Investor Presentaiton

• • 7 REVERA JV PROJECTS Total of 1,565 units across all 7 properties 6% -7.5% yield expected once stabilized Newly announced projects:* • Barrie • Oakville - downtown • Markham Toronto - Bathurst & Wilson (PPI owned property) Previously announced JVs: . Vaughan (x2) • Oakville * in due diligence SMARTCENTRES REIT | Q4 2019 INVESTOR PRESENTATION revera 645 Partnership Update 꽃 19

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