Edition:
India

Canadian Apartment Properties Real Estate Investment Trust (CAR_u.TO)

CAR_u.TO on Toronto Stock Exchange

44.74CAD
1:16am IST
Change (% chg)

$-0.94 (-2.06%)
Prev Close
$45.68
Open
$45.04
Day's High
$45.34
Day's Low
$44.25
Volume
614,943
Avg. Vol
523,824
52-wk High
$61.29
52-wk Low
$36.40

Summary

Name Age Since Current Position

Michael Stein

69 Independent Chairman of the Board of Trustee

Mark Kenney

52 2019 President, Chief Executive Officer, Trustee

Scott Cryer

45 2019 Chief Financial Officer

Jonathan Fleischer

Executive Vice President

Rene Tremblay

65 2020 Independent Trustee

Harold Burke

73 2010 Independent Trustee

Gina Cody

63 2017 Independent Trustee

Poonam Puri

48 2019 Independent Trustee

James Schwartz

44 2018 Independent Trustee

Elaine Todres

70 2013 Independent Trustee

Biographies

Name Description

Michael Stein

Mr. Michael Leon Stein serves as Independent Chairman of the Board of Trustee of the Company. He has been Chairman and Chief Executive Officer of MPI Group Inc., a company engaged in real estate investment and development, since 1994. Mr. Stein also held the position of Chairman and Chief Executive Officer of MICC Properties Inc., a company engaged in real estate investment and development from 1987 to 2000. Mr. Stein is the Chairman of the board of trustees of ERES (TSXV/ERE), a director of FirstService Corporation (TSX/NASDAQ), a director of McEwen Mining Inc. (TSX/NYSE) and Chairman of the board of directors of Cliffside Capital Ltd. (TSX-V). Between 2000 and 2006, Mr. Stein was a member of the board of directors of Goldcorp Inc., a public natural resource company the shares of which are listed on the TSX and New York Stock Exchange. Between 1978 and 1987, Mr. Stein held progressively senior positions, ultimately holding the position of Executive Vice President responsible for operations, with The Mortgage Insurance Co. of Canada. Mr. Stein is a graduate engineer and holds a master of business administration in finance and international business from Columbia University in New York.

Mark Kenney

Mr. Mark Kenney serves as President, Chief Executive Officer, Trustee of the Company. He joined CAPREIT in 1998 and is the President and Chief Executive Officer and member of its Board of Trustees. Prior to this appointment, Mr. Kenney held the position of Chief Operating Officer of CAPREIT. Mr. Kenney has over 25 years of experience in the multi-family residential sector, having previously worked at Realstar Management Partnership as District Manager of Western Canada and Northern Ontario (1995 to 1998) and Greenwin Property Management as Senior Property Manager prior to 1995. Mr. Kenney currently serves as a non-executive director of Irish Residential Properties REIT plc (“IRES REIT”). Mr. Kenney is also a director of the Federation of Rental Providers of Ontario since 2009 and was a director of the Greater Toronto Apartment Association from 1998 to 2009. Mr. Kenney maintains active membership in the Halifax, Montreal, Calgary, and Vancouver Apartment Associations, and holds a Bachelor of Economics degree from Carleton University.

Scott Cryer

Mr. Scott Cryer serves as Chief Financial Officer of the Company. Mr. Cryer is also the Chief Financial Officer of ERES (TSXV/ERE). He previously held the role of Chief Financial Officer of IRES. Prior to joining CAPREIT, Mr. Cryer had an eleven year career of increasing responsibility in the Real Estate Assurance and Advisory practice of Deloitte & Touche LLP. He received his Chartered Accountant designation in 2000 and holds a Bachelor of Economics degree from the University of Western Ontario. Mr. Cryer is also a Director on the Board of IRES Fund Management.

Jonathan Fleischer

Mr. Jonathan Fleischer serves as Executive Vice President of the Company. Jonathan Fleischer, Executive Vice President, Operations Priyanka Taneja, Vice President, Finance Chin Dhushenthen, Vice President, Centre of Excellence Ivano De Luca, Vice President, Procurement Stephen Co, Vice President, Accounting.Mr.

Rene Tremblay

Mr. Rene Tremblay serves as Independent Trustee of the Company. has over 40 years of experience in the real estate industry, having been involved in international investment and development for 25 years in numerous countries, including Brazil, Poland, France, Scotland, Spain, China, South Korea, Mexico, Germany, Canada, Luxembourg, Russia, Turkey and the United States. Mr. Tremblay joined Taubman Centers, a leader in the shopping center industry in 2010 as President of Taubman Asia where he was responsible for driving Taubman’s shopping center expansion in the Asia-Pacific Region. He is the Chairman of Cominar REIT and currently serves on the board of Cogir Real Estate and the International Council of Shopping Centers. Mr. Tremblay’s prior board experience includes serving as chairman of the real estate group of Caisse de de´pot et placement du Que´bec.

