Aeroterm was founded in 1992 by John Cammett and Ken Code shortly after the decentralization of the Canadian Airport system.  At that time, the Montreal Airport Authority (Aeroports de Montreal) made a decision to reorganize the city’s airports. Recognizing the growth potential of airport real estate opportunities, Aeroterm purchased and redeveloped several buildings at the Dorval and Mirabel International Airports.  Working with the Airport Authority, the company successfully relocated air cargo tenants from one airport to the other with minimal disruption of commercial activities.  With this experience, the founders began to expand their portfolio of specialized airport facilities by building relationships with tenants and airport authorities throughout North America.  Over the years, the firm has built up a portfolio of more than 8.5 million sf of property at over 30 airports, primarily in the United States and Canada.  The firm’s leadership has also responded to the emergence of other transportation-related opportunities by launching affiliate entities, such as NorthAmerican Terminals—a company dedicated to truck terminals.

Aeroterm continues to actively expand its portfolio through strategic acquisitions and development projects.  With over $2 billion in transactions and current assets owned or under development at many of the world’s leading airports, Aeroterm is the world’s airport facility leader.  Our portfolio includes properties located at major air cargo hubs like John F. Kennedy International Airport and Miami International Airport, where Aeroterm is the largest private developer, owner, and manager of real estate assets.