CARTTERA PRIVATE EQUITIES INC.

Name

CARTTERA PRIVATE EQUITIES INC.

Legal name

Carttera Private Equities Inc.

Website

https://carttera.com

Company type

Private

Operating status

Operating

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Real Estate Property Managers (53131), Activities Related to Real Estate (5313)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

Keywords

• Real estate investment
• Asset management
• Fund management
• Commercial development
• Institutional real estate

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

Revenue model

1. Fund Management: Carttera manages closed-end pooled funds (Urban Intensification Funds) investing in development projects. Fund investors include top-tier Canadian pension funds and insurance companies. Carttera earns management fees and carried interest from fund operations.
2. Segregated Mandates: Asset management services for long-term institutional clients where Carttera manages the entire real estate process from sourcing, acquisition, construction and development to lease up, creating long-term value and growth potential.
3. Core Plus Fund: Asset management of stabilized income properties within the Core Plus Fund of stabilized income properties.
4. Development and Leasing: Real estate development and leasing transactions for commercial, industrial, and residential properties generating development profits and lease transaction fees.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Carttera is a Canadian real estate investment fund manager, asset manager, and developer operating in the Greater Toronto Area and Montreal. The company operates three business lines: Urban Intensification Funds (closed-end pooled funds for institutional investors), Segregated Mandates (customized portfolio management for institutional clients), and a Core Plus Fund of stabilized income properties. Carttera develops and manages office, industrial, residential (purpose-built rental and condominium), and mixed-use real estate projects, totaling over $7.5 billion in development value across more than 12 million square feet.

Product overview

Carttera Private Equities Inc. is a Canadian real estate investment fund manager, asset manager, and developer operating primarily in the Greater Toronto Area and Montreal. The company offers three core business lines: Urban Intensification Funds (closed-end pooled funds for institutional investors including pension funds and insurance companies), Segregated Mandates (customized investment management for institutional clients), and Core Plus Fund (focused on stabilized income properties). The portfolio spans residential (purpose-built rental and condominium developments), commercial (office), and industrial (speculative industrial) real estate. Key current projects include Portland Commons (560,000 SF LEED Platinum office), 65 King East (400,000 SF LEED Gold office fully leased to Google Canada), The Markwood (234-unit residential), and multiple industrial developments including Vaughan 400, Avonhead Campus, Scarborough Powercore, and Wyecroft Park totaling millions of square feet of industrial space. The company has developed over $7.5 billion in total value and maintains over 20 active developments.

Differentiator

Problem solved

Functional benefit

Products and services

• Urban Intensification Funds Closed-end pooled funds that have invested in development opportunities over the past 15 years, targeting office, flex office, mixed-use, industrial, and condominium development and redevelopment in the GTA and Montreal markets. Fund investors include top-tier Canadian pension funds and insurance companies.
• Segregated Mandates Customized real estate investment management services for long-term institutional clients, managing the entire process from sourcing, acquisition, construction and development to lease up to create long-term value and growth potential.
• Core Plus Fund (Asset Management) Fund focused on stabilized income properties, managed by Carttera's asset management team to maximize value and enhance long-term growth strategies for clients.
• Portland Commons 560,000 SF LEED Platinum Core & Shell Certified high-performance office development in downtown Toronto, targeting LEED Zero Carbon, WELL Gold, WiredScore Platinum, and SmartScore certifications.
• 65 King East 400,000 SF LEED Gold and WiredScore Platinum Certified office development in downtown Toronto, fully leased to Google Canada as its next-generation workspace.
• The Markwood 234-suite purpose-built rental development in Etobicoke with occupancy commencing September 2025.
• Vaughan 400 Two speculative industrial buildings totaling 1.52 million SF at 11260 Jane Street, Vaughan, targeting LEED Gold and Zero Carbon Certifications.
• Avonhead Industrial Campus Two speculative industrial buildings totaling 740,000 SF at 557 & 587 Avonhead Road, Mississauga. Phase One is LEED Gold and Zero Carbon Building Design Certified; Phase Two is targeting Zero Carbon certification.
• Scarborough Powercore Two industrial buildings totaling 498,000 SF at 5705 & 5755 Steeles Avenue East, Scarborough, targeting LEED Silver Certification and Zero Carbon Ready standards with Q1 2027 delivery.
• Wyecroft Park Two speculative industrial buildings totaling 275,000 SF at 3540 & 3560 Wyecroft Road, Oakville. LEED Silver Certified and Zero Carbon Ready.
• 1900 Boundary Road 340,000 SF speculative industrial building at 1900 Boundary Road, Whitby, targeting LEED Silver and Zero Carbon Ready certifications.
• 20 Adelaide Street East 15-storey office building in Toronto's Financial District offering 2,100 to 12,500 SF suites and up to 65,000 SF available with turnkey and build-to-suit opportunities.
• Mainway (3100 Mainway) 252,000 SF speculative industrial development at 3100 Mainway, Burlington. LEED Silver Certified and Zero Carbon Ready.

