- Business
- Halmont Properties Corporation Halmont Properties Corporation (TSX-V: HMT) is a Toronto-based real estate investment company founded in 2000 that invests directly and indirectly in real assets across North America, including low-rise office, retail, commercial, residential, industrial, institutional, and forest properties; it also provides property financing through medium-term loans and advisory services. The company operates primarily in three segments: real estate, where it enhances portfolio value via re-tenanting, physical upgrades, and redevelopment opportunities in partnership with neighboring owners; managed forests, encompassing freehold timberlands, sustainable forestry practices, infrastructure improvements, non-timber revenue sources, and manufacturing of hardwood lumber and high-quality biochar through affiliates like Haliburton Forest; and financial assets, offering expeditious loan processing, project financing advice, and intervention support for clients. Headquartered at 181 Bay Street in Toronto, Ontario, Halmont targets institutional partners, educational entities, and real asset developers, with geographic focus on Canada and selective North American opportunities. In 2024, the company substantially completed a multi-year portfolio transition, acquiring a 50% interest in 25 Dockside Drive, Toronto, via joint venture with George Brown College to expand its waterfront campus; a 37.5% interest in 2 Queen East, Toronto, through joint operation with Toronto Metropolitan University and Brookfield Property Partners; and additional participating preferred shares in Haliburton Forest for $21.7 million plus $1.0 million more in early 2025, lifting effective ownership to 59%, alongside Haliburton Forest's purchase of Murry Bros. Lumber Company sawmill and crown land harvesting rights; it also issued $50 million in Series II convertible preferred shares to fund growth. These moves more than doubled equity base since 2020, boosting fully diluted book value per common share to 95¢ as of June 30, 2025, from 84¢ a year prior, while maintaining commitments to sustainable practices, community enhancement, and potential share repurchases if trading at discounts to book value.