As president of Canada ICI, Rick Bachalo is responsible for overall leadership with a primary focus on growing CICI’s origination business which funds in excess of $4.5 billion annually. Rick’s other responsibilities include fostering brokerage relationships and spearheading strategic initiatives. He formerly served as Vice President, Mortgage Investments for the Canada Life Assurance Company. During his tenure, Rick was accountable for commercial mortgage origination nationally with a portfolio valued at over $15 billion and annual production of approximately $2.5 billion across five branch offices located in Vancouver, Calgary, Winnipeg, Toronto, and Montreal.
With a successful track record of over 35 years in commercial real estate markets, Rick has been involved in both the equity and lending side of the business.
Recognized industry wide as an expert in commercial real estate, he has accomplished 3,500+ property valuations totaling $40 billion, including office, retail, industrial, apartments, retirement centres, hotels, and self-storage facilities across the U.S. and Canada.
Rick is a past board member of both the Real Estate Institute of Manitoba, and the Appraisal Institute of Manitoba, as well as being a former board member for Centre Venture Development Corporation, an arms-length agency of the City of Winnipeg leading the revitalization of Downtown Winnipeg.
Currently, Rick serves on the board of UM Properties LP, developing lands in accordance with the University of Manitoba’s Visionary Master Plan.