MIDC
Myra Investment and Development Corp, the group's real estate division. We buy, improve and manage property, and work alongside developers.
$500M+
in real estate owned, managed, brokered and developed.
Property, run by owners.
MIDC, Myra Investment and Development Corp, is the real estate division of Majid Bhai Capital. We work across the whole life of a property: buying it, improving it, running it, and partnering with others to build something new.
Most of what we do is residential. That covers single-family homes, townhouses, condominiums, apartment buildings, mixed-use buildings and short-stay homes.
We look for property with a problem that can be fixed. It may have years of repairs put off, weak management, too many empty units, or a use that no longer suits the building. An office or hotel that has stopped working can often become apartments people want to live in.
We shape each purchase around the seller. For one owner that means a quick, certain close. For another it means seller financing, a joint venture or a staged handover.
We also manage property for other owners and for homeowners' associations, and we run those buildings the way we run our own.
What we do.
From the first offer to the day-to-day running of a building.
Acquisitions
We buy distressed, bank-owned and underused property, and structure deals around what the seller actually needs.
Redevelopment and conversion
We renovate and rebuild single-family homes, mixed-use buildings and apartment blocks, and convert offices and hotels into apartments.
Property management
We run portfolios of homes, townhouses, condominiums and short-stay rentals: tenants, rents, budgets, vendors and capital works.
Condominium and HOA management
We guide homeowners' associations on their governing documents, compliance and budgets, and manage the buildings they own together.
Development partnerships
We work with developers and landowners on joint ventures, from site selection and entitlements to financing and sales.
How we work.
The same three steps on every property, whatever its size.
Find
Look for property others pass on: distressed, mismanaged or in the wrong use.
Fix
Put it right: repairs, a better plan for the building, and the right tenants.
Operate
Run it like owners, with cash flow and the downside tested first.
Questions we hear.
- What kind of property does MIDC buy?
- Distressed, bank-owned, mismanaged and underused property, mainly residential. We also look at offices and hotels that could be converted into apartments.
- Does MIDC manage property it does not own?
- Yes. We manage homes, condominiums and short-stay rentals for other owners, and we manage buildings and budgets for homeowners' associations.
- Do you work with developers and landowners?
- Yes. We form joint ventures with developers and landowners, and can be involved from site selection and approvals through to financing and sales.
- How do I bring a property or a partnership to MIDC?
- Send the details through the enquiry form on this page. Serious enquiries get a reply within two business days, and what you share stays confidential.
The rest of the group.
Three divisions under one group, with one standard for every deal.
Talk to MIDC.
Tell us what you have in mind. Your enquiry goes straight to the team.
- Serious enquiries get a reply within two business days.
- Everything you share is kept confidential.