MANAGING DIRECTOR, REAL ESTATE INVESTMENTS
Neal joined Foremost to spearhead the launch of Foremost.RE, Foremost’s real estate equity fund. Previously, he was an Asset Manager at a US-focused value-add real estate fund, where he managed thousands of units across four states. During his tenure, he was tasked with recovering distressed properties and preparing them for sale, with total dispositions of ~US$145 million, achieving average annual returns ranging from 20% to 80% and multiples of capital from 2x-5x. Neal worked closely with third-party property managers, where he was focused on managing expenses, unit turnover, increasing rents, and building and unit renovations. Neal was also responsible for underwriting, due diligence, acquisitions, refinancing, and disposition of properties. Neal holds a degree in Mechanical Engineering from Queen’s University, a Master of Business Administration from the Rotman School of Management, and is a CFA Charterholder. Neal has also worked in Corporate Finance at TD Bank, focused on lending to private equity sponsor transactions and non-bank financial institutions.