The Torgan Group

What The Torgan Group does

The Torgan Group is a privately held Canadian commercial real estate owner, developer, and manager founded in the early 1980s by Eli Swirsky and Sam Cohen, headquartered at 720-25 Sheppard Ave W in Toronto. The company has developed, owned, and managed over 70 commercial projects totaling more than 3.5 million square feet, concentrated in Ontario with additional exposure in Calgary, Alberta (New Horizon Mall, 320,000 sq ft) and Milpitas, California. The portfolio is bifurcated into medical office buildings (approximately 20+ properties, ranging from 10,300 to 76,800 sq ft, frequently sited adjacent to hospitals such as North York General, Scarborough General, Oakville Hospital, and Mackenzie Richmond Hill Hospital) and retail properties (notably Pacific Mall at 270,000 sq ft, Main Exchange, First Markham Place, Peterborough Square, and Village by the Grange).

The business model is direct ownership and in-house operation: the company leases space to medical practitioners, healthcare tenants (pharmacy, diagnostic imaging, laboratory, dental), retail tenants, and office users, and collects recurring rental income while providing property management through an in-house team of property managers and on-site superintendents for larger buildings. Leasing is handled directly by an in-house leasing department led by Executive Vice President Heather Goodall and Leasing Manager Esther Connors, with no third-party broker distribution prominently featured. Pricing is not publicly disclosed and is negotiated case-by-case.

The company is pursuing modest expansion into ground-up development, with two publicly disclosed projects — Bowmanville in Clarington (60,000 SF retail & residential on a 15.67-acre site near Hwy 401) and 87 Regina Street South in Waterloo (a 25-storey mixed-use building with 30,000 SF of office space). Leadership is family-influenced (Swirsky and Cohen families) and supplemented by institutional talent, including a Columbia-trained Executive Officer (Maor Cohen), a COO with 35+ years of construction and property management experience (Philip Duchen), and a CIO/AACI designated investment lead (Ross Cannata). No external PE/VC backing, no acquisitions, no public listing, and no proprietary technology platforms are disclosed.

Name

The Torgan Group

Legal name

The Torgan Group

Website

https://torgan.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

101–250 employees

Short description

The Torgan Group is a privately held Canadian commercial real estate firm founded in the 1980s that owns and manages 70+ medical office and retail properties totaling over 3.5 million square feet across Ontario, Calgary, and Milpitas, California, leasing space directly to healthcare tenants and retailers via an in-house team.

Ownership category

akta.pro rank

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Commercial Property Leasing: The Torgan Group generates revenue primarily through leasing commercial and retail space across its portfolio of over 70 properties totaling more than 3.5 million square feet. Revenue comes from rental income from tenants in medical centers, retail plazas, office space, and institutional buildings. All properties maintain full or near-full occupancy.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

The Torgan Group owns, develops, and manages a portfolio of more than 70 commercial real estate projects totaling over 3.5 million square feet across Ontario, Calgary, and Milpitas, California. Its offerings consist of medical office buildings, retail malls and plazas, and mixed-use developments, leased directly to healthcare practitioners, retailers, and office tenants under in-house property management. The company also conducts real estate development of new commercial and mixed-use projects such as the Bowmanville Development and the 87 Regina Street South project in Waterloo.

Product overview

The Torgan Group is a commercial real estate company that owns and operates a diversified portfolio of retail and medical properties across Ontario, Calgary, Alberta, and Milpitas, California. The company manages over 70 commercial projects totaling more than 3.5 million square feet since its founding in the early 1980s. The portfolio consists of retail properties (malls and retail plazas) and medical properties (medical centres and medical office buildings). Key retail properties include New Horizon Mall (Calgary, 320,000 ft2), Pacific Mall (Markham, 270,000 ft2), Main Exchange (Vaughan, 143,800 ft2), Peterborough Square (Peterborough, 165,000 ft2), and First Markham Place (Markham, 130,600 ft2). The medical portfolio includes approximately 20+ medical centres across Ontario, ranging from 10,300 ft2 to 76,800 ft2, including Oakville Medical (76,800 ft2), Leslie Medical Centre (46,000 ft2), and Sunnyside Medical Arts Centre (49,400 ft2). The company also provides property management services conducted in-house with qualified property managers and on-site superintendents for larger buildings. Developments include the Bowmanville Development in Clarington (60,000 SF of retail and residential) and 87 Regina Street South in Waterloo (25-storey mixed-use with 30,000 SF office space).

