Howard Steinberg

Parallax Developments Corp. is a Canadian real estate development company that specializes in a range of asset classes, including residential high-rise and mid-rise condominiums, retail stores, office buildings, mixed-use facilities, and public-private partnerships. The company is based in Toronto, Canada. The company focuses on identifying market and community gaps and emphasizes customer-centric design tailored to client needs. Its portfolio includes projects such as South Forest Hill Residences, Queen Central, Theory Condominiums, 199 Church Condos, Grid Condos, the Oakville Tesla dealership, and the MEC flagship store. Parallax Developments operates through multiple independent legal entities with distinct ownership and governance structures.

Buys, sells, manages, invests and renovates real estate properties

Howard Capital LLC is a fee-based, registered investment advisory firm established in 1974. The private company is based in Delray Beach. The American company provides personalized wealth and investment management services focused on capital preservation and growth for high-net-worth individuals, families, foundations, charitable entities, and endowments. Its approach combines traditional and creative investment disciplines tailored to clients’ financial goals, risk tolerance, and tax and estate planning needs. The team includes professionals with backgrounds in law, finance, and investment management, delivering comprehensive strategies for sustained financial success.

Cultivates cannabis for medical purposes

The Rose Corp. provides capital through joint ventures with experienced builders and developers in the residential and commercial real estate sectors in Southern Ontario and other North American markets. The firm also provides mezzanine loans or loan guarantees for development projects. Rose Corp. also has several residual longer-term real estate holdings. For joint ventures, the Rose Corporation usually provides a disproportionate amount of capital required and assists in arranging the financing for the project, while the joint venture partner manages the development process and day-to-day operations. Investments typically range from $1 million to $10 million. For mezzanine financings, the Rose Corporation invests in real estate developers and builders who need additional equity to secure construction loans from banks or other institutional lenders. Financing typically consists of a loan and/or guarantee to the construction lender, secured by the project but subordinated to the senior lender(s). The firm finances both residential and commercial projects. The Rose Corp. looks for well-located projects in strong markets. There should be a meaningful cash equity contribution by the borrower. The project should be backed by experienced developers, exhibit healthy profit margins and have a defined exit strategy. Loans range from $1 million to $10 million and are structured with terms of 6 to 30 months. The Rose Corp. seeks annual returns of approximately 30%.