McCOR - Comprehensive Analysis Report

Summary

McCOR is a prominent national real estate services company, established in 2014 through the merger of High Peak Group of Companies and NewWest Enterprise Property Group. Its core mission is to build value into every real estate project, from its initial conception through to full occupancy. The company’s vision is to lead the industry through efficiency, innovation, and excellence, consistently delivering optimal results for its clients, tenants, and communities. McCOR manages a substantial portfolio exceeding $3 billion in assets, leveraging its expertise across retail, commercial, industrial, and residential sectors. With offices strategically located across Canada, the company effectively combines extensive national reach with specialized local market knowledge, positioning itself as a significant player in the Canadian real estate landscape.

1. Strategic Focus & Objectives

Core Objectives

McCOR's strategic focus is on a results-based approach to real estate management, emphasizing comprehensive value creation throughout all project phases. Key objectives include:

Value Creation: Placing value at the heart of all operations to maximize returns and long-term sustainability for properties.

Efficiency and Cost Optimization: Driving efficiency and minimizing operational costs for clients and their properties.

Revenue Enhancement: Maximizing revenues for managed assets through strategic initiatives and proactive management.

Client-Centric Solutions: Providing integrated, best-in-class real estate solutions tailored precisely to client needs and objectives.

Specialization Areas

McCOR offers a comprehensive suite of real estate services, demonstrating deep expertise in:

Property and Facility Management: Overseeing the daily operations and long-term maintenance of diverse property types.

Leasing and Lease Administration: Managing leasing processes, from initial negotiations to ongoing administration, with a focus on creating extraordinary retail environments and optimizing occupancy.

Real Estate Development: Providing end-to-end development services for retail, commercial, residential, and mixed-use projects.

Brokerage: Facilitating real estate transactions with market insight and strategic guidance.

Advisory Services: Offering expert advice including pre-purchase due diligence, market risk analysis, tenant renewal risk analysis, expansion potential, environmental review, and cash flow analysis.

Target Markets

McCOR primarily targets diverse market segments within the Canadian real estate sector, including:

Retail Properties: Maintaining a keen focus on evolving consumer demands and retailer strategies to optimize retail environments.

Commercial Properties: Managing and developing office and other commercial spaces.

Industrial Properties: Handling properties within the industrial sector.

Residential Properties: Contributing to the management and development of residential projects.

Mixed-Use Developments: Integrating various property types into cohesive projects.

The company's strategy involves maintaining a national presence while leveraging local market expertise through its offices across Canada.

2. Financial Overview

Funding History

McCOR is a privately-owned real estate development and property management company. It manages a portfolio of over $3 billion in assets. Through its integrated partnership structure, McCOR collaborates with CCI Corpfin Capital. This partnership enables the company to acquire, lease, manage, and develop commercial real estate assets across Canada. McCOR co-invests alongside a range of financial entities, including institutions, pension funds, and high-net-worth individuals, aiming to align relationships with its equity partners to achieve mutual strategic goals.

3. Product Pipeline

Key Products/Services

McCOR provides a full spectrum of services across the real estate lifecycle:

Development Services:

Description: Comprehensive oversight for retail, commercial, residential, and mixed-use projects, from initial concept to completion. This includes land acquisition, site planning, and managing every stage of construction.

Expected Timeline: Project-specific, dependent on scale and complexity, with successful deliveries ranging from 50,000 to over a million square feet.

Key Features and Benefits: Ensures projects meet financial and strategic objectives through meticulous planning and execution; expertise in delivering projects across Canada.

Advisory Services:

Description: Strategic guidance and analytical support for various real estate endeavors.

Key Features and Benefits:

Pre-purchase Due Diligence: Thorough investigation before property acquisition.

Market Risk Analysis: Assessment of potential market fluctuations and impacts.

Tenant Renewal Risk Analysis: Evaluation of risks associated with tenant retention.

Expansion Potential: Identification of opportunities for property growth.

Environmental Review: Assessment of environmental factors affecting properties.

Cash Flow Analysis: Detailed examination of property financial performance.

Concept and Design: Input and guidance on project conceptualization and architectural design.

Preliminary Pro Forma and Budgets: Development of initial financial projections and expenditure plans.

Rent and Cost Forecasts: Projections for rental income and operational costs.

Strategic Retail Planning: Including space allocation strategies and turnaround initiatives for retail properties.

4. Technology & Innovation

Technology Stack

McCOR emphasizes innovation as a competitive advantage, driven by creative thinking and a continuous search for operational effectiveness. The company actively explores and integrates new or improved technology to advance its projects and enhance efficiency. A significant area of focus is the integration of Environmental, Social, and Governance (ESG) programs into its operations. This includes:

Sustainability Initiatives: Programs aimed at improving energy efficiency, minimizing waste, and conserving natural resources.

Social Governance: Efforts to uphold strong ethical practices and positive community engagement.

Specialized ESG Expertise: Utilization of third-party Sustainability Partners for specific ESG initiatives, with strategic plans to internalize these capabilities as the company grows.

Sustainable Building Practices: Commitment to environmentally responsible construction and management, exemplified by Rheal Vigier (Project Director for Western Canada) being accredited as a LEED 2.0 Professional.

