Colonnade BridgePort’s investment arm taps veteran exec Elliott to lead fundraising efforts

David Sali

April 15, 2025

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Colonnade BridgePort has hired a veteran real estate executive to spearhead the launch of new investment funds aimed at financing future development projects. Marshall Elliott has joined CBP Capital, Colonnade BridgePort’s investment and fund management arm, as senior vice-president of fund management, the company announced Tuesday. Elliott will oversee CBP Capital’s fundraising and capital deployment efforts. The move comes as the organization prepares to launch a new fund next month to finance real estate investment opportunities in Ottawa, the Greater Toronto Area and Atlantic Canada. A bachelor of commerce graduate of the University of Alberta who later earned an MBA from Ryerson (now Toronto Metropolitan) University, Elliott brings more than 15 years of experience in real estate investment to the job. Most recently, he led the investments team for property management firm BentallGreenOak’s Canadian platform, where he oversaw more than $4 billion in transactions over more than a decade. Before that, he was a member of the corporate finance team at First Capital REIT. Elliott said CBP Capital, which closed its inaugural fund last year, is at an “exciting point in its growth” as it seeks additional backers. “With Colonnade BridgePort’s full range of integrated investment, operating and development expertise, CBP Capital is exceptionally well-positioned to deliver long-term, sustainable value for our investors,” he said in a statement. Andrew Blair, the organization’s managing partner, said Elliott has a “proven track record of success” and brings “deep industry knowledge and experience” to the job. “His expertise and relationships will be incredibly valuable as we launch our next round of funds and continue to expand our investor network,” Blair said in a statement. CBP Capital is a key investor in Colonnade BridgePort’s development pipeline as the Ottawa-based company rolls out several new mixed-use, multi-family projects in Ottawa. Colonnade BridgePort recently began construction on a 12-storey, 127-unit “boutique” rental complex on Argyle Avenue in Centretown and expects to break ground at two additional sites later this year. CEO Hugh Gorman told OBJ last year the firm has “five to 10 years’ worth” of multi-residential projects in various stages of development. The firm’s most ambitious proposal is a multi-phased development on a five-acre property at 25 Pickering Pl., just east of the city’s main Via Rail terminal and the Tremblay LRT station. Colonnade BridgePort is partnering with Toronto-based investment firm Fiera Real Estate to turn the current industrial site into a “mixed-use, high-density community hub” that will eventually include up to 1,200 residential units in a mix of rental apartment highrises, condos and retirement residences, as well as retail space, parkland and possibly a hotel. Created from the 2016 merger of Colonnade Management and BridgePort Group of Companies, Colonnade BridgePort is Ottawa’s largest privately owned property management company with a portfolio of more than 12.5 million square feet of office, industrial, retail and residential space. The company expanded into the GTA in 2018 and added to its footprint in southern Ontario in 2023 when it agreed to take over management of more than 2.3 million square feet of industrial and retail space owned by Fiera in Burlington, Brantford and Brampton. Early last year, Colonnade BridgePort opened new offices in Nova Scotia and New Brunswick as part of its long-term strategic growth plan.