Quantifiable outcome

• $7.5+ billion in total development value
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core.

• EllisDoncoreImplementation/ SI/ Consulting PartnerEllisDon served as Construction Manager for Portland Commons development, recognized with multiple NAIOP awards including Development of the Year.
• Sweeny & Co Architects Inc.coreStrategic or Co-development PartnerSweeny & Co Architects Inc. was the architect for Portland Commons, which achieved LEED Platinum certification and Green Good Design Award recognition.
• Ecovert Sustainability ConsultantscoreStrategic or Co-development PartnerEcovert Sustainability Consultants served as ESG Consultant for Portland Commons, contributing to its sustainable design achievements.
• CBRE National Investment TeamcoreChannel Partner/ Reseller/ DistributorCBRE National Investment Team (Peter Senst, Matt Brown, Kai Tai Li) represented Carttera in the sale of 550,000 SF of industrial developments to Cadillac Fairview.
• JLL CanadacoreChannel Partner/ Reseller/ DistributorJLL Canada serves as exclusive listing agent for Portland Commons office leasing, with team including Oliver Alves, Jon Pezim, Ethan Case handling office and retail enquiries.
• CBREcoreChannel Partner/ Reseller/ DistributorCBRE serves as listing agent for multiple Carttera industrial properties including Vaughan 400, 1900 Boundary Road, Scarborough Powercore, and Avonhead Campus.
• Colliers InternationalcoreChannel Partner/ Reseller/ DistributorColliers International serves as listing agent for 1900 Boundary Road and 3100 Mainway properties.
• Cushman & WakefieldcoreChannel Partner/ Reseller/ DistributorCushman & Wakefield serves as listing agent for 20 Adelaide Street East and Van Kirk Drive properties.
• Avison YoungcoreChannel Partner/ Reseller/ DistributorAvison Young serves as listing agent for Wyecroft Park industrial properties.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Menkes Developments: Toronto-based, family-owned real estate developer active across GTA office, industrial, and residential. Like Carttera, Menkes develops institutional-quality product in the same GTA submarkets and partners with institutional capital, making it a directly comparable GTA-focused private developer.
• Tridel: One of Canada's largest residential developers with deep GTA presence. Overlaps with Carttera's purpose-built rental and condominium residential pipeline and serves the same institutional and end-user buyer base in the Greater Toronto Area.
• Dream Office REIT: Canadian REIT focused on downtown Toronto office properties — overlapping directly with Carttera's GTA office strategy (Portland Commons, 65 King East). Comparable tenant base and asset class exposure, though Dream operates under a yield-oriented REIT structure versus Carttera's fund/development model.

Broad incumbents

• QuadReal Property Group: British Columbia-based global real estate investment manager owned by British Columbia Investment Management Corporation. Directly comparable to Carttera in managing institutional capital for office, industrial, and residential, though at materially larger AUM and broader geography.
• BentallGreenOak (BGO): Global real estate investment management advisor managing institutional capital across asset classes including Canadian office, industrial, and multifamily. Comparable to Carttera's segregated mandates and fund management business but operating at much larger scale and broader geography.
• RioCan REIT: Canada's largest REIT with significant GTA exposure across retail, office, and increasingly residential and industrial mixed-use. While primarily a yield-oriented owner rather than a developer, RioCan's GTA scale and recent pivot into residential development overlap with Carttera's strategy.
• GWL Realty Advisors: Canadian real estate investment manager managing institutional capital across office, industrial, retail, and residential. Comparable fund management and asset management mandate structure, with overlapping institutional LP base and similar Canadian institutional real estate focus.
• Morguard Corporation: Canadian real estate company engaged in acquisition, development, and management of office, industrial, retail, and residential properties. Comparable to Carttera's diversified GTA-focused development and asset management model, though Morguard is publicly listed and operates a much larger portfolio.
• Choice Properties REIT: Canadian REIT focused on retail and increasingly mixed-use and residential. Comparable to Carttera in Canadian institutional real estate scale and GTA presence, though primarily an owner-operator rather than a ground-up developer.

Emerging players

• Hullmark: Toronto-based developer with a residential and commercial focus across the GTA. Smaller and more concentrated in select neighborhoods than Carttera, but operates in the same GTA development ecosystem and pursues similar institutional-quality product.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/carttera

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 CARTTERA PRIVATE EQUITIES INC.