Crestpoint Real Estate Investments has appointed an industry veteran with more than 30 years of experience to lead its investment activity as the company seeks new opportunities.
The Toronto-based real estate debt and equity management firm said it appointed Scott Antoniak as its new executive vice president and head of Investments.
During his career, Antoniak has been involved in deal origination, underwriting and transaction execution and has overseen significant portfolio growth and expansion. His previous positions include having served as executive director of real estate investment banking at CIBC Capital Markets, managing director at Slate Asset Management and CEO of Slate Office REIT.
In July, Crestpoint launched the Crestpoint Opportunistic Real Estate Strategy, its first closed-end real estate investment product.
The firm said the fund will have a 12-month capital raising period and an eight-year total lifespan. It will seek "opportunistic Canadian real estate investments" and aim for a gross annualized return rate of 15% to 18%, Crestpoint said.
At Crestpoint, Antoniak reports to President and CEO Kevin Leon and works alongside the rest of the senior leadership team.
Crestpoint is part of Connor, Clark & Lunn Financial Group Ltd., a boutique asset management firm whose affiliates collectively manage over $139 billion in assets for individuals, advisers and institutional investors. The firm's portfolio includes office, industrial, retail and multifamily properties.