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difference
The
Thibault, Messier, Savard and Associates has extensive
experience and a broad portfolio of work in the real
estate field.
What really sets the firm apart from other real estate
groups is its vision and its unique ability to identify
opportunities and quickly engineer plans to increase
the short-to-medium-term market value of the properties
it acquires.
A dynamic management style that adapts to real estate
cycles ensures maximized return on investment for
the group.
In some cases, TMSA teams up with institutional or
corporate partners that share its vision and approach.
Integrity, expertise, and a solid financial base-these are
the building blocks of TMSA’s reputation.
Our Vision
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Repositioning of Residential Buildings
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Development
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Office Buildings
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Repositioning of Commercial Buildings
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Hotel Sector
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Retirement Homes
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Partners
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vision
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Our
A leader in Québec’s real estate sector, TMSA is known
for its leading-edge expertise and its solid strategic vision.
By turning unexplored potential into a wide range of
concrete projects, the company positively impacts both
the economy and the urban landscape.
In the coming years, TMSA aims to continue to seize
business opportunities and meet new challenges. With
their renowned creativity and innovation, the partners
also plan to pursue their activities outside of Canada.
For TMSA, the future is all about acting on the opportunity
to undertake new projects and demonstrating the ability
to bring them to fruition.
Repositioning
of Residential
Buildings
Les Dauphins-sur-le-Parc,
Montréal
Le Square de Lanoue,
Nuns Island
Cascades Saint-Laurent,
Saint-Laurent
During the nineties, TMSA acquired a number of financially distressed properties that needed substantial work before
being resold.
Some of these properties are presented here: Condominium projects that were unfinished and/or required complete
restructuring before being sold 12 to 18 months after their acquisition.
LeS DAuphInS-Sur-Le-pArC, MonTréAL
TMSA acted as consultant on this project for two big mortgage lenders. After doing a complete assessment and repositioning
of the condominium complex, the firm implemented a program to correct the building’s weaknesses in order to ensure
viability and optimize the return on investment. After an aggressive marketing campaign, TMSA found buyers for the
250 unsold units within 3 days, a real estate first!
Le SQuAre De LAnoue, nunS ISLAnD
This rental property was converted to a condominium complex. It took less than 12 months to complete the conversion,
including renovations, which allowed the property to be put on the market quickly despite the presence of tenants.
CASCADeS SAInT-LAurenT, SAInT-LAurenT
When TMSA bought this 199 unit condominium complex, its common areas and 71 unsold units were unfinished. After
sorting out the situation with the existing owners, the 71 units and the common areas were completed, and the 71 units
were sold within 15 months.
Le BIArrITz, nunS ISLAnD
When TMSA acquired this 50 unit condominium complex, 34 units were incomplete. After major work on their interiors
and an aggressive marketing campaign, they sold out in less than 10 months.
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Le Biarritz, Nuns Island
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development
TMSA carries out large land development projects.
After analyzing the needs of the market, TMSA carefully develops the project concept, which is implemented after an in-depth study of the environmental
characteristics and other features of the site. Where others see constraints to eliminate, TMSA sees new opportunities to exploit. TMSA calls on the best
urban designers and engineers to create projects that will be known for their beauty and quality of urban infrastructure.
TMSA has a solid financial stability to devote the necessary time and effort to long term planning. It maintains decision-making control throughout
the project to avoid design inconsistency or taking a patchwork approach.
In this chapter, the project Longueuil-sur-le-parc is one of the firm’s most recent undertakings.
In a complementary sphere to land development, TMSA joins forces with well-known builders to carry out residential construction projects.
Longueuil-sur-le-Parc
Longueuil-sur-le-Parc
Longueuil-sur-le-Parc is urban living at its most authentic and inviting. The multidisciplinary project
design team has shown keen sensitivity to the latest trends in urban planning and sought to create a
"unique living environment" in close communion with nature. Inspired by both history and modernity,
this living space has its own, unique identity. It is a truly compelling creation.
Longueuil-sur-le-Parc is one of the firm's most recent undertakings. Once completed, this over 4 million
square foot development will represent a total investment of about $550 million and will include more
than 2,300 onsite housing units.
8
455, rue King Ouest, Sherbrooke
Office
Buildings
TMSA is involved in redeveloping a number of premium office buildings in Montréal’s suburbs,
including Boucherville and Dollard-des-Ormeaux, as well as in Jonquière, Sherbrooke and TroisRivières. The Group secured the commercial success of these properties by finding excellent
tenants.
Although the Group’s primary vocation is not long-term building ownership, some properties are
kept for a longer period. Depending on the location and type of asset, TMSA Group either manages
the building itself or uses an outside management team.
In all cases, it controls strategic management of the property. The goal is to develop and exploit
the full potential of each property in order to increase its value.
Place Darcan, Dollard-des-Ormeaux
Complexe De Léry, Trois-Rivières
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Carrefour Racine, Saguenay
Le Bougainvillier, Saint-Jean-sur-Richelieu
Repositioning
of Commercial
Buildings
TMSA has also intervened on portfolios of unprofitable mortgages and various types of real estate located mainly in the province
of Québec, but also in Ontario and western Canada.
It thoroughly analyzed more than 325 properties in four different portfolios that it then sold over a period of 6 to 30 months after
implementing recovery and marketing plans.
It also converted a 140,000 square foot shopping center in Saint-Jean-sur-Richelieu into a large business center.
