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InnHouse Capital appoints new Director of Business Development

VANCOUVER – March 18, 2014 – InnHouse Capital is pleased to announce that Khaled Shariff has joined the organization as the Director of Business Development. Khaled Shariff succeeds Jamil Murji, who recently partnered with InnHouse Capital in the acquisition of Inter-Urban Delivery Service Ltd. (Inter-Urban) in late 2013. Mr. Murji, CEO of Inter-Urban, stated “I have the utmost confidence in Mr. Shariff and have no doubt that he will continue to grow the InnHouse Group of Companies network through 2014.” Mr. Shariff will be leading the acquisition efforts of InnHouse Capital, seeking out further companies to join the InnHouse Group of Companies network. Mr. Shariff brings considerable knowledge in the field of mergers and acquisitions. Having practised corporate and commercial law at Blake, Cassels & Graydon LLP for the past four years, Mr. Shariff leans on diverse transactional experience in assuming this role. Mr. Shariff holds degrees in law (JD), business administration (MBA) and electrical engineering (BASc). “Our team has the means and commitment to close several transactions this year,” said Mr. Shariff. “I look forward to working with the Principals of InnHouse Capital and joining this family office.” About InnHouse Capital InnHouse Capital is an entrepreneurial family office that operates as the private investment division of InnHouse Group of Companies. InnHouse Capital looks to acquire companies from owners that are seeking a comfortable transition out of their existing business and are looking for an alternative to the vigilant pressures of private equity firms. InnHouse Capital is currently in search of businesses that are located within British Columbia’s Lower Mainland region, are stable in cash flow and generate EBITDA...

Member of iGC serves on the Vancouver Police Foundation Night Patrol Gala committee.

Salim Karim is a member of the Board of Trustees for the Vancouver Police Foundation and recently served on the Night Patrol Gala committee. On February 25, 2014, more than 1,200 guests were treated to a unique Night Patrol experience in support of essential policing services and community outreach programs at the sold-out Vancouver Police Foundation Night Patrol Gala held at the Vancouver Convention Centre. Premier Christy Clark, Vancouver Mayor Gregor Robertson and singer/songwriter Sarah McLachlan joined VPD Chief Jim Chu, along with a list of the city’s most philanthropic and illustrious personalities. Guests mingled at the silent auction and enjoyed an entertaining tactical demonstration including gunshots and a hostage takedown as emcee Chris Gailus, from Global BC News, was rushed off stage by a SWAT team. Highlights included a performance by Grammy award-winning singer Sarah McLachlan, who was inducted as an honorary member of the Vancouver Police Pipe Band. The evening was co-chaired by Peter and Joanne Brown, and Ryan and Cindy Beedie, and raised over $2.3 million, including $892,000 in support of the new VPD Cadet Program. “We recognize the need for the public and private sector to partner with the police in providing this very necessary funding at a time when government budgets are under stress,” said VPF chair Peter...

InnHouse Group of Companies Acquires Inter-Urban Delivery Services Ltd.

In its continuing effort to diversify its holdings, InnHouse Group of Companies (“InnHouse”) today announced that it has acquired the assets of Inter-Urban Delivery Services Ltd (“Inter-Urban”).Founded in 1974, Inter-Urban is an Abbotsford, BC-based transportation and logistics company providing delivery services throughout the Lower Mainland of British Columbia and Washington State. The Company offers Dedicated Contract Carriage, Full Truckload Delivery, Less than Truckload (LTL) Consolidation and Distribution, Bulk Storage and Container De-Stuff services. Partnering with InnHouse on the acquisition is Inter-Urban’s incoming President and CEO, Jamil Murji. Early in his career, Mr. Murji developed fleet management and dispatch software, and in 2004 shifted his career to analyzing publically traded equities, hedge funds, private companies, and various other assets for the purpose of direct investing and providing investment advice. Jamil holds a B.Sc. (computer science) from Simon Fraser University, an MBA from the Richard Ivey School of Business at the University of Western Ontario, and is a Chartered Financial Analyst charterholder. Mr. Murji says, “I started my career in the logistics industry, so coming to Inter-Urban is returning back to my roots. Retiring President and CEO Walter McDonald along with his complement of nearly 50 staff and independent contractors have built an excellent company to be proud of.” “The acquisition of Inter-Urban is consistent with InnHouse’s strategic focus to diversify assets through direct investments in operating companies”, noted InnHouse CEO Salim Karim. “We look forward to growing and investing in Inter-Urban, and to further executing on InnHouse’s broader plan to continue acquiring companies within a diverse set of...

PHOENIX, AZ – Colliers International in Greater Phoenix negotiated the sale of the 260-unit Northern Terrace Apartments, located at 5220 W. Northern Ave. in Glendale, Ariz., for $9.1 million, or $35,000 per unit.

The seller was Northern Terrace Apartments LLC of Pewaukee, Wis., a real estate investment firm. Bill Hahn, Jeffrey Sherman and Trevor Koskovich of Colliers’ HSK Multifamily team represented both parties.Northern Terrace represented a highly-desirable investment opportunity for iC and investment partners. The Sonoma Terrace Properties LLC partnership will make considerable investments in the property by improving the community’s infrastructure, renovating building facilities and improving common area amenities.Sonoma Terrace Properties LLC will retain BMSI, the property management company, and plans further improvements through streamlined operations and interior and exterior capital improvements.Northern Terrace, built in 1979, is two-story complex consisting of 16 buildings on 9.17 acres with 185,504 net rentable square feet. The complex has new roofs and a newly renovated pool and spa.The unit mix includes 152 one-bedroom and 68 two-bedroom/two bath apartments and 40 studios, ranging from 460 to 1,000 square feet.Community amenities include two swimming pools and spas, two laundry facilities and outdoor barbeques. In addition, the complex has 260 covered and 115 uncovered parking...

Best Liquor Store in North Vancouver for 2013.

The North Shore Liquor Store on Marine Drive was named the Best Liquor Store in North Vancouver for 2013 AND ranked #3 Best Craft Beer Store on the North Shore. All voted by the readers of the North Shore Outlook. We would like to thank all our loyal customers for their continued...