Genstar Development Company (Canada) is a

real estate development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. R ...

company that creates master planned communities throughout

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tota ...

. Genstar has a history dating back over 50 years developing thousands of acres into some of the most recognized communities across Canada. Today, Genstar has active projects in Calgary, Edmonton and Winnipeg.

History

The company's origins date back to 1950 as BACM Industries founded by the Simkin Family in

Winnipeg Winnipeg () is the capital and largest city of the province of Manitoba in Canada. It is centred on the confluence of the Red and Assiniboine rivers, near the longitudinal centre of North America. , Winnipeg had a city population of 749 ...

. In 1973, BACM Industries was sold to Genstar Corporation and was renamed Genstar Development Company. At that time, the Company operated in Winnipeg, Edmonton, Calgary, and Vancouver. Soon after, operations were added in Toronto and then Ottawa. In the late 1970s the Company also started operations in the United States. In 1986, Genstar Corporation was acquired by Imasco Limited. By 1991, Genstar had active development operations in Minnesota, San Diego, Los Angeles, Portland, Tampa, Atlanta and Houston - all under the banner of Genstar Land Company. In 1999, senior management orchestrated a management buyout and acquired the assets of Genstar in Canada and formed GDC Communities in the United States. GDC Communities plays two roles, it owns Genstar Development Company (Canada) and directs the development of its Canadian master planned communities, and secondly, it provides the foundation for the US investments and operations.

External link

Genstar
(company website)

References

{{Reflist Real estate companies of Canada