Angela Sahi has taken over the duties as Morguard Corp. CEO, a position that includes overseeing Morguard Real Estate Investment Trust and Morguard North American Residential REIT.
Sahi succeeds her father, K. Rai Sahi, who was named executive chair under the planned leadership transition at the 50-year-old company that's publicly traded and owns and manages $19 billion in assets across Canada and the U.S.
She takes the helm after serving as Morguard Corp.'s president and chief operating officer since early 2024.
“I am honoured to lead Morguard into its next chapter and continue building on our strong foundation,” Angela Sahi said in a statement from the company.
Toronto-based Morguard Corp.'s real estate assets include office, industrial, retail, residential and hotel properties. Some of the company's major retail holdings include Coquitlam Centre in British Columbia and Centrepoint Mall in Toronto, both of which rank among the most profitable malls in Canada based on sales per square foot, as compiled by ICSC.
Last month, Morguard announced a series of high-tech upgrades to three of its office buildings in Montreal, Toronto and Ottawa, as reported by CoStar News.
Morguard REIT owns 45 properties valued at $2.2 billion in Canada, comprising 8.1 million square feet of leasable space in the retail, office and industrial sectors.
Morguard North American Residential REIT's portfolio is valued at $4.3 billion and includes 12,315 residential suites and 229,500 square feet of commercial space in the U.S. and Canada as of Sept. 30.