Last year stood as a testament to strategic resilience and foresight for CanFirst Capital Management. Amidst a landscape marred by economic uncertainty, rising interest rates, and inflationary pressures, the private real estate firm not only fortified existing operations but also achieved a significant milestone in capital raising—a feat that many found challenging in such turbulent times.

With more people working from home and companies scrambling to keep their supply chains running, some developers are taking a second look at office buildings and replacing them with industrial space.

CanFirst Capital Management has made four recent industrial acquisitions in the greater Toronto and Vancouver markets through two of its funds, which isn’t easy considering how hot the asset class is.

This is a very busy time for CanFirst Capital Management. The firm has already set a record for acquisitions in 2019, continues to seek investments for its first open-ended fund, and is preparing to launch its seventh closed-end fund.