The BCIT REA was very excited to host their Commercial Real Estate Industry Panel last Thursday. With the goal to better enrich the overall learning experience of the students, we decided to host a panel styled discussion with 5 professionals. The wide array of professionals brought perspectives from all ends of the spectrum and allowed us to dive deeper into concepts and real world problems that are all inherently present in the Lower Mainland. The discussion was extremely educational and supplemented our in-class learning. This event format was a first of its kind for BCIT and might transpire into a yearly tradition. Once again, a huge thank-you to our sponsors CMLS Financial and Concert Properties for helping put on such an amazing event. And a special thank you to the REIBC for helping organize and for their ongoing and continual support of the BCIT REA. - Brandon Sibal
David Podmore, RI & Andrew Tong, RI
Under the leadership and guidance of David Podmore, RI Chairman & CEO of Concert Properties, Concert created and recently introduced a new fully-subscribed, open-ended commercial real estate fund. Generating attractive returns for investors, the CREC Commercial Fund LP contains $1 billion in assets with the potential of an additional $500 million in acquisitions to be invested over the next three years.
Andrew Tong, RI Senior Vice President, Investments of Concert will be the Managing Director of this real estate fund. The company expects to grow the Fund with more investments and is positioned to raise additional capital through future offerings of this commercial fund. It creates an investment vehicle with long-term operating history on the properties, and is an
excellent alignment between Concert and any new investors.
The CREC Commercial Fund is composed of 60 existing commercial properties that were transferred from Concert Real Estate Corporation to become the foundation of the Fund. All 60 assets of the CREC Commercial Fund are located in Canada (38% BC, 23% AB, 39% ON). Similar institutionally subscribed, open-ended Canadian funds are based mostly in Toronto.
Nathan Worbets, RI
Past-President Nathan Worbets,RI started 2017 with a new title and a new company. In late November 2016 after 16 years with Morguard Nathan moved from his position as Director, Development – Central Canada to Vice President, Development with Madison Pacific Properties. He will be leading up the development program, developing industrial, office and retail properties as well as looking at future acquisition opportunities.
Nathan held the position of President of REIBC from 2011-2012 and has been a member of the Institute for the past 13 years. Madison Pacific Properties owns, manages and develops high quality commercial real estate assets located in Western Canada.
Keith MacLean-Talbot, RI
REIBC Governor Keith MacLean-Talbot and his wife Courtney have recently welcomed the arrival of their first child, a baby boy! Keith sent us the following announcement that we would like to share!
"Courtney and I are pleased to announce that Connor James MacLean-Talbot came flying into our arms on Feb 17, 2017 at 6:54pm weighing 7lbs 15oz. Mom and Baby are doing well. We are back home now and adjusting to the new lifestyle with our bundle of joy."
Congratulations to you both!
REIBC's 24th Annual Charity Golf Tournament
REIBC's 24th annual golf tournament is taking place on June 21, 2017 at the Richmond Country Club! Last year we raised more than $36,000 to benefit the Make-A-Wish Foundation of BC & Yukon; a record. Join us on June 21st so we can surpass that record so that more wishes can be granted to many deserving children in BC & Yukon!
Registration is open, register today or give us a call if you'd like to donate.
Click here! Early bird pricing is in effect!
REIBC Award of Excellence
The membership of the REIBC includes many individuals who provide outstanding service to the Institute, to the real estate industry, and to their own communities. The Institute recognizes select professional members who have been nominated by their peers and have achieved service excellence in each of these areas by awarding them with the Real Estate Institute of British Columbia's Award of Excellence.
Nominate an RI by filling out this nomination form and email it to firstname.lastname@example.org. Nomination deadline is May 5 ,2017.
The Award will be presented on Thursday, June 8, 2017 at the REIBC Recognition Event!
Meet A Member
In an effort to meet more of our members we will be showcasing member profiles each month! We will be in touch! If you want to be the next member featured, let us know.
Meet Kelvin Coley-Donohue, RI
Greetings everyone! I am a Real Estate appraiser in my 20th year with Campbell and Pound Commercial Ltd., based in Richmond. I joined the Appraisal Institute of Canada in 1997, I achieved my AACI in 2003. I joined the REIBC and was awarded my RI(BC) in 2004. I joined the Real Estate Institute of Canada in 2012, and achieved my CRP in 2013. In our firm, I work primarily on Right of Way projects, Market Rent Studies, and Depreciation Reports, and recently co-managing the Commercial division.
Real Estate Appraisal is my fourth and final career, and it has been the most interesting and intellectually rewarding. Being a member of the very dynamic REIBC has proven to be a great avenue to meet contacts and potential clients. I have also been an active volunteer all of my life, I strongly believe we all have to do our part. My mentor at Campbell and Pound, Dan Jones, introduced me to many, many people in the AIC and REIBC. From there I have participated in “Meet the Pros” nights, spoken to Langara and UBC Real Estate Club students; served on AIC-Vancouver Chapter including as Chair; Co-Chaired the Vancouver 2007 committee for the AIC National Conference; in 2014, elected to serve as a Director for AIC-BC, where I handle the Marketing and Communications Charter.
My wife, Leslie and I celebrated our 40th anniversary in 2016, with our two daughters and son-in-law. Many of you who know me, know I wear hats all the time. In a recent trip to our local thrift store, I parted with 10 hats, which I am sorry to say, wasn’t half of the collection!
Meet Rhiannon Carpentier, RI
I completed my BBA in 2011 and began working for BC Assessment in 2012. I currently work in our Surrey office where I have been an Appraiser working on several different teams handling portfolios involving residential, industrial and special purpose properties. I received my designation with REIBC in October 2015 and I have been volunteering as a Chapter Director ever since. I am passionate about learning and development, and I frequently provide mentorship and training in my organization. I am looking forward to the next few months where I will be traveling throughout the province providing new training to our staff on our new performance management practices.
My current goal is to gain as much experience and knowledge with different property types as possible so that I can become a well rounded Appraiser. Outside of work, I am currently working to complete my income property guided case study through Sauder School of Business.
I enjoy spending time outdoors hiking, traveling (most recently to Bali), and socializing with friends and family!
Deputy Superintendent - Office of the Superintendent of Real Estate
Property Manager - Coast Mental Health
Senior Project Manager - Concert Properties
Vice President, Development - Concert Properties
Senior Land Acquisition Officer - Ministry of Forests, Lands and Natural Resource Operations
Valuation Consultant, Real Property Group - Suncorp Valuations Ltd.