- Business
- Wilmington Capital Management Inc. (TSX: WCM-A) is a Canada-based investment company founded in 1979 and headquartered in Calgary, Alberta, that principally seeks investment opportunities in alternative asset classes, including real estate and energy sectors, to deliver long-term capital appreciation to shareholders rather than current income; it invests its own capital alongside partners and co-investors in hard assets such as self-storage facilities, marinas, RV resorts, manufactured home communities, development land and private equity funds, while historically managing these through operating platforms in marinas, real estate, energy and other divisions across Canada. The company offers exposure to specialized real estate assets like its past ownership interests in 38 self-storage facilities totaling 1.6 million square feet in British Columbia, Alberta, Manitoba and Ontario; 21 Ontario marinas with over 8,800 slips; three Alberta and British Columbia RV resorts with about 1,000 sites; manufactured home communities; and energy-focused exempt market dealer funds, with an 18% stake in the Bay Moorings Partnership's Ontario Champlain Shores lakefront development of 50 home sites and zoned 88-unit condominium remaining as its sole current investment. In recent developments, Wilmington monetized several holdings including its 17% interest in Maple Leaf Marinas for $22.0 million on February 22, 2024; 16% stake in Sunchaser RV Resorts for $4.7 million on November 1, 2024; 3.4 acres of Calgary development land for $9.2 million on August 30, 2024; full interest in Northbridge Capital Partners energy funds on December 31, 2023 with cash and in-kind distributions; and 19.7% in Bow City self-storage partnerships for $3.9 million on August 9, 2023, enabling business simplification, capital repatriation to shareholders and exploration of liquidity-enhancing alternatives.