Wilmington Capital Management Inc. is an alternative Canadian investment and asset management company focused on investments in alternative real estate assets classes where assets are under valued.  Wilmington invests its own capital, alongside partners and co-investors, in hard assets and manages these assets through operating platforms.

Wilmington organizes its business into a number of distinct operating platforms which we develop and maintain to ensure that the underlying assets are effectively managed and their values are enhanced in the near to longer term time frames.

Land Held For Development  - 100% ownership interest
In June 2023, The Corporation acquired 3.4 acres of develop land located in Calgary.  The development plan for the project will be comprised of three phases, being a 96,000 square footage self storage facility, a retail area and a 17 bay car condo project.  A development permit application has been filed.

Ontario Development Land - 18% ownership interest
Bay Moorings Partnership has completed the redevelopment project, Champlain Shores, a lakefront community development, consisting of 50 home sites and is also zoned to accommodate an 88-unit condominium.

www.champlainshores.com

RV Resorts and Campgrounds - 16% ownership interest
Sunchaser RV Resorts owns and operates three RV resorts in Alberta and British Columbia situated on 300  acres of land having approximately 1,000 sites.  The RV Resorts operate under the names: Half Moon Lake Resort, Lakeview Campground and Shadybrook Resort and Marina.

www.sunchaserresorts.ca



REALIZED INVESTMENTS

Real Estate - Ontario Marinas 
Wilmington was a founding investor in the Maple Leaf Marinas in 2017, which has grown to own and operate 21 marinas in Ontario having over 8,800 boat slips and rack at the time of its disposition.  On February 22, 2024, Wilmington sold its 17% interest in Maple Leaf Marinas Holdings Partnership for $22.0 million. 

Private Equity Energy - Northbridge Capital Partners Ltd., 
On December 31, 2023, Wilmington sold its interest in Northbridge, an energy-focused exempt market dealer, and received cash and in-kind distributions (direct holdings in energy securities) from substantially all of its investments in the Northbridge funds.  Wilmington is seeking to monetize these direct holdings in an orderly manner.

Real Estate - Self-Storage
Wilmington was a founding investor in the Real Storage group in 2010 which initially owned and operated 5 self-storage facilities in Alberta.  The Real Storage group, led by Wilmington management, grew to 38 stores across Canada making it the fourth largest self-storage business in the country.  In 2019, the Real Storage group was sold for $275M.

Wilmington sold its 19.7% interest in the Bow City Partnerships (www.bowcitystorage.ca) on August 9, 2023 for $3.9 million.  The Corporation determined that the majority of the development upside had been realized and the proceeds realized will be redeployed in new opportunities.

Real Estate - Manufactured Home Communities
Wilmington was a founding investor in Parkbridge Lifestyle Communities which owned and managed manufactured home communities, RV parks and marinas in Canada.  Parkbridge was led by Wilmington management and was the largest land lease business in Canada.  In 2011, Parkbridge was sold to BCIMC for $790M.