Minto Developments Inc.
| Private Company | |
| Industry | Real estate |
| Founded | 1955 |
| Headquarters | Ottawa, Ontario, Canada |
|
Key people
|
Michael Waters (CEO) Roger Greenberg (Executive Chairman) |
| Owner | The Greenberg Family |
|
Number of employees
|
1,200 (2017) |
The Minto Group is a Canadian real estate company, based in Ottawa, Ontario. It builds homes in Ottawa, Toronto, Calgary, and Florida. It also manages multi-residential and commercial properties in Ontario and Alberta. It has built 80,000 new homes, and manages $2.9 billion in assets, including 15,000 multi-residential units and 2.7 million square feet of commercial space.
Minto was founded in 1955 by Gilbert, Irving, Lorry and Louis Greenberg, as a home builder. It was originally called Mercury Homes, but renamed itself Minto Construction Company in 1957. Its first large development was Parkwood Hills in Nepean in partnership with Westmore Investements. As part of that development, Minto built Canada's first high rise condominium, Horizon House on Meadowlands Drive. Minto developed a number of other subdivisions in the Ottawa area in the 1960s and 1970s; in 1971, three quarters of construction in Nepean was by Minto.
In the early 1980s, Minto expanded to Florida.
In 1991, Roger Greenberg, son of Gilbert, became CEO, after the death of his uncle Irving.
In 2012, Michael Waters, who is not part of the Greenberg family, became CEO.
The Minto Group is divided into three divisions:
The Greenberg family, who founded and still control the Minto Group, were listed as the 74th richest people in Canada in 2017, according to Canadian Business.
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Wikipedia