Hillpark Capital, the Montreal-based real estate owner, developer and property manager founded by Brandon Shiller and Jeremy Kornbluth, has completed the sale of Alba, a newly built 248-unit rental tower in the heart of downtown Montreal. The property, developed with partner Mondev, changed hands for $107 million. The buyers are InterRent REIT and Crestpoint Real Estate Investments Ltd., two Canadian investors that have already worked together on multi-residential acquisitions in other cities. The 20-storey building stands at 170 René-Lévesque Blvd. E. and was completed in 2023, which means i
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Understanding Property Management in Montreal
What makes a property well managed? The answer is not simply a clean building or a quick response to a maintenance request. Effective property management in Montreal requires a combination of operational discipline, tenant communication, maintenance, market awareness and long-term asset planning. Every building is different. Its age, construction, location, tenants, physical condition and surrounding neighbourhood all influence how it should be managed. Residential tenants are concerned with safety, maintenance, cleanliness, communication and com
What makes a property well managed? The answer is not simply a clean building or a quick response to a maintenance request. Effective property management in Montreal requires a combination of operational discipline, tenant communication, maintenance, market awareness and long-term asset planning. Every building is different. Its age, construction, location, tenants, physical condition and surrounding neighbourhood all influence how it should be managed. Residential tenants are concerned with safety, maintenance, cleanliness, communication and com
To understand why 69 Yonge Street matters, it helps to understand the ambitions behind it. The building was constructed between 1911 and 1913 as the corporate headquarters of the Canadian Pacific Railway — at the time, one of the most powerful corporate entities in the country. The railway was enjoying its most prosperous era under the leadership of Sir Thomas Shaughnessy, and it wanted a headquarters that reflected that stature: a building that consolidated the company's various Toronto offices under a single, imposing roof. The commission went to Darling and Pearson, the architectural firm
Brandon Shiller and Hillpark Capital, strategic asset repositioning is not simply about improving buildings. It is about creating assets that continue to serve businesses, communities, and investors long into the future. The most successful real estate investments are rarely defined by the day they are acquired. Instead, they are defined by the vision, execution, and stewardship that follow. As Montreal continues to evolve, opportunities to create lasting value through thoughtful repositioning will remain among the most compelling in the market.
Modern real estate development extends beyond acquiring and managing properties. Today's investors are increasingly expected to contribute positively to the communities in which they operate. Across Montreal, discussions around urban growth often focus on sustainability, affordability, neighborhood revitalization, and economic development. Developers and property managers frequently collaborate with architects, engineers, urban planners, and local stakeholders to ensure projects align with community needs. As Montreal continues to evolve, investment in infrastructure, housing, and commercial