Morguard Corporation is a Canadian real estate company, based in Mississauga, Ontario. It owns retail, residential, office, industrial, and hotel properties, as well as managing real estate and financial investments for institutional investors. As of October 2017, it owned $9.4 billion in real estate, and managed an additional $12.6 billion.[1]
Some of its owned properties are through its controlling ownership in two publicly listed real estate investment trusts, Morguard REIT and Morguard North American Residential REIT, and the publicly listed Temple Hotels. It is a public company listed on the Toronto Stock Exchange.
History
Morguard was founded in 1905 as D. Ackland & Son Limited.[2] It originally made carriage parts, but transitioned into automobile parts in the 1910s. In 1960, it renamed itself Acklands Limited.[2] At some point, it transitioned to being a wholesale distributor of automobile and industrial parts, as opposed to a manufacturer.