Fortress Real Developments welcomes new EVP, Frank Margani

Real estate finance expert joins all-star team at one of Canada's fastest growing real estate development companies

TORONTO, April 22, 2013 /CNW/ - Fortress Real Developments, a real estate development company active in nine major markets across Canada, has today announced the hiring of Frank R. Margani in the role of Executive Vice President, Strategy and Development. Margani, a longtime real estate finance expert in the development and construction industry, will officially start on May 13.

"Frank is one of the most sought-after experts in the industry. His knowledge of high value real estate development projects and underwriting will help Fortress strengthen our developer and builder client relationships and expand our footprint in Canada," said Jawad Rathore, President and CEO, Fortress Real Developments. "One of Frank's primary responsibilities will be designing and securing the full capital stack and all important bank and lender construction financing for the numerous projects we're involved in. Frank's addition expands our all-star team and reinforces our position as the industry leader in the Canadian real estate development market."

Margani comes to Fortress from MCAP, one of Canada's leading independent mortgage financing companies, where he was Director of the Development Finance Group and managed a portfolio of high value real estate assets. During his 10 year tenure there, he secured some impressive statistics including providing development financing of over $3.5 billion in new loans and the financing of over 10,000 units and lots in the GTA. In addition, he helped develop the GTA high-rise land value report that is now standard for industry experts across the country.

"The executive team at Fortress brings an entrepreneurial approach to the marketplace and have created a business model that is truly unique," said Margani. "They are able to blend the Fortress Real Capital product with excellent development partners and lenders to realize top-notch developments across Canada - quickly and seamlessly.  I'm excited to help expand their success by seeking out new market opportunities with attractive yields for our stakeholders and investors."

About Fortress Real Developments
Fortress Real Developments is a Richmond Hill based Canadian real estate development company that researches and analyzes opportunities in major Canadian markets. The company is focused on quality projects with recognizable alpha in residential low-rise, high-rise, commercial, industrial and land servicing opportunities. For more information on Fortress Real Developments, please visit: http://www.fortressrealdevelopments.com/.

SOURCE: Fortress Real Developments

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