Richard Varkey joined IMCO in 2019 as Executive Director, Real Estate.
Richard works with the real estate team to effectively manage and invest an international real estate portfolio, with a focus on exceptional risk adjusted income and capital returns. He is responsible for several of IMCO’s key real estate operator/partner relationships, managing a diversified portfolio that includes portfolio/asset management, value-add initiatives and key disposition strategies. His role includes making new investment to expand IMCO’s real estate portfolio across multiple sectors in the United States and Europe.
Previously, Richard spent more than 15 years at Healthcare of Ontario Pension Plan (HOOPP), most recently as Senior Portfolio Manager. He helped to develop and grow HOOPP’s real estate investment program, which reached $15 billion and delivered significant outperformance over a 15-year period. Richard established HOOPP’s U.S. real estate investment strategy, which included direct and fund investments, as well as a Canadian multi-residential strategy.
Richard holds an Honours Bachelor of Arts in Urban Development from the University of Western Ontario. He has previously held investment advisory board positions for Canadian and U.S. real estate companies, and board positions for various non-profit organizations.