TRUE NORTH GROUP NEWS

Recently, True North has advised clients regarding i) managing all physical & environmental due diligence for stabilized asset purchases; and ii) diligencing new development opportunities and the associated development management platforms for each. Post closing of such transactions, True North managed client interest in such programs, sitting regularly with the operating and development partners to proactively execute underwritten capex and development programs.

The following summarize select accomplishments:

    • Multi-Family – predeveloped, developed & redeveloped 10,250+ apartment units, including
      • Canada – with Minto
      • USA – with Essex Property Trust, AMLI Residential, Avalon Bay & Cortland
    • Mixed-Use predeveloped & developed
      • Canada – 27-acre Christie Cookie site with First Capital Realty
      • USA – Pentagon Center with Kimco Realty
    • Student Housing – diligence capex & balance sheet risk
      • USA – assembled by acquisition $4.2 billion GAV, 42 property portfolio with Scion and GIC.
    • Retail – developed & redeveloped 20+ shopping centres
      • Canada – with Oxford Properties, Ivanhoe Cambridge & RioCan
      • USA – with Westfield, Kimco & Simon Property Group
      • Brazil – with Cyrela Commercial Properties and Ancar Ivanhoe
    • Industrial
      • Canada – developed 125-acres with One Properties
      • USA – developed $2+ billion of industrial logistics space on the east and west coasts of the US with Goodman; Acquired 115 million square foot, 1,100 building IndCor portfolio covering 18 markets across the United States with Global Logistics Partners and GIC; Property
      • Brazil – developed 14+ million square feet of industrial space with Global Logistics Properties and Cyrela Commercial Properties/Prologis;
    • Office
      • Canada – developed 1.5 million square feet of office in Toronto and Vancouver with Oxford Properties;
      • USA – $65 redevelopment of 10 East 53rd with SL Green. Redeveloped the American Bar Association historic building in Washington, DC with John Buck Company

From preliminary due diligence through to finally executing of each strategy, True North’s role was to underwrite risk by identifying, monitoring and problem solving. The vast majority of investments came in according to underwriting; on budget, on schedule and of high quality.

NOTEWORTHY PROJECTS DEVELOPED THROUGH THE LEADERSHIP OF TRUE NORTH GROUP

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