Grosvenor's New Leadership: Michael Ward Takes Charge of SDF
Grosvenor Names Michael Ward as Lead for Structured Development
Vancouver, BC – Grosvenor has appointed Michael Ward as Managing Director, Co-Investment, leading the firm’s Structured Development Finance (SDF) Programme. Known for its rich history spanning over 70 years in property ownership and development, Grosvenor is excited about this leadership change as it aims to boost its investment in urban property across North America.
Michael Ward’s Extensive Background in Property Development
With a career exceeding 20 years, Michael has cultivated substantial experience in property development, directly contributing to 14 significant mixed-use and residential projects across various regions. His partnerships with prominent Canadian pension funds and high-net-worth individuals have positioned him as a key player in the industry. Before this new role, he was integral to guiding Grosvenor’s Vancouver development programme, which boasts a valuation of CAD$5.3 billion.
Comments from Leadership
Jamie Delmotte, Chief Co-Investment Officer for Grosvenor’s North American property division, remarked on Michael’s appointment, acknowledging his skills, industry relationships, and market insights as critical for the SDF Programme’s success going forward. Delmotte emphasized that Michael's promotion is a testament to Grosvenor's commitment to nurturing talent from within.
Michael Ward’s Vision for the Programme
Expressing his enthusiasm for the position, Michael stated, "Leading this important business line aligns perfectly with my background in development. I look forward to collaborating with our developer partners to create outstanding properties while ensuring we exceed our partners' return expectations." His leadership aims to enhance Grosvenor's standards in property development across key markets.
Expanding Development Tenure
Michael began his journey with Grosvenor in 2002, immediately after completing an internship. His career path has included pivotal roles in the firm’s Washington, D.C. and Calgary offices. His return to Vancouver in 2014 allowed him to expand the development team and spearhead notable projects like Grosvenor Ambleside and Connaught, further elevating the company’s market presence.
The SDF Programme: A Strategic Initiative
The Structured Development Finance Programme, which attracts investment both from Grosvenor and partner capital, is currently mobilizing resources for its fourth iteration of the True North partnership. This strategic effort aims to capitalize on current market dislocations in core gateway areas. The Programme focuses on partnership opportunities for new construction of vibrant mixed-use developments, apartments, condominiums, and townhomes in locations like Vancouver, Toronto, California, Washington, D.C., and Seattle.
Addressing Urban Housing Challenges
Launched nearly 25 years ago, the SDF Programme was designed to combat the pressing shortage of quality urban infill housing in major US and Canadian cities. Since the year 2000, it has successfully served as a capital provider to 79 residential development projects encompassing over 9,500 residential units. With more than $625 million lent to date, Grosvenor's SDF projects collectively represent a remarkable $5 billion in gross development value.
A Diverse and Talented Team
In his new capacity, Michael will lead a skilled team comprising seven professionals located across Grosvenor’s Vancouver, San Francisco, and Washington, D.C. offices. His educational background from the University of British Columbia, along with his active membership in the Urban Land Institute (ULI), underscores his commitment to the sector. Moreover, he has been recognized as one of Business in Vancouver's 40 Under Forty, reflecting his professional accomplishments.
About Grosvenor
Grosvenor has operated a diversified real estate business in North America since 1952, concentrating on dynamic urban sites and positively impacting local communities. As of the close of a recent financial cycle, Grosvenor's assets under management are valued at approximately $3.8 billion (US) or $5.0 billion (C$), alongside an impressive $4.9 billion (US) or $6.5 billion (C$) development pipeline currently in execution. The firm prides itself on fostering long-lasting partnerships, with the average relationship with its nine active capital partners spanning 18 years.
Frequently Asked Questions
Who is Michael Ward?
Michael Ward is the newly appointed Managing Director for Grosvenor’s Structured Development Finance Programme, with over 20 years in property development.
What is the Structured Development Finance Programme?
The SDF Programme by Grosvenor provides capital to residential developers and focuses on new construction in major urban areas.
What are some key achievements of Michael Ward at Grosvenor?
Michael has managed significant projects and played a key role in developing Grosvenor's Vancouver operations, enhancing its market reach.
How long has Grosvenor been in the real estate business?
Grosvenor has been operational in North America since 1952, emphasizing urban development and community enrichment.
What is Grosvenor's current asset management status?
