The Molnar Group was first established in 1969 with a clear vision: to build homes for families. In the 50-plusyears since, the family-run company has consistently lived up to that vision, building close to 10,000 homes in lasting, livable communities across Western Canada and the Pacific Northwest. Today, under the leadership of Dak Molnar – son of founder and industry legend Andre Molnar – the company focuses on developing and delivering much-needed purpose-built rental housing in Vancouver and on Vancouver Island. “Our expertise in all aspects of project management ensures that the homes we deliver to residents are the very best, and will serve the needs of generations to come,” Dak says. Dak, much like his father, is a veteran of the real estate development industry. Over the course of his career, he has been involved in over $2 billion dollars in real estate transactions as a broker, developer and partner. Dak originally joined Molnar Group in 1995, but after three years decided to branch out on his own and joined Colliers International, where he worked as a broker specializing in the acquisition and disposition of shopping centres and multifamily apartment buildings. During several of his years at Colliers, he was a top performer – in 2003, he ranked in the top 50 in Canada out of over 1500 brokers countrywide. The next year, he left and started Balmoral Shopping Centres Ltd., a shopping center investment company. Over a six-year period, Balmoral, in partnership with Wesbild Holdings Ltd, built a retail portfolio that e encompassed over 170 tenants and 1.2 million square feet of space. In 2011, the portfolio was split up and sold to Rio Can, Bentall Kennedy and Standard Life for over $250 million dollars. In 2011, Dak re-joined the Molnar Group to expand the AUGUST 2023
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