In 2010, George Georghiades (Loran Scholar ’95) and his brother Nickolas started Lexington Park Real Estate Capital Inc., a premier real estate investment and asset management firm in Waterloo. Focused on the growing region of Kitchener-Waterloo, the firm manages a broadly diversified portfolio of retail, office, and multi-residential assets. Beyond generating returns, the firm strives to create sustainable new and repurposed assets that serve the long-term interests of the communities in which it operates.
Being selected as a Loran Scholar and having the opportunity to study at Huron College and the Richard Ivey School of Business was a life-changing experience for George. “I was very comfortable in Waterloo. But it was great to be plucked out and be immersed in a new environment with the resources and time to think about what I wanted to do and who I wanted to be. Without the award, I would never have been able to study away from home,” he says. George was a residence don for two years and served on a number of Ivey committees. Through his mentor, Paul Hayman, fellow scholars and other contacts in the foundation’s network, he found summer internships at Cooperators Insurance, HSBC Bank Canada and Ballantyne Systems.
Upon graduating from Ivey, George joined McKinsey & Company as an analyst and spent nearly a year in Greece helping to establish the firm’s Athens office. After two and half years, he then went to work on special projects within CIBC’s Retail Markets group. George earned an MSc in real estate economics and finance from the London School of Economics and an MPA from the Kennedy School at Harvard University before returning to McKinsey. He held progressively senior roles and was primarily focused on alternative investments, real estate and private equity. In conjunction with his academic studies, his time at McKinsey provided the content knowledge that he needed to launch Lexington Park with his brother.
George is a strong supporter of the Loran Scholars Foundation. He mentored a scholar who attended Western, was the first alumnus to serve on the board of the foundation, and currently chairs the selection committee in Kitchener-Waterloo/Guelph. Through Lexington Park, he is also a major donor. “To be competitive globally, we need to invest significantly in talented young Canadians,” he says. “Just a few people can have a huge impact on the world. We need to give them an option to excel here in Canada and the Loran Scholars Foundation does that – one student at a time.”