Derek TownsendPrincipal at Citifund Capital Corporation
Derek Townsend began his real estate career with CitiFund in 2012. Focusing on the rental apartment market, he quickly became CitiFund Capital's leading expert and a market leader in 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. As the leader of the firm's apartment business line, CitiFund has funded over 575 mortgages totaling over $3.3B in debt origination since 2012. 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 is in his second, non-concurrent term as an board member with UDI U40, a current board member of Landlord BC, a past board member of MIABC and a mentor to many young professionals in the industry.