Presenter

Michael Hungerford

Partner, Hungerford Properties

Hungerford Properties is a diversified real estate private equity business engaged in a range of investment, development, and management activities focused across Western Canada.VALUE ADD INVESTMENT STRATEGY: The business strategy is to acquire well located properties utilizing balanced leverage, advantageous market timing and proactive value added management. Typical investment properties include Class B & C properties with current income and upside potential.Hungerford Properties applies multifaceted value enhancing strategies to maximize returns. Such value add strategies include increasing rents & occupancy levels, reducing operating costs, refurbishment & redevelopment, rezoning & repositioning, strategic site assembly, and environmental remediation.PORTFOLIO: Current real estate assets under management total over 1,000,000 square feet including investments in residential, office, retail, industrial/warehouse, residential and agricultural properties. Hungerford Properties has a continuous pipeline of projects under development and refurbishment.With $150 million of equity under management, Michael is responsible for property management activities at Hungerford Properties, overseeing refurbishment, re-zoning, environmental remediation and leasing of all properties in the portfolio – totalling approximately one million square feet of leasable area. Under Michael’s management, the portfolio has extremely low vacancy rates (under 2%), stable cash flows, and conservative leverage across all of its asset classes: industrial, office and residential.At the helm of Hungerford Properties’ development projects, Michael oversees all aspects of the portfolio’s residential and commercial developments from start to finish, including rezoning, design, planning, marketing, construction, financing, sales and completion. In the two years alone, under Michael’s direction, Hungerford Properties’ developments have won over 15 national and regional awards, including best multi-family low rise development in British Columbia.Prior to joining Hungerford Properties 8 years ago, Michael was the Head of World Wide Business and Corporate Development & World Wide Sales Operations for eGain Communications (NASDAQ: EGAN), based in Palo Alto, California. As a founding executive, Michael grew eGain from a business plan to a publicly traded company; through 3 acquisitions totalling $250MM, capital raising of US$160MM, and a peak of US$53MM in annual sales with operations in over 30 countries. Currently, nearly half the global 500 largest companies depend on eGain software.Michael holds a Bachelor’s Degree from Queen’s University in Political Science, and a Masters of Business Administration from Stanford University’s Graduate School of Business. He sits on the boards of the Vancouver Heritage Foundation and the BC Cancer Foundation.

Become a TIGER 21 Member

Success is where we begin.
Submit Inquiry

Become a TIGER 21 Chair

TIGER 21 Chairs have achieved the kind of success most people can only imagine. Now is your opportunity to do even more – for you and for others.
Submit Inquiry