Churchill International Property

What Churchill International Property does

Churchill International Property Corporation is a privately held, Vancouver-based commercial real estate investment and management firm founded in 1989 by Philip J. Langridge. The company acquires, finances, develops, and manages income-producing real estate — primarily multifamily residential, industrial, retail shopping centres, and office — across British Columbia, Alberta, Ontario, and Georgia (USA), with affiliated entities in the UK and the US. Its reported scale includes $200M in Assets Under Management, 1.5M+ square feet owned/managed, 15 properties in active funds, $1.25B+ in cumulative transactions since 1970, and over 5,000 investors across 24+ syndicated funds. The firm states it has never lost an investor's principal over 40+ years and reports average IRRs of 12-14.1% on completed funds with 5-12% annual distributions.

Churchill operates two primary investment product lines: (1) private placement Limited Partnerships targeting Accredited Investors with a $25,000 minimum, syndicated since 1985 and totalling $450M+ in equity raised, and (2) the Churchill Real Estate Investment Trust (REIT), a private REIT launched in 2016 via the Offering Memorandum exemption with a $5,000 minimum and a graduated NAV-based liquidity mechanism. Distribution is conducted through a small direct sales team led by a VP of Investor Relations, supported by a basic company website; no digital marketing or content channels at scale were identified. The firm also operates an in-house property and asset management arm (Churchill Property Corporation), providing vertically integrated services spanning tenant management, capital upgrades, leasing, and financing negotiations.

The company's go-to-market is relationship-driven and capital-formation-led, with no parent holding company and founder-controlled ownership. Strategic differentiation rests on a 99-year prepaid lease model with Westbank First Nation (since 2010) for shopping centre and mixed-use development on First Nations land, a 40+ year track record anchored to never having lost investor capital, and anchor tenant relationships with investment-grade and creditworthy counterparties such as NRI Distribution, Shoppers Drug Mart, RBC, TD Canada Trust, and Dollarama. Technology is not a material dimension of the business; operations and investor onboarding are manual and team-mediated.

Name

Churchill International Property

Legal name

Churchill International Property Corporation

Website

https://churchillinvestments.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

11–50 employees

Short description

Churchill International Property Corporation is a Vancouver-based private commercial real estate firm that acquires, finances, and manages multifamily, industrial, retail, and office properties in Canada and the US through syndicated limited partnerships and a private REIT, serving accredited and eligible individual investors.

Ownership category

akta.pro rank

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure, Others

Revenue model

1. Private Placement Limited Partnerships: Churchill syndicates Limited Partnerships for individual commercial real estate properties. Investors purchase units representing percentage ownership. The General Partner manages assets on behalf of the partnership. Distributions are made after deducting maintenance capital. Tax deductions flow through to investors.
2. Churchill REIT (Real Estate Investment Trust): A private REIT launched in 2016, available to eligible investors under the Offering Memorandum exemption with a minimum investment of $5,000. Provides steady income stream with tax-advantaged distributions and capital appreciation potential. Investors receive quarterly NAV-based valuations.
3. Property and Asset Management Fees: Churchill Property Corporation (in-house licensed property management company) manages day-to-day operations of properties. The company oversees asset management, leasing, strategic capital upgrades, and financing negotiations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Churchill International Property Corporation is a Vancouver-based commercial real estate investment firm that acquires, owns, leases and manages income-producing real estate including residential apartments, townhomes, shopping centres, office buildings, and industrial and distribution centres. The company raises capital from individual investors by syndicating private placement Limited Partnerships (Accredited Investors, $25,000 minimum) and operating a private Real Estate Investment Trust (Churchill REIT, $5,000 minimum), and provides in-house property and asset management services across its portfolio.

Product overview

Churchill International Property Corporation operates as a full-service commercial real estate investment company offering two primary investment product lines: (1) Churchill REIT, a private Real Estate Investment Trust launched in 2016, and (2) Limited Partnership investment products syndicated since 1989. The company also provides property and asset management services through its in-house Churchill Property Corporation subsidiary. The REIT and Limited Partnerships are distinct investment vehicles with different minimum thresholds and investor eligibility requirements—the REIT targets eligible investors with a $5,000 minimum, while Limited Partnerships require $25,000 minimum and are available only to Accredited Investors. Both product types focus on commercial real estate assets including multifamily, industrial, retail, and office properties across North America.

