C$150M first close of Canadian Multi-Residential Fund VI
This closed-end, value-add Canadian rental fund targets Ontario, Alberta, Quebec and Nova Scotia, with a second close targeted for mid-2027.
Real Estate
Toronto-based, employee-owned real estate investment manager running private real estate (equity and credit) and global REIT strategies; formerly the equities arm of Timbercreek.
Hazelview Investments is a Toronto-headquartered, employee-owned real estate investment manager that traces its roots to Timbercreek Asset Management, co-founded by Ugo Bizzarri in 1999. In November 2020 Timbercreek Equities Corp. was renamed Hazelview Investments. The Timbercreek name and its commercial real estate lending business stayed with a separate firm led by Blair Tamblyn, so Hazelview is not today's Timbercreek mortgage lender. Hazelview's private platform buys, develops and manages Canadian multi-residential and other real estate, and invests in credit strategies (the firm cites 180+ debt transactions); its public platform runs global REIT portfolios from Toronto, New York, Hamburg and Hong Kong. For students and junior hires, most investment, development and property-management roles are in Toronto, with a second Canadian office in Montreal.
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Real estate investments across the capital stack (multi-family, development, industrial and credit strategies) through managed accounts and funds such as the Hazelview Canadian Multi-Residential Fund series. The firm cites 200+ equity investments and 180+ debt transactions.
In-house development of purpose-built rental and mixed-use projects, largely in Toronto, as part of the private platform.
In-house management of more than 34,000 multi-residential suites across Canada.
Global listed real estate securities strategies led by Co-CEO Corrado Russo. They were expanded in May 2026 when Hazelview took over Presima's REIT mandates and team.
| Toronto | ON | headquarters |
| Montreal | QC | office |
New York · Hamburg · Hong Kong
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From the inside
Reasons that work in interviews
3 reasons for Hazelview Investments
The useful distinction to draw is whether the firm develops, operates, or only invests. Saying which of the three you want, and why, separates you immediately from candidates who say they like real estate because it is tangible.
Invests in both public real estate securities and private real estate, which almost no Canadian firm does under one roof: you learn how the listed market prices what the private market owns.
Global mandate from Toronto.
Smaller team, so the crossover between the two sides is visible rather than siloed.
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Founder, Executive Chair and Chair of the Board
Executive
Co-founded Timbercreek Asset Management in 1999 and led Hazelview as CEO until March 2026, when he became Executive Chair. He advises the co-CEOs on strategy and sits on the Investment Committee. Earlier he worked in real estate portfolio management at Ontario Teachers' Pension Plan. Ivey graduate; CFA.
Managing Partner, Co-CEO & CIO Private Real Estate
Private Real Estate
Joined in 2007 and built the private real estate platform, which covers multi-family, development, industrial and credit strategies. He was named Co-CEO in March 2026 and remains CIO of private real estate. He has worked on nearly C$10 billion of Canadian and U.S. real estate transactions. Dalhousie graduate.
Managing Partner, Co-CEO & CIO Public Real Estate
Public Real Estate
Joined in 2011 and built Hazelview's global REIT platform; named Co-CEO in March 2026 and remains CIO of public real estate. Earlier he worked at Forum Securities, Citi Property Investors and Ontario Teachers' Pension Plan. Schulich MBA; CFA.
Managing Partner & General Counsel
Legal
Joined in April 2013 to oversee corporate legal matters for the investment management business. Previously a corporate finance, M&A and securities lawyer at Goodmans LLP in Toronto. U of T JD; UBC BA.
Managing Partner, Head of Capital Partnerships
Capital Partnerships
Joined in 2023 and leads fundraising and business development across institutional, consultant, family-office and private-wealth channels. Previously VP, Investments at Institutional Mortgage Capital, with earlier roles at TD Greystone and CI Investments. McGill BA; CAIA and CIM.
Managing Partner, Head of Client Solutions and Experience
Client Solutions
Joined in August 2005 as Director of Investor Relations and Corporate Development. She has overseen investor relations and the structuring and launch of many public and private investment vehicles. McMaster MBA.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
May 4, 2026
Marc-André FlageoleTeam build
Presima → Hazelview Investments
Key Presima professionals, including its head, joined Hazelview's global REIT team when Hazelview took over Presima's investment management contracts. Flageole's Hazelview title is not stated in the release.
Mar 26, 2026
Ugo BizzarriAppointment
Executive Chair
Hazelview Investments → Hazelview Investments
The founder moved from CEO to Executive Chair under a multi-year succession plan.
Mar 26, 2026
Corrado RussoPromotion
Co-CEO & CIO Public Real Estate
Hazelview Investments → Hazelview Investments
Appointed Co-CEO alongside Michael Tsourounis and kept his role as public real estate CIO.
Mar 26, 2026
Michael TsourounisPromotion
Co-CEO & CIO Private Real Estate
Hazelview Investments → Hazelview Investments
Appointed Co-CEO alongside Corrado Russo and kept his role as private real estate CIO.
May 4, 2026
Presima (global REIT investment management contracts and team)
Acquirer · Asset management (real estate securities)
Buyer Hazelview Investments
Hazelview completed a transaction under which it took over Presima's investment management contracts. Presima's key professionals joined Hazelview's global REIT team and continue to run their strategies. Terms were not disclosed.
This closed-end, value-add Canadian rental fund targets Ontario, Alberta, Quebec and Nova Scotia, with a second close targeted for mid-2027.
Hazelview took over Presima's investment management contracts to expand its global REIT platform.
Bizzarri became Executive Chair, and the public and private real estate CIOs became joint chief executives.
Timbercreek split its brands. The direct real estate and public securities business became Hazelview under Ugo Bizzarri, while Timbercreek kept its name and commercial real estate lending under Blair Tamblyn.
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Hazelview Investments · Jul 14, 2026 · hazelview.com
Hazelview Investments · May 4, 2026 · hazelview.com
Hazelview Investments · Mar 26, 2026 · hazelview.com
Timbercreek / Hazelview (CNW Newswire) · Nov 9, 2020 · newswire.ca
Hazelview Investments · Date unavailable · hazelview.com
Hazelview Investments · Date unavailable · hazelview.com
Hazelview Investments · Date unavailable · hazelview.com
Hazelview Investments · Date unavailable · hazelview.com
Hazelview Investments · Date unavailable · hazelview.com
Hazelview Investments · Date unavailable · hazelview.com
Hazelview Investments · Date unavailable · hazelview.com
Hazelview Investments · Date unavailable · hazelview.com
Hazelview Investments · Date unavailable · hazelview.com
Bay Street Oracle · Oct 8, 2026 · intelligence.baystreetoracle.ca
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Summer Analyst · Canada
The larger real estate platforms run a summer class and take co-op students across the other terms, often split between investments and the operating side. BSO has not confirmed a timetable for Hazelview Investments on an official page: this records that the intake exists and what the category's cycle looks like, not a published date. Confirm with the firm before you plan around it.
Co-op / Off-cycle intern · Canada
BSO has not confirmed a timetable for Hazelview Investments on an official page: this records that the intake exists and what the category's cycle looks like, not a published date. Confirm with the firm before you plan around it.
Typical background
GuidanceA Big Six or boutique investment bank, a pension rotation, or asset management.
Large-cap platforms and global multi-strategy funds
Upper mid-market PE, infrastructure, the Maple 8 and large managers
Hazelview Investments is hereMid-market PE, mid-sized managers, domestic hedge funds and smaller pensions
Small-cap private equity, boutique managers and early-stage VC
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