Island View Villas

About Us
Island View Villas have been planned and developed by Foxbridge Development Ltd. of Calgary, Alberta. A development management agreement between Foxbridge Development Ltd. and the property owner, Okanagan Island View Villas Ltd. has been entered into in order to take this exciting concept from its present design state through to completion.

Foxbridge Development Ltd. is a progressive real estate company and has developed two core competencies with proven track records - the first being to develop exciting and innovative residential real estate in Calgary and throughout Western Canada, and the second being the development and management of a strong portfolio of income-producing properties in the commercial sector.

We are proud to present to you some examples of our corporate history:

1. Residential Real Estate Development
The company and its affiliates have a broad range of single and multi-family real estate developments in Alberta and British Columbia that include:

    • Three townhouse developments in Calgary, Alberta
    • Five condominium conversions (re-developments)
       in Calgary, Alberta
    • Residential sub-division in the Mission District of
       Kelowna, B.C.
    • Upscale, semi-detached bungalow development
       in Peachland, B.C.
    • A major resort development in Vernon - The Strand

CVs of key individuals:

2. Commercial Income-Producing Properties
The group owns and manages a portfolio of income-producing properties in Alberta and Saskatchewan.

In addition, the company manages a number of other commercial properties on behalf of a number of select, entrepreneurial clients.

David N. Murphy, MBA
David Murphy is a resident of both Calgary and Vernon. He has been involved in real estate finance and development for over twenty years. After receiving his MBA from McGill University with a concentration in Institutional Finance and Real Estate, Murphy went straight into the world of real estate finance. His first several years were in the Commercial Banking industry in Toronto where he sharpened his knowledge in the financing side of many real estate development equations. Murphy then joined one of his Morguard clients--Seaton Development Limited--as VP Finance, where he remained for ten years prior to moving to Calgary. In Calgary, Murphy directed the creation of two privately held real estate companies - Allied Capital Properties Ltd. and Allied Crowchild Holdings Ltd. In 1999, Murphy founded CapRate Commercial Properties Inc., which trades publicly on the TSX under the symbol CMN. In 2005, 'Caprate' was taken private and Murphy formed Foxbridge Development Ltd. The corporate offices are located at Suite 230 - 5824 2nd St. SW., Calgary, AB T2H 0H2. Contact number is (403) 235-2353.

Douglas S. Frey
Douglas Frey is a graduate of the University of Alberta and has an extensive background in real estate finance, most notably with Morguard Investments where he held progressively responsible positions servicing pension fund investments in commercial real estate. Thereafter, he was Vice President - Operations with a publicly held property management and development company. He held that position for eight years and was responsible for acquiring and operating an international real estate portfolio exceeding 8,000 residential units with a value exceeding $700 million. Doug holds the position of Vice President of Acquisitions and is a board member.