

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    Toronto, ON
    550-562 McNicoll Ave
    McNicoll Property Photo
  • Whitby, ON
    Champlain Land
    Status
    Acquired September 2023 / Sold December 2023
    Title & Location
    Whitby, ON
    Champlain Land
    Status
    Profile
    Vacant industrial land (zoned)
    Area
    8.39 Acres
    Strategy

    FAX acquired the land at an opportunistic price due to a floodplain, which extends through the 10-acre gross site area.  FAX, along with its partner Black Dog Developments, delineated the site and determined there was ~33% more developable acreage on site than originally perceived.

    FAX acquired the Champlain Land with the intention to develop 162,000 square feet of small-bay industrial condos; however, shortly after closing the transaction a user registered its interest to acquire the land.  Following only 3.5 months of ownership, FAX sold the Champlain Lands, resulting in strong value-add returns within a short period of time.

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    Whitby, ON
    Champlain Land
    Champlain Land Photo

Global Real Estate Asset Management Expertise Driving Growth

Management Team Brings Comprehensive Public and Private Market Asset Management and Transactional Experience to FAX Real Estate

Brian Bastable

Managing Partner

Brian Bastable

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Steve Hodgson

Managing Partner

Steve Hodgson

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Natesa Bourque

Associate

Natesa Bourque

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Ryan Caughey

General Counsel

Ryan Caughey

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Edward Merchand

Chief Financial Officer

Edward Merchand

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Richard Sellner

Vice President

Richard Sellner

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  • Managing Partner
    Brian Bastable

    Brian Bastable is a Managing Partner of FAX Real Estate. Mr. Bastable previously spent 8 years at Slate Asset Management, where he was a Managing Director of Canadian Investments. During his tenure, Mr. Bastable was responsible for overseeing the origination and execution of Slate’s investments and strategic initiatives across Slate’s private equity, public vehicle, and separate account platforms in Canada.

    Prior to Slate, Mr. Bastable spent 11 years with Brookfield Financial, the real estate advisory arm of Brookfield Asset Management, where he was involved in over $5 billion of transactions throughout Canada, the United States and Brazil. Mr. Bastable holds an Honours Bachelor Degree in Economics from Western University (Huron College).

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    Managing Partner
    Brian Bastable
    Brian Bastable
  • Managing Partner
    Steve Hodgson

    Steve Hodgson is a Managing Partner of FAX Real Estate. Mr. Hodgson previously spent 9 years at Slate Asset Management, where he was a Managing Director and the Chief Executive Officer of Slate Office REIT. During his tenure, Slate Asset Management grew from $2 billion to $13 billion of assets under management, expanded globally, and generated outsized risk-adjusted returns. 

    Prior to Slate, Mr. Hodgson spent 9 years with Oxford Properties Group, the real estate arm of OMERS, working in various investment and asset management roles. Mr. Hodgson holds an Honours Bachelor of Commerce degree and a Master of Business Administration, both from Queen’s University.

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    Managing Partner
    Steve Hodgson
    Steve Hodgson
  • Associate
    Natesa Bourque

    Natesa Bourque is an Associate at FAX Real Estate and is responsible for the financial underwriting of investment opportunities, and will assist with business development, capital raising and investor relations. Ms. Bourque was previously an Analyst at Slate Asset Management and gained experience in development, investments, asset management, and capital markets. While completing a Bachelor of Commerce (Honours) with specialization in Real Estate Management from Toronto Metropolitan University (formerly Ryerson University), Ms. Bourque held positions at Colliers, PSP Investments, Slate Asset Management and RioCan REIT.

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    Associate
    Natesa Bourque
    Natesa Bourque
  • General Counsel
    Ryan Caughey

    Ryan Caughey is the General Counsel and Corporate Secretary of FAX Real Estate and FAX Capital. Mr. Caughey also serves as the General Counsel and Corporate Secretary of Federated Capital, a private single family office. 

    Prior to his current role, Mr. Caughey was the Senior Vice President, General Counsel and Corporate Secretary of Sentry Investments. Prior to joining Sentry in 2006, Mr. Caughey worked as an associate lawyer at Osler, Hoskin & Harcourt LLP in Toronto. Mr. Caughey obtained a bachelor of laws from Queen’s University in 2002 and was admitted to the Law Society of Upper Canada in 2003.

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    General Counsel
    Ryan Caughey
    Ryan Caughey
  • Chief Financial Officer
    Edward Merchand

    Edward Merchand is the Chief Financial Officer of FAX Real Estate and FAX Capital. Mr. Merchand also serves as the Treasurer of Federated Capital, a private single family office. Mr. Merchand has over 25 years of experience within the financial services industry, most recently as the CFO of Sentry Investments.  

    Prior to that, Mr. Merchand was the CFO of Mackenzie Financial Corporation. Mr. Merchand’s professional designations include being certified as a Chartered Professional Accountant (CPA) and Chartered Accountant (CA). He is also a member of the Institute of Chartered Accountants of Ontario.

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    Chief Financial Officer
    Edward Merchand
    Edward Merchand
  • Vice President
    Richard Sellner

    Richard Sellner, Vice President of Operations of FAX Real Estate and FAX Capital, has over 20 years of experience in the asset management industry. Most recently, Mr. Sellner was a general consultant specializing in compliance, operations and succession management to small and medium-sized portfolio managers and investment fund managers. 

    Prior to that, Mr. Sellner was a Partner and Director of Finance and Operations for CGOV Asset Management and was a key member of the team that grew the firm from $400 million to $5.3 billion before being sold to Fiera Capital Corporation. Mr. Sellner has a BA from Wilfrid Laurier University and holds the Chartered Investment Manager (CIM) designation from the Canadian Securities Institute.

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    Vice President
    Richard Sellner
    Richard Sellner