PRESENTER BIOGRAPHIES

Carolyn Blair Sheila Botting William Briscoe Managing Director Senior Practice Partner, Managing Director & COO RBC Capital Markets Client Cabinet, National Leader, Triovest Realty Advisors Deloitte Real Estate Real Estate Group [email protected] [email protected] Deloitte [email protected]

Carolyn Blair's professional practice Sheila Botting, FCMC, FRICS, AACI William Briscoe is the Managing is focused on REITs, having (Hon) is Senior Practice Partner, Director and Chief Operating Officer launched the REIT industry in Client Cabinet and National Leader, of Triovest Realty Advisors. William Canada with the first public equity Deloitte Real Estate across Canada provides strategic direction and issue for a Canadian REIT in 1994. and works with our global partners overall management responsibility in the delivery of real estate for the c ompany’s operations. He RBC Capital Markets has led or co- solutions for our global and has more than 20 years’ experience led approximately 40% of all Canadian clients. Delo itte provides in the industry . Prior to joining Canadian REIT IPOs, been active the full offering of real estate Triovest, William was Executive on most completed REIT mergers, services including: financial Vice President at one of Canada’s and has a leading market share in advisory, capital markets, , largest real estate investment distributing and trading REIT assurance, enterprise risk and tax. advisory firms. securities in Canada. Sheila is also responsible for Deloitte’s corporate premises across Carolyn's practice also includes Canada. corporate sale/leasebacks and private placements of equity into private real estate funds or corporations.

RBC Capital Markets Real Estate Group is the largest real estate group in Canada and has offices in Montreal, Toronto, Calgary and New York to provide debt, equity, brokerage and advisory services to public and private real estate clients. PRESENTER BIOGRAPHIES

Tom Burns Steve Carroll Anish Chopra Executive Vice President & COO Managing Director, Managing Director & Portfolio Allied Properties REIT Senior Global Portfolio Manager Manager [email protected] CBRE Clarion Securities TD Asset Management [email protected] [email protected]

Tom Burns is Executive Vice Steve Carroll is a Senior Global Anish Chopra joined TD Asset President/COO and a trustee of Portfolio Manager, a member of the Management Inc. in 1998. He has Allied Properties REIT, a leading CBRE Clarion Securities’ Global lead management responsibilities owner, manager and developer of Investment Policy Committee, and on the Canadian Value and Target urban office properties in Canada’s co-leader of the Asia-Pacific real Return strategies for both TD Mutual major cities. Tom joined Allied in estate team. Funds and TD Waterhouse Private January 2011 and oversees all Investment Counsel. Anish is also leasing transactions, operations and Prior to joining CBRE Clarion the lead manager for several key supplier relationships for Allied’s Securities in 2011, Steve served as institutional strategies. growing portfolio of properties in Co-Chief Investment Officer of CB Canada. Richard Ellis Investors’ Securities In addition, Anish is a part of the Team responsible for the portfolio management team supporting the Prior to joining Allied, Tom was management of global real estate TD Pension Fund and a member of Senior Vice President, Retail for securities separate accounts and the TD Wealth Asset Allocation DTZ Barnicke, where he specialized funds. His past experience also Committee. Anish was the inaugural in the leasing and merchandising of includes real estate and financial recipient of the Canadian Institute of shopping centres and mixed used analysis experience at Kenneth Chartered Business Valuators projects. Leventhal & Company, a national (CICBV) Top Chartered Business accounting firm, and asset Valuator Under 40 Award. Anish has management experience with JCF over 11 years of experience Partners, a real estate asset managing proprietary funds within management firm located in TDAM, with knowledge in Canadian, Maryland. Steve has over 22 years U.S. and global equities as well as of real estate investment numerous absolute return management experience. He is a strategies. Prior to joining TDAM, member of NAREIT and currently Anish worked as a member of TD serves on the Asia-Pacific and North Securities’ He appears regularly on American Index Committees for the television as well as in print media EPRA/NAREIT Property Securities discussing business and investment Index. Mr. Carroll is a Certified issues. He has presented at Public Accountant licensed in the numerous investment industry State of California conferences across North America. PRESENTER BIOGRAPHIES

Michael Cooper Bill Crow Rags Davloor Vice Chairman & CEO Managing Director, Executive Vice President & CFO Dundee REIT Real Estate Equity Research RioCan REIT [email protected] Raymond James & Associates [email protected] [email protected]

