A multi-faceted real estate organization
The story of Monit is one of strength and stability. It is a story of a multi-faceted real estate organization whose extensive resources and broad expertise allow it to seize on opportunities at a moment’s notice. Their investment record provides an object-lesson in foresight and imagination, tempered with prudent management.
Today, 65 years after its founding, the Monit organization has amassed and commands a vast portfolio of over 100 million square feet of land, as well as millions of of square feet of office, industrial and commercial space in Canada and the United States.
The portfolio is impressive.
Yet equally impressive is the company’s breadth of achievement. The Monit organization owns, manages, develops and redevelops a full spectrum of real estate. Heeding its corporate mission to create value by maximizing the use of its holdings, Monit is an innovative specialist in retrofitting office projects and creating residential land development. And it is recognized for properties that are both efficient and productive.
Monit also owns businesses such as Centre Mont-Royal, Comptoir du Chef and Superior Parking.
This, then, is the story of Monit and its people – a company of professionals dedicated to sustaining a tradition rooted in success.
At the forefront of downtown Montreal
A family owned company founded 65 years ago.
The seeds of the Monit organization were planted 65 years ago, with Alex Kotler’s purchase of 100 acres on Quebec’s Ile-Jesus. Where others saw a rural and thinly populated island, Alex Kotler clearly saw potential and he realized the first of many residential projects. That island has since been renamed Laval, and is now Quebec’s third largest city.
In many ways this initial project, a combination of vision, action, and accomplishment, continues to serve as a company standard.
Monit’s growth was swift and steady. Alex Kotler purchased more land and thousands more homes were constructed. Consequently, the company has become one of Quebec’s largest residential land developers and was a pioneer in the creation of planned communities.
As Monit’s fortunes grew, its activities broadened into the purchase, development and management of strategic office, industrial, hotel, residential and retail projects throughout the province of Quebec and the United States.
In the spirit of its approach to land acquisition and development, Monit carved out a similar reputation for recognizing potential in built properties. Imaginatively retrofitted to create premium leasable space, these properties have added significant value to the company’s portfolio.
Throughout its six decades of achievement, the Monit organization has remained a family owned company. Alex Kotler and his son, Barry Kotler, together with other family members, are deeply involved in Monit’s operations. This sense of family embraces everyone who works at Monit, encouraging a high level of performance and personal commitment.