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Access to Off-Market Opportunities.  
We act as your acquistion consultant from sourcing to closing.


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We are an integral part of our client’s acquisition teams.

We believe in a collaborative, iterative approach based upon your defined deal criteria

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$2.1B

In Transactions

25

6

Years of Success

Countries

The best assets rarely hit the market we go find them for you.

Northspg, an investment division of Capital North Realty Corporation, operates at the intersection of deep market intelligence and sophisticated deal structuring. Mirroring the disciplined approach of the world’s leading  developers, investors,family offices and institutional fund managers.  Our core expertise lies in sourcing off-market opportunities for investor clients that choose to work closely with us.

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A rifle, not a shotgun. Our clients give us a precise deal box and we hunt for the few off-market assets that fit it. We find the owners, approach them directly and privately, and look at every opportunity through an owner's eyes. In Canada, the U.S., Latin America, and Europe, we uncover opportunities in traditional industrial and commercial real estate and income-producing assets. Our clients trust us to find the right deal not just more deals. 

The Team

Stefano Bierti Waugh

Co-Founder
Managing Partner

Christian Rizzo

Vice President Investments

Aldo Borrelli

Co-Founder
Managing Partner
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INDUSTRIAL DEVELOPMENT LAND & INCOME PRODUCING PROPERTY

Northspg has a  successful track record in advising on the acquisition of Industrial Development Lands to the largest Industrial developers in Canada and the USA. Services include deal origination, negotiation, and successful completion. The geographic focus has been throughout Canada and the United States.

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Executing sale/leaseback deals, outright investment plays and, acquiring yield in the industrial markets will be the principal driver for CRE investments over the next two decades throughout North America and Europe. New trade alliances, the USA’s re-appropriation of on-continent manufacturing, 3PL companies’ significant expansion and strong balance sheets all point to a very healthy and lucrative sector that has traditionally been, and will continue to be, the focus of many of Northspg's client base.

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AIRPORTS

An airport is a small city with a runway down the middle. We help capital own the parts that earn.  

 

FBOs, MROs, hangars, airside logistics, airport land, and vertiports. We value the operating businesses and the real estate beneath them and we work with our clients to find these off-market opportunities. 

Learn more about our aviation practice

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RESIDENTIAL ANCHOR
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Development Land

Sourcing Greenfield and Infill development sites for Residential and Industrial sectors within Canada's major cities.

 

Being able to identify properties with latent development potential and understanding the planning context, servicing issues and entitlement process is a core competency for Northspg.

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The Northspg Edge:
THE POWER OF SHARP FOCUS

Surgical Sourcing of opportunities: We don't wait for the market to tell us what is available. Our clients provide us with a highly defined deal box. We then utilize deep-network intelligence to hunt for off-market deals that others simply cannot see.

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Principal Alignment: We operate with a "fiduciary-first" mindset. Every investment we chase on our client’s behalf is vetted and structured with the same rigor and caution as if we were deploying our own personal capital.

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Complex Structuring: We thrive where others see friction. From navigating the unique ecosystems of international airports to untangling complex zoning for redevelopment, we specialize in the "difficult" assets that provide the highest barriers to entry.

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Targeted Geographies: Our expertise is not spread thin; it is concentrated in high-growth corridors across the Americas and Europe, allowing us to leverage local nuances for institutional-grade IRR.

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DYNAMIC MARKETS &

HOW WE DO IT

AIRPORTS

Aviation based real estate solutions providing our clients with aeronautical and non-aeronautical income generating solutions is a core competency of our group. Major airports throughout the world are seldom recognized for the economic juggernauts they are. There are many opportunities for development and investments at major airports. The barrier to entry is quite steep. Understanding and dealing within airport development and investment ecosystems and the myriad of protocols, conventions and methodologies is our expertise.

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"Our core belief is that deal velocity is central to how Northspg works. We move each transaction from goals determined to goals accomplished as directly as the deal allows.  In off-market world speed is the competitive advantage.  Capital alone is not enough in today’s market.  The clients we work with pair it with clear objectives and the conviction to execute on them.  We  operate as an extension of our clients’ acquisition teams.  Our approach is built around goals that can actually be executed." 

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a division of

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Head Office

8555 Jane St suite #200

Vaughan, ON

Canada

L4K 5A3

Office: 416-987-7500

Fax: 416-987-6600

© 2026 by NorthSPG Special Properties Group a division of Capital North Realty Corporation, Brokerage

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Rice Commercial Group Tricap Properties Fengate Air Canada Air Transat Porter Airlines WestJet GTA DNATA Greater Toronto Airports Authority Orlando Corp. Broccolini Corp. Kerbel Group GTA Developments Kilmer Group Parallax Developments Kingsett Brookfield Stafford Homes Madison Group Greenpark Group Treasure Hill Petro Canada Cenovus Energy TriBro Studios Tricap Properties Dymon Corporation Stikeman Elliott LLP
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