Michael Cooper is the Managing Bill Crow has a background in Rags Davloor is the Executive Vice Partner of Dundee Real Estate and joined the President and Chief Financial Asset Management ( DREAM ), Raymond James real estate team in Officer of RioCan REIT, Canada’s which has more than $12 billion of early 1997. Bill focuses on lodging largest real estate investment trust commercial real estate, residential companies and lodging, multifamily, with an enterprise value of $13.6 development and renewable energy and office REITs. He has been billion as at June 30, 2012. infrastructure assets under recognized in The Wall Street management . Journal Best on the Street survey RioCan, headquartered in Toronto, four times in addition to the Ontario, owns and manages Michael is CEO of Dundee REIT, StarMine Top Analyst and Forbes Canada's largest portfolio of Canada’s largest office REIT, and is Blue Chip Analyst surveys. shopping centres with ownership Chairman of the Executive interests in a portfolio of 336 retail Committee of Dundee Bill has also been featured on properties. International REIT, which invests in CNBC, Bloomberg TV, and commercial properties exclusively Bloomberg Radio among other Rags has over 15 years of outside of Canada. He founded media outlets, and quoted in The experience in the real estate sector. Dundee Realty Corporation, the Wall Street Journal , The Prior to joining RioCan in February, predecessor company of DREAM Washington Post , and a variety of 2008, he was Vice President & and Dundee REIT, and has held the other local and national publications. Director of Investment Banking at position of CEO for each company TD Securities for 2 years covering since their inception. Prior to joining Raymond James, Bill the real estate sector. Prior to this was a REIT and lodging analyst with he worked with O&Y Properties Michael currently sits on the Board Southwest Securities for 2 years, Corporation and O&Y REIT for ten of Directors of Dundee Corporation, after serving as an associate in the years in a number of progressive Dundee REIT, Dundee firm’s department. positions, ultimately becoming CFO. International REIT, United Rags was involved in one of the Corporations Ltd., Lakefield largest real estate transactions in Foundation and the Power Plant Canadian history when O&Y Gallery. Properties and O&Y REIT were sold to a consortium led by Brookfield Properties in late 2005. PRESENTER BIOGRAPHIES

Tom Dicker Neil Downey Michael Emory Portfolio Manager Managing Director & President & CEO Dynamic Funds Real Estate Analyst Allied Properties REIT [email protected] RBC Capital Markets [email protected] [email protected]

Tom Dicker joined Dynamic Funds in Neil Downey, as a senior member Michael Emory is the President & 2011 as a Portfolio Manager and of Global Equity Research, is CEO and a trustee of Allied member of the award-winning Equity responsible for the firm's coverage Properties REIT, a leading owner, Income team. He is co-manager of of the Canadian real estate and manager and developer of urban the Dynamic Global Real Estate related sectors. With more than 15 office properties in Canada’s major Fund and the Dynamic Real Estate years of experience and ~30 REITs cities. and Infrastructure Fund and and REOCs in his coverage supports the real estate sector universe, Neil has significant Prior to entering the real estate analysis for the Equity Income Team breadth and depth of knowledge of business in 1988, Michael was a at Dynamic. the real estate sector. His research partner with the law firm of Aird &

is highly valued by institutional Berlis LLP, specializing in corporate Tom has 8 years of investment investors, consistently ranking him industry experience, initially as an and real estate finance. analyst and then portfolio manager, highly in industry surveys. Most with LDIC Inc. He holds the recently, in the 2011 Brendan Chartered Woods International survey, Neil designation. was ranked #1 in the Real Estate, REITs and Hospitalities sectors.

Prior to joining RBC Capital Markets in 1996, Neil spent 5 years with Ernst & Young Canada as a senior staff accountant in the financial services and capital markets groups. He received his CA designation in 1995 and was awarded his CFA charter in 1997.

