Richie Bhamra

Executive Vice President

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Professional Experience

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Associated Office

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Eighth Avenue Place, East Tower, 525 8 Avenue SW
Suite 3200
Calgary, Alberta T2P 1G1

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Richie Bhamra leads the CBRE National Investment Team in Calgary. Richie has over 20 years of commercial real estate experience specializing in the sale of office, retail, industrial and multifamily assets, resulting in over $18 billion of closed investment transactions. His ability to recognize shifts in the marketplace allows him to provide real-time and reliable guidance to investors across the country with the priority of building and maintaining honorable relationships. Richie is a four-time recipient of the Hutcheson Award which recognizes the top investment team in the country and a two-time recipient of the investment deal of the year at the NAIOP REX Awards.

CBRE - Hutcheson National Top Team Award - 2022
CBRE - Hutcheson Award - National Team Award – General - 2018
CBRE - Hutcheson Award - National Team Award – General - 2014
CBRE - Hutcheson Award - National Team Award – General - 2011

AIMCo
Allied Properties REIT
Aspen Properties
Birchwood Properties
Brookfield Properties
CANA Corporation
Canadian Urban Limited
Calloway REIT
Calgary Chamber of Commerce
Dundee REIT
EPCOR
First Capital Realty
GWL Realty Advisors
Hydro Quebec
KingSett Capital
Oxford Properties
Verus Partners

Sale of Saskatoon Square for $50,000,000 – January 2011
Sale of 50% of Gulf Canada Square for $178,000,000 – September 2011
Sale of Altius Centre for $179,750,000 – March 2012
Sale of Calgary Place for $312,000,000 – April 2012
Sale of Dickson Trail Crossing for $22,500,000 – July 2012
Sale of Vacant EPCOR Call centre for $5,100,000 – August 2012
Sale of 520 5th Avenue SW for $98,200,000 – October 2012
Sale of Shepard Regional Centre for $94,000,000 – December 2012
Sale of West Springs Village for $29,650,000 – December 2012
Sale of 525 11th Avenue SW for $18,400,000 – January 2013
Sale of Century Park Place for $30,000,000 – January 2013
Sale of Atrium on 11th Avenue SW for $11,600,000 – March 2013

National Investment Team - Calgary

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The CBRE Calgary National Investment Team specializes in major transactions in office, retail, industrial and multi-family properties in the Calgary and Edmonton markets.

Diverse Capabilities

The National Investment Team - Calgary (NIT - Calgary) consists of four experienced professionals with a wide range of competencies. NIT - Calgary includes three of Alberta's most experienced investment real estate brokers. Their combined industry experience is over 70 years and their sale volume is in excess of $9 Billion. In addition, NIT - Calgary has a lawyer and a planner on its team that offer expertise in development planning, legal and environmental matters. All property underwriting is conducted by three analysts who ensure the accuracy of the teams' financial underwriting.

NIT - Calgary's experience includes the completion of major transactions in office, retail, industrial and multi-family properties in the Calgary and Edmonton markets, as well as experience in multi-market portfolios in conjunction with other CBRE offices. NIT - Calgary has experience in the sale and development of commercial and residential land and, also, in the representation of users in Calgary and surrounding markets. In addition to its transactional expertise, NIT - Calgary provides consulting and valuation services.

Synergy

NIT - Calgary is a partnership, with all members sharing in the revenue of the team. The group maintains a common database of clients and works together to ensure maximum cooperation on all assignments. This formula increases communication and synergy, which benefits both sides of the transaction. The group occupies an open office environment, thus facilitating the sharing of information. The group meets weekly to review all listings and to share market intelligence.

Comprehensive Market Data

With access to CBRE Calgary's 25 sale professionals actively involved in the leasing of industrial, retail, downtown and suburban office space, as well as the highly regarded CBRE research team, NIT - Calgary has the best data on new supply, demand and vacancy, as well as leasing and sale comparables available to it. NIT - Calgary will add an appropriate leasing professional to certain investment assignments to ensure that the best possible market information and market knowledge is made available to clients.

