Michael Ward promoted to managing director, leading SDF initiative

Grosvenor has announced Michael Ward as managing director, co-investment.

Based in Vancouver, B.C., Michael will lead the company’s structured development finance (SDF) program, which supplements Grosvenor’s core urban property development and investment activities in the United States and Canada by providing capital to leading residential developers in its chosen markets.

Michael joined Grosvenor’s Vancouver office in 2002 following an internship he completed the year before. He held a succession of development roles in the firm’s Washington, D.C., and Calgary, Alberta, offices before returning to Vancouver in 2014.

The SDF Programme, which operates from Grosvenor and partner capital, is actively fundraising for the fourth iteration of the True North partnership, timed to take advantage of the current dislocation in core gateway markets where Grosvenor is active. The program seeks opportunities to work with developers on the new construction of mixed-us