PRESENTER BIOGRAPHIES

Steve Evans Ryan Fitzgerald Louis Forbes Co-Chief Executive Officer Vice President, Executive Vice President & CFO Pure Industrial REIT Portfolio Management Primaris Retail REIT [email protected] CI Investments Inc. [email protected] [email protected]

Steve Evans has over 25 years of Ryan Fitzgerald is a Vice President Louis Forbes is Executive Vice experience in all facets of and Portfolio Manager with President and Chief Financial commercial real estate including Signature Global Advisors, a Officer at Primaris Retail Real acquiring and operating in excess of division of CI Investments Inc. Estate Investment Trust (TSX – $1 billion of industrial, retail, office, PMZ.un) and multi-family assets across Signature Global Advisors manages Canada and the U.S. He co-founded over $24 billion in assets spanning Louis joined Primaris in 2003 to Pure Industrial Real Estate Trust across geographies and the capital assist in its initial public offering. (“PIRET” TSX – AAR.un) and Pure structure. As part of the group, Ryan The enterprise has since grown specializes in yield oriented equity from $450 million to $3.6 billion in Multi-Family REIT LP (“Pure Multi” investments and overseas value and now employees over 500 TSX-V – RUF.u) and is presently investments in the property, people. He sits on the boards of all the Co-CEO of PIRET and the CEO infrastructure, and income trust Primaris subsidiary companies. of Pure Multi. sectors. Immediately prior to joining Primaris, PIRET is Canada’s only ‘pure-play’ Louis spent 5 years with Merrill industrial REIT with 5.2 million Lynch as a real estate equity analyst square feet of industrial space in 72 covering real estate companies in assets located in primary and North America. Prior thereto, he secondary markets across Canada. spent 13 years as CFO of Revenue Pure Multi is Canada’s only ‘pure- Properties, a Toronto-based public play’ U.S. apartment REIT providing real estate company. investors exposure to strong growth opportunities in the sunbelt of the Louis is a member of the Institute of U.S. Chartered Accountants of Ontario and the International Council of Steve is also co-owner of Sunstone Shopping Centres. Louis obtained Realty Advisors, a firm that his Chartered Director’s designation specializes in acquiring and re- in 2012. He has been active in his positioning value-add retail and community through the boards of mixed-use commercial assets not-for-profit organizations. across Canada. PRESENTER BIOGRAPHIES

Glenn Hynes Heather Kirk Andre Kuzmicki CFO & Secretary Director, Executive Director , Program in Crombie REIT Real Estate Equity Research Real Estate & Infrastructure [email protected] National Bank Financial Inc. Schulich School of Business [email protected] [email protected]

Glenn Hynes was appointed Chief Heather Kirk joined National Bank Andre Kuzmicki is the Executive Financial Officer and Secretary of Financial in 2002. As Director, Real Director of the graduate Program in Crombie REIT on June 28, 2010. Estate Equity Research, she heads Real Estate and Infrastructure at the Prior to joining Crombie, Glenn held up NBF’s REIT equity research Schulich School of Business, York the position of Chief Financial team and covers 18 Canadian real University, where he teaches real Officer and Partner of Bluewave estate co mpanies and investment estate finance and investment. Energy LP; a national fuel trusts. In 2012, Heather was ranked His career in real estate spans distribution business. For the 10 as the number two Overall nearly four decades and year period from 1996 to 2006, Picker in Canada and the number encompass es all aspects of real Glenn held several executive two REIT Industry Stock Picker in estate investment including positions with Sobeys Inc. the StarMine Analyst Awards. With acquisitions, development, asset (TSX:SBY) including Executive Vice a background that includes equity management a nd portfolio President and Chief Financial research, investment banking, management. Officer (2001 – 2005) and Executive property transactions and merger s Vice President and Chief and acquisitions, Heather has a Prior to launching his teaching Development Officer (2005 - 2006). deep and diversified knowledge of career in 1998, he managed the real the real estate sector. Her 15 years estate investment portfolio for the Glenn’s present professional of diverse experience in the Canadian arm of the Prudential affiliations include Chair of the Canadian REIT industry provide a Insurance Company of America. He Atlantic Provinces Economic unique perspective to her research. is an experienced corporate director Council (APEC) and Board and and REIT trustee, currently serving Executive Committee member and Prior to joining National Bank on the boards o f Chartwell Seniors Finance & Audit Committee Chair of Financial, Heather w orked in the Housing REIT, Dorsay Development the University of Prince Edward research and investment banking Corporation and RealNet Canada Island. departments of an independent Inc. Canadian investment bank. Glenn received the UPEI She is a former lecturer at the Andre is a past president of the Distinguished Alumnus Award in University of Toronto and is actively National Association of Office and 2002 and Canada’s Top 40 Under involved in the mentorship program Industrial Properties (NAIOP), 40 Award in 2000. He was awarded for the Kenneth Woods Portfolio Greater Toronto Chapter and is the his FCA (Fellow Chartered Management Progra m at the John founding chairman of its prestig ious Accountant) designation in Molson School of Business. annual REX Awards and Gala. December 2011. PRESENTER BIOGRAPHIES

