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How to finance a real estate development

 

In this episode host Jesse Fragale sits down with Mitchell Gillin, SVP of asset management and operations at Hullmark, a Toronto real estate company with over 75 years of history and a portfolio exceeding $1 billion in AUM.

Gillin has been with Hullmark for 10 years, helping grow the team from six people to 35, and is currently overseeing a pipeline of approximately 5,000 residential units across urban Toronto. They discuss:

  • why the city's real estate market is still a grind in 2026 and when he thinks things will turn around;
  • the real difference between condo development and purpose-built rental and why the math is making it nearly impossible to build right now;
  • how Hallmark pivoted from adaptive reuse office buildings to ground-up residential development;
  • why retail went from completely dead to the hottest asset class in Canada almost overnight;
  • the equity gap killing new development projects across Toronto; and
  • where the smart money is positioning itself right now. 

EDITOR'S NOTE: The podcast text has been edited to correct the references to Mitch Gillin and Hullmark. Information supplied to RENX was incorrect. We sincerely apologize for the error.


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