(WASHINGTON, D.C.) – September 17, 2015 – Washington, D.C. based Commercial Real Estate Finance Council (CREFC) today expanded its global presence with the official inception of the CREFC Canada Chapter.
The Canada Chapter is being formed to bring CREFC’s trade association benefits and services to Canadian commercial real estate lenders, bond investors and loan servicers. The Canadian commercial real estate finance market is healthy and diversified yet, until today, been missing an industry platform on which to organize, associate, educate and advocate.
The Toronto based Chapter is headed by members from Royal Bank of Canada (RBC), Institutional Mortgage Capital (IMC), CMLS Financial, and Manulife Financial. CREFC Canada will provide Canada’s commercial real estate finance industry participants with conference programming, industry best practices, education initiatives and connectivity with global industry members.
“We are pleased and excited to be expanding our presence into Canada,” said Stephen M. Renna, CREFC’s President & CEO. “We look forward to serving the Canadian marketplace with the benefits and services we currently are providing the CRE finance industry broadly. There are strong synergies between the Canadian and U.S. markets and the Canada Chapter will allow participants in each country to capitalize on them.”
About CRE Finance Council
The CRE Finance Council (CREFC) is the trade association for lenders, investors, and servicers engaged in the $3.4 trillion commercial real estate finance industry. More than 295 companies and 7,000 individuals are members of CREFC. Member firms include CMBS issuers, commercial banks, insurance companies, private capital lenders, mortgage REITs, investment grade and B-piece buyers, servicers and rating agencies, among many others. CREFC promotes capital formation, encouraging commercial real estate finance market efficiency, transparency, and liquidity. CREFC also acts as a legislative and regulatory advocate for the industry, plays a vital role in setting market standards and provides education for market participants in this key sector of the global economy. We have affiliates in Europe and Asia. For more information please visit our website.
Executive Vice President
CRE Finance Council
Director, Industry Standards & Strategic Relations
CRE Finance Council