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What You Don't Know About CentreCourt’s Shamez Virani

Toronto Multifamily

He just turned 30, but CentreCourt Developments VP Shamez Virani—barely three years after earning a real estate MBA at Columbia University—is working on $1B worth of development, or 2,500 units, in a portfolio that includes some of Toronto's most high-profile condos. (30 is the new 48.)

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Peter Street Condos is nearing completion; Karma and Indx, Toronto’s top-selling condos of 2011 and 2012 respectively, are under construction; and Core Condos (below), breaks ground this month. All projects are 100% sold. And CentreCourt recently bought a downtown site, with plans for another high-rise condo, Shamez says. “I feel I’ve learned in three and a half years what a lot of people get exposed to in 10 because of the volume and pace of activity we’ve seen here,” he told us at CentreCourt’s Adelaide Street HQ. With the firm being a lean operation, “I get the benefit of being involved in all aspects of deals.”

dream gig for some, but Shamez says he came to realize investment banking wasn’t the right fit. When the recession took hold, he headed to Columbia to pursue an MBA. Just before graduation, a friend introduced Shamez to CentreCourt founder Andrew Hoffman. The two hit it off and Hoffman brought young Jedi Shamez on board at his new firm, which had just launched Peter Street Condos (rendered above) and would go on to produce some of Toronto’s fastest-selling condo projects in recent years. “We’re in the most exciting city in the world right now in terms of the intensification and urbanization happening here,” Shamez says. “And we’ve got a front-row seat.”

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