Mitchell Cohen
Westdale Properties
Chief operating officer of Westdale Properties (per The Globe and Mail).
Connected Scandals
The Ford government's Building Ontario Fund quietly committed $300 million in public mezzanine debt to High Art Capital — a little-known private fund — to buy unsold GTA condos from developers and convert them to rentals. Only 25% of the 2,200 units will be "affordable," the developers being bailed out are also paid to manage the properties, and the deal closed in secret two weeks before the public found out.
COO of Westdale Properties, which with Reserve Properties developed the Line 5 condo complex in midtown Toronto. Building Ontario Fund-backed High Art Capital bought 43 unsold Line 5 units for $22.3M — about $518,000 per unit, per CoStar's review of land-transfer records — in its first transaction. Cohen told The Globe and Mail: "It was a perfect opportunity."
Connected Companies
Chief operating officer of Westdale Properties (per The Globe and Mail).