Stéphane Larsen Michael Latimer Karine MacIndoe Portfolio Manager, Europe Executive Vice President & CIO Managing Director, Real Estate Presima Inc. OMERS /REITs Analyst, Equity Research [email protected] [email protected] BMO Capital Markets [email protected]

Stéphane Larsen joined Presima in Michael Latimer is Executive Vice Karine MacIndoe has covered Real 2002. He is a portfolio manager President and CIO of OMERS. Estate/REITs at BMO Capital focusing on European real estate Michael has full accountability for Markets since 2002. Prior to joining securities. Stéphane is responsible the strategic, operational and the firm, she worked in mergers and for analysis, financial modeling and financial leadership of OMERS acquisitions for an international for investment decisions in these investment entities which include investment banking firm. markets, as well as portfolio OMERS Capital Markets (“OCM”), construction. OMERS Private Equity (“OPE”), In the StarMine 2011 Analyst Borealis Infrastructure (“Borealis”) Awards, Karine was ranked first for Stéphane joined the financial and Oxford Properties (“Oxford”). stock picking in Real Estate. In industry in 2000, having worked for Michael is a member of the OMERS 2011, for the sixth year in a row, she Socrate Wealth Management, Leadership Team and will drive the was ranked as an all-star (top three) where he covered various sectors investment strategy for OMERS and analyst by the Brendan Wood including chemical, utility and represent management before the International Survey, with the latest pharmaceutical companies on a Investment Committee of the two surveys ranking her second. global basis. Stéphane is a OMERS Board of Directors. From Chartered Financial Analyst (CFA). 2004 to 2009 Michael was the President and Chief Executive Officer of Oxford Properties Group, a private international investment management company with $18 billion of capital under management, a wholly owned subsidiary of OMERS.

In addition to his role at Oxford, Michael was the President and Chief Executive Officer of Primaris Retail Real Estate Investment Trust (Primaris REIT), a publicly traded trust company on the Toronto Stock Exchange, as well as a past Trustee (July 2003 to July 2009). PRESENTER BIOGRAPHIES

Michael Markidis Armin Martens Sandy McNair Vice President, Global Research President & CEO President RBC Capital Markets Artis REIT Altus InSite [email protected] [email protected] [email protected]

Michael Markidis is a member of the Armin Martens is the President and Sandy McNair is the President of Canadian real estate equity Chief Executive Officer of Artis Altus InSite, a division of Altus research team. He joined RBC REIT. He has been actively involved Group. Sandy and the Altus InSite Capital Markets in 2007 and has in the construction, development team work closely with a wide range since developed a deep and management of commercial of commercial real estate understanding of the real estate real estate since the 1980’s. occupants, owners, investors, sector. Michael has primary lenders, managers, advisors and coverage of seven Canadian REITs In addition to his position as industry associations located across and REOCs, and working together President and CEO of Artis REIT, Canada. with lead Analyst Neil Downey, he is currently President and CEO covers approximately 30 listed- of Marwest Development Since 1996 the goal of Altus InSite entities. Corporation, a position he has held has been to increase the investment since 1994. appeal, credibility and performance Prior to joining RBC, Michael spent of commercial real estate by 11 months performing sell-side Armin is a Professional Engineer creating quality processes that research at a boutique investment (APEGM), a past director of establish market data and dealer. He also worked at George Fortress Paper Ltd. (TSX: FTP) and performance perspective that are; Weston Limited/Loblaw Companies a past director of the Bank of National and Consistent, Accurate Limited as a Treasury Manager. Canada, Canada's central bank. and Timely, Credible, Transparent Michael is a CFA charterholder and and Independent. a member of the Toronto CFA society. Prior to launching InSite Real Estate Information Systems, Sandy gained a wealth of perspective with several commercial real estate firms including, a real estate developer, an architectural firm, a software developer, a financial institution and a hotel management company. In 2006 InSite was acquired by Altus Group. PRESENTER BIOGRAPHIES

Dennis Mitchell Andrew Moffs Andrew Nasr CIO & Senior Portfolio Manager President & Portfolio Manager Executive Director, Sentry Investments SRE Securities Canada Inc. Portfolio Manager [email protected] [email protected] Middlefield Capital Corporation [email protected]

