Frank Hauer is a co-Founding Partner of ReichmannHauer Capital Partners. Frank 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, Frank 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, Frank 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, Frank 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, Frank 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, Frank 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, Frank was President of both companies.
When O&Y Properties and O&Y REIT was 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.
Frank moved to Toronto from Los Angeles in 1983 and today lives in Toronto with his wife, Rachel, and their six children. He is very committed to supporting the communities in which his business and family are located, and is a strong supporter of Jewish education, as well as being active in several charitable causes.
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