Ranee Management Ltd.
Ranee Management Limited, formerly Zolty Holdings Ltd., “is a multifamily investment company and owns over 7,500 units in the Greater Toronto Area.” The real number of units owned by the Zolty family is significantly higher than that but is obscured by their corporate ownership structure. Ranee Management Limited does not, for instance, own the Goodwood apartments. But the Zolty family sure does! While Ranee manages the properties, the Zolty family owns 100, 102, 104, 106 and 108 Goodwood Park through a company called Goodwood Apartments Limited.
The Zolty real estate dynasty has been profiting off rental housing for over 65 years, across three generations. On top of their massive real estate portfolio, the Zolty family has also built their wealth off businesses tangential to the multifamily real estate market. David Zolty co-founded TNT Appliances, a coin laundry and appliances sales and service company. David’s sons Mark and Mitch have furthered the family dynasty with their work at MetCap Living Management and Brass Enterprises Inc., a real estate investment company focused exclusively on multifamily properties. They now run a real estate advisory company called Prism Multifamily Group Inc.
Bruno Zolty
President, Ranee Management
Bruno and Morris Zolty began Zolty Holdings Ltd. in 1965. In 1982, the company became Ranee Management Limited. It is unclear what Bruno’s relationship is to Ranee Management currently, though he is still listed as the President.
Phyllis Friedman
Director, Goodwood Apts.
Phyllis Friedman is the daughter of Ranee Management’s founder Morris Zolty. She is also the director of Goodwood Apartments Limited and the owner of 100, 102, 104, 106 and 108 Goodwood Park. Ben Friedman is Phyllis’ husband, David Zolty’s business partner and the current president of Goodwood Apartments Limited.
David Zolty
Executive officer, Goodwood Apts.
David Zolty inherited the massive real estate portfolio of the Zolty family from his father Morris Zolty. He is also the co-founder of TNT appliances and an executive officer of Goodwood Apartments Limited.
The Zolty/Friedman family are also the owners of Rykka Care Centres. Three of Rykka centres – Hawthorne Place, Eatonville and Anson Place – have come under intense scrutiny for allowing the spread of COVID-19 amongst its residents.
Are the Zolty/Friedman family responsible for over 100 COVID deaths?
Mark Zolty, Ben Friedman and Mitch Zolty are the heirs to the Zolty real estate empire.
Mark Zolty (left) and Mitch Zolty (right).
Mark Zolty advertises his American real estate investment company.
Mark Zolty representing Brass Enterprises Inc. at a real estate conference.
Mark Zolty
On Affordable Housing
The Zolty family, through Ranee management and Goodwood Apartments, have the sole discretion to forgive tenants’ rents in light of the COVID-19 crisis.
Buildings Owned by the Zolty Family
100 Goodwood Park
102 Goodwood Park
104 Goodwood Park
106 Goodwood Park
108 Goodwood Park
1276 Islington Ave
90 Cordova Ave
1 Fountainhead Rd
35 Fountainhead Rd
370 Steeles Avenue East
730 Ontario Street
700 Ontario Street
225-227 Cosburn Ave.
1276 Islington Avenue
41 Lorindale Avenue
1-31 Valleywoods Road
40 Fountainhead Road
45 Fountainhead Road
470 Sentinel Rd
535 North Service Rd.
1840 Bloor St.
1850 Bloor St.
268 Poplar Plains Rd.
521 Finch Ave. West
522 Finch Ave. West
523 Finch Ave. West
365 Kennedy Road
2570-2590 Argyle Road
72 Gamble Avenue
20 Gamble Avenue
3110 Yonge Street
1 Terraview Boulevard
715 Finch Avenue West
2727 Victoria Park Avenue
165 Barrington Ave. East
3801 Lawrence Ave. East
195 Barrington Ave. East
195 Kennedy Road South
165 Kennedy Road South
470 Sentinel Road
45 Lorindale Avenue
3000 Victoria Park Avenue
2301 Victoria Park Avenue
1300 York Mills Rd.
205 Cosburn Avenue
90 Tyndall Avenue
3112 Yonge Street
Tenant Testimonials
“Worst building I ever lived in at 1850 Bloor St. Mississauga. The building has bed bugs and the building is filthy and disgusting. The superintendent doesn't want to clean at all and is lazy. The important thing for them is that they put an advertisement outside saying luxury renovated suites. Yeah right! Rent is astronomically expensive and they increased my rent by 4.7% and parking and hydro is extra. Besides all of that, I need to live in filth and garbage everyday. Will be moving soon!”
“I am renting with them and they are the worst landlord I would never recommend , units are very dirty and every year they increase the rent”
“Their lack of respect for their tenants is disgusting. All they care about is their money- not the people. If you want to live in an overpriced, lack of ethics and maintenance place, this is the place for you, however, for us, we have standards and are getting the hell away from here. Unfortunately I don't have the time or energy to fill in the loop holes, but one day, somebody will and they will bring this disgusting company down!!!”
In the News
Crescent Town, Teesdale, Goodwood tenants withhold rent during pandemic
Tenants of Ranee —
Organize with your neighbours.
Share your Ranee stories with us.
Tenants across the city are organizing together against rent increases, disrepair and disrespect. Tell us about your experiences as a Ranee tenant and join your neighbours.