Harold Burke

Mr. Harold Burke serves as Independent Trustee of the Company. He is the former Senior Vice President of Taxation at Dream Asset Management Corporation, a real estate asset manager and developer, which he joined in July 2008. Mr. Burke has more than 30 years of professional practice in the tax area at PricewaterhouseCoopers LLP, its predecessor, Coopers & Lybrand LLP, and another major Canadian accounting firm. Mr. Burke currently serves as a trustee and Chair of the audit committee of European Residential Real Estate Investment Trust (“ERES”) (TSXV/ERE). Mr. Burke is recognized as a specialist in the area of real estate-related financial services as well as in domestic and international taxation issues. While a senior partner at PricewaterhouseCoopers LLP, Mr. Burke advised a diverse domestic and foreign clientele many of which were public, private and institutional, on a variety of matters including mergers and acquisitions, capital markets financing and investment structuring. He is a Chartered Professional Accountant and holds the Institute of Corporate Directors, Institute-Certified Director Designation, ICD.D.

Gina Cody

Dr. Gina Parvaneh Cody Ph.D. serves as Independent Trustee of the Company. She holds a Masters and a Doctorate in Building Engineering from Concordia University. Dr. Cody has more than 30 years of professional practice in the private sector as a professional engineer, corporate executive and principal of an engineering firm. Dr. Cody has provided professional engineering services to some of Canada’s largest REITs, financial institutions, builders and developers. Dr. Cody currently serves as a trustee of ERES (TSXV/ERE). Dr. Cody retired in 2016 as the Executive Chair of CCI Group Inc., a Toronto based national engineering company. Prior to her retirement, Dr. Cody served the Professional Engineers of Ontario (PEO) for over 15 years as a member of the Discipline Committee and for over 8 years as a member and subsequently chair of the Professional Practice Committee. Dr. Cody was granted both the Certificate of Fellowship and the Award of Honor by PEO. Dr. Cody is currently a member of the Board of Governors and the Governance Committee and Chair of the Real Estate Planning Committee and Industrial Advisory Council of Concordia University. Dr. Cody is also the benefactor of the Gina Cody School of Engineering and Computer Science at Concordia University

Poonam Puri

Ms. Poonam Puri serves as Independent Trustee of the Company. is a tenured Professor of Law at Osgoode Hall Law School, and a corporate lawyer and Affiliated Scholar at Davies, Ward, Phillips & Vineberg LLP. Ms. Puri is one of Canada’s most respected experts in corporate governance and has extensive board experience in engineering, transportation, infrastructure and healthcare, including as a past director for Arizona Mining, Greater Toronto Airports Authority and as a former commissioner and director of the Ontario Securities Commission. She currently serves on the boards of the Canada Infrastructure Bank and Holland Bloorview Kids Rehabilitation Hospital. Ms. Puri has been recognized as one of the top 25 most influential lawyers in Canada by Canadian Lawyer Magazine in 2017 and 2015 and is a former recipient of Canada’s Top 40 under 40 award and Canada’s Most Powerful Women: Top 100 Award. Ms. Puri holds a Masters in Law from Harvard University, a Bachelor of Laws from the University of Toronto and holds the Institute of Corporate Directors, Institute-Certified Director Designation, ICD.D.

James Schwartz

Mr. James Eli Schwartz serves as Independent Trustee of the Company. is a Director in the Large Cap Corporate Banking Group with TD Securities Inc. Mr. Schwartz has over 20 years of experience working in the banking, real estate and hospitality industries. Since 2011, Mr. Schwartz has worked for TD Securities in Toronto and New York, with responsibility for structuring and managing corporate debt. Before that, Mr. Schwartz worked in TD Securities’ commercial mortgage group, providing mortgage financing for all classes of real estate assets across Canada. Before joining TD Securities, Mr. Schwartz was Vice President at HVS Consulting and Valuation, a global consulting organization, where he spent almost 10 years providing real estate strategic advisory services to the hospitality industry.

Elaine Todres

Dr. Elaine Todres serves as Independent Trustee of the Company. She has had a distinguished career in government, the not-for-profit sector and the volunteer community. After having completed a doctorate in Political Science at the University of Pittsburgh, Dr. Todres joined the civil service of Ontario where she ultimately served as a Deputy Minister for ten years. Her portfolios ranged from human resources and the Civil Service Commission, culture and cultural industries, telecommunications, tourism, solicitor general, the corrections system and emergency response. In 1997, Dr. Todres became the President of the Baycrest Centre Foundation where she stayed for three years, completing a capital campaign forthe new Apotex Centre – Jewish Home for the Aged. Dr. Todres is the Chief Executive Officer of Todres Leadership Counsel, a boutique consultancy practice specializing in strategy, leadership, organizational transformation, and governance. Dr. Todres has served on many community and hospital boards, including as chair of Women’s College Hospital Foundation. She served as director of The Northern Trust Company, Canada August 2005 to February 2014. Dr. Todres holds the Institute of Corporate Directors, Institute-Certified Director Designation, ICD.D.

Basic Compensation

Name Fiscal Year Total

Michael Stein

270,000

Mark Kenney

3,185,820

Scott Cryer

1,237,670

Jonathan Fleischer

685,574

Rene Tremblay

--

Harold Burke

131,250

Gina Cody

197,361

Poonam Puri

93,028

James Schwartz

170,000

Elaine Todres

152,500
As Of  31 Dec 2019