Dennis Mitchell is responsible for Andrew Moffs is the President and Andrew Nasr joined Middlefield as a the day to day operations and Portfolio Manager of SRE Securities portfolio manager where he is oversight of the investment Canada Inc., an alternative responsible for covering the equity department. He is also head of the investment manager in Toronto, income and real estate sectors. He real estate and infrastructure Canada, focused on publicly traded was previously a Senior Vice portfolio management team at real estate-related securities. The President and equity analyst at Sentry, and is recognized as one of firm is an affiliate of Starwood Real Raymond James where he spent 5 Canada's leading authorities in real Estate Securities, L.L.C., based in years covering equity income estate investing. Greenwich, CT. securities and companies operating in the consumer and alternative Dennis joined Sentry in 2005, and Prior to joining the firm at its energy sectors. Andrew has also has over a decade of experience in founding in 2008, Andrew was an spent over 5 years at two other the financial services industry. He is analyst and Portfolio Manager at asset management firms as a a 3-time winner of the Brendan Waterfall Investments in Toronto. portfolio manager. He holds the Wood International TopGun He has worked as a Senior Analyst Chartered Financial Analyst Portfolio Manager Award and was at Starwood Real Estate Securities, designation. recognized in 2011 as a Brendan L.L.C. in Greenwich, CT, and as an Wood International TopGun Analyst at ABP Investments US, Canadian Real Estate Investment Inc., in New York, NY, in their real Mind. estate division.

Dennis holds the Chartered Andrew began his career as an Financial Analyst (CFA) designation. Analyst in the Investment Banking Division of Salomon Smith Barney in New York, NY, as a member of the Global Real Estate & Lodging Group. He holds the Canadian Investment Manager (CIM) designation. Andrew is a member of NAREIT.

PRESENTER BIOGRAPHIES

John Parsons Doug Quesnel Jordan Robins Managing Director Chief Financial Officer Senior Vice President, MacGregor Associates Dundee International REIT Planning & Development [email protected] [email protected] RioCan REIT [email protected]

John Parsons is the Founder and Doug Quesnel is the Chief Financial Jordan Robins is the Senior Vice Managing Director of MacGregor Officer of Dundee International President Development at RioCan Associates. John provides corporate REIT. Formed in 2011, Dundee Real Estate Investment Trust. strategy, organizational consulting, International REIT is mandated to Jordan joined RioCan in 2003 to private placement and capital mar- invest in commercial real estate help create and subsequently kets services to institutional real outside of Canada providing oversee the company’s in house estate organizations including the investors with international exposure development department. world’s leading investment and diversification to their real managers, public and corporate estate investments. RioCan is Canada's largest real pension plans, insurance estate investment trust with a total companies, foundations and Doug joined Dundee Realty capitalization of approximately $13 endowments and international Management Corp. in 2004 being billion as at March 31, 2012. It owns investors. responsible for corporate and manages Canada's largest administration, financial reporting, portfolio of shopping centres with John has extensive experience in taxation and financial management ownership interests in a portfolio of the field of institutional real estate and has held various positions 333 retail properties containing an strategy, and has led numerous including Chief Financial Officer of aggregate of 80 million square feet, advisory engagements for real Dundee Realty Corporation, a including 46 grocery anchored and estate investment managers and diversified real estate investment new format retail centres containing investors that are active across the and asset management company 12 million square feet in the United real estate risk spectrum of core, with over $10 billion of assets under States through various joint venture value add and high yield strategies. management and Vice President, arrangements as at March 31, 2012. Corporate Accounting of Dundee RioCan’s portfolio also includes 10 John is an expert in institutional real REIT, which owns and operates properties under development in estate fund product design, office and industrial properties Canada. marketing, investor account service located in key markets across and reporting as well as large-scale Canada. real estate separate account programs.

