Fund Portfolio

1 St. Clair Avenue West, Toronto

Size: 84,917 square feet
Type: Office
Value added: Increased occupancy, decreased operating costs, optimized and diversified the tenant mix by dividing single tenant floors into multi-tenant floors.
Purchase price: $9,800,000 (1999)
Current value: $24,910,000 (2012)
Opportunity: Potential for future development.

2323 Yonge Street, Toronto

Size: 67,924 square feet
Type: Office
Value added: Increased occupancy levels, increased revenue with a public parking lot, redeveloped the lobby, extended lease terms and reduced operating costs.
Purchase price: $14,000,000 (2007)
Current value: $20,430,000 (2012)
Opportunity: Potential residential condominium joint-venture with Minto.

2600 Skymark Avenue, Mississauga
Size: 120,000 square feet
Type: Office condominium
Value added: Executed a lucrative condominium sales program.
Purchase price: $12,000,000 (2006)
Current value: $18,000,000  (2011)
Opportunity: Solid cash-flow; opportunistic completion of sales program.

5075 Yonge Street, Toronto
Size: 85,586 square feet
Type: Commercial office
Value added: Repositioned parking, Scotiabank lease renewal.
Purchase price: $20,000,000 (2010)
Current value: $27,880,000 (2012)
Opportunity: Contract rents below market rent; significant public parking opportunity.

75/85 Aventura, Mississauga
Size: 61,352 square feet
Type: Comamercial office/industrial
Value added: Lease renewals.
Purchase price: $8.580,000 (2008)
Current value: $8.500,000 (2011)
Opportunity: Contract rents below market rents; sale to user.

Bracebridge Square, Bracebridge
Size: 40,000 square feet
Type: Retail
Value added: Capital improvements leading to increased rental rates.
Purchase price: $7.800,000 (2010)
Current value: $8.200,000 (2011)
Opportunity: Contract rents below market rents, opportunity to lease former gas pad at market rent.

2540 - 2570 Matheson Blvd. East, Mississauga
Size: 125,650 square feet
Type: Office condominium
Purchase price: $11,125,765 (Fe. 2012)
Current value: $12,500,000 (Mar. 2012)
Opportunity: Completion of sales program; reposition through CAPEX initiatives; increase operational efficiency through enhanced property management.