The Gracorp team is a young, aggressive group with a variety of complementary development talents, from acquisition to completion. Gracorp and its sister entity Graham Capital are growing enterprises and employ over 25 personnel. Select key personnel are presented below.
Tim Heavenor President
Tim is the founding President of Gracorp. Tim contributes over 28 years of experience in major project development, strategic planning, private equity, business development and corporate finance. Based in Calgary, Tim is also the Executive Vice President and Chief Financial Officer of the Graham Group. Together, Gracorp and Graham Capital are developing a growing portfolio of private and public real estate and infrastructure assets. Tim is the founding President and Director of the GVest Private Equity LP and the Connor Clark & Lunn GVest Traditional Infrastructure LP and is a director of the Canadian Farm Insurance Corporation, a Canadian insurance company.
Tim joined the Graham Group as Vice President in 2007 and founded Gracorp shortly thereafter. Previously, Tim was one of three executives who led Manvest Inc., a private investment company, to top-quartile returns over a 10-year period. While at Manvest, Tim was an officer and director of numerous investor and investee companies. Tim holds a B.Com (Finance) from the University of Alberta.
Bruce Black Vice President
Bruce has 22 years of experience in corporate finance, development, investment management and operations. Based in Vancouver, Bruce oversees the real estate activities of Gracorp and Graham. Bruce previously led large public development projects that now form part of the Graham Capital portfolio.
Prior to joining Gracorp, Bruce was Vice President of Corporate Finance and Development of a publicly listed gaming and entertainment company. Prior thereto, he was an investment banker with TD Securities and a consultant with KPMG. Bruce holds Chartered Accountant (CA), Chartered Business Valuator (CBV) and Chartered Financial Analyst (CFA) designations as well as a B.A. from the University of British Columbia.
Barry Poffenroth Director, Real Estate
Barry is based in Calgary and has over 31 years of experience in the real estate industry. His responsibilities at Gracorp include the sourcing, structuring, financing and management of real estate investment opportunities on behalf of employees and third-party investors; investor reporting and liaison; and fund management. Prior to joining Gracorp in 2007, Barry spent 10 years as Senior Vice President of Urbco Inc., a TSX-listed development and property company that focused on land development, condominium development and residential rental property acquisition and management in Alberta and northern Canada. In 2002, Urbco was transformed into Northern Property REIT.
Prior to his time at Urbco, Barry worked at Shelter Corporation, where he helped to finance and/or build over $100 million worth of multi-family housing. He has also served on the board of directors or as advisor to several technology-related companies while working with Springbank TechVentures, a venture capital fund that he launched with three partners in 2001. Barry holds a B.Com from the University of Calgary.
Jill Brimacombe Associate Director, Real Estate
Jill works in Gracorp’s Vancouver office. Prior to joining Gracorp’s real estate team, she spent eight years managing the technical components of large-scale P3 projects in British Columbia. She helped lead the successful bids for several B.C.-based projects totalling over $845 million, including the B.C. Cancer Agency Centre for the North, the Interior Heart and Surgical Centre, and the North Island Hospitals Project. Jill holds an M.A.Sc. in Mechanical Engineering from the University of British Columbia and a B.Sc. in Mechanical Engineering from the University of Alberta. Jill is a Professional Engineer and a LEED Accredited Professional.
Hal Hodgson Property Manager
Hal leads the property management duties for Gracorp, commencing with the 2015 sale and leaseback of the Graham Group’s portfolio of office and shop facilities in Western Canada. With over 30 years in commercial real estate, Hal has expertise in property management, leasing, acquisition and development, investment analysis, financing, and real estate brokerage. Hal’s experience includes working for national retail chains and financial institutions with responsibility covering the four western provinces and the Greater Toronto area. He has also owned and operated his own property management company. Hal has a B.Com from the University of Calgary and has completed the Urban Land diploma course at the University of British Columbia. Hal is also a licensed broker in Alberta.
Curtis Pelletier Manager of Investor Relations
Curtis is based in Calgary and has over eight years of capital markets, corporate communications, and regulatory disclosure experience across a broad range of industries. He has an extensive knowledge base in the fields of communication, finance, and marketing and a successful track record of planning and executing strategic investor relations programs on behalf of publicly traded companies.
Prior to joining Gracorp, Curtis was the Manager of Investor Relations for a publicly listed upstream oil and gas company. Curtis served as the Membership & Mentorship Chair of the Canadian Investor Relations Institute (CIRI) – Alberta Chapter for five years. He holds a Bachelor of Applied Communications – Public Relations Degree and a Technical Writing Certificate from Mount Royal University.
Novy Cheema Associate Director, Real Estate
Novy is based in Calgary and has over eight years of experience in real estate law and development. Prior to joining Gracorp, he worked as an in-house counsel for a regional real estate developer where he was responsible for negotiating, drafting and closing purchase and sale agreements, commercial leases and debt and equity financings for properties located throughout Alberta and Houston, Texas. Prior to this, he was a commercial real estate associate for a national law firm in Calgary.
Novy holds a Bachelor of Laws degree from the University of Alberta and a Bachelor of Commerce (Finance) degree from the University of Calgary. Novy is an active member of the Law Society of Alberta, Canadian Bar Association, Calgary Bar Association and NAIOP (Commercial Real Estate Development Association).
Asad Siddiqui Financial Analyst
Asad is based in Gracorp’s Vancouver office. He began his career with Deutsche Bank’s Investment Banking division in Dubai followed by time at a Private Equity firm in Toronto. Prior to joining Gracorp in 2016, Asad worked as a Real Estate Equity Research Associate at a Toronto-based Independent Capital Markets firm for three years, where he covered Canada-based REITs operating across North America.
Asad holds a Bachelor of Arts (Economics and Mathematics) degree from McGill University and is a CFA® Charterholder.