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WPT Industrial Real Estate Investment Trust (WIRu.TO)

WIRu.TO on Toronto Stock Exchange

13.64USD
18 Oct 2019
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Summary

Name Age Since Current Position

Scott Frederiksen

53 2015 Chairman of the Board of Trustee, Chief Executive Officer

Judd Gilats

2017 Chief Financial Officer

Matthew Cimino

2018 Chief Operating Officer, General Counsel

Robert Wolf

59 Lead Independent Trustee

Milo Arkema

68 Independent Trustee

Louie DiNunzio

51 2013 Independent Trustee

Sarah Kavanagh

62 Independent Trustee

Stuart Smith

73 2013 Trustee

Pamela Spackman

67 2013 Independent Trustee

Biographies

Name Description

Scott Frederiksen

Mr. Scott T. Frederiksen serves as Chairman of the Board of Trustee, Chief Executive Officer of WPT Industrial Real Estate Investment Trust. Mr. Frederiksen is the Chief Executive Officer of the REIT. He is also the Chief Executive Officer and a member of the board of managers of Welsh. Mr. Frederiksen has served in many distinguished roles during his 25-year tenure with the Welsh organization. Starting as an industrial broker in 1987, he was named Senior Vice President in 1996 and became a Principal of Welsh Companies, LLC in 2006. Mr. Frederiksen also served as President of WelshInvest, LLC from January 2008 until his appointment as Chief Executive Officer of Welsh in 2010. In his current role as Chief Executive Officer of Welsh, Mr. Frederiksen is responsible for strategic oversight of the asset-based growth of the company, leading a team of dedicated professionals in the areas of financial analysis, acquisitions, due diligence, legal, investor relations, financing, asset management and dispositions. Mr. Frederiksen was also instrumental in negotiating and structuring a $200 million credit facility for Welsh as part of a strategic consolidation of Welsh’s industrial portfolio. He serves as a frequent speaker and panellist for regional and national industry organizations in the U.S. and Canada, including the UBS Industrial Summit, the National Association of Industrial and Office Properties, REALpac, the BMO Global Real Estate Conference, NAREIT and RealREIT. Mr. Frederiksen holds a Bachelor of Science degree from St. Cloud State University, where he graduated summa cum laude. He is a Certified Commercial Investment Member, a member of the National Association of Real Estate Investment Trusts and the Society of Industrial and Office Realtors, and holds a Real Estate Broker’s License in the State of Minnesota. Mr. Frederiksen also holds his Series 24, 7 and 63 securities licenses and is a principal license holder for Welsh Securities, LLC.

Judd Gilats

Mr. Judd Gilats, CPA has been appointed as Chief Financial Officer of the Company. Mr. Gilats was previously Chief Financial Officer for U.S. Assets and Dislocated Industries at Castlelake, L.P., a global investment firm based in Minneapolis, MN. Before Castlelake, Mr. Gilats held various corporate finance and capital markets roles with Ares Management, Wrightwood Capital, Chiron Corporation and Deloitte & Touche LLP, where he earned his CPA designation. Mr. Gilats received his BBA in accounting from the University of Wisconsin - Madison and his MBA from the Hass School of Business at the University of California - Berkeley.

Matthew Cimino

Mr. Matthew J. Cimino serves as Chief Operating Officer, General Counsel, Secretary of WPT Industrial Real Estate Investment Trust. Mr. Cimino joined the Welsh organization in 2007. He currently serves as the General Counsel of Welsh. In this role, Mr. Cimino oversees all legal operations for Welsh and its subsidiaries, including corporate governance and compliance, litigation and the structuring and negotiation of all joint ventures, private placements, acquisitions, dispositions, financing and leasing. Mr. Cimino also manages Welsh’s in-house legal department and serves as Welsh’s corporate secretary. Prior to his appointment as General Counsel of Welsh, Mr. Cimino served as Senior Corporate Counsel for Welsh, with primary responsibility for all legal aspects of Welsh’s leasing, acquisition and disposition transactions. Before joining Welsh in 2007, Mr. Cimino served as external counsel to Welsh. While in private practice, Mr. Cimino focused in the areas of real estate, finance, corporate and environmental law. He is a frequent speaker on real estate legal matters such as the structuring and negotiation of joint ventures and commercial lease transactions and was also a recipient of the First Chair Award for ‘‘Top General Counsel’’ in 2012. Mr. Cimino is admitted to practice law in Missouri and Minnesota and is a member of the Real Property Law Section of the Minnesota State Bar Association, The Association of Corporate Counsel and the National Association of Industrial and Office Properties. Mr. Cimino is a director of The Soap Factory, a nationally recognized non-profit gallery and artist cooperative located in Minneapolis, Minnesota. He received a Juris Doctor degree from Creighton University School of Law and a Bachelor of Science degree from Montana State University.

