Alignvest Student Housing REIT, the private real estate investment trust valued at $1.44 billion with a portfolio of nearly 7,200 beds, is beefing up its board by adding two trustees with experience in real estate and several related industries.
Alignvest Student Housing, based in Toronto, said it appointed Greg Kalil and William Young to its board.
Kalil is the founder and managing partner of Stormont Partners, a Toronto-based merchant bank focusing on emerging alternatives in real assets. He has over 30 years of experience in real estate, infrastructure, renewable power investment and investment banking.
Before founding Stormont, Kalil spent 12 years as a managing partner at Brookfield Financial, the investment banking arm of Brookfield Asset Management, as head of their
Canadian platform and a member of the global management committee.
Young is chair of AtkinsRéalis, a professional services and project management company with offices around the world, and of Intact Financial Corp., one of Canada’s largest property and casualty insurers. He is also chair of the Canadian Institute for Advanced Research.
From 2012 to 2022, Young chaired the board of directors of Magna International Corp., the Canadian auto parts manufacturer.
Young was a founding partner of the Westbourne Management Group in 1988, a business focused on turnaround management opportunities. He later became co-founder and partner of Boston-based private equity firm Monitor Clipper Partners, a mid-market private equity firm with over US$2 billion invested in 45 portfolio companies in
North America and Western Europe from 1996 to 2018.
Alignvest Student Housing, through its operating company, Canadian Student Living Group, is focused on consolidating the fragmented, institutional-grade, purpose-built student accommodation market.