Frank Hauer

Frank Hauer General Information

Biography

Mr. Frank Hauer is the Founding Partner at ReichmannHauer Capital Partners. He began his career with Olympia & York Developments Limited, in early 1985 as Vice President, Property Administration, and was promoted to Senior Vice President in 1988. Along with his responsibilities in Canada, he played a role in the development of the company's internationally-acclaimed World Financial Center in New York and, particularly, was responsible for overseeing the development process and establishing a critical foundation for efficient and service-focused property management for Canary Wharf in London, England. In 1993, with Philip Reichmann, he established O&Y Properties Inc. to continue the Canadian property management business of Olympia & York Developments Limited. In 1995, O&Y Properties Inc. acquired Counsel Management Services, bringing its managed portfolio to approximately 20 million square feet. After the acquisition of a controlling interest in Camdev Corporation in 1997, Camdev Properties Inc. was amalgamated into O&Y Properties Inc., a national property ownership and management company with approximately 25 million square feet of managed properties and 2.5 million square feet of owned properties. O&Y Properties Inc. is the operating subsidiary of O&Y Properties Corporation. As President of O&Y Properties, he provided leadership in the company's pursuit of growth through the acquisition of commercial office properties and property management companies in major Canadian cities, and value creation through asset and property management expertise to lease vacant and rollover space. Adhering to this strategy, he assisted with the strategic acquisition of more than three million square feet of property in Toronto, Calgary, Winnipeg, and Halifax. In May 1998, the company purchased Enterprise Property Group, a privately held manager of third-party commercial real estate, to create O&Y Enterprise. In September 1999, he played a key role in the strategic acquisition of O&Y Properties' 100% ownership interest in 1 First Canadian Place in the heart of Toronto's financial district - bringing the company's owned portfolio to an interest in nearly eight million square feet of commercial office space. Through a successful initial public offering in June 2001, he was instrumental in the launch of O&Y REIT, which was a 50.05% owned subsidiary of O&Y Properties Corporation. Through a unique shared management arrangement between O&Y REIT and O&Y Properties Corporation, he was President of both companies. When O&Y Properties and O&Y REIT were sold to Brookfield and its institutional partners for $2.1 billion in October 2005, they owned 25 office buildings (10 million square feet) - including Toronto's First Canadian Place.