Robert Wolf

Mr. Robert T. Wolf serves as Lead Independent Trustee of WPT Industrial Real Estate Investment Trust. Mr. Wolf, through RTW Capital Corporation, has been providing financial consulting to small and medium sized businesses in a variety of sectors since February 2008. Mr. Wolf currently serves as a trustee of InnVest Real Estate Investment Trust (TSX: INN.UN). Mr. Wolf also serves as a trustee, Chair of the Audit Committee and Vice-Chair of the Investment Committee of Retrocom Real Estate Investment Trust (formerly Retrocom Mid-Market Real Estate Investment Trust) (TSX: RMM.UN). Since March 2013, Mr. Wolf has served as Chairman of C.A. Bancorp Inc. (TSX: BKP), which invests in small cap and private companies. Mr. Wolf was a director of C.A. Bancorp Canadian Realty Finance Corporation from February 2008 to April 2011. Prior to March 2008, Mr. Wolf served as Chief Financial Officer of RioCan Real Estate Investment Trust, Canada’s largest real estate investment trust, from its inception in 1994. Prior to 1994, Mr. Wolf held a variety of positions in both public and private real estate companies. Mr. Wolf holds a Chartered Accountancy designation and received a Masters of Business Administration from the Schulich School of Business at York University and a Bachelor of Commerce from McGill University.

Milo Arkema

Mr. Milo D. Arkema, CPA serves as an Independent Trustee of WPT Industrial Real Estate Investment Trust. Mr. Arkema is an independent consultant with Chima Consulting, LLC. Prior to joining Chima Consulting, LLC in 2013, Mr. Arkema was a director and employee of Baker Tilly Virchow Krause, LLP, an accounting and advisory firm, from 2007 to 2012. Prior to 2007, Mr. Arkema was a partner at Baker Tilly Virchow Krause LLP, and served as a member of its executive committee for five years. Mr. Arkema’s principal focus has been advising and consulting with entrepreneurs, shareholders, businesses, and boards regarding strategy, capital formation, management issues, executive compensation and general business issues. Currently, he also leads and manages financial due diligence engagements for private equity firms and strategic buyers. Mr. Arkema is the Chairman of the board of directors of CaringBridge, a non-profit organization that provides free websites to connect and friends during serious health events. Mr. Arkema also previously served as an independent member of the investment committee of two investment funds that hold minority equity interests in Welsh. He is a member of the American Institute of Certified Public Accountants and the Minnesota Society of Certified Public Accountants and holds his Series 7 and 63 securities licences through the Financial Industry Regulatory Authority.

Louie DiNunzio

Mr. Louie DiNunzio is an Independent Trustee of the Company. He has more than 20 years of experience in the real estate sector. In 2003 he joined Cadillac Fairview, one of North America’s largest investors, owners and managers of commercial real estate, as Vice-President, Investments, and was promoted to Senior VicePresident in 2008. He served as Senior Vice-President, Strategic Asset Management from 2011 until August 2015 when he returned to the role of Senior Vice-President Investments. In his current position he is responsible for Cadillac Fairview’s strategic investments and divestitures, with a focus on the Canadian and US markets. Prior to joining Cadillac Fairview, he held progressively senior positions within the investment banking industry at both BMO Nesbitt Burns Inc. and Merrill Lynch Canada. Mr. DiNunzio is a Chartered Accountant and holds a Masters in Business Administration from The Schulich School of Business at York University and a Bachelors of Commerce from the University of Toronto.