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Property Leasing — Medical Office Buildings Direct leasing of owned medical office buildings to healthcare practitioners, medical groups, pharmacies, diagnostic imaging operators, laboratories, dentists, and optometrists across approximately 20+ medical centres in Ontario, with properties strategically located adjacent to hospital campuses.
• Commercial Property Leasing — Retail Malls and Plazas Direct leasing of owned retail malls and shopping plazas to anchor retailers, restaurants, financial institutions, and specialty retailers across properties such as Pacific Mall, New Horizon Mall, Main Exchange, First Markham Place, and Village by the Grange.
• Property Management Services In-house property management conducted by qualified property managers, support personnel, and on-site superintendents for larger buildings, covering day-to-day operations, maintenance, tenant relations, and CAM reconciliation across the portfolio.
• Real Estate Development Services Development of new commercial and mixed-use real estate projects, including the Bowmanville Development in Clarington (60,000 SF of retail and residential) and the 87 Regina Street South project in Waterloo (25-storey mixed-use with 30,000 SF office space).
• Tenant Portal Online tenant portal for Torgan Group tenants to access their accounts and manage tenancy-related needs; currently listed as 'Coming Soon.'

Quantifiable outcome

• Over 70 commercial projects successfully developed, owned, and managed
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• NorthWest Healthcare Properties REIT: Canadian REIT focused on medical office buildings and healthcare real estate across Canada and globally. Directly comparable to Torgan's medical portfolio strategy and tenant base (physicians, diagnostic imaging, labs).
• RioCan REIT: Canada's largest retail REIT, owning shopping centres and mixed-use retail real estate. Comparable to Torgan's retail plazas (Main Exchange, First Markham Place, New Horizon Mall) and overall commercial leasing model.
• Choice Properties REIT: Canadian REIT focused on retail and mixed-use properties, with a portfolio anchored by Loblaw stores. Comparable in retail property ownership, leasing approach, and Canadian real-estate-operator focus.
• SmartCentres REIT: Canadian open-format retail and mixed-use REIT with a large national portfolio. Directly comparable to Torgan's retail plaza strategy and value-oriented retail tenant mix.
• Crombie REIT: Canadian REIT with retail, office, and mixed-use properties including a Sobeys-anchored portfolio. Comparable to Torgan's mix of retail, office (Peterborough Square), and mixed-use assets.
• Primaris REIT: Canadian open-format retail REIT focused on enclosed malls and retail plazas. Directly comparable to Torgan's enclosed mall assets (Pacific Mall, New Horizon Mall) and retail leasing model.
• Morguard Corporation: Canadian real estate company owning and managing a diversified portfolio of retail, office, industrial, and multi-suite residential. Comparable in mid-market Canadian CRE ownership, in-house management, and multi-decade operating history.
• CT REIT: Canadian retail REIT focused on necessity-based retail anchored by Canadian Tire. Comparable retail property ownership model and Canadian portfolio focus.
• DREAM Unlimited: Canadian real estate company with retail, residential, and mixed-use development. Comparable in development activities (Bowmanville/Regina-style projects) and Canadian commercial property management.

Broad incumbents

• Brookfield Property Group: Major global real estate owner-operator with significant retail, office, and healthcare exposure. Broader incumbent comparable given scale; not a head-to-head MOB competitor to Torgan's niche.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/thetorgangroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 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 The Torgan Group