RioCan

About RioCan

RioCan is a real estate operator. RioCan operates in Edmonton, Alberta, Montreal, Quebec, Canada and Oshawa, Ontario. Its investment focus is on Condominiums, Multifamily - Ground-up and Standalone Retail.

RioCan Real Estate Investment Trust was founded in 1993 and has operated for over 31 years. As of March 31, 2025, it owns and manages 177 properties across Canada with a total net leasable area of approximately 32 million square feet. The company’s enterprise value is in the range of C $12–14 billion depending on the source. RioCan focuses on retail‑anchored and mixed‑use properties in Canada’s six major markets, prioritizing high‑density, transit‑oriented locations. Its core retail portfolio includes grocery, pharmacy, liquor, personal services and value retail anchors. In recent years it has expanded into residential and office space, intensifying existing assets and developing mixed‑use community hubs. The development pipeline alone represents more than 40 million square feet of inherent value, as RioCan seeks to redevelop and densify underutilized sites into residential and mixed‑use formats.

Principals at RioCan

Recent activity at RioCan

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RioCan's project portfolio

No projects on file for RioCan yet.

Markets and themes

Markets RioCan operates in

• Edmonton, Alberta
• Montreal, Quebec, Canada
• Oshawa, Ontario
• Ottawa-Gatineau, Ontario-Quebec, Canada
• Toronto, Ontario, Canada
• Vancouver, British Columbia, Canada

Investment themes at RioCan

• Condominiums
• Multifamily - Ground-up
• Standalone Retail

Capabilities

• Mixed Use
• Sustainability
• Transit-oriented development
• Urban infill

Operators similar to RioCan

• Concert Properties Ltd.
  Institutional tierVancouver, British Columbia, CanadaMontreal, Quebec, Canada+4 more marketsCondominiumsMultifamily - Ground-up
• Morguard
  Institutional tierToronto, Ontario, CanadaEdmonton, Alberta+3 more marketsMultifamily - Ground-upStandalone Retail+1 more theme
• First Capital REIT
  Institutional tierToronto, Ontario, CanadaVancouver, British Columbia, Canada+2 more marketsMultifamily - Ground-upStandalone Retail+1 more theme
• Starlight Investments
  Institutional tierToronto, Ontario, CanadaVancouver, British Columbia, Canada+1 more marketMultifamily - Ground-upStandalone Retail+1 more theme
• QuadReal Property Group Limited Partnership
  Institutional tierToronto, Ontario, CanadaVancouver, British Columbia, Canada+1 more marketMultifamily - Ground-upStandalone Retail+1 more theme
• BentallGreenOak (BGO)
  Institutional tierToronto, Ontario, CanadaVancouver, British Columbia, Canada+1 more marketMultifamily - Ground-upStandalone Retail+1 more theme
• Dream Unlimited Corporation
  Institutional tierToronto, Ontario, CanadaMontreal, Quebec, Canada+1 more marketMultifamily - Ground-upStandalone Retail+1 more theme
• Groupe Mach Inc.
  Institutional tierToronto, Ontario, CanadaOshawa, Ontario+2 more marketsStandalone RetailCondominiums
• North American Development Group (NADG)
  Institutional tierToronto, Ontario, CanadaEdmonton, Alberta+2 more marketsMultifamily - Ground-upStandalone Retail
• Marlin Spring
  Institutional tierToronto, Ontario, CanadaMontreal, Quebec, Canada+1 more marketMultifamily - Ground-upCondominiums

Frequently asked questions about RioCan

What does RioCan do?

RioCan Real Estate Investment Trust was founded in 1993 and has operated for over 31 years.

What markets does RioCan operate in?

RioCan is active in Edmonton, Alberta, Montreal, Quebec, Canada, Oshawa, Ontario, Ottawa-Gatineau, Ontario-Quebec, Canada, Toronto, Ontario, Canada, and Vancouver, British Columbia, Canada.

How many employees does RioCan have?

RioCan has 501–1,000 employees.