Sarah Kavanagh

Ms. Sarah B. Kavanagh serves as an Independent Trustee of WPT Industrial Real Estate Investment Trust. Since 2011, Ms. Kavanagh has served as a Commissioner at the Ontario Securities Commission. She is also currently a Director and Chair of the Audit Committee of Hudbay Minerals Inc. (TSX: HBM; NYSE: HBM) and a Director and Chair of the Audit Committee at the American Stock Transfer and Canadian Stock Transfer. Between 1999 and 2010, Ms. Kavanagh served in various roles in Investment Banking at Scotia Capital Inc., including Vice-Chair and Co-Head of Diversified Industries Group, Managing Director and Head of Equity Capital Markets, Head of Investment Banking and Head of Canadian Relationship Management. Ms. Kavanagh graduated from Harvard Business School with a Masters in Business Administration and received a Bachelor of Arts degree in Economics from Williams College. Ms. Kavanagh also completed the Directors Education Program at the Institute of Corporate Directors in May 2011.

Stuart Smith

Mr. Stuart H.B. Smith is an Independent Trustee of the Company. Mr. Smith is currently the Chairman of EPIC Realty Partners Inc., a real estate advisory company serving the Canadian marketplace, which he formed with a partner in 2005. As Chairman, he is responsible for EPIC’s overall vision, leadership and growth strategy. Prior to forming EPIC, Mr. Smith served as the President and CEO of Oxford Properties Group, one of the Canada's largest property owners and managers, where he held progressively senior positions beginning in 1989 and led Oxford’s transition following the acquisition by Ontario Municipal Employees Retirement System (OMERS). Prior to joining Oxford, Mr. Smith was President of Shipp Corporation Limited, a real estate development and management company involved in office, retail and residential properties. He served as a Director of Look Communications Inc. from 2003 to 2010 and Yellow Media Limited from 2004 to 2011. He served as a Director of Altus Group Limited from 2005 to 2013 and also served as the Executive Chairman and Chief Executive Officer of Altus Group Limited during the period of 2011-2013. He is currently on the Board of Directors of Knowledge First Financial (formerly The International Scholarship Foundation) and was previously on the Board of Directors of Yellow Pages Group. Mr. Smith is a graduate of University of Western Ontario in Economics. As a Chartered Accountant, he has been involved in a number of accounting and professional organizations, more specifically Urban Land Institute, a member of the Chief Executives' Organization and a member of The Canadian Institute of Chartered Accountants' Innovation Council. In 2005, Mr. Smith was awarded the NAIOP-REX Award for Community Service.

Pamela Spackman

Ms. Pamela J. Spackman is an Independent Trustee of the Company. She currently serves on the board of Slate Office REIT (Chair of Governance, Compensation and Nominating Committee, and member of Audit Committee). Slate Office REIT is a TSX-listed enterprise focused on investing in office properties in Canada. Ms. Spackman is also a member of the Advisory Committee of Crestpoint Real Estate Investments Ltd. Crestpoint, is a part of the Connor, Clark and Lunn group of companies, and owns a growing portfolio of approximately $2.5 billion of commercial properties on behalf of its limited partnership investors. Pending the closing of the fund, Ms. Spackman will serve as a member of the Independent Investment Committee of the Bentall Kennedy High Yield Canadian Property Fund. This fund will invest in high yield mortgage debt and real estate equity in Canada. It is sponsored by Bentall Kennedy and Sun Life Investments Management. Ms. Spackman has previously served as Chair of the Timbercreek Mortgage Advisory Committee, from July 2008 until June 2016 (the date of amalgamation of the three TSX-listed mortgage funds for which this committee reviewed and approved all mortgage investments). She also served on the board of Gazit America Inc. from July 2009 until August 2012 (the date of its privatization and de-listing from the TSX). Ms. Spackman served as President and CEO of Column Canada Financial Corporation, a wholly owned subsidiary of Credit Suisse Group AG from July 2000 to July 2008

Basic Compensation