As experts in North American real estate ownership, investment and management, Morguard is a proven vehicle for realizing the full potential of real estate. Morguard has grown to become a leading fully integrated real estate organization, with more than 1,300 dedicated employees and over $11 billion of assets owned and under management.
Morguard manages its own real estate portfolio, as well as invests and manages on behalf of third-party institutional and private real estate investors. Morguard offers a comprehensive range of real estate management services, from acquisitions and development, to asset management, leasing, property management, research, and valuation services. For Morguard, diversification is a key strategy and strength. Highly experienced and well managed, Morguard has a proven investment performance spanning more than three decades.
At Performance Court, Morguard managed the project through all phases of development: acquisition, design, pre-leasing and construction. This innovative building is targeted as a LEED Gold designation with a 45% reduction in energy consumption compared to the Model National Energy Code for Buildings (MNECB). This will translate into direct savings to tenants. When complete, Performance Court will be the premier Class A office building in Ottawa’s central business district for private sector tenants.
Created in 1960, the Healthcare of Ontario Pension Plan (HOOPP) is the pension plan of choice for Ontario’s hospital and community-based healthcare sector with over 370 participating employers and more than 270,000 plan members and retirees. HOOPP invests the assets of its $40 billion Fund, administers the Plan and pays more than $1.3 billion per year in pension benefits. The HOOPP defined benefit plan provides security and peace of mind to Ontario’s healthcare workforce.
HOOPP’s real estate portfolio, valued at about $6 billion, is an important part of keeping that pension promise, as its holdings in Canada and abroad provide steady monthly income via rent cheques, just like a pension. HOOPP is a leader in the development of environmentally efficient real estate; its AeroCentre V and Telus Tower buildings have won prestigious LEED Gold designations.
As a defined benefit plan, HOOPP provides eligible members with retirement income based on a formula that takes into account a member’s earnings history and length of service in the Plan. Once eligible members start receiving a pension, they receive it for life. HOOPP’s assets are actively managed using a diversified, long-term investment strategy.