Investor Presentaiton

4.0 SIGNIFICANT FUTURE DENSITY PIPELINE Total development inventory of 25m sf Included IFRS values are: Future incremental 7.8m sf; value of $593m 1071 King St West Toronto, ON Yonge & Roselawn Toronto, ON density Properties under 194k sf; value of $82m construction Residential inventory 365k sf; value of $193m 2150 Lake Shore Blvd W Toronto, ON First Capital 22 22

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