Upfield Capital expands national footprint with strategic Alberta acquisition.
Vancouver, BC | October 14, 2025 — Upfield Capital, a privately held real estate investment and asset management firm based in Vancouver, has closed on a significant acquisition in Alberta: a Home Depot-leased distribution centre in Acheson for $55,150,000, marking Upfield’s entry into the Alberta market.
Since its inception in 2023, Upfield Capital has executed on six transactions in B.C., building a resilient, income-generating portfolio of diversified real estate assets. The move into Alberta represents a strategic expansion driven by long-term yield potential and a sharpened focus on low risk, high return assets.
“We’ve been closely tracking Alberta for stable, long-duration income and growth opportunities,” said Rob Greer, Upfield Co-Founder and Principal. “This deal offers a 20-year lease with Home Depot and an additional 7.5 acres of zoned industrial land for which we are actively pursuing new tenants.”
The Home Depot distribution hub acquisition, a partnership with Arrowleaf Real Estate Holdings, is a 206,000 square foot industrial facility with 7.5 acres of surplus industrial land, offering a rare built-to-suit opportunity.
Peter Edgar, Upfield Co-Founder and President of EDGAR Development, sees the broader market context as an opportune moment for smart capital deployment.
“Today’s market offers tremendous buying opportunities, and Upfield’s access to capital and alignment with capital partners allows us to source opportunities in a down market and to add value through active asset management and development expertise, particularly in segments of the market that are structurally underserved.”
“Arrowleaf is committed to high-quality, income-generating assets in growth markets. We’ve been invested in Alberta’s industrial market for decades, and its resilience and long-term potential continue to stand out,” said Andrew Kurbis, Executive Managing Director, Arrowleaf.
With a growing national portfolio and investor backing from high-net-worth individuals and family offices, Upfield continues to identify and activate income-producing, high-demand assets across Canada.
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About Upfield Capital management
Upfield Capital Management is a hands-on investment firm focused on sourcing and building high-value opportunities across diverse asset classes. The firm employs active ownership, disciplined underwriting, and conservative leverage to deliver consistent, risk-adjusted returns while preserving investor capital. Founded by Peter Edgar and Rob Greer, Upfield prioritizes durable cash flow and long-term asset appreciation, planning across market conditions to manage risk and create lasting value. Selective by design, the firm invests with intention—focusing on opportunities where fundamentals, complexity, and timing align. Through direct management and long-term stewardship, Upfield builds resilient portfolios designed to perform across cycles.
About Arrowlead
Arrowleaf is a real estate investment firm managing over 2.1 million square feet of multi-family, industrial, retail, and office properties throughout Canada. With roots dating back to 1953, Arrowleaf maintains a long-term investment perspective and is committed to acquiring and developing properties that drive regional growth and support sustained operational performance.