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Marriott Château Champlain, Montréal
Hotel sectoR
Marriott Courtyard, Montréal
El Senador, Caribbean
The Marriott Château Champlain hotel has served to establish TMSA Group’s reputation. When TMSA bought it in
1995, Montréal’s hotel market was in retreat, and the 615 room hotel was in serious difficulty and hemorrhaging
money. Three years later, after major renovations and a market repositioning, the hotel was very much back in the
black and one of the leading hotels in downtown Montréal. The Courtyard Marriott hotel on Sherbrooke St.
in Montréal was bought a year after the Château Champlain and also underwent major turnaround efforts.
TMSA Group sold both hotels in 2005.
At the beginning of 2000, TMSA Group bought el Senador, a resort hotel complex in the Caribbean. The 4 star hotel
comprised 690 rooms, 9 restaurants, 4 bars, and a discotheque. It was bought in association with a large foreign
company in the area.
After supervising the construction of the tourist complex over a period of two years and conducting the preopening
activities, TMSA marketed and managed the hotel for four years. The group sold this asset at the end of 2005. In a
highly competitive market with more than two hundred and fifty 4 star hotels, el Senador captured 10% of the
Canadian market-an exceptional commercial success in itself.
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Villa de l’Estrie, Sherbrooke
L’Émérite, Brossard
Jardins Intérieurs, Saint-Lambert
Villa Rive Sud, Longueuil
RetiRement
Homes
From 1997 to 2002, the Group invested in the retirement home sector. At its peak, the Group’s portfolio comprised 7 homes, for a total of 1,459 units.
These included the prestigious Jardins Intérieurs Saint-Lambert complex.
Because of the booming real estate market, the group sold the homes over 2001 and 2002. Three were sold to the el-Ad Group and the four others
to a subsidiary of Caisse de dépôt et placement du Québec.
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Partners
Bernard Thibault, Mario Messier and Serge Savard
Bernard Thibault
Mario Messier
Serge Savard
Cofounder of Thibault, Messier, Savard
and Associates Inc., Bernard Thibault
has been involved in real estate
promotion and development for more
than 30 years and has many large
projects to his credit.
An influential player in the sector, Mario
Messier is cofounder of Thibault, Messier,
Savard and Associates Inc.
Serge Savard is a well-known and
well-liked public figure. He is an
accomplished businessman and has
been with Thibault, Messier, Savard
and Associates Inc. since 1992.
Bernard Thibault keeps a tight watch
over TMSA projects. He also chairs or
is a member of various boards in the
hotel and real estate sectors. His
involvement in the real estate field
led him to two consecutive terms as
President of the Greater Montréal Real
Estate Board, an association of nearly
10,000 real estate brokers and agents.
He was also a member of the board
of the Urban Development Institute
of Québec and has served as Vice
President of the Québec Real Estate
Brokers and Agents Association.
On the national scene, he has served
as a director of the Canadian Real
Estate Association, which has more
than 85,000 members, and was also
a member of the Real Estate Institute
of Canada. Bernard Thibault is also
involved in various humanitarian
organizations. He has served as
a member of the board of a large
hospital in the Greater Montréal
area and as President of the Charles
Lemoyne Hospital Foundation. The
Ville-Marie Urban Planning Advisory
Committee (UPAC) in Montréal has
also benefited from his knowledge
of the real estate sector.
He is constantly on the lookout for
new challenges and is famous for his
business acumen, his analytical abilities,
and his vast network of contacts. A team
player, he puts together the resources
the firm needs to successfully complete
the projects it undertakes.
Mr. Messier made his first steps in the
real estate market in the eighties when
he joined Société immobilière Sélection
Inc. with the help of Bernard Thibault.
The sales experience he accumulated
over some 10 years with this firm
enabled him to quickly make his mark
in the industry.
In addition to his work duties, Mario
Messier has remained active in various
organizations. From 1997 to 2001, he
served as Vice President chair of the
board of the St. Hubert Military Base and
Airport Area Development Corporation
and was President of the Québec Major
Junior Hockey League team, the
Montréal Rocket, from 2000 to 2002.
He has been a member of the Cisco
Systems Canada Inc. advisory board
since early 1999 and has participated
in numerous fundraising campaigns. He
sits on the board of the Pierre Boucher
Hospital Foundation and has been a
board member of the Longueuil Municipal
Golf Course, Parcours du Cerf, since
April 2002. He has also been an honorary
patron of the MIRA Foundation since 1996.
His reputation and credibility in
the business community are well
established.
A former hockey star (No.18) and
General Manager of the Montréal
Canadians hockey club, he is very
involved in charity organizations and
is a member of both public and
private boards.
Mr. Savard has many years of
experience in real estate and plays an
important role in the firm, particularly
in building business partnerships.
Serge Savard is a Member of the
Order of Canada (O.C.) and Chevalier
de l'Ordre national du Québec (C.Q.).
In 1995, he received an honorary
doctorate degree in physical
education from the University of
Moncton. He also serves as Governor
of the Mayor of Montréal's Youth
Foundation and honorary patron
of the MIRA Foundation.
Mr. Savard is also involved in
philanthropy. Over the years, he
has participated in many fundraising
campaigns for charitable organizations
and hospitals such as Leucan,
the Québec Division of the Arthritis
Society, and the Charles Lemoyne,
St. Justine, and Pierre Boucher
hospitals.
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Fax: 514 878-9990
www.tmsa.com
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Montréal, Québec (Canada) H3B 2N2