They will focus on existing class B office and retail properties, as well as development sites near transportation hubs. According to company officials, the program will concentrate on opportunities where investment returns can be generated by effectively managing leasing risk, development risk and market risk.

"We are flexible on the size of the individual investment properties," explains Anthony McElroy, managing director/acquisitions at CABR. "We will focus on uncovering investment opportunities where management or physical conditions can be improved to unlock existing value. We intend to give these properties a real wake-up call." Mark P. Boisi, chairman of Colliers ABR, Inc., and Robert Billingsley, vice-chairman will be responsible for management and oversight of the venture, while McElroy will be responsible for sourcing new investment opportunities and managing the day-to-day activities.