About Us

We Invest in Opportunities Others Overlook

Canada’s industrial real estate market is undergoing a major transformation.

Sustained population growth, the expansion of e-commerce, and evolving tenant needs are driving strong demand for functional, well-located space.

While institutional investors continue to focus on large-scale warehouses and data centres, a valuable opportunity lies hidden in plain sight: modern, small- to medium- bay, multi-tenant industrial properties, known as modern flex.

Modern flex assets combine warehouse functionality with office or showroom space, making them highly versatile. They serve a broad range of tenants from logistics operators and trades to healthcare providers, light manufacturers, and e-commerce businesses. This diversity helps mitigate concentration risk and provides a stable income base.

Demand for modern flex space remains exceptionally strong, yet new supply is limited.

And this is where Nearctic comes in.

Nearctic’s Advantage
At Nearctic, we are among the few operators actively consolidating this overlooked segment. Our approach is disciplined, relationship-driven, and focused on value creation:

  • Target high-quality buildings with strong fundamentals, not fixer-uppers.

  • Source off-market opportunities through deep local relationships with motivated sellers.

  • Unlock hidden upside by optimizing tenant mix and aligning rents with true market rates.

  • Actively manage assets to grow income, preserve occupancy, and deliver stable cash flow.

The result is a resilient, income-generating portfolio in a high-demand, supply-constrained market — uniquely positioned for stable growth and long-term value creation.

Awards & Accolades

  • 2007 - Edmonton Urban Design Award of Merit, Implemented Urban Design Plans; Strathearn Heights.

  • 2014 - Honorary Colonel 6th Intelligence Company.

  • 2015 - Business in Edmonton Leaders Awards.

  • 2017 - Mayor’s Award for Accessible Homes and Buildings, Grovernor Manor.

  • 2018 - Honorary Patron Churchill Society

  • 2019 - EY Entrepreneur of the Year Finalist.

  • 2020 - The Outstanding Building of the Year Award, Best Light Industrial Building in Canada and Excellence in Office Building Management by Building Owners and Managers Association (BOMA); Vantage Business Park

  • 2025 – The Junior Achievement, Northern Alberta, Business Hall of Fame

Executive Team

Trustees

  • Calgary, Alberta

    Independent Trustee

    Michael Fitzgerald has over 40 years experience in real estate investment, finance and, management. Most recently he served on the board of Slate Office REIT, a publicly traded Canadian company with both domestic and foreign real estate holdings. Mr. Fitzgerald has also provided real estate consulting services to private Canadian developers. Having worked for Alberta Investment Management Corp (AIMCo) from 2006 to 2020 as Vice President Real Estate, he was charged with overseeing the management a $14.9B global Real Estate portfolio. At AIMCo he was actively involved in the legal, tax and holding company structuring and the management of opportunistic real estate investments including multiple large development projects as well as serving as director/advisor of numerous real estate management companies, holding companies, and Funds in Canada, US, Mexico, UK and Europe. He has also worked in various Real Estate related capacities for numerous Canadian financial institutions such as Standard Life, Great West Life, Mercantile Bank along with a number of other financial companies.

  • Canmore, Alberta

    Independent Trustee

    Ken Hughes, a certified ICD.D member since 2005, joined the board of trustees at inception of the trust in 2023. Hughes is a seasoned entrepreneur, and serves as Chair, Providence Therapeutics, Canada’s leading messenger RNA vaccine development company. His business background also includes involvement with insurance distribution as the founder of Alpine Insurance (2002-2021), energy services technology, real estate and information technology.  

    Hughes has provided extensive public service at provincial and national levels in Canada. He was Alberta Energy Minister and Minister of Municipal Affairs (2012-2014). Prior to that, he was the Founding Chair of the Board of Alberta Health Services (2008-2012) (providing publicly funded health services to over 4 million Albertans), a Member of the Canadian Parliament (MP), at increasing levels of responsibility including appointment as Parliamentary Secretary to the Deputy Prime Minister of Canada (1988-1993).  

    Ken has a Master of Public Administration from the John F. Kennedy School of Government at Harvard University, and an undergraduate degree from the University of Alberta (BSc. Agriculture).

  • Calgary, Alberta

    Sean joined Nearctic Property Group as Chief Operating Officer in 2019 with a 38-year track record in real estate business. Sean developed a diverse business perspective and set of competencies having worked with large national public entities and private entrepreneurial organizations. He is an executive skilled in Leadership, Leasing, Construction, Acquisitions, Development, Finance, and Asset Management in a wide range of property types including apartments, office, retail and industrial properties. 

  • Edmonton, Alberta

    David has a proven track record of over 45 years in Western Canada as a developer and manager of multi-family homes, rental apartments, and a number of industrial, commercial and retail properties. Throughout, he has navigated Alberta’s dynamic economic environment with financial stability and consistently positive outcomes. His success over the past 45 years has been built on a foundation of carefully selected quality real estate and professional property management.

Environment, Social & Governance

Nearctic’s Management Team and Board of Trustees are committed to embedding Environmental, Social, and Governance (ESG) principles into every aspect of our decision-making. Nearctic recognizes ESG as a cornerstone of its long-term investment strategy and is dedicated to fostering a company-wide culture that reflects these values. Our commitment to ESG aligns with our vision to build a leading management platform and investment vehicle that delivers lasting value for our investors, tenants, and communities.