About Terracap
When it comes to discussions of leaders in the realm of real estate investment, Terracap undoubtedly stands among the top contenders. Hailing from Toronto, this fully diversified real estate entity has built a reputation for conducting value investments for a high net worth clientele, with assets spread across Canada and the United States. Founded and headed by Larry Krauss, a lawyer with three decades of experience in real estate, Terracap’s focus extends beyond just property management – they aim to provide investors with a fruitful vehicle to capitalise on real estate opportunities.
Leadership and Philosophy
Terracap’s founder, CEO, and Principal, Larry Krauss has leveraged his legal background and expertise in real estate to negotiate deals, source debt and equity, and formulate personalised strategies for each asset they acquire. He’s a firm advocate of being intimately involved with every project, thereby enhancing the potential returns on properties through strategic acquisition and efficient management.What’s more, Krauss has built a strong ensemble of acquisition and managerial experts who strive towards the overarching goal of making Terracap the top real estate investment platform for investors. Together, they have executed 60 effective real estate transactions in the past 30 years, thereby propelling the company to greater heights.
Value Augmentation and Expansion Strategy
Terracap’s trajectory to success lies in identifying underperforming properties in strategic locations across North America, acquiring them and subsequently adding value. This is achieved by their efficient provision of a suite of ancillary services like professional property management, development, construction management, and leasing.The innovative approach to active management, tax-efficient structures, redevelopment, creative financing, and re-merchandising plans has enabled the team to enhance the value of their assets. By taking calculated risks and optimising returns, Terracap has seamlessly expanded its hitherto Canadian-centric portfolio to include the United States.Currently, Terracap’s portfolio marks 2 million square feet of premium retail spaces scattered from British Columbia to Quebec, encompassing residential spaces, commercial offices, development lands and assembly sites. And the expansion isn’t slated to halt anytime soon.
Award-winning Acquisitions
Terracap’s astute business strategies and effective management have not only yielded financial results but also industry recognition. The company attracted accolades such as the Torchbearer Award and the Traveller’s Choice Award from TripAdvisor in 2017, reflecting their ability to enhance the value of their acquired properties.
Future Plans and Landmark Projects
Terracap projects an exciting future ahead, entailing continuous land acquisition across North America. A recent highlight includes securing a deal with the U.S. Government for 1.5 million square feet of land for the Nuclear Security Administration. They’ve also set their sights on 30 acres in West Edmonton for redevelopment and 350,000 square feet for a shopping mall in Montreal.
One of Terracap’s ongoing notable projects is the 500,000 square feet of land in West Edmonton, poised to become a Class “A” office space complemented by a 125-room hotel.Terracap aims to build a network of high-value real estate properties across continents, taking the right risks and executing landmark purchases. The vision goes beyond just increasing the investors’ returns; the company also strives to contribute positively to the community by transforming their acquired properties into significant landmarks.
Featured Projects
One of the featured properties in Terracap’s portfolio is the Towne Oaks Townhomes situated at 847 Mary Lee Circle, Irving, Texas. These cosy homes, nestled in a prime neighbourhood, offer spacious floor plans filled with natural light and inbuilt appliances.Another highlight is the Westlink Park situated at 170 Street in Edmonton. This 500,000 square foot Class A office space also features various retail stores, adding more value to the property.Canyon Tower at 100 Canyon Avenue, another prime property on Terracap’s portfolio, offers luxury living in North York, complete with amenities like an exercise room, pool, sauna, and proximity to shopping centres and restaurants. The residential tower’s spacious greenspace surrounding, makes it feel like a lush garden, providing a serene living experience.
Terracap is fast expanding its footprint in the real estate landscape of North America, driven by adept leadership, strategic acquisition, efficient management, and a relentless pursuit of value augmentation. Their unique approach, combined with a deep understanding of the market dynamics, promises a bright future for both the company and its investors.