Mohawk Asset Management is a Toronto-based private equity and asset management firm specializing in healthcare real estate. The firm acquires, manages, and operates medical office buildings across Canada and the United States through its cross-border investment platform, Mohawk America. Founded by Andrew Shapack, the firm has a track record spanning multiple REIT formations and exits. Shapack previously founded GT Canada Medical Properties REIT, the first medical office REIT in Canada, which he successfully sold to a competitor. He subsequently co-founded Mohawk Medical Properties REIT, a private REIT that acquired medical office buildings in Ontario, Alberta, New York and Florida, which was sold to TSX-listed Invesque in 2018 for C$177 million (US$142 million). The current platform focuses on value-add opportunities in medical office buildings with cash flow stability and growth potential, targeting properties in the Chicago metropolitan area, Buffalo-Syracuse region of New York, and select Canadian markets. The firm employs a Retail-to-Remedy strategy that repositions well-located retail properties into accessible, street-level medical suites. The portfolio consists of 11 medical and professional office buildings, with geographic exposure concentrated in the Chicago suburbs and upstate New York.
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