Frank Muhr has over 37 years of diversified experience in the real estate industry, both within the institutional and private sector. In 1991, Frank Muhr formed the company Muhr & Associates Ltd. with a view of providing a full range of professional real estate consulting / development management services to the institutional and private investment community. The focus was to provide value-added solutions to specific client problems with a goal of creating, preserving, and enhancing asset values. In July 2008, Frank Muhr renamed the company to Blackstock Realty Corp. to better reflect the full complement of services available given the addition of the real estate brokerage and mortgage brokerage components.
Frank Muhr has been responsible for the asset management of over 4,000,000 square feet of commercial properties, over 3,000 residential units and over 800 hotel guestrooms, while assisting with or being directly involved in orchestrating the disposition of over CDN$250,000,000 of commercial real estate, including the marketing of 17 hotels comprising over 3,200 guestrooms valued at over $500 million dollars.
Over the past ten years, Frank Muhr has provided due diligence services to a Canadian Institutional Fund manager on the acquisition of approximately 1.25 billion dollars of commercial real estate totalling over 4.3 million square feet, along with assessing the merits of several retail development opportunities comprising over 1.25 million square feet. The assets have included industrial, office and retail properties across Canada. In addition, Frank Muhr provided development management oversight services as the Fund manager’s liaison with various development partners. The development projects comprising industrial, office and residential apartments with a created value of approximately $300 million dollars.
Complementing the dispositions, Frank Muhr has assisted with or was directly involved with the sourcing, negotiating, and restructuring of $375,000,000 of mortgage financing. He has been involved in the planning and approval process for over 2,700 residential units and nearly 1,300,000 square feet of commercial space and the development of over 700 residential condominiums units in the Greater Toronto Area. He also assisted with or was directly involved in the negotiation of over 500,000 square feet of commercial leases; the build-out of approximately 175,000 square feet of tenant improvements; and office building developments totalling approximately 270,000 square feet.
Before formally launching Blackstock Realty Corp., Frank Muhr was the Managing Director of Oeming Commercial Realty Corp., where the mandate was to develop and maintain relationships with the investment community and continue providing value-added services, including acquisitions, dispositions, and financings. Frank Muhr participated in the marketing of over 17 hotels comprising over 3,200 guestrooms, valued at $500 million.
Frank Muhr is a registered Broker under the Real Estate and Business Brokers Act, (2002) and a registered Principal Broker under the Mortgage Brokerages, Lenders and Administrators Act, 2006, which is administered by the Financial Services Regulatory Authority of Ontario. Frank Muhr is a member in good standing with the Real Estate Council of Ontario (RECO) and Mortgage Professionals Canada.
