Salthill

What Salthill does

Salthill Capital is a Canadian privately held and employee-owned real estate investment and management firm headquartered in Toronto, founded in 2003 and operating across 51–100 employees. The firm manages approximately $3 billion in assets and 10 million square feet across a portfolio of 60+ retail, office, industrial, and mixed-use properties spanning seven Canadian provinces (Alberta, British Columbia, Manitoba, New Brunswick, Ontario, Quebec, and Saskatchewan). Its portfolio includes grocery-anchored shopping centres, enclosed malls, open-air plazas, mid- and high-rise office buildings, industrial/warehouse assets, and mixed-use developments with residential components such as Geocentral, Debut Condos, and the master-planned Pickering City Centre.

The firm operates a fully integrated five-line platform: Investment Management, Asset Management, Property Management, Leasing, and Master Planning/Development & Construction, supplemented by an ESG service line and an Investor & Client Portal. Its wholly-owned subsidiary, Salthill Property Management Inc. Real Estate Brokerage, executes leasing across the portfolio. Tenants include national and international retail anchors (Walmart, Sobeys, Metro, Food Basics, Shoppers Drug Mart, Dollarama, LCBO, Lowe's, Winners, Lululemon, Whole Foods, Yves Saint Laurent, Alexander Wang), financial institutions, and office tenants. The firm also pursues mixed-use intensification and master-planned developments such as the Pickering City Centre, where it operates a LEED Gold certified office tower alongside a 700,000 sf retail component within a 10+ tower masterplan.

Salthill generates revenue through management fees on assets under management, leasing commissions on portfolio transactions, property management service fees, and development/construction management fees for master-planned and intensification projects. The go-to-market is enterprise field sales targeting institutional investors (pension funds, sovereign wealth funds, insurance companies) for capital mandates and commercial tenants for leasing, distributed through a national leasing team, property-level website listings, ICSC industry engagement, and direct relationship management.

Name

Salthill

Legal name

Salthill Capital

Website

https://salthillcapital.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

51–100 employees

Short description

Salthill Capital is a Canadian privately held and employee-owned real estate investment and management firm with $3 billion in assets and 10 million square feet under management across 60+ retail, office, industrial, and mixed-use properties in seven provinces. It serves institutional investors and commercial tenants through an integrated platform spanning investment, asset, property, leasing, and development services.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment and Management

NAICS

Nonresidential Property Managers (531312), Real Estate Property Managers (53131), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Real Estate Dealers (For Their Own Account) (6532), Investment Advice (6282)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industries

Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL), Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA), Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Commercial real estate investment
• Asset management services
• Property management services
• Commercial leasing
• Real estate development

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Investment Management Fees: Salthill generates revenue through management fees charged on assets under management, representing compensation for fund management, acquisition services, and ongoing portfolio oversight for institutional investors and separate accounts.
2. Leasing Commissions: Revenue from negotiating and securing lease agreements for retail, office, and industrial tenants across the portfolio, typically structured as percentage-based commissions on transaction value.
3. Property Management Services: Full-service property management including maintenance, tenant relations, and operational oversight, provided to owned assets and potentially third-party clients.
4. Development and Construction Management: Revenue from master planning, entitlement, and construction oversight for development projects, including value-creation through redevelopment and intensification of existing assets.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Salthill Capital is a Canadian privately held and employee-owned real estate investment and management firm operating a fully integrated platform that delivers five core service lines: Investment Management (fund strategy and acquisitions for institutional investors), Asset Management (strategic portfolio oversight), Property Management (hands-on operational management), Leasing (national leasing team attracting tenants across retail, office, and industrial properties), and Master Planning, Development & Construction (entitlement strategy and development oversight). The firm manages $3 billion in assets across approximately 10 million square feet of retail, office, industrial, and mixed-use properties spanning 7 Canadian provinces.