As of the latest report, Grosvenor manages approximately $3.8 billion in assets across North America, with an active development pipeline of about $4.9 billion.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Boeing Confronts New Challenges Amidst Recent Strike Actions
- Rally House Launches New Store to Celebrate Local Sports
- Millicom’s Telecel Paraguay Moves Towards Strategic Financial Redemption
- KKR's European Expansion Plans: Aiming for New Heights
- New Supportive Housing Units to Enhance Community Well-Being
- Sonny's BBQ Launches App for Exclusive Rewards and Offers
- Investing in Goldman Sachs: A 5-Year Journey of Growth
- A Decade of Wealth: The Journey with Welltower Stock
- Bain Capital Explores Sale of esure, Setting Market Buzz
- Exploring the Growth of the Bipolar Disorder Market
Recent Articles
- Growth Projections for the Heat Exchangers Market to 2033
- Virbac Unveils Comprehensive Half-Year Financial Insights
- Fagron Successfully Concludes Significant Share Buy-Back Initiative
- Virbac's 2024 Half-Yearly Financial Overview for Investors
- Regeneron's Dupixent Gains FDA Approval for Teens with CRSwNP
- Boussard & Gavaudan Holding: Final NAV Insights and Analysis
- Boussard & Gavaudan Holding: Insights on Final NAV Release
- Michael Ward Takes the Lead in Grosvenor's Development Finance
- MicroStrategy Expands Bitcoin Holdings: Key Details on MSTR Stock Success
- Transform Your Investments: The Gilead Sciences Journey Over 20 Years
- Discover How Your Investment in Fluor Could Double Over Time
- Understanding the Cycle of Regret in Wells Fargo Trading
- Microsoft's Strategic Restructuring: Job Cuts Amid Growth
- Class Action Lawsuit Filed for Coinbase Global, Inc. Investors
- Challenges Facing Halliburton Amidst Analyst Concerns
- Neurocrine Adjusts Course Following Luvadaxistat Study Setback
- Dow Jumps Significantly; Adobe's Earnings Disappoint Investors
- Expert Insights on Hancock Whitney's Potential Stock Reversal
- Canaan's Stock Shows Signs of Hope for Investors
- Exploring Global Farming Culture Through Terraced Agriculture
- HACR Forms Strong Coalition to Drive Diversity in Corporations
- SeaBubbles Launches Innovative SmartBubble for Eco-Friendly Transit
- Kroger Earns Newsweek's Trustworthiness Recognition for 2024
- Federal Reserve's Rate Decision: The Possibility of Significant Cuts
- Belgium's BEL 20 Index Climbs as Key Sectors Show Gains
- Market Trends: France Sees Gains in CAC 40 with Key Performers
- DAX Surges Above Previous Highs with Record Gains in Sectors
- Italian Market Insights: Stocks Rise Amid Sector Gains
- Amsterdam Market Sees Positive Trends with AEX Up 0.71%
- Portugal's Stock Market Rises: A Closer Look at the PSI
- Spanish Market on the Rise: IBEX 35 Hits Five-Year Peak
- Sweden Stock Market Shows Resilience with OMX Gains
- U.K. Stock Market Sees Gains as Key Sectors Perform Well
- MicroStrategy Expands Bitcoin Holdings with New Purchase
- Growth Forecast of Automotive VVT & Start-Stop Systems
- Insights into the Exploding Growth of the Digital Health Sector
- BioNexus Expands Its Reach with Strategic Partnership for mRNA Services
- Hicks Thomas Partners Stand Out Among Top U.S. Litigators
- Oxford Life Insurance Company Faces Negative Outlook from AM Best
- Analyst Predictions: Oracle Corporation Targets a Surge
- Unlocking the Secrets of Email Timing with ZoomInfo Insights
- How WIX's AI Innovations are Shaping Its Growth Potential
- PENN Entertainment Sees Significant Options Activity
- MGM Resorts Intl: Current Options Market Dynamics Explained
- Insight into United Rentals' Unusual Options Activity Today
- Kathrine Husvaeg’s Leadership Role at Barrow Hanley Expanded
- MobileX Unveils Major Network Upgrade for Enhanced Service
- Netflix to Share Third Quarter 2024 Financial Insights Soon
- ServeScape Expands Plant Delivery Across New Cities in the US
- ARUP Labs Collaborates with CDC on Important Flu Testing