Tricon

David Berman has been involved in all phases of Tricon’s development since co-founding it in 1988, and is responsible for its overall operations including investment decisions and capital commitments. He has nearly 40 years of experience in the real estate industry in Canada, the United States and abroad.

Mr. Berman began his career in North America in 1978 at what is now Citibank Canada where he was Vice President for real estate lending. In 1982, he joined First City Development Corporation as Vice President, with responsibility for real estate acquisitions and equity lending. Prior to co-founding Tricon, Mr. Berman acted as Executive Vice President for Lakeview Estates Limited, where he was responsible for land development and single-family homebuilding.

Mr. Berman currently sits on the real estate advisory boards for the University of Toronto and the Fisher Center at the University of California, Berkeley. He holds a Masters of Business Administration with high distinction and a Bachelor of Science from the University of the Witwatersrand in Johannesburg, South Africa.

Geoff Matus co-founded Tricon in 1988, and through Mandukwe Inc. continues to provide consulting services to Tricon. He is a Member of the Board of Directors of Tricon and is actively involved in strategic planning; in particular Mr. Matus focuses on the selection of markets in which the Company invests and the developers with which Tricon does business.

Mr. Matus, who has extensive business experience in Canada, the United States and abroad, is also a chairman and director of a number of other manufacturing and financial companies. Prior to 1988, he was in the corporate lending arm of Citibank Canada, and subsequently Executive Vice-President and director of the Warren Paving and Materials Group. He is an honorary director and past chair of the board of directors of the Baycrest Centre for Geriatric Care. He is also a member of the Governing Council of the University of Toronto and a member of the board of each of the Canadian Opera Company and the MaRS Discovery District. In 2005, Mr. Matus was a recipient of the Jewish Federation award for outstanding service to his community.

Mr. Matus graduated with a Bachelor of Commerce Degree from the University of the Witwatersrand in Johannesburg, South Africa, and received his Law Degree from Columbia University in New York.

Gary Berman is responsible for corporate development, fundraising, and for the sourcing, underwriting and management of investments in Canada and the United States.

Prior to joining Tricon in 2002, Mr. Berman was a Development Manager for Canderel Stoneridge Equity Group where he managed the conversion of the former Massey Harris office headquarters into loft condominiums and the development of DNA (Downtown’s Next Address), a 550-unit condominium project in Toronto, Canada. Before joining Canderel Stoneridge Equity Group, Mr. Berman worked in New York as an associate in Real Estate Acquisitions for the Blackstone Group and as a financial analyst in Real Estate Advisory for Goldman Sachs & Co.

Mr. Berman is the co-founder of the Pug Awards, an online awards and education-based charity established to increase architectural awareness and elevate planning and design standards in Toronto.

Mr. Berman received a Masters of Business Administration from Harvard Business School where he was designated a Baker Scholar, and a Bachelor of Commerce from McGill University in Montreal where he graduated first overall in the Faculty of Management.

Glenn Watchorn is responsible for investment strategy and for the sourcing, underwriting and management of investments in Canada and the United States.

Prior to joining Tricon in 2002, Mr. Watchorn was Vice President, Corporate for Intracorp Developments Ltd., a real estate development company that manages and develops residential and commercial projects throughout Canada. During his five year tenure at Intracorp Developments Ltd., Mr. Watchorn was responsible for the financial structuring of acquisitions and for raising equity and debt to finance residential and commercial projects. Before joining Intracorp Developments Ltd., Mr. Watchorn worked for Graywood Developments Ltd. for six years in the positions of Development Manager and Financial Analyst. During his employment at Graywood Developments Ltd., Mr. Watchorn was actively involved in the acquisition, financing, planning and development of the company’s projects.

Mr. Watchorn is a director on the board of the Kensington Foundation, a charitable foundation that supports a health care organization focusing on health and wellness services for seniors.

Mr. Watchorn received a Masters of Business Administration from the Richard Ivey School of Business at the University of Western Ontario and a Bachelor of Arts in Economics and Political Science from the University of Western Ontario.