Product overview

Salthill is a Canadian privately held and employee-owned real estate investment and management firm with $3 billion in assets and 10 million square feet under management. The company operates as a fully integrated real estate platform offering five core service lines: Investment Management, Asset Management, Property Management, Leasing, and Master Planning/Development & Construction. The Investment Management service optimizes asset value through targeted acquisitions and fund strategy, while Asset Management provides strategic oversight aligned with investment objectives. Property Management delivers hands-on services with an owner's mindset, Leasing attracts top-tier tenants nationwide, and Master Planning covers entitlement strategy and development oversight. The company also offers an ESG (Environmental, Social, Governance) service integrating sustainability across all projects, and an Investor & Client Portal for secure document access. Salthill's portfolio spans retail (shopping centres, strip plazas), office (tower buildings), industrial (warehousing/manufacturing), and mixed-use properties across Canada, with properties including The Shops at Morgan Crossing, 110 Bloor Street West, Billings Bridge Shopping Centre, Pembroke Mall, Meadowlands Mall, and numerous other retail and commercial properties. The portfolio includes grocery-anchored centres, enclosed shopping malls, open-air plazas, office towers, and mixed-use developments serving residential and commercial needs.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Management Optimizes the value of real estate assets through targeted acquisitions, fund strategy, and disciplined risk management to deliver exceptional returns for institutional investors and clients. Salthill manages $3 billion in assets across funds and separate accounts.
• Asset Management Strategic oversight ensuring every asset is aligned with investment objectives, maximizing financial performance while managing risk across Salthill's portfolio of 60+ properties.
• Property Management Hands-on, responsive property management services delivered with an owner's mindset, adding lasting value for owners and enhancing experiences for tenants across Salthill's portfolio.
• Leasing National reach with local insight to attract top-tier tenants and negotiate lease terms that support long-term asset value, delivered by a dedicated leasing team for retail, office, and industrial space.
• Master Planning, Development & Construction Comprehensive services from vision to execution, including thoughtful planning, entitlement strategy, and development oversight to drive property value across Salthill's development projects and mixed-use intensification initiatives.
• Investor & Client Portal Secure online portal for investors and clients to access documents, fund information, and account details for their real estate investments with Salthill.

Named customers10 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Kipling Realty ManagementminorImplementation/ SI/ Consulting PartnerThird-party property management company providing leasing and property management services for Northland Mall in London, Ontario. Salthill retains ownership while Kipling handles day-to-day property operations.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Crombie REIT: Canadian REIT with grocery-anchored and necessity-based retail, anchored by Sobeys and Empire. Closely comparable on grocery-anchored shopping centre strategy, Canadian footprint, and long-term landlord-tenant partnerships.
• Morguard Corporation: Canadian real estate investment and management firm with diversified retail, office, industrial, and multifamily holdings and integrated asset/property management services. Comparable to Salthill as a private-ish integrated Canadian CRE platform.
• RioCan REIT: Largest Canadian REIT with a portfolio concentrated in retail (grocery-anchored, enclosed malls, mixed-use). Directly comparable to Salthill on retail asset focus, Canadian footprint, and integrated development/asset management approach.
• First Capital REIT: Canadian REIT focused on grocery-anchored, mixed-use, and necessity-based retail properties across Canada. Comparable to Salthill on asset class (retail), geography (Canada), and investment strategy (urban/urban-franchise, grocery-anchored).
• KingSett Capital: Canadian private equity real estate firm managing funds and separate accounts for institutional investors with focus on office, retail, industrial, and mixed-use. Comparable to Salthill on institutional capital management and integrated investment/asset management offering.
• SmartCentres REIT: Canadian REIT anchored by Walmart, focused on retail and mixed-use development. Comparable to Salthill on Walmart-anchored retail focus, Canadian geography, and development-led value creation.
• Choice Properties REIT: Canadian REIT majority-owned by Loblaw, focused on retail properties (grocery-anchored). Highly comparable to Salthill's grocery-anchored shopping centre strategy and tenant base (including tenants like Metro, Shoppers Drug Mart).
• Crestpoint Real Estate Investment Trust: Canadian unlisted REIT investing in office, retail, and industrial properties on behalf of institutional investors. Comparable to Salthill on serving institutional capital with diversified Canadian CRE exposure.

Broad incumbents

• Brookfield Asset Management (Real Estate): Global real estate investment manager operating across retail, office, multifamily, logistics, and alternative assets. Comparable as a benchmark institutional real estate platform but at much greater scale and broader mandate than Salthill.

Emerging players

• Allied Properties REIT: Canadian REIT focused on urban office workspace, particularly in Toronto, Montréal, Vancouver, and Calgary. Partially comparable to Salthill's office portfolio (e.g., 18 King Street East, 1200 Bay Street, Billings Bridge Tower).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/salthill-capital

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Salthill