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Team

Passionate people with
proven expertise.

It takes a lot of big-picture thinking to develop a successful project, but we never lose sight of the little things. We’ve built a reputation on strong relationships – those relationships start here.

Todd Cowan

Co-Founder and Managing Partner

Todd Cowan

Co-Founder and Managing Partner

Todd graduated with an HBA designation from the IVEY School of Business and has over 25 years of real estate experience in North America and Europe.

As one of the founding executives representing TrizecHahn Corporation, Todd was the former Chief Executive Officer of TriGranit Development Corporation, and an integral part of the senior management team from 1997-2006. During this time the company established operations in 12 countries throughout Central and Eastern Europe, developed a large portfolio of award-winning projects and positioned TriGranit as one of the leading developers in Central and Eastern Europe.

Todd is a member of the Young Presidents Organization, was a founding investor and Board Member of JCM Power, has held positions on various corporate and community Boards and continues to pursue a lifetime passion for the outdoors and competitive sports.

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Jordan Dermer

Co-Founder and Managing Partner

Jordan Dermer

Co-Founder and Managing Partner

Jordan Dermer has accumulated over 24 years of real estate experience in North America and Europe. He was formerly the Chief Development Officer of TriGranit Development – one of the leading developers throughout Central and Eastern Europe – where he was responsible for international development expansion in 12 countries while participating in the overall management of the firm’s development activities. Prior to this, he was with Trizec Properties managing leasing and asset management from 1994 – 1998. Jordan is currently a member of the Innovation Committee at the Peter Munk Cardiac Center. He is also a member of the Board of Governors of the Bishop Strachan School and a Co-Founder of Kids for Kids.

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Andrew Adams

Senior Vice-President, Finance and Investment

Andrew Adams

Senior Vice-President, Finance and Investment

Phone:  416.637.9309

Andrew has over 10 years of real estate experience in Canada. At Capital Developments, Andrew oversees financial operations and planning for all projects including financial modeling, investor relations and investment opportunities. Prior to joining Capital Developments, he worked as an Analyst to the CFO at DREAM while Dundee REIT became the largest office REIT in Canada. Andrew was also involved with DREAM as they completed the IPOs for Dundee International REIT, Dundee Industrial REIT and numerous acquisitions. Prior to working on the finance side of real estate, Andrew was a structural engineer.

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Jennifer Bahk

Director, Development Accounting

Jennifer Bahk

Director, Development Accounting

Phone:  416.638.9316

Jennifer is a designated CPA, CGA with 10 years of experience working for both private and publicly traded companies. At Capital Developments, Jennifer is responsible for overseeing all development accounting functions including, month-end and year-end processes, financial reporting, cash flow management and HST/tax related matters. Prior to working at Capital Developments, Jennifer worked for a U.S. based technology and marketing firm, leading the accounting team and managing audit and SOX testing functions. She has also held positions in the property development industry, managing the accounting for a portfolio of more than 10 projects, which included active development sites, operating accounts and new acquisitions.

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Chris Dynes

Manager, Development

Chris Dynes

Manager, Development

Phone:  416.631.9317

Chris has over five years of experience working in the development industry in the GTA. As a Development Manager at Capital Developments Chris is responsible for the day to day management of many of the company’s development projects. Prior to joining Capital Developments, Chris worked as a Development Associate and Analyst at Minto Communities. He brings with him experience working on projects ranging from highly complex mixed-use high-rise projects in downtown Toronto to low-rise projects in the surrounding municipalities, as well as experience managing acquisition opportunities.

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Sari Goldstein

Director, Corporate Accounting

Sari Goldstein

Director, Corporate Accounting

Phone:  647.351.9312

Sari is a designated CPA, CA with approximately 15 years of experience in the finance and accounting industries. At Capital Developments, she is responsible for overseeing all aspects of the corporate accounting and reporting functions for Capital Developments, as well as overseeing various projects. Prior to joining Capital Developments, Sari held senior finance or accounting positions with PC Financial, Loblaw Companies Limited, George Weston Limited and KPMG. She has also sat on the board of directors and acted as the treasurer of multiple charitable organizations in Toronto. She is also a proud mother of three growing boys.

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Heather Grey-Wolf

Vice-President, Development and Stakeholder Engagement

Heather Grey-Wolf

Vice-President, Development and Stakeholder Engagement

Phone:  416.636.9318

Heather is a licensed architect with an MBA from the Rotman School of Management at the University of Toronto. Starting her career as an architect, Heather has 20 years of progressive experience in the real estate and development industry. Prior joining Capital Developments, Heather was Vice President of Development with Realstar Management, establishing a $1 billion national development program, with active projects in British Columbia and Ontario. Previously, as Development Director for the Regent Park revitalization with Toronto Community Housing, Heather was responsible for all aspects of the 69-acre, $2.5 billion redevelopment project in Toronto’s downtown east, delivering over 1,850 units on time and budget. At Capital Developments, Heather is responsible for a portfolio of development projects.

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Amanda Milborne Ireland

Vice-President, Sales and Community Marketing

Amanda Milborne Ireland

Vice-President, Sales and Community Marketing

Phone:  647.748.9314

As Vice President of Sales and Community Marketing, Amanda brings a strong focus on marketing and customer service to Capital Developments. Amanda oversees all aspects of frontline communications, sales and marketing efforts and community engagement. Devoted to project management, Amanda also holds a Master of Science in Real Estate Development from Columbia University. Prior to joining Capital Developments, Amanda was Chief Operating Officer of Milborne Group and a lead contributor to a record year in 2017, with over 6,400 units sold. An expert in her field, she has personally supervised the marketing and sales of multiple high-rise communities (both individual and master planned) totaling over $3.5 billion in real estate. She is a multiple award winner (Best Sales Team BILD 2017 and Best Project/Sales and Marketing – International Property Awards 2018) for her lead on marketing and sales. Amanda has over 13 years of experience in her field. Amanda graduated with a Bachelor of Science in Communication from Boston University on a full athletic scholarship and was the captain of the Varsity Women’s rowing team (2 years) and winner of the 2005-2006 MVP Award. Amanda is the three-year past president of the Waterfront Montessori Children’s Centre parent board, a not-for-profit community school on the Toronto Islands.