National Scope

NIT - Calgary is a member of CBRE Limited's National Investment Team - Canada (NIT - Canada). NIT - Canada includes the most senior investment sale professionals in each of the CBRE offices across Canada, all of which are "best of class" in their respective markets. NIT - Canada conducts bi-monthly telephone conference calls to discuss sales, new listings and overall market activity and trends in all major Canadian markets. The sharing of market information from all listings allows each office to more effectively market its properties.

Fifth Avenue Place
1,486,000 sq. ft.
Consolidated Warehouse Portfolio
1,158,454 sq. ft.
Ontrea Industrial Portfolio
1,070,000 sq. ft.
Palliser Square
612,000 sq. ft.
Scotia Centre
566,000 sq. ft.
Marlborough Mall
538,000 sq. ft.

Summit Office Portfolio
488,386 sq. ft.
Western Gas Tower
416,000 sq. ft.
Altus Centre
304,000 sq. ft.
Southland Tower & Court
271,383 sq. ft.
Dalhousie Station
189,341 sq. ft.

Aspen Properties Ltd.
CREIT
Greystone
GWL Realty Advisors Inc.
HOOPP
H & R REIT
Investors Group
Ledcor Industries
Penreal Capital Management

Oxford
Redcliff Realty Advisors Inc.
Qualico
Remington Development Corporation
Summit REIT
RIO CAN Real Estate Investment Trust
Telsec Business Centres Ltd.
Tonko

Client Testimonials

" I thought you and your team did and outstanding job from the presale due diligence through to the final closing of the deal. Recognizing the complexity of the real estate itself being the large number of tenants and individualized properties, we were particularly impressed with your firms accurate presentation which played a major role in us achieving our final disposition objectives."

"We wanted to take this opportunity to thank the CB Richard Ellis Due Diligence and Closing Group, and in particular the efforts of yourself (Geoff Mar) and Ken Westhaver, for all the assistance provided in the closing of the financing transaction. Your background as a solicitor, and Ken's various relationships, were very helpful in obtaining a required comfort letter from The City of Calgary, regarding significant encroachment issues."

"Your firm put forth a tremendous effort. Perseverance was the key ingredient making this transaction a success. While we encountered many unexpected mine fields throughout the sale process, each time you and your staff regrouped and came back stronger and even more determined to make sure this transaction happened and upon terms that were important to the vendor."

"The CB Richard Ellis approach to the business is highly professional, and always keeps the interest of its clients first. We believe that your team's underwriting expertise, marketing focus, and sales expertise enabled us to dispose of these two buildings at a price well within our target expectations."

"CB Richard Ellis did a great job of accessing new buyers for this shopping center, and your energy and creativity was instrumental in getting this transaction closed. Several of your competitors had tried to sell this property, but it was CB Richard Ellis that got the job done!"

"There are many ways a deal that was as complex as this one could have come apart. Fortunately with your group's expertise and attention, all the details were managed in such a way that the purchaser was able to close."

"Scott and I wanted to personally thank you for the outstanding job you did for us on this transaction. I tell people that there is not another agent on the planet who could have got this deal done."

"We would like to thank the CB Richard Ellis Due Diligence and Closing Group, in particular the efforts of yourself (Geoff Mar) and Mr. Ken Westhaver, for its assistance in the closing of the sale of 520 - 11th Avenue SW. Your background as a barrister and solicitor and Ken's relationships at The City of Calgary were very helpful in assisting the Purchaser in its efforts to satisfy the lender and in obtaining responses from The City of Calgary regarding the various survey issues that arose. It was also of great assistance to have a knowledgeable and capable group interceding on behalf of all parties and acting as an intermediary between ourselves, the Vendor's Calgary counsel and the Purchaser's Vancouver counsel."