CBP Capital, the investment and fund management division of Ottawa-based Colonnade BridgePort, is bringing in an industry veteran as it launches its newest investment funds.
CBP said it hired Marshall Elliott as senior vice president of fund management.
Elliott previously led the investments team at the Canadian division of BGO, formerly known as BentallGreenOak, where he oversaw over $4 billion in transactions over more than a decade. He has more than 15 years of experience in real estate investment and will play a major role in the growth of CBP Capital, the company said.
Joining CBP at this "point in its growth is a tremendous opportunity," Elliott said in a statement.
In his new role at CBP, Elliott will lead capital raising and deployment efforts, the firm said. He also will connect investment advisers, high-net-worth individuals and family offices "with institutional-quality real estate investment opportunities" in Ottawa, greater Toronto and Atlantic Canada, CBP said.
Elliott's track record, experience and industry knowledge "align perfectly with our strategy and growth plans," said Andrew Blair, managing partner and head of CBP Capital, in a statement.
Prior to working at BGO, Elliott was part of the corporate finance team at First Capital REIT.
CBP Capital manages private equity funds, including the CBP Real Estate Fund. The company's funds enable private investors to access real estate opportunities typically only available only to institutional investors.
The inaugural CBP Capital fund closed in 2024. The firm said it is already fully committed through existing or planned investments in a series of transit-oriented, mixed-use, multifamily developments in Ottawa.
Construction is underway on the fund's first project, Artefact on Argyle, a 12-storey, 127-unit residential tower in Ottawa's Centretown community. Groundbreaking is expected at two additional sites later this year.