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Shane Murphy

Director, Construction

Shane Murphy

Director, Construction

Phone:  647.344.9315

Shane has nearly five years’ experience in the Canadian construction industry. Since moving to Toronto in 2012. At Capital Developments, Shane is involved in all stages of construction from conception to completion, with the ultimate responsibility of ensuring the customer expectations and requirements are satisfied. Prior to joining Capital Developments, Shane was a Project Manager at Bluescape Construction Management and was involved in the successful completion of Market Wharf Phase 2 and Brant Park. Most recently Shane was the Project Manager of the third phase of the award-winning River City development.

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Rob Ramsay

Senior Vice-President, Development

Rob Ramsay

Senior Vice-President, Development

Phone:  647.344.9311

Rob Ramsay has over 25 years of real estate industry experience, all of which has involved the management of a wide array of commercial, residential, and institutional development projects. Overall, Rob has managed the delivery of 20 million square feet of product valued at over $1 billion. Prior to joining CD Capital, he held senior development positions with industry leaders such as ING Real Estate, GWL Realty Advisors, and Bramalea. At Capital Developments, Rob oversees the management and delivery of the firm’s development projects.

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Brandon Shaw

Manager, Construction & Customer Service

Brandon Shaw

Manager, Construction & Customer Service

Phone:  416.636.9320

Brandon has over seven years of experience in the construction and customer care industry. Before joining Capital Developments, Brandon was an Assistant Customer Care Manager, PDI Inspector, and an Assistant Post Construction Manager for another development and construction company. Brandon was involved closely with customer care and the construction teams in order to rectify and complete in suite and building-wide issues and concerns. At Capital Developments, Brandon works on all matters relating to the management of customer care and construction.

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George Shivraj

Senior Project Accountant

George Shivraj

Senior Project Accountant

Phone:  416.636.9342

George has over 10 years Development and Project accounting experience. At Capital Developments George will oversee all accounting functions including financial reporting, construction draws, cash calls, deposit release and HST filing. Prior to joining Capital Developments George has worked for Liberty Developments, Empire Communities, JD Development Group and was responsible for the accounting and finance function for entities that controlled different projects related to construction (Hi Rise/Low Rise) and Land development activities.

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Carlo Timpano

Senior Vice President, Development

Carlo Timpano

Senior Vice President, Development

Phone:  416.636.9381

Carlo is responsible for leading a portfolio of development projects and supporting business development at Capital Developments. Prior to joining Capital Developments, Carlo was entrusted to lead several of Oxford Properties' largest commercial and mixed use projects as Vice President, Development. Among his projects were The Stack, Vancouver's largest commercial tower, Union Park, the largest mixed-use project proposal in Toronto's history and the largest in Oxford's history, and the revitalization and expansion of the Park Hyatt, Toronto. Total active projects under his purview totaled $1B and total redevelopment projects totaled $4B. Carlo's real estate development experience is complimented with a strategic mindset honed through several years of management consulting experience. Previously, Carlo worked at both Boston Consulting Group and Bain & Company, where he focused on private equity and third-party asset management strategy. Carlo earned an MBA with Honors from Harvard Business School and a B.Comm with Honours from Queens School of Business. Carlo is an avid traveler (having visited over 70 countries), an amateur astronomer, a horror movie buff, and an enthusiastic family man.

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Kara Wilson

Executive Assistant to the Managing Partners

Kara Wilson

Executive Assistant to the Managing Partners

Phone:  647.748.9313

Kara has over 12 years of experience in administrative support roles with progressively increasing responsibility starting in frontline roles like reception to providing support to more senior executives.Prior to joining Capital Developments, she worked 6 years with Cadillac Fairview’s Operations and Development teams, culminating in her current role as Executive Assistant, to the Managing Partners at Capital Developments. With a track record of strong performance in high-volume, high-pressure environments, Kara skillfully manages administrative duties and client relations for her colleagues.

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Matt Young

Vice-President, Development

Matt Young

Vice-President, Development

Phone:  416.665.9310

Matt has over 8 years of experience in the real estate and development industry. Prior to joining Capital Developments, Matt spent 3 years as a Project Manager for Lifetime Developments where he was involved in the management of a portfolio of 14 multi-family and mixed-use projects and over 350,000 square feet of retail and office space in downtown Toronto. Matt was directly involved in the acquisition, development, marketing and sales of a number of highly successful residential and mixed-use projects, including the fastest selling projects of 2011 (Karma) and 2012 (INDX). At Capital Developments, Matt works on all matters relating to the management of a portfolio of development properties.

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David Zhou

Senior Analyst

David Zhou

Senior Analyst

Phone:  416.398.9319

David has over 5 years of real estate experience in Canada. At Capital Developments, David is responsible for preparing feasibility studies for potential developments and updating financial reports for ongoing developments. Prior to joining Capital Developments, he worked as an Analyst to the CIO at Terracap Management Inc. assisting 12 active development projects in Canada and US. David holds an MBA from University of Toronto and a B.Eng. from McMaster University. David is also a CFA Charter holder. Before working in the real estate industry, David has worked for BMO as a relationship manager for 4 years.

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