Angela Sahi is taking the final step in her progression up the ranks at Morguard Corporation (MRC-T), assuming the role of president and chief executive officer as the family-owned company’s founder and leader, K. Rai Sahi, steps back.

Angela Sahi had most recently served as president and chief operating officer of Morguard. K. Rai Sahi, who has served as Morguard's chief executive officer and chairman of its board of directors, will assume the role of executive chair.

"Angela's leadership has been instrumental in shaping Morguard's strategy and driving operational excellence across the group of companies," K. Rai Sahi, who is Angela’s father, said in the announcement. "Her deep knowledge of our business and her ability to connect strategy with execution position her well to lead Morguard into its next chapter. 

“I look forward to supporting her and the leadership team as executive chair."

The transition is effective immediately.

The transition is part of Morguard's planned leadership succession, opening a new chapter in the Mississauga-based company’s 50-year legacy of integrated real estate ownership, management and investment. Morguard’s platform and investments comprise $19 billion in assets owned and under management as at the end of Q3 2025.

"It is an honour to lead Morguard into its next chapter," Angela Sahi said in the announcement. "With a talented team, trusted relationships and a proven platform, we will continue to build on our legacy and deliver long-term value for our stakeholders."

Prior to taking on the president/COO roles in early 2024, Angela Sahi had been the firm's executive vice-president of residential, office and industrial. She joined Morguard in 2006 following seven years at Ernst & Young LLP.

Her time at EY included a consulting position in New York at its real estate advisory group and business risk services group, as well as working with EY’s audit and tax groups in Toronto. 

About Morguard and its holdings

Morguard Corporation and its subsidiaries, Morguard REIT (MRT-UN-T) and Morguard North American Residential REIT (MRG-UN-T), own a diversified portfolio of real estate assets across multiple classes, including office, industrial, retail, multi-suite residential and hotel. 

Morguard also provides real estate management services to institutional and other investors.

Morguard Real Estate Investment Trust is a closed-end real estate investment trust which owns a portfolio of 45 retail, office and industrial income-producing properties across Canada, totalling approximately 8.1 million square feet of leasable space with a book value of $2.2 billion. 

Morguard North American Residential REIT is an open-ended real estate investment trust focused on multi-suite residential properties in Canada and the U.S. As at Sept. 30, the REIT's portfolio consisted of 12,315 residential suites and 229,500 square feet of commercial area in 11 North American markets, with a value of approximately $4.3 billion.