John is the co-editor of Real Estate Investment Trusts published by McGraw Hill. PRESENTER BIOGRAPHIES

Tom Rothfischer Corrado Russo Sharon Sallows GTA, Real Estate Practice Leader, Managing Director, Director, OTPP; Trustee, RioCan Partner Real Estate Securities REIT; Trustee, Chartwell Seniors KPMG LLP Timbercreek Asset Management Housing R EIT [email protected] [email protected] [email protected]

Tom Rothfischer is GTA Real Estate Corrado Russo is Managing Sharon Sallows is an experienced Practice Leader and Partner at Director, Investments/Global Head investment professional with over 25 KPMG LLP. Tom is the Practice of Real Estate Securities of years of business experience having Leader for Building, Construction & Timbercreek Asset Management held numerous high level banking, Real Estate in Toronto. With over 22 where he is responsible for real estate finance, real estate years of public accounting managing the Global Securities management and advisory experience, he has provided audit platform incl uding the Timbercreek positions. and advisory services to various Global Real Estate Fund participants in the real estate (TSX:TGF.UN). Corrado has an Currently, Sharon is a member of industry including institutional extensive background in the the Board of Trustees of both investors, lenders, governments, investment management field, RioCan REIT and Chartwell Seniors private realty and development having held positions in portfolio Housing REIT, and a member of the companies as well as public REIT’s. management, equity research and Board of Directors of the Ontario direct real estate investments. Teachers’ Pension Plan. Tom has assisted clients in the process of going public and Prior to joining Timberc reek, thereafter in resolving financial Corrado was an Executive Director reporting, corporate governance, and portfolio manager of global real internal control, acquisition due estate securities at Forum Securities diligence and finance related Ltd. (2009 -2011), a portfolio operational issues. manager of global real estate securities for Citi Property Investors Tom is a member of the Institute of (2005 -2009), a portfolio manager of Chartered Accountants of Ontario, genera l equities and income funds as well as the Society of Certified for Empire Life Financial (2004 - Management Accountants of 2005), an analyst of real estate Ontario. securities and general equities at Investors Group (2001 -2004) and an assistant portfolio manager of direct real estate for Ontario Teacher’s Pension Plan Board (1 997-2001). Corrado holds the Chartered Financial Analyst designation. PRESENTER BIOGRAPHIES

Tom Schwartz Stephen Sender Michael Smith President & CEO Managing Director, Managing Director, CAPREIT Industry Head, Real Estate, Real Estate Equity Research Global Investment Banking [email protected] Macquarie Securities Group Scotiabank [email protected] [email protected]

Tom Schwartz founded Intraurban Stephen Sender is a Managing Michael Smith, CFA, is one of Projects to specialize in the Director in Scotiabank’s Global Canada’s top ranked real estate development of new housing Banking and Markets division and analysts having achieved Brendan projects in mature communities. serves as Industry Head for the Woods International Number 1 Intraurban built and developed over firm’s real estate practice, with 26 overall ranking numerous times. 2,500 housing units serving all years of experience in the market segments and through York investment banking industry both in Prior to joining the securities Heritage Properties has participated Canada and abroad. industry, Michael worked in the real in the development, construction, estate industry for 13 years, holding and management of over 600,000 Since the early 1990’s, Stephen has a variety of senior investment square feet of commercial space. In specialized in the Canadian real positions, including at a major 1997, Tom founded Canadian estate sector, providing investment Canadian pension fund advisor Apartment Properties Real Estate banking advice to numerous public where he was in charge of Investment Trust, Canada’s first entities (REITs and real estate acquisitions and at GE Capital Real apartment real estate investment operating companies). He has been Estate. trust. He currently is President and directly involved in raising equity CEO of CAPREIT. CAPREIT and debt capital for the Canadian Currently, Michael is Managing currently owns over 30,000 real estate sector since 1993 in a Director, Real Estate Equity apartment suites and land lease very large number of transactions Research at Macquarie Securities sites located in or near major urban raising in excess of C$40 billion. Group, a global securities dealer. centres from coast to coast. Tom is active in industry and Over the years, Stephen has government affairs and is currently provided financial advice in on the Board of Trustees of numerous M&A transactions in the CAPREIT; the Board of Directors of real estate sector, including Chartwell Seniors Housing REIT; mergers, takeovers and related the Board of Directors of REALpac; party transactions. He is a frequent and the Board of Directors of the moderator/speaker at conferences Mount Sinai Hospital Foundation. in Canada focusing on capital Tom is also a member of the markets developments in the real Schulich School of Business estate sector. Stephen qualified as a Advisory Council – Program in Real C.A. (S.A.) in 1984. Estate and Infrastructure. PRESENTER BIOGRAPHIES

Edward Sonshine Jan Sucharda Stephen Taylor Chief Executive Officer President & CEO President & COO RioCan REIT Brookfield Canada Office Properties Morguard Investments Limited [email protected] [email protected] [email protected]

