Board of Trustees

K. (Rai) Sahi is Chairman and Chief Executive Officer of Morguard Corporation. He is also the President and Chief Executive Officer of the Morguard REIT, Chairman and Chief Executive Officer of Morguard North American Residential REIT, Morguard Investments Limited and ClubLink Enterprises Limited.

Rai is a Certified General Accountant Fellow and has over 30 years of business experience in public and private corporations, including extensive experience in investing, financial reporting, standards, and policy covering a broad range of industries including insurance, commercial banking, manufacturing, transportation and automotive as well as real estate. Rai has received many distinctions, including the Certified General Accountants Association of Canada Fellowship Award (2009), Voice Achievement Award (Fellowship in the Indo-Canadian Community over critical enterprises, 2009) and Turnaround Entrepreneur of the Year (1994). In addition, Rai is a ranked member of numerous prestigious business listings, including ''The Top 25 Most Influential Figures in Canadian Golf'' (The National Post) and one of ''The Most Influential People in Golf'' (Golf Inc.).

Fraser R. Berrill is the President of Fragin Holdings Limited, a private investment company, and former President, Chief Executive Officer and director of Renasant Financial Partners Ltd., a financial services and technology trading organization. He has served as a director of Goldlist Properties Inc., Tri-White Corporation and several private companies and is currently the Board Chair of Vicwest Inc., formerly Vicwest Income Fund. Fraser is a member of the Law Society of Upper Canada and holds a designation of Chartered Director from McMaster University.

Michael A. J. Catford has held the position of Vice-President, Real Estate with Healthcare of Ontario Pension Plan (HOOPP) since 1996 and before that held the position of Managing Director of Drivers Jonas Canada Limited, an independent real estate advisory practice. Michael has over 25 years experience in the real estate industry.

Paul F. Cobbis a Chartered Accountant, retired from Deloitte & Touche LLP in 2011 after a career at the firm which spanned 38 years. He was Vice Chairman of the firm from 2007 until his retirement. Mr. Cobb qualified as a Chartered Accountant in 1974 and became a partner in 1983. Throughout his career he provided a wide range of audit, taxation and financial advisory services to clients predominately in the financial services, real estate and resource industries. Mr. Cobb was a member of the Deloitte Board of Directors and the Board of the Deloitte Foundation. He was a Vice Chairman of the firm from 2007 until his retirement. In 2009, Mr. Cobb completed the academic requirements for the Directors Education Program of The Institute of Corporate Directors and the Rotman School of Management.

David A. King is a corporate director and is President of DKC Holdings Ltd, a private investment company.

David has a long history in North American real estate markets, commencing in the early 1960s with Sears Canada's real estate department, including as a Senior Officer of Cambridge Shopping Centres Limited for six years and a Senior Officer and President of Campeau Corporation for 15 years. Since 1988, David has pursued various private business interests.

Edward C. Kress is Corporate Director, Brookfield Group and is a Chartered Accountant. He has 30 years of management experience with the Brookfield group of companies.

Antony K. Stephens is a corporate director and Vice Chairman of Morguard Investments Limited. He has previously served as President and Chief Executive Officer of Morguard Real Estate Investment Trust.

Antony has been associated with Morguard Investments Limited or its predecessor companies for over 35 years. He joined MEPC Canadian Properties in 1967 and Morguard Investments Limited in 1977 when it acquired MEPC.


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