Pacific Reach Properties, established in 2014 by co-founders, Azim Jamal and Joe Moosa, is built on a vision that has been in the making for over a decade.
For over 15 years, Azim and Joe have worked together as part of the senior leadership team responsible for leading their family-owned business, Retirement Concepts (RC). Retirement Concepts, very much a family-oriented company, was founded by Azim’s father, Abdul, in 1988. Starting with just 55 residents in 1988, the company is now one of the largest seniors’ housing operators in Western Canada with over 3,500 residents in 23 communities. From Independent Living to Assisted Living and Residential Care, Retirement Concepts offers a variety of housing options for seniors across BC.
In 2004, with the acquisition of the 280-room Sheraton Guildford Vancouver,
Azim and Joe began diversifying their portfolio to include other real estate assets. Between 2011 and 2013, they ventured into commercial and multi-family properties, acquiring 2,000 apartment units in Phoenix and 300 units in Los Angeles. In 2013, they acquired the iconic Maple Leaf Quay towers in downtown Toronto – This waterfront landmark contains 517 residential units and 84,000 square feet of commercial space.
Building on this initial success, in 2014, they established Pacific Reach Properties as a distinct real estate investment company to operate and manage their commercial, multi-family, and hotel assets.