MEMBERS Mayor Naheed Nenshi Office of the Mayor Alberta Investment Management Corporation Allied Properties REIT P.O Box 2100, Station M Artis REIT Calgary, AB T2P 2M5 Aspen Properties Ltd. th Avison Young May 14 , 2012 Baybridge Seniors Housing Inc. Bentall Kennedy Group BMO Capital Markets Real Estate Inc. Re: Meeting Request: Municipal Sustainable Development Strategy Boardwalk REIT Brookfield Financial Real Estate Group Brookfield Real Estate Opportunity Fund Build Toronto Inc. Dear Mayor Nenshi: Cadillac Fairview Corporation Ltd., The Calloway REIT Canderel The real property sector is a significant energy and resource consumer. It plays a sizable role CAPREIT CB Richard Ellis Limited in the production of greenhouse gases, consumption of water, and the production of solid CIBC World Markets Inc. waste. As the sector continues to evolve, there are opportunities to help reduce the impact of Colliers International. Inc. Cominar REIT commercial buildings on the environment. Municipal Governments across Canada have made CREIT (Canadian REIT) Crombie REIT considerable progress towards the advancement of green building policies, and Calgary has Cushman & Wakefield Ltd. remained at the forefront of these efforts. However, in order to achieve an ambitious, Dorsay Development Corp. Dundee REIT sustainable target, all cities must further commit time and effort to set a precedent EPIC Realty Partners Inc. nationwide. Fengate Capital Management Ltd. Fiera Properties First Capital Realty Inc. First National Financial LP Municipal Government Recommendations: Gazit America Inc. GE Capital Real Estate Greystone Managed Investments Inc. While municipalities across Canada do not possess the same resources as the federal or Grosvenor Americas Limited provincial government when it comes to sustainable development, there are still several ways GT Canada Medical Properties REIT GWL Realty Advisors Inc. they can be instrumental in helping reduce the commercial real estate’s environmental H & R REIT footprint. REALpac would like to see the City of Calgary engage in the following initiatives: Homestead Land Holdings Limited IGRI Inc. Infrastructure Ontario Ivanhoe Cambridge Addressing Climate Change and Air Quality Killam Properties Inc. A 50% increase in the service standard if for a LEED or other green building permit; M3 Capital Partners Macquarie Capital Markets Canada, Ltd. and, Manulife Financial MCAN Mortgage Corporation Widespread creation of Green Precincts. Melcor Developments Ltd. Menkes Development Ltd. MI Developments Maintaining Water Quality and Availability Minto Group, The Morguard Corporation Taking into account water conservation in local planning documents; and, Morguard Investments Limited Water utility programs to incent water conservation and greywater systems. Morguard REIT Mortgage Fund Three National Bank Financial Shrinking the Environment Footprint – Beginning with Government Northern Property REIT NorthWest Healthcare Properties REIT Encouraging government buildings to seek LEED or an equivalent certification; and, OPTrust Oxford Properties Group Inc. A building permit turnaround of half the normal service standard for green buildings Parkbridge Lifestyle Communities Inc.. standard for all municipalities (e.g. from eight days to four days). Partners REIT PIRET Plazacorp Retail Properties Limited. The task of creating a sustainable development strategy for Calgary that yields favourable Primaris Retail REIT Public Storage Canadian Properties economic conditions is certainly expansive. REALpac believes the perspective of the real Raymond James Ltd. RBC Capital Markets Real Estate Group property sector can provide insight and guidance as your government moves along in this Redcliff Realty Advisors Inc. process. The ideas presented in this letter are ambitious but attainable under a strong strategy Retrocom Mid-Market REIT RioCan REIT that pools together the full reach and resources of the public and private sectors. The key Scotia Capital Inc. economic stimulus that would result from such initiatives includes job creation, economic Scotiabank Scott’s REIT growth, and energy cost reduction. SilverBirch Hotels & Resorts Skyline Standard Life Investments (Real Estate) Inc. Sun Life Assurance Company of Canada TD Securities Inc. Timbercreek Asset Management Inc. We would be pleased to meet with you and your staff in person to discuss this issue. Please provide us with some times that will work, and we’d be happy to arrange our schedules accordingly. In the mean time, please feel to contact Paul Morse at [email protected] or 416-642-2700 ext. 225 or Ryan J. Eickmeier at [email protected] or 416-642-2700 ext. 225. Regards, Paul Morse Ryan J. Eickmeier Chief Executive Officer Manager, Government Relations & Policy .