Avison Young’s current fast-growth phase continues with the addition of an Alberta property management, acquisition due diligence, and consulting firm.
The acquisition of Veritas Management Services Inc. adds a team of nine in Edmonton led by Tarek Merhej who becomes an Avison Young principal.
Merhej will manage the day-to-day property management operations in Edmonton and also work with Avison Young’s other property managers on projects across the province. He will work closely with Cory Wosnack, Avison Young principal and managing director of the firm's Edmonton office.
"We are very pleased that Tarek and his highly respected team of property management specialists are joining Avison Young in Edmonton," commented AY’s chair and CEO Mark E. Rose. "New projects are constantly being contemplated and developed in the dynamic Alberta Capital Region and throughout Northern Alberta as the local economy continues to show signs of improvement. This dynamism has created greater demand for Edmonton-based property management and construction management services that can be aligned with a full-service platform like ours.”
Additional 2 million square feet
Veritas, which has 65 office, retail, industrial and multi-family properties totalling more than 2 million square feet (msf) under management, has been rebranded as Avison Young.
"Veritas Management Services Inc. was founded on the principles of providing transparent and accountable services," says Merhej. "Since our inception, we have strived to deliver top-of-class customer service merged with a passion to integrate technology into our platform to better service our clients and partners. As our portfolio has grown, our quest for providing an even broader service range demands that we optimize our resources and seek industry support to grow. Avison Young's collaborative approach to service, dedication to partnering with clients and maintaining a positive workplace culture ensure that we can now develop services and offerings that our current infrastructure could not sustain."