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Inwest Investments, an investment company formed in 1981, is the holding company for the Khosrowshahi family. Inwest has made substantial investments in several sectors including retail, real estate and specialty finance businesses.
Retail
Inwest founded the Future Shop in the early 1980’s. The company grew to become Canada’s largest electronics retailer, operating in every province in Canada and generating sales in excess of $2 billion. Inwest took Future Shop public on the Toronto Stock Exchange in 1993 and continued to control and manage the business until it was sold to Best Buy in 2001 for over $500 million.
Real Estate
Inwest’s real estate activities are conducted by Wesbild Holdings Ltd. Wesbild is recognized as one of the leading developers of residential property in British Columbia. Perhaps best known for developing Westwood Plateau (Coquitlam, BC), Wesbild remains active in residential real estate, with major projects in Coquitlam and Vernon, BC. Wesbild is also active in resort community development, as majority owner and general partner of Predator Ridge Golf Resort Community in Vernon.
Wesbild is an active developer of retail real estate. The retail group has acquired or developed over 4.0 million square feet of shopping centres, and currently owns and manages a portfolio of seven shopping centres in BC and Washington State, with additional projects under development.
Wesbild has also been involved in development of mixed use projects and high-rise buildings, and today owns and manages one major property in Vancouver as a rental asset.
Specialty Finance
Inwest acquired DRI Capital (then Drug Royalty Corporation) in 2002. DRI Capital is a specialty finance company which acquires royalty interests in the sales of patent protected pharmaceutical products. Since acquiring DRI Capital, Inwest has restructured the business into a private equity model with a number of institutional partners. DRI Capital has largely deployed $750 million of capital committed to its first fund and is in the process of raising its second royalty monetization fund. DRI also operates a second investment fund which is focused on providing structured financing to healthcare businesses.
Inwest also owns Reservoir Media Management, the general partner managing funds that invests in entertainment-based royalties, including but not limited to songwriters’ entitlements on copyright.
About Inwest
Inwest is headquartered in Vancouver, with operating offices in Coquitlam, Vernon, Toronto, Seattle and New York. We are always reviewing growth opportunities, within our existing business and in new areas.
For more information about Inwest, or to submit ideas for our businesses, contact Kevin Layden, President & CEO at (604) 694-8826, fax (604) 484-3781, klayden@wesbild.com.
