Epic Realty shows confidence in Alberta real estate market

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Born in Calgary as Mountain Development Corp. (MDC) and merging with Epic Partners in 2019, the company has become a major force in the real estate industry in Canada and the western United States, with a combined portfolio of $17.5 billion in the retail, commercial, industrial and residential sectors.

Jeff Kohn, owner and president of MDC, is co-CEO of Epic Investment Services responsible for overall strategy and profitability of business, with a focus on growth, business development and acquisitions and investments. He shares the title with Toronto-based co-chair Craig Coleman, who focuses on business strategy and growth through property and asset management for Epic’s full service North American platform.

Kohn was founder and chair of Calgary-based Tonko Development and CEO of TGS North American Real Estate Investment Trust, which he was instrumental in building up to a 4.4-million-square-foot company before being sold to GWL Realty Advisors in 2006.

The merger with Epic was a great match as the Toronto firm had no involvement with real estate in Western Canada, and its business in the U.S. was a big asset to Kohn and his team.

Today, MDC, a subsidiary of Epic, manages all of the company’s 12-million square feet of office and retail real estate in 15 locations in the U.S., working with institutional and private investors.

Kohn spends a lot of his time south of the border involved with the brokerage communities looking for good investments that will deliver highly effective property management services for client investors, primarily in San Diego, Los Angeles, Phoenix and Las Vegas.

The Calgary office of Epic Investment Services has a staff of 30 led by senior vice-president of investments Allan Okabe and senior vice-president of finance Marty Homan.

They oversee a substantial Epic portfolio throughout Western Canada, which currently totals 11.6-million square feet. A large number of Calgary properties include the Jacobs building in Quarry Park, now fully leased with the consolidation of Canadian Tire’s Calgary-based operations into a full, 100,000-square-foot floor.

Leasing is active on quality office locations in Centre 10, the 11-storey mixed use office/retail tower that spans the whole block on the south side of 10th Avenue between 4th and 5th Streets S.W. The former home of Golder that dominates the south end of Barlow Trail at Memorial Drive in Interplex Business Park is also an impressive office tower available for immediate lease.