5. Leadership & Management

Executive Team

McCOR is led by a team of experienced real estate professionals:

Luc Corneli (Principal and Founder)

Professional Background: Over four decades in real estate, commencing in shopping center management in Quebec.

Key Contributions: Co-founded McCOR, leveraging extensive industry experience to shape the company's vision and growth.

LinkedIn Profile: [https://www.linkedin.com/in/luc-corneli-34b80718/](https://www.linkedin.com/in/luc-corneli-34b80718/)

Douglas J. McDonald (Principal and Founder)

Professional Background: Over 30 years of senior real estate experience, recognized as an industry leader with a history of M&A transactions and significant client portfolio development.

Key Contributions: Co-founded McCOR, instrumental in the company's strategic growth and client relationships.

LinkedIn Profile: [https://www.linkedin.com/in/douglas-j-mcdonald-634a5611/](https://www.linkedin.com/in/douglas-j-mcdonald-634a5611/)

Curtis Loewen (Chief Operating Officer (COO) – McCOR West)

Professional Background: Oversees property management and client development across Western Canada. Based in Winnipeg.

Key Contributions: Holds a senior position in McCOR's national corporate services department.

LinkedIn Profile: [https://www.linkedin.com/in/curtis-loewen-59109b35/](https://www.linkedin.com/in/curtis-loewen-59109b35/)

Robin Baran CPA, CMA (Chief Financial Officer)

Professional Background: Over 35 years of leadership in financial management within the real estate services sector.

Key Contributions: Expertise in strategic planning, operational efficiency, and fiscal oversight; contributes to community development as President of the East Vistas Community Association.

Sante Esposito (Vice President, Operations – Eastern Canada)

Professional Background: Over three decades of experience in Property Management.

Key Contributions: Strong focus on property transition leadership and building customer-focused teams.

Daniel Barron, CPM (Vice President, Operations – Western Canada)

Professional Background: Over 20 years of experience in residential property management across Canada, the U.S., and England.

Key Contributions: Responsible for overseeing property management and building operations in Western Canada.

Kenneth Yee (Executive Vice President, Realties)

Professional Background: Joined McCOR in 2021, bringing over 30 years of experience from Cushman & Wakefield; began his commercial real estate career in 1984.

LinkedIn Profile: [https://www.linkedin.com/in/kenneth-yee-449b5a26/](https://www.linkedin.com/in/kenneth-yee-449b5a26/)

William G. Correia (Director Operations – Eastern Canada)

Professional Background: Over 20 years of experience in retail, office, industrial, and residential property management, with a focus on mixed-use properties.

Key Contributions: Leads the day-to-day operations team in Eastern Canada.

Rheal Vigier (Project Director - Western Canada)

Professional Background: Over two decades in the construction industry, involved in over $1 billion worth of civil construction projects.

Key Contributions: Accredited as a LEED 2.0 Professional, emphasizing sustainable building practices.

Brittany Heath (Vice President, Leasing – Eastern Canada, Broker of Record)

Professional Background: Over 20 years of experience in the Canadian Shopping Centre Industry, specializing in commercial leasing.

Key Contributions: Built significant value in client portfolios through creative vision, promoted to this role in February 2022.

LinkedIn Profile: [https://www.linkedin.com/in/brittany-heath-95b602120/](https://www.linkedin.com/in/brittany-heath-95b602120/)

Tara Harrison (Vice President Retail Leasing and Advisory Services (Ontario) *Sales Representative)

Professional Background: Over 15 years of experience handling various leasing responsibilities as a broker, tenant, and landlord.

Key Contributions: Provides a diverse understanding of leasing transactions.

LinkedIn Profile: [https://www.linkedin.com/in/tara-harrison-26b2b733/](https://www.linkedin.com/in/tara-harrison-26b2b733/)

Recent Leadership Changes

In February 2022, Brittany Heath was promoted from National Retail Leasing Director to Vice President Leasing, Eastern Canada, indicating a strategic strengthening of the leadership in a key regional market.

6. Talent and Growth Indicators

Hiring Trends and Workforce

McCOR operates as a national real estate services company with an estimated employee count ranging from 51 to 200 individuals. While current public listings may indicate no open positions, the company's active presence at career fairs, such as CPA Alberta’s “Meet Your Employer” event in September 2025, suggests ongoing engagement with talent acquisition. Internal promotions and strategic hires also highlight growth in specific areas. For instance, Steve Bass was promoted to Operations Manager at McCOR West in February 2021, and Glenn Featherstone joined as Vice President – Development and Acquisitions for McCOR Management (East) Inc. in August 2021. This demonstrates a pattern of nurturing internal talent and making key additions to support expansion and operational expertise.

7. Social Media Presence and Engagement

Digital Footprint

McCOR maintains an active digital footprint through its official website, which serves as a central hub for news updates and corporate announcements. The company regularly publishes information regarding new property management contracts, strategic partnerships, and community involvement initiatives. Examples include spreading holiday cheer through the Salvation Army in December 2025 and announcing a strategic partnership with Société Immobilière Éric Gareau in October 2025 aimed at strengthening leasing efforts in Quebec. McCOR's news section also highlights participation in significant industry events, such as the Montreal Real Estate Forum (May 2024) and the Winnipeg Real Estate Forum (April 2022), reinforcing its industry engagement and thought leadership.