The Whitecastle New Urban Fund is a private equity fund that forms the real estate arm of the Whitecastle group of companies and follows in the footsteps of Whitecastle’s founder, A. Ephraim (Eph) Diamond, a prominent real estate developer. The initial Whitecastle New Urban Fund was established as a limited partnership in July 2008, with the Whitecastle New Urban Fund 2 established in February 2012. Most recently, the Whitecastle New Urban Fund 3 was established in April 2015. The mandate of the Whitecastle New Urban Fund is to create additional value in lands through a process of rezoning the lands to an appropriate use and density.
The Whitecastle Fund is honoured with building on the legacy of Eph Diamond. As a co-founder of Cadillac Fairview Corporation Limited, Eph served as Chairman and CEO until 1979 and continued on the Board of Directors and the Executive Committee until the company was sold in 1987 when the company was acquired by a private investment consortium.
Eph’s contribution to the fabric of Canada has been recognized by his 1994 appointment as an Officer of the Order of Canada and his 1988 induction into the Canadian Business Hall of Fame. For his life-long humanitarian work he has received the 1980 Human Relations Award from the Canadian Council of Christians and Jews and the 1979 State of Israel Prime Minister’s Medal for Humanitarian Services.
Eph Diamond was an engineering graduate from Queens University and served as an Officer in the Royal Canadian Navy. Sadly he passed away in 2008.
Eph’s legacy of integrity and fairness in his business dealings combined with pride, humility and a great sense of humour have inspired his family and employees of Whitecastle to continue his honourable traditions.