Alberta-based real estate finance firm and investment manager, KV Capital, yesterday announced the opening of its Calgary office and the appointment of Michael Hoffman as Managing Director, Calgary for its Commercial Real Estate Finance division. Alberta achieved the second highest provincial year-over-year real GDP growth in 2022 and KV Capital believes the province is poised to continue this strong economic momentum. The opening of a Calgary office represents KV Capital’s belief in—and commitment to—the long-term prospects of Calgary and the province.
“The Calgary commercial real estate market is growing rapidly, and we are thrilled to expand our capacity to better serve our clients and partners doing business there,” says KV Capital’s CEO, Aleem Virani. “The relentless pursuit of a better stakeholder experience is a key driver of KV Capital’s, and we could not imagine a better leader to carry this vision in Calgary than Michael. He is widely respected for his deep expertise and business acumen. His leadership, market intelligence, and skill set greatly enhances our team’s capabilities.”
“This is a unique time—both in the commercial real estate industry and in the Alberta market as a whole,” says Calgary Commercial Real Estate Finance Managing Director, Michael Hoffman. “In addition to our strong economic growth, Alberta reached the highest provincial year-over-year population growth rate in Canada in 2022, which presents an important opportunity to support the creation of high-quality real estate developments to drive this province forward. I look forward to collaborating with the entire KV Capital team to support these developments and help make this next chapter for Alberta a bright one.”
Hoffman brings over 20 years of experience in the finance and commercial real estate lending industries to his role at KV Capital. His proven track record, leadership skills, and creative perspective for finding solutions which best suit a client’s capital needs will continue driving the firm forward.
“We are delighted to welcome Michael as the Managing Director of our Calgary office, especially at this pivotal moment of growth in the market,” notes Marc Prefontaine, KV Capital’s President, Commercial Real Estate Finance. “Michael’s reputation is impeccable, and his expertise, ethics, and ambition directly align with KV Capital. Michael will be a tremendous asset in creating value for our clients, partners, and investors.”
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