Edward Sonshine is the Chief Jan Sucharda is the President and Stephen Taylor is the President and Executive Officer of RioCan Real Chief Executive Officer of Brookfield COO of Morguard Investments Estate Investment Trust, Canada’s Canada Office Properties, Canada’s Limited, a real estate advisory largest REIT. Primarily focused on pre-eminent office REIT. Our company providing a full range of retail real estate, RioCan owns and portfolio consists of interests in 28 portfolio, asset and property manages a portfolio having an premier office properties totaling management services across aggregate area of over 80 million 20.7 million square feet in the Canada. square feet consisting of 334 retail downtown cores of Toronto, properties and including 50 Calgary, Ottawa and Vancouver. Established in 1975, Morguard was shopping centres in the United a pioneer in introducing real estate States. In addition, Jan is President and investment to Canadian pension CEO of the Canadian Commercial funds and, with over $11 billion in Edward has been the CEO of Operations for Brookfield Office assets under management, RioCan since he founded it in late Properties, one of North America’s continues as one of the nation’s 1993 and has overseen its growth largest commercial real estate largest and leading real estate from the initial enterprise value of companies which owns, develops managers. Morguard Investments is less than $100 million when it went and manages premier office a wholly owned subsidiary of public in January of 1994 to an properties. Brookfield’s Canadian Morguard Corporation, a real estate enterprise value of approximately development portfolio currently company that is publicly traded on $12.5 billion as at December 31, consists of seven sites totaling the Toronto Stock Exchange under 2011. Outside of his duties at approximately 5.5 million square the symbol “MRC”. RioCan, Edward is a Director of the feet. Royal Bank of Canada and Cineplex Prior to joining Morguard in 1998, Inc. Jan has over 25 years of experience Stephen had over 20 years of in the real estate industry. Prior to experience providing acquisition, Edward is active as well in serving joining Brookfield in 2005 he was disposition and asset management the community and is currently Vice with O&Y Properties Corporation services to a major Canadian Chair of Mount Sinai Hospital in and O&Y REIT for eight years financial institution and two large Toronto as well as Chair of the where he was responsible for the development companies. Israel Bonds Organization of operating performance and strategic Canada. direction of the company’s portfolio of office buildings. PRESENTER BIOGRAPHIES

Vlad Volodarski William Wong Craig Wright Chief Financial Officer Managing Director Senior Vice President & Chartwell Seniors Housing REIT RBC Capital Markets Real Estate Chief Economist [email protected] Group Royal Bank of Canada [email protected] [email protected]

Vlad Volodarski is Chief Financial William Wong joined RBC Capital Craig Wright, as Chief Economist, Officer of Chartwell Seniors Housing Markets in 1996 and focuses on leads a team of economists who REIT. With over 25,000 seniors capital markets transactions for real provide economic, and housing suites owned, managed or estate investment trusts and real foreign exchange research to RBC under development in North estate corporations. William has clients. Craig is a regular contributor America, Chartwell is one of the senior coverage responsibilities for to a number of RBC publications largest participants in the seniors lead clients such as Artis REIT, and is a key player in delivering housing sector in North America. Brookfield Office Properties Inc., economic analysis to clients and the Brookfield Canada Office media through the Economics Vlad joined Chartwell as a Vice Properties, Calloway REIT, First Department’s regular economic President of Finance in 2003 and Capital Realty Inc., Granite REIT, briefings. was appointed Chief Financial Innvest REIT, Killam Properties Inc., Officer in 2005. Prior to joining Morguard Corp., Morguard REIT, Craig was appointed Chief Chartwell, he was a senior manager Morguard North American Economist in 2001 having joined with KPMG LLP. Vlad has over 15 Residential REIT, Northwest RBC in 1994 after working at years of experience in public Healthcare Properties REIT, another financial institution for accounting, specializing in seniors Primaris Retail REIT and RioCan seven years. He is a participant in a housing, real estate and REIT. number of the key RBC internal construction industries. committees and is a member of the William has also spent considerable CD Howe Monetary Policy Council, Vlad is a Chartered Accountant and time advising various institutional Wilfrid Laurier School of Business a Certified Public Accountant investors and public real estate and Economics Dean’s Advisory (Illinois). entities on mergers and Council and the British Columbia acquisitions. He is a Chartered Economic Forecast Council. Accountant and a Chartered Financial Analyst. NOTES

NOTES