Board Of Trustees

Paul Dykeman, CA

Trustee and Chief Executive Officer

Mr. Dykeman began his real estate career in 1990 as the Controller of Roycom, a pension and mutual fund real estate advisor, prior to which he spent six years in a variety of increasingly senior roles with an international audit and accounting firm. In 1996, he, along with Mr. Maroun, launched Summit REIT and in 1998 was appointed its Chief Financial Officer. With Summit REIT's acquisition by ING Real Estate in 2006, Mr. Dykeman was appointed Chief Executive Officer of ING Real Estate Canada, responsible for all aspects of its operations, including real estate transactions, investment and property management, finance and ING Real Estate Canada's strategic direction.

Currently, Mr. Dykeman is Chief Executive Officer of Sigma Real Estate Advisors Limited, an investment advisory firm specializing in the Canadian, United States and Bermuda real estate markets. Mr. Dykeman obtained a Bachelor of Commerce degree from Dalhousie University in 1984, and his chartered accountant designation in 1986.

Louis J. Maroun, frics

Chairman and Trustee

Mr. Maroun began his real estate career in 1982 following seven years with the Nova Scotia Department of the Attorney General. In 1996 Summit Real Estate Investment Trust was launched, and under his tenure as Chief Operating Officer/Chief Executive Officer, it grew to become one of Canada's largest REIT's and the country's largest publicly traded owner and manager of industrial real estate with approximately $3.5 billion in assets. Following Summit REITs successful privatization by ING Real Estate in 2006, Mr. Maroun became Executive Chairman of ING Real Estate Canada until 2009.

Currently, Mr. Maroun is Chairman of Sigma Capital Corporation and Sigma Real Estate Advisors Limited, an investment advisory firm specializing in the Canadian, United States and Bermuda real estate markets. Sigma advises and co-invests with its Institutional clients. Mr. Maroun is also a board member of Brookfield Infrastructure Partners, a Toronto Stock Exchange and New York Stock Exchange listed public company and Brookfield Renewable Energy Partners, one of the largest publically owned owner/operators of renewable energy projects. He is, as of February 2013, a board director and audit committee member of Brookfield Property Partners.

In 2006, Mr. Maroun was honored by his election to the position of Fellow of the Royal Institute of Chartered Surveyors.

Michael Catford

Independent Trustee, Member of Audit and Governance Committees.

Mr. Catford’s 40 year career in the real estate industry included consultancy and advisory services with Driver Jonas and an extensive period with Royal LePage in both brokerage and advisory capacities, as well as store location strategy and site selection for Eaton’s of Canada. Beginning in 1996, until his recent retirement as Vice President, Real Estate, Mr. Catford worked for the Healthcare of Ontario Pension Plan, the principal pension provider to healthcare sector employees in Ontario. Under his leadership, HOOPP grew its real estate portfolio from $650 million to a current gross market value of approximately $8.0 billion.

Mr. Catford has served as a trustee of Morguard Real Estate Investment Trust since 1997, and in addition, currently serves on Morguard Real Estate Investment Trust’s Audit Committee, Compensation and Governance Committee and Investment Committee.

Mr. Catford qualified as a City Planner and holds a Masters of Science Degree from the University of Toronto and a Bachelor of Arts Degree magna cum laude from the State University of New York. He is a Fellow of the Royal Institution of Chartered Surveyors (FRICS) and a member of NAIOP, ICSC & PREA.

Larry Morassutti

Independent Trustee, Member of Audit and Governance Committees.

Mr. Morassutti is the owner of the Morassutti Group of Companies, which are involved in providing real estate advisory services including valuation, direct real estate investment and development and real estate management. Mr. Morassutti is a Senior Advisor to North Drive Investments Inc., which is a residential condominium developer, and he is a director of Orlando Corporation, Canada’s largest privately‐owned industrial developer and landlord. Mr. Morassutti is a past director of The York School and is a former trustee of CREIT, a position he held for 18 years. Mr. Morassutti received his Bachelor of Commerce degree from the University of Toronto in 1977 and obtained his Chartered Accountant designation in 1979.

Saul Shulman

Independent Trustee, Chair of Governance Committee

Mr. Shulman began his career at Goodman & Carr LLP, where he worked for 39 years. He is a former director of the Advisory Board of Brookfield Renewable Power Inc.; former trustee of Brookfield Renewable Power Trust and a member of its audit committee; former director of Brookfield Asset Management and a member of its audit committee and for a time, lead director; former director of Tricon Capital Group Inc.; a former director of Summit REIT; former director of St. Andrew Goldfields Ltd.; a former director of Trizec Corporation Ltd.; a former director of Triumph Energy Corporation; a former director of JDS Investments Limited; and a former director of 1381216 Ontario Inc. (Castlemore Golf & Country Club/Intracorp Developments Ltd).

Currently, Mr. Shulman is the Chief Executive Officer of MLG Management Inc. In addition, he is a member of the Investment Committee of Tricon Capital GP Inc. and Tricon USA Inc.; a board member and a member of the audit committee of Acadian Timber Corp. Mr. Shulman obtained a Bachelor of Commerce degree from the University of Windsor in 1960. He graduated from Osgoode Hall Law School in 1963 and was called to the Ontario Bar in 1965. Mr. Shulman was appointed Queen's Counsel, 1984.

Jim Tadeson

Lead Trustee, Chair of Audit Committee

Mr. Tadeson began his real estate career in 1987 and progressed through various acquisition, development and asset management roles, including as a partner with Ticor Realty Investment Advisors and Vice President, Acquisitions & Development for Morguard Investments Limited. In 1998 he joined Talisker Corporation where he was Senior Vice President, and was responsible for acquiring, structuring, financing, developing, re-developing, managing and disposing of a wide and varied portfolio of real estate assets in Canada, the United States. and the United Kingdom. In 2005 he founded Carttera Private Equities Inc. and is its Chief Executive Officer and is the Chief Executive Officer of each of its investment vehicles. Since founding Carttera Private Equities Inc., he has led the acquisition, financing, development and sale of over $1.4 billion of real estate assets held within six investment vehicles, raising capital from public, private and institutional sources. In April 2006, Mr. Tadeson founded InStorage REIT where he served as a trustee and the Chief Executive Officer until the company was privatized in 2009. Mr. Tadeson obtained an Honours Business Administration degree from the University of Western Ontario in 1987, and his Chartered Financial Analyst (CFA) designation in 1998.