MI Developments Inc., a real estate operating company, engages in the acquisition, development, construction, lease, management, and ownership of industrial and commercial real estate properties. As of December 31, 2009, the companys property portfolio comprised approximately 106 industrial and commercial properties located in Canada, the United States, Mexico, Austria, Germany, the Czech Republic, the United Kingdom, Spain, and Poland. It also owns land for industrial development. The company was founded in 1998 and is headquartered in Aurora, Canada.