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Strategic Group promotes real estate executive Randy Ferguson to President

Strategic Group, one of Canada’s largest privately-held real estate companies, is pleased to announce the promotion of Randy Ferguson to the role of President. Randy will transition into the role immediately to successfully create and execute on value-added initiatives, new development projects, and strategies for the company’s continued growth.

“Randy’s exceptional understanding of this industry combined with his astute business acumen has been instrumental in growing our real estate portfolio and strengthening our internal operations,” said Riaz Mamdani, CEO of Strategic Group. “As Strategic Group evolves, defining new roles is important to our culture of learning, growing, and having fun. Randy is a valued advisor, and I look forward to this new chapter in Strategic Group’s history.”

In 2012, Randy joined Strategic Group as Chief Operating Officer (COO). A seasoned real estate professional with more than 40 years of industry experience, Randy has held senior positions with major companies across Canada, delivering results in retail, commercial, multi-family, and mixed-use spaces.  Randy’s expertise in process-driven core functions—combined with his passion for the deployment of technology to improve productivity—makes him a critical asset to Strategic Group in a changing industry and marketplace.

An industry leader and mentor, Randy has chaired the Calgary and Edmonton Real Estate forums and has collaborated with other real estate influencers to advise in the creation of the Real Estate and Entrepreneurial Studies at the Haskayne School of Business.

“To be the President of a company that cares about the industry, its team and its customers makes this recent career choice the most fulfilling,” said Randy.  “I’m honored to be part of a company that is truly creative and unconventional.”

In his role as President, Randy will work with the executive team to ensure that the transition is seamless and continues to deliver on the company’s goals and objectives.

For more information about Randy Ferguson, please see the story in the Calgary Herald.

From the Calgary Herald:

“Ferguson moved to Calgary in 2011 where he had worked with 20 Vic on the redevelopment of The Core, and was asked to join Strategic Group by CEO Riaz Mamdani the following year.
At that time the company’s portfolio was made up primarily of commercial properties, with only around 200 multi-family units owned. [Riaz] Mamdani is a visionary who believed he ought to diversify in this province and address what he felt was a growing need for rental apartments here. More than 50 per cent of rental properties were built in the 1970s and he felt young people wanted a modern space to live in, were not interested in paying a mortgage with their earnings, we were still welcoming new Calgarians, and seniors were better served by renting after selling their homes.

Today, Strategic has almost 4,000 units across Canada with 1,625 completed apartments in Calgary, with another 995 under construction and a further 1,000-plus units in the development stages here.

With the current oversupply of office space, Ferguson is concentrating on new builds and conversions to residential properties. In Edmonton, Strategic is repurposing two of its office buildings into rental apartments and work has begun in Calgary to convert its six-storey tower on the corner of 11th Avenue and 11th Street S.W. into Cube, providing 67 contemporary design units ideally located in the Beltline district right across from the Midtown Co-op store.”

Photo above: Randy Ferguson, President of Strategic Group, stands in the Barron Building, which will be re-purposed into high-quality multi-family rental suites by 2020.