BUSAC Real Estate has been present in the North American Real Estate market for 20 years. As an investor, owner, developer and administrator, the company continues to broaden its expertise since its founding in 1998. BUSAC is part of JEMB Realty Group of New York. BUSAC and JEMB Realty are the lead investors in what are deemed as first-class organizations active in acquisitions, repositioning of real estate assets, major commercial and infrastructure investments, development projects as well as structured financing of real estate and infrastructure assets in Canada and the United States.
From its head office in Montreal, BUSAC provides administrative support and asset management assistance to JEMB Realty Group relating to properties, projects and divisions situated in New York, New Jersey, Pennsylvania and Florida. Strong leader on the real estate scene, JEMB Realty Group has also expanded into the energy, telecommunications and financing sectors, through investments in the Astoria Energy Plant, Xentris Wireless and Basis Investment Group, a company formed to invest in commercial real estate debt and equity opportunities.
BUSAC’s mission is to offer innovative and personalized solutions in real estate to our clients, partners and shareholders that result in the value enhancement of assets and customer satisfaction.
BUSAC Real Estate is dedicated to providing exceptionally proactive, creative and reliable real estate solutions to clients. Diligently seeking to capitalize on real estate opportunities through leasing, financing, acquisitions and development, we are equally committed to standing out in the market through the steady improvement of property management and asset management services. Ultimately, the BUSAC mission is to offer clients an unprecedented and comprehensive range of real estate services.
Our Montreal corporate organization brims with team spirit and contagious desire to meet the most stringent demands of our clients, partners and shareholders. Collectively, our team members enable BUSAC to stand out from the competition while raising the standard of excellence within the industry.
BUSAC Real Estate and its affiliate JEMB Realty Corporation, respectively based in Montreal and New York City, were founded by Morris Bailey and Joseph L. Jerome, well-known and esteemed New York businessmen. Through their leadership and strong strategic vision, Messrs. Bailey and Jerome have established an illustrious track record of successful business ventures. Over the last 2 decades, they have made a significant mark as entrepreneurs, creating a strong portfolio of balanced investments. Through BUSAC as well as affiliates of JEMB Realty Group, Mr. Bailey and Mr. Jerome have emerged as major players in the commercial real estate market in both Canada and the United States. They have built a solid reputation as “hands on” sponsors who understand value enhancement through the development and repositioning of real estate assets. Over the years, they have built successful partnerships with many notable financial institutions. Morris Bailey has also expanded in the energy, telecommunications and financing sectors, through strategic investment in the Astoria Energy Plant, Xentris Wireless and Basis Investment Group.
Since his arrival as President of BUSAC Real Estate, Michel Couillard has led the company to the highest spheres of the real estate industry through the active management of the firm’s assets and strategic investments. Be it via the acquisition, repositioning and restructuring of assets, property development, construction projects or real estate financing, he has demonstrated solid leadership and continued fostering of strategic relationships with leading partners. Michel Couillard is responsible for overall investments, development strategies, as well as the management and growth of the BUSAC real estate portfolio. As such, he oversees all business activities in Canada, in addition to participating in the management of assets, plus numerous acquisition and development projects in the United States. In 2007, Mr. Couillard was named a Fellow of the Royal Institution of Chartered Surveyors (RICS) and will serve as Chair of the Counselors of Real Estate (CRE) international organization in 2020.
As Executive Vice-President, Operations and Chief Financial Officer Pina Pulitano participates in the development of comprehensive strategies for BUSAC Real Estate in Canada and JEMB Realty Corporation in the United States. She also acts as a consultant on their strategic orientations. Ms. Pulitano supervises and coordinates all financial activities for BUSAC and JEMB while ensuring the development of their respective financial and fiscal strategies. Moreover, she oversees matters related to transactions of acquisition, disposition and development of all BUSAC and JEMB financing and investment projects. Ms. Pulitano monitors and analyzes the financial performance of buildings in Canada and the United States. In Canada, Pina Pulitano also acts as an advisor for due diligence matters and supervises all activities relating to operational, legal, construction and project management services.
Farid Nujaim is responsible for general accounting operations with respect to BUSAC and the properties in Canada, JEMB Realty and Helm Equities and their properties in the United States, as well as Basis Investment Group.
Stéphane Daoust oversees and is responsible for activities related to real estate management and the overall operations of the BUSAC real estate portfolio in Canada. In addition, he identifies, analyzes and prioritizes investment projects for properties under his supervisory oversight.
François Racine is a key player in the management and coordination of construction, development and renovation projects for the BUSAC real estate portfolio in Canada.
Isabella Longoni assures the leasing and marketing as well as the lease coordination of rental space for the BUSAC real estate portfolio in Canada.
Valérie Boisvert develops, coordinates and controls all activities related to marketing and communications for BUSAC and its real estate portfolio in Canada. Ms. Boisvert also assists JEMB Realty in the United States with their marketing and communications tools.