Investor Presentaiton

VAUGHAN NW • • • • • 1.7 million sf. of potential JV with Fieldgate for 230- 300 freehold townhouses. Construction to begin in 2020, possession in 2021/2022 JV with SmartStop for a self-storage facility JV with Revera for two towers - seniors' apartments and retirement residences First two condos planned for 12 & 16 stories, 248 units In process of obtaining approvals on remaining 6 acres to add 800,000 sf. of mixed-use density SMARTCENTRES REIT | Q4 2019 INVESTOR PRESENTATION THE VISION HWY 400 KN WESTON RD MAJOR MACKENZIE DR W HWY 407 MACKENZIE VAUGHAN HOSPITAL 32

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