Pacific Reach is a diversified investment company with investments and holdings across various sectors and markets; including real estate, hospitality and entertainment, healthcare, technology, and private equity.
Established in 2014 by co-founders, Azim Jamal and Joe Moosa, Pacific Reach is built on a vision that has been in the making for over a decade. For 20 years, Azim and Joe worked together as part of the senior leadership team responsible for leading their family-owned business, Retirement Concepts. Starting with just 55 residents in 1988, the company grew to be one of the largest seniors’ housing operators in Canada with over 4,200 residents in 25 communities.
In 2004, with the acquisition of the 280-room Sheraton Guildford Vancouver Hotel, 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 as a distinct real estate investment company to operate and manage their commercial, multi-family, and hotel assets. Fast forward to today, Pacific Reach owns over 1,800 apartment units, over 1.4 million square feet of commercial real estate, and 1,215 hotel units.
In 2018, Pacific Reach expanded into the entertainment sector, with the development and investment in a number of Food & Beverage operations and entertainment businesses – these investments helped form Pacific Reach’s Hospitality & Entertainment Division. Further, Pacific Reach also grew its non-real estate investments, and with this created a new Capital Division – which employs a private equity strategy and invests in variety of industries.