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Automotive Properties Real Estate Investment Trust (APR_u.TO)

APR_u.TO on Toronto Stock Exchange

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Summary

Name Age Since Current Position

Kapil Dilawri

50 2015 Chairman of the Board

Milton Lamb

46 2015 President, Chief Executive Officer

Andrew Kalra

46 2015 Chief Financial Officer

John Morrison

61 2015 Lead Independent Trustee

Janet Graham

2015 Independent Trustee

Stuart Lazier

64 2015 Independent Trustee

James Matthews

53 2015 Trustee

Biographies

Name Description

Kapil Dilawri

Mr. Kapil Dilawri serves as Chairman of the Board of Automotive Properties Real Estate Investment Trust. He is a co-founder of the Dilawri Group and currently serves as the Vice President and Secretary of Dilawri. Over the last 30 years Mr. Dilawri has been instrumental in growing the Dilawri Group from a single dealership in Regina to the largest automotive dealership group in Canada. Mr. Dilawri remains active in strategic initiatives and business operations of the Dilawri Group. In 2002, Mr. Dilawri co-founded the Dilawri Foundation, a charitable organization committed to giving back to Canada by supporting medical research, hospitals, children and their families.

Milton Lamb

Mr. Milton Lamb serves as President, Chief Executive Officer of Automotive Properties Real Estate Investment Trust. Mr. Lamb is a recognized industry leader with over 24 years of experience in the Canadian commercial real estate market. Over this time, Mr. Lamb has worked with the largest global real estate service companies including CBRE, Jones Lang Wootton (now known as JLL) and most recently with Colliers International as Senior Vice President from 2007 until his recent departure in May 2015 to join a subsidiary of Dilawri. While at Colliers International, Mr. Lamb was Chair of the National Investment Services from 2008 to 2013 and represented Canada on Colliers Global Investment Services and Colliers Investment Services Group (USA) from 2008 until his recent departure. Over his career, Mr. Lamb’s direct knowledge of Toronto and the Canadian real estate markets has allowed him to successfully sell or complete joint ventures worth over $2.5 billion, including over 4 million square feet of development projects. Some of his career highlights include: leading the sale of Honest Ed’s/Mirvish Village (Short Listed NAIOP REX 2013 Investment Deal of the Year), sale of Dixie 401 Auto Mall on behalf of ING Real Estate Canada to the Dilawri Group, the sale of Vintage Towers, Calgary on behalf of Credit Suisse Global Real Estate to Allied Properties Real Estate Investment Trust and a joint venture between the Asset Management Private Markets arm of The Manufacturers Life Insurance Company and Allianz Real Estate of America to co-invest in up to $1 billion of US real estate assets including Allianz Real Estate of America’s initial acquisition of a majority interest in 1100 New York Avenue, Washington DC and 191 North Wacker Drive, Chicago.

Andrew Kalra

Mr. Andrew Kalra serves as Chief Financial Officer of Automotive Properties Real Estate Investment Trust. Mr. Kalra currently serves as the Vice President, Finance of Dilawri and has done so since joining Dilawri in 2014. Mr. Kalra has over 20 years of experience in finance, including over 13 years of experience in the automotive industry. Prior to joining the Dilawri Group, Mr. Kalra served as the Senior Director of Finance and Business Strategy at Mazda Canada Inc. from 2002 until his departure in 2014. Prior to April 2002, Mr. Kalra held senior financial positions in public companies at Nortel Networks Inc. and Walt Disney Canada, as well as at a Canadian chartered accounting firm. Mr. Kalra holds a Bachelor of Commerce (Finance, Accounting and Economics) from the University of Toronto in Toronto, Ontario and a CPA, CA designation.

John Morrison

Mr. John R. Morrison serves as Lead Independent Trustee of Automotive Properties Real Estate Investment Trust. Mr. Morrison currently serves as the President and Chief Executive Officer of Choice Properties Real Estate Investment Trust and has over 35 years’ experience in the commercial real estate industry, primarily in the retail real estate asset class. Mr. Morrison was President and Chief Executive Officer of Primaris Retail Real Estate Investment Trust from 2009 to 2013. Prior to serving in that role, Mr. Morrison was President, Real Estate Management, at Oxford Properties Group, where he was responsible for the performance of its domestic real estate portfolio. Mr. Morrison is a past Trustee of the International Council of Shopping Centres, currently serves on a number of committees and is Divisional Vice President for Canada. He is also former Vice Chairman of the Urban Land Institute Toronto District Council. Mr. Morrison is an Institute certified Director of the Institute of Corporate Directors and is currently Chairman of the Ryerson University Real Estate Advisory Committee.

