Morguard is a real estate investment company. Co. is engaged in property ownership, development and investment advisory services. Property ownership encompasses interests in both commercial and residential real estate. Co. focuses on three primary businesses: Real Estate Services, Real Property Investments and Real Estate Investment Trust. As of Dec 31 2010, Co. owns a diversified portfolio of 100 multi-unit residential, retail, office and industrial properties which are located across Canada and in the southeastern United States. Co. also owns a 50% undivided interest in one hotel property and owns interests in 122 acres of developable land.