51 minutes | Mar 3rd 2021

Ep. 43 Building a Real Estate Legacy, with Allied REIT’s Michael Emory

Michael Emory is a graduate of Queen’s University (BA, Hons., 1977) and the Faculty of Law, University of Toronto (JD, 1982). Prior to entering the real estate business in 1988, Michael was a partner with the law firm of Aird & Berlis, specializing in corporate and real estate finance. Michael is the founder, a Trustee and the President & CEO of Allied, a leading owner, manager and developer of (i) distinctive urban workspace in Canada’s major cities and (ii) network-dense urban data centres in Toronto that form Canada’s hub for global connectivity. Allied’s business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity. Allied went public in February of 2003 with assets of $120 million, a market capitalization of $62 million and a local urban-office portfolio of 820,000 square feet. Allied now has assets of $9 billion, a market capitalization of $5 billion and a national urban-office platform of 14 million square feet. Michael is also a Director of Equitable Group Inc. and Equitable Bank.   In this episode, we talked about:     How Michael transitioned from law to real estate Living through the real estate collapse in the 90s How Michael approached his first capital raise The recovery of office space after the COVID-19 pandemic. What was difficult about Allied’s IPO. The importance of Environmental, Social and Governance (ESG) Relevant Links: https://www.alliedreit.com/  
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