Differentiator

Problem solved

Functional benefit

Products and services

• Churchill REIT A private Real Estate Investment Trust launched in 2016 that offers eligible investors access to a diversified portfolio of Churchill's commercial real estate holdings with a minimum investment of $5,000. The REIT provides quarterly NAV-based valuations and a graduated discount liquidity mechanism (95% in year 1 up to 100% after 5 years) for redemptions, and targets tax-advantaged distributions and capital appreciation.
• Limited Partnership Investment Products Private placement Limited Partnership offerings requiring a minimum investment of $25,000 and available exclusively to Accredited Investors. These non-traded securities represent percentage ownership in specific commercial real estate assets, with the General Partner managing the property on behalf of the partnership, making distributions after maintenance capital, and passing through tax deductions (capital cost allowance, management fees) to investors.
• Property Management Services Day-to-day property management services for commercial real estate assets provided through the in-house Churchill Property Corporation, covering industrial, office, retail, multifamily and special-purpose properties. The service includes tenant management, vendor management, budgets, capital expenditures, leasing administration and financial reporting.
• Asset Management Services Comprehensive asset management covering strategic capital upgrades, hands-on property operation, tenant needs fulfilment, income optimization, and financing negotiation across Churchill's portfolio of owned, leased and managed commercial real estate exceeding 1.5 million square feet.

Quantifiable outcome

• Over $1.25 Billion in successful transactions since 1970
• +5 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Westbank First NationcoreStrategic or Co-development Partner · 1 January 2010Joint venture partner (50/50) with Churchill and Property Development Group Limited Partnership on Okanagan Lake Shopping Centre development in Westbank, BC. Project involves 99-year prepaid lease agreement secured by legally binding title insurance. Located on Westbank First Nation land, the development includes bright, vibrant buildings with First Nation artwork and provides jobs and opportunities to Westbank First Nation members.
• Property Development Group Limited PartnershipcoreStrategic or Co-development Partner50% partner in the Churchill-Property Development Group Limited Partnership joint venture with Westbank First Nation for the Okanagan Lake Shopping Centre development. Churchill's affiliates own partial interests: Churchill 10 (45%) and Churchill OLSC (45%) in the partnership.
• Churchill Property CorporationminorOthersAffiliated company with head office in Marlow, Bucks England, UK. Related entity within the Churchill network of companies.
• Churchill Property Group Ltd.minorOthersAffiliated company with head office in Atlanta, GA, USA. Related entity within the Churchill network of companies.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Firm Capital Corporation: Firm Capital Corporation is a Toronto-based private equity and real estate investment firm that syndicates limited partnerships and MICs for Canadian real estate, closely mirroring Churchill's LP-led model and Accredited Investor focus.
• WPT Industrial REIT: WPT Industrial REIT is a Canadian-focused industrial REIT with distribution/logistics properties in Western Canada — closely comparable to Churchill's Dallas Drive industrial portfolio and NRI Distribution anchor tenant.
• Crown Capital Partners: Crown Capital Partners is a Canadian specialty finance and private equity firm deploying capital across commercial real estate and operating businesses; comparable in deploying LP/syndicated capital into Canadian commercial real estate.

Broad incumbents

• Morguard Corporation: Morguard is a major Canadian REIT and real estate investment manager with diversified office, retail, industrial, and multifamily holdings across North America, providing a scaled comparable for Churchill's asset/portfolio management business.
• RioCan REIT: RioCan is one of Canada's largest REITs, focused on retail properties with major national tenants; it represents the public-market equivalent of Churchill's shopping centre/retail investment thesis.
• BTB REIT: BTB is a publicly-traded Canadian REIT acquiring retail properties — a comparable for Churchill's shopping centre focus, though at greater scale and with daily liquidity.
• Colliers International Group: Colliers provides commercial real estate services including property and asset management globally; comparable to Churchill's in-house Churchill Property Corporation subsidiary operations.
• Brookfield Asset Management: Brookfield is a global alternative asset manager with extensive real estate operations; comparable as a scaled incumbent in the institutional real estate investment management category Churchill operates in.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

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 Churchill International Property