Janet Graham

Ms. Janet Graham serves as an Independent Trustee of Automotive Properties Real Estate Investment Trust. Ms. Graham has been a Managing Director of IQ Alliance Incorporated, a Torontobased real estate advisory services firm, since August 2002. Prior to joining IQ Alliance Incorporated, Ms. Graham was an independent consultant for a number of years delivering real estate related financial advisory services to major corporate clients. Prior to March 1996, Ms. Graham held senior positions at a Canadian chartered bank and its affiliated investment bank for 15 years specializing in corporate finance and corporate lending to real estate and other companies. Ms. Graham is a member of the Board of Trustees and Chair of the Audit Committee of Milestone Apartments Real Estate Investment Trust and a member of the Board of Directors and Chair of the Audit Committee of Sienna Senior Living Inc. Ms. Graham is a former member of the Board of Directors and Chair of the Audit Committee of Toronto Waterfront Revitalization Corporation and a former member of the Board of Directors and member of the Audit Committee of Altus Group Limited and a former member of the Board of Trustees and Chair of the Audit and Special Committees of Partners Real Estate Investment Trust , a publicly-traded Canadian real estate investment trust. She is also a former member of the Board of Trustees and member of the Audit Committee of IPC US Real Estate Investment Trust (a publicly-traded Canadian real estate investment trust) and a former member of the Board of Directors and member of the Audit Committee of Crystal River Capital, Inc. (a public Maryland corporation). Ms. Graham holds a Bachelor of Applied Science from Guelph University, a Master of Business Administration from York University and holds a CPA, CA Designation.

Stuart Lazier

Mr. Stuart Lazier serves as Independent Trustee of Automotive Properties Real Estate Investment Trust. Mr. Lazier, who has more than 30 years of experience as a leader in real estate management and investment, is a partner, co-founder and the Chief Executive Officer of Fiera Properties Limited. Mr. Lazier was the Managing Partner of Canada’s leading independent real estate management services company, Enterprise Property Group, for 14 years. He merged this company with O&Y Properties to form O&Y Enterprise, managing over 110 million square feet and assets of more than $20 billion. He resigned in 2001, seeking to apply his vast experience to the investment side of the business. Between 2001 and 2009, Mr. Lazier co-founded KingSett Capital, now one of Canada’s leading real estate fund managers. In addition to assisting with KingSett’s strategic leadership, Mr. Lazier was responsible for the company’s operations, leasing, and portfolio value optimization. He was also a member of the Investment and Advisory Boards overseeing three growth funds with 60 investments valued at $3 billion managed on behalf of institutional investors. Mr. Lazier then worked with Fiera Capital to launch a new real estate investment platform on December 1, 2011 that would combine the capital market strengths of Fiera Capital with the talents and experience of a best-in-class real estate investment team to bring Fiera investors new and innovative real estate investment products. Mr. Lazier has served his community as board member and Chair of Covenant House Toronto, Chair of the Real Estate Committee for the Toronto United Way, Vice Chair of the Board of Governors at Upper Canada College and Chairman of the Build Toronto Board of Directors. He is currently a director of a number of other private companies and non-profit organizations. Mr. Lazier holds an MBA from the Richard Ivey School of Business at the University of Western Ontario.

James Matthews

Mr. James Matthews serves as Trustee of Automotive Properties Real Estate Investment Trust. Mr. Matthews currently serves as the Chief Financial Officer of Dilawri and since his appointment in this role on January 1, 2007, Mr. Matthews has also served in the capacity of Chief Financial Officer of the other members of the Dilawri Group and has been a member of the Management Board of the Dilawri Group. Mr. Matthews has been integral to the Dilawri Group’s expansion since his appointment in 2007. During his tenure, Mr. Matthews has taken a lead role in all aspects of acquisition transactions, including business operations, developments and redevelopments, and had primary responsibility for all financing activities. Prior to his work with the Dilawri Group, Mr. Matthews’ experience varied over a broad range of industries, including pharmaceuticals as Chief Financial Officer of W.K. Buckley Limited, consumer products as VP Finance with KIK Custom Products Inc., and telecom as Regional Controller with the cablevision arm of Rogers Communications Inc. Mr. Matthews holds a Bachelor of Administration in Finance and Economics from the University of Western Ontario and a CPA, CA designation.

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