IMAP is pleased to announce that Capital West Partners – IMAP Canada has advised Anthem Properties (“Anthem”) on its acquisition of Cedarglen Homes (“Cedarglen”).

Anthem is a leading real estate development, investment, and management company with core offices in Vancouver, Edmonton, Calgary, Toronto, and California. Anthem’s portfolio of residential, commercial, and land projects across western North America includes 20,500 homes, 9 million square feet of retail, industrial, and office, and over 8,500 acres of land.

Cedarglen is a Calgary-based home builder founded 40 years ago with focus on high-quality, single-family homes, selling 300+ homes per year. Cedarglen builds and sells 300+ single-family homes annually.

“The acquisition of Cedarglen is a highly significant transaction for Anthem. It fortifies our position as an Alberta business and synergizes well with our Land division, and everything else we are doing in Calgary. Anthem and Cedarglen are well aligned on our growth strategy, Great People, culture, values, and process. This is a huge win-win, in every aspect,” states Eric Carlson, Anthem Core-Founder and CEO.

Howard Tse, Cedargeln Homes President and CEO, adds, “This exciting partnership with Anthem Properties will open a world of opportunities for our employees and customers. For our employees, it means joining a larger, dynamic company with a strong commitment to growth and development. For our customers, it means continued access to a wide range of high-quality homes in more communities in Calgary and the surrounding areas. We are confident that this partnership will be mutually beneficial and rewarding for everyone involved.”

Capital West Partners – IMAP Canada’s team in Vancouver, acted as exclusive financial advisor to Anthem on the transaction.