Builder · Operator · Investor

Mithulan
Perinpanayagam

CPA building at the intersection of real estate, technology, and capital — investing in things that compound.

See what I'm building

Mithulan Perinpanayagam

The short version.

I'm a CPA, CA who started my career at PwC and Dream Unlimited, building a foundation in institutional real estate and capital markets. I spent time in the venture capital space as CFO of an autonomous vehicle startup before turning my focus to building a real estate platform of my own.

Today, I'm a Trustee and Director at Foundation Capital, a private REIT focused on multifamily real estate across Ontario's secondary markets. We acquire, operate, and improve apartment buildings — with a growing portfolio north of $50 million.

I'm obsessed with building systems that scale: AI-driven operations, automated investor relations, and technology that makes real estate management smarter. I write and create content about all of it.

$50M+ Assets Under Management
18+ Properties
CPA, CA Designation

Ventures

What I'm building.

FC

Foundation Capital Group

A platform of real estate vehicles spanning acquisitions, development, and social impact housing across Ontario. Includes a private REIT, Foundation Development Fund I for purpose-built multifamily in Southwestern Ontario, and the Foundation Social Fund for affordable housing in partnership with charitable organizations.

Real Estate · Private Equity · Development
YN

Yield the North

Content platform sharing insights on Ontario multifamily investing, market analysis, and the operator's perspective on building a real estate portfolio from scratch.

Media · Thought Leadership
V+

Investing & Advisory

Personal investments and advisory work across technology, proptech, and early-stage ventures. Focused on founders building tools that make real assets smarter to own and operate.

Venture Capital · Technology

Thinking

What I'm exploring.

I'm drawn to the intersection of systems, technology, and capital. Here's where my attention goes beyond the day-to-day of running Foundation Capital.

01

AI & Automation in Real Estate

Implementing AI workflows across property management, investor relations, and operations — and sharing what works.

02

Ontario Multifamily Markets

Deep analysis on rent growth, cap rate compression, and the bifurcation between institutional and sub-institutional assets.

03

Venture Capital & Technology

Exploring early-stage investments in proptech, fintech, and AI infrastructure — where the next wave of compounding happens.

04

Building in Public

Documenting the real story of scaling a REIT — the operations, the capital raises, the systems, and the mistakes.


Impact

Giving back.

Building housing
that matters.

Through the Foundation Social Fund — part of the Foundation Capital platform — and my role on the Finance Committee at Meta Centre, I'm focused on channeling institutional-quality management toward affordable housing and developmental services. Social impact and professional operations aren't mutually exclusive.

FSF Social Fund
Meta Finance Committee
Purpose Built Affordable
Ontario Community Focus

Contact

Let's connect.

Whether you're an investor exploring multifamily real estate, an operator looking to implement AI in your business, or someone who just wants to talk about building things — I'd like to hear from you.