Phil Nanavati

Phil Nanavati

Independent Director, Chair of Investment Committee

Over his commercial real estate career, Mr. Nanavati has been directly involved in sales and leasing of over a billion dollars worth of industrial, retail, office and land real property.

Mr. Nanavati has been a member of the Ontario Real Estate Association Ontario Commercial Council (“OCC”), served on their board of directors and is a past Chair of the OCC. He was also a director of the Canadian Real Estate Association’s Commercial Real Estate Council.

In 1996 Mr. Nanavati was chosen as the lead consultant for Union-Centra Gas to advise them on the marketing of surplus office real estate holdings in North York Ontario. This project involved an international marketing effort with advertising, direct mail to over 2,000 prospects as well as co-ordinating the exposure of the project through the real estate boards of Ontario.

In 1995 Mr. Nanavati joined with four other sales associates to form Martel Commercial Realty Inc., Broker. Martel Commercial is an independent Burlington based full service commercial real estate brokerage company.

In 1988 Mr. Nanavati was awarded the prestigious SIOR (Society of Industrial and Office Realtors) designation, in 1992 he was elected president of the Central Canadian Chapter in 1993 was elected to the National Board of Directors, in 1999 was elected as Vice President of the Society, in 2000 was elected to the position of President Elect and in 2002 rose to the position of International President and Chair of their board of directors.

As Broker/Manager for Martel Real Estate, Mr. Nanavati was the selling manager of the Burlington I.C.I. sales/leasing office managing a group of 8 sales associates and support staff. He also was one of the top producers in the I.C.I. division for seven years.

As the Director of Real Estate Sales and Leasing for Lush Realty Corp., Mr. Nanavati was responsible for the co-ordination of all real estate activity. Lush Realty Corp. was an active I.C.I. real estate organization in the Halton market with a strong development bias.

As a sales associate with CENTURY 21 Western Homes Ltd., Mr. Nanavatiwas their top salesperson in 1981. Also in 1981, he was one of the top 50 salespersons of the 1,000 plus member Victoria Real Estate Board.

As project manager for Cascade Development Corporation, Mr. Nanavati was responsible for the development of over 600 M.U.R.B. units in Calgary, Alberta. Duties included liaison with various levels of government, utility companies, architects, lawyers, surveyors, builders, property managers and sales staff.

As administrator of the Harbour Square Commercial Complex, Mr. Nanavati was manager in charge of over 45,000 square feet of office space, 90,000 square feet of retail mall space, 20 luxury condominium apartments, a squash club and a 200 car underground parking garage.

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