Derek TownsendPrincipal at Citifund Capital Corporation
Derek Townsend began his commercial real estate career with a dedicated focus on rental apartment financing in Canada. In short order, he became Citifund Capital's leading expert on CMHC and conventional financing structures for apartment construction, repositioning and acquisition. CitiFund now represents a robust apartment business with clients ranging from private investors to REITs. He was the firm's youngest Vice President and is now the youngest Principal and co-owner. As the leader of the firm's apartment business line, CitiFund has funded over 450 mortgages totaling over $2.75B in debt origination.
Beyond structuring debt, Derek is a dedicated volunteer and leader in the industry and community which provided him he opportunity to be awarded the 2019 Canadian Real Estate Industry Outstanding Young Leader Award. He has been an active board member with UDI U40, MIABC, LandlordBC and a mentor to many young professionals in the industry.