Mr. Shulman provides legal counsel to Tricon in addition to serving as a Member of the Investment Committee for Tricon’s funds. Mr. Shulman also served as a Director of Tricon from its formation until May 2010.

Mr. Shulman was formerly a senior partner at Goodman and Carr LLP for almost 40 years, and has extensive legal experience in evaluating and structuring real estate transactions in North American and international markets. He is currently on the advisory board of Brookfield Power Inc. and is a director of several private companies. Mr. Shulman is a trustee for each of Brookfield Renewable Power Fund and Charter Real Estate Investment Trust. His previous public directorships/trusteeships include Brookfield Asset Management (formerly Brascan Corporation / Brascan Financial Corporation), Summit Real Estate Investment Trust, Trizec Corporation Ltd., Edper Investments, JDS Investments Limited and Triumph Energy.

Mr. Shulman holds a Bachelor of Commerce Degree from the University of Windsor. He graduated from Osgoode Hall Law School in Toronto, and was called to the Ontario Bar in 1965. Mr. Shulman was appointed as Queen’s Counsel in 1984.

June Alikhan is responsible for Tricon’s financial management, including information technology, reporting and administration. Ms. Alikhan has over 20 years of experience in the accounting field with over ten years in the real estate industry.

Prior to joining Tricon in 2001, Ms. Alikhan led her own consulting company, providing financial management, process re-engineering and systems assessment and implementation services within the real estate industry. Prior to starting her own company in May 1999, she held a controllership position in the real estate division of The Oshawa Group Ltd., a large national retail/wholesale grocery company.

Ms. Alikhan graduated from the University of Toronto with a Bachelor of Commerce degree and subsequently received her C.A. from the Institute of Chartered Accountants of Ontario.

Jeremy Scheetz is responsible for sourcing and underwriting new investments and for managing existing projects in Vancouver, Edmonton and Southern California. He also assists with the oversight of Tricon’s asset management program.

Prior to joining Tricon in 2003, Mr. Scheetz worked as a senior account manager for HSBC Bank Canada where he was responsible for sourcing, underwriting and managing various residential construction loans in the homebuilding and condominium sectors.

Mr. Scheetz received a Masters of Business Administration from the Ivey School of Business at the University of Western Ontario and an Honours Bachelor of Commerce from Queen’s University.

Jonathan Ellenzweig is responsible for sourcing and underwriting new investments and for managing existing projects in Northern California and Phoenix. Mr. Ellenzweig also assists with corporate strategy and fundraising.

Prior to joining Tricon in 2005, Mr. Ellenzweig was an investment banking analyst for Citigroup Global Markets, working in both the New York and Toronto offices, where he was a member of the coverage and transaction execution teams for financial services and media/telecom companies.

Mr. Ellenzweig graduated from Queen’s University with a Bachelor of Commerce degree and was awarded First Class Honours.

David Giles is primarily responsible for underwriting new investments and for managing existing projects in Calgary, Atlanta and Northern California. Mr. Giles also assists with investment fund reporting.

Prior to joining Tricon in 2005, Mr. Giles worked as a project engineer for Clough Limited, an oil and gas contractor based in Perth, Western Australia.

Mr. Giles graduated from the University of Western Australia with both Bachelor of Commerce and Bachelor of Engineering (Honours) degrees.

Craig Mode is primarily responsible for underwriting new investments and for managing existing investments in Toronto and Southern California. Mr. Mode also assists with investment fund reporting and fundraising.

Prior to joining Tricon in 2007, Mr. Mode was an acquisitions analyst with DLJ Real Estate Capital Partners, the real estate private equity division of Credit Suisse Group, in Los Angeles, California and also worked with Haywood Securities Inc. as an investment banking analyst in Toronto.

Mr. Mode holds an Honours Business Administration degree from the Ivey School of Business at the University of Western Ontario where he graduated with Distinction.