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Living in Downtown Toronto, and holding residence in Frankfurt simultaneously, Rafik understands the ebbs and flows of luxury urban living around the globe. He combines his comprehensive operational and real estate investment expertise with the knowledge and skill acquired over 35 years of diverse global business activities throughout Europe, Canada, the Middle East and Africa. His expertise was secured through ventures in the realms of real estate development, private equity investment, corporate finance re-structuring and regional business development. Responsible for leading the real estate development and execution of Kalovida’s strategy, Rafik is also primarily in charge of balance sheet investments. He is passionate about pursuing unique real estate opportunities and believes in being hands-on with all teams and projects. His most recent residential real estate development is in Germany’s renowned wellness city of Bad Nauheim, 30 km north of Frankfurt. He spearheaded the development of the company’s 45,000 square foot property into 4 boutique buildings hosting 36 luxury units. Rafik capitalizes on development opportunities by optimizing resource allocation, forging strategic partnerships with leading industry players, trusted service providers and procurement vendors in each of the markets in which Kalovida operates. With Kalovida Canada, Rafik established the company’s core Canadian operations in 2017. As part of his mandate, he sourced the 24 Mercer development site and spearheaded the assembly of the firm’s development team. With a strong team in place and a direct vision in mind, Rafik is excited to take on the new challenges and opportunities that lie ahead for Kalovida Canada.

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