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Best-in-class Board of Trustees

The Board of Trustees is committed to the highest standards of governance. Its members provide sound guidance to management as it pursues PROREIT’s strategic objectives and to ensure its long-term success.

 

John Levitt

Independent Trustee and Chair of the Board

John Levitt is a partner at Edev Real Estate Advisors, a multi-faceted real estate consulting company, since 2005. From 2010 to 2012, he served as an independent trustee for CANMARC Real Estate Investment Trust, where he sat on several committees, including the Audit Committee, the Governance and Nominating Committee, and the Investment Committee. From 1997 to 2005, Mr. Levitt was a member of the senior management team of O&Y Properties Corporation with responsibility for acquisitions and development programs, which grew from an asset base of $250 million to over $2 billion within a period of eight years.

Investment Committee (Member)

Governance and Compensation Committee (Member)

Nominating Committee (Member)

Peter Aghar

Trustee

Peter Aghar is President of Crux Capital Corporation, a real estate investor, developer and venture capital investor active across Canada. Since 2013, Crux and its partners have purchased over 3 million square feet of commercial property and have participated in over 1 million square feet of development. Mr. Aghar was a founding partner of KingSett Capital, where he also served as president and chief investment officer. He has been responsible for over 100 real estate transactions across the globe, with a total value of over $10 billion. Mr. Aghar sits on several public and private-company boards and is a member of the Young Presidents’ Organization.

Vincent Chiara

Independent Trustee

Vincent Chiara is President and sole owner of Group Mach Inc., a key player in the Quebec real estate sector. Before joining Mach, he practiced as a lawyer specializing in real estate transactions and corporate litigation for 15 years. Mach and its affiliates hold significant investments representing over 6.5 million square feet of office buildings in Montreal and throughout Quebec, including the Stock Exchange Tower, the CIBC Tower, the Sun Life Building and the University Complex. Mach has built, developed and owns shopping centres in the Montreal region with a leasable area of over 1.5 million square feet. In addition to office and commercial spaces, Mach owns 7 million square feet of industrial space, residential and development properties, and land for development.

Investment Committee (Member)

Martin Côté

Independent Trustee

Martin Coté is a founder and managing member of Bluenose AC Investments Inc., an investment vehicle formed to invest in real estate in Canada and United States. Bluenose is the exclusive investment manager and partner of BXR Group in Canada, a private equity fund based out of Europe. Prior to founding Bluenose, Mr. Coté worked for RPG Real Estate, a division of BXR Group in the Czech Republic, where he oversaw the management and development of a 12,000-acre land portfolio. Prior to working at RPG Real Estate, Mr. Coté was chief executive officer of Tower Group.

Audit Committee (Member)

Shenoor Jadavji

Trustee

Shenoor Jadavji is president of Lotus Capital Corp, which she founded in 1995. Mrs. Jadavji is responsible for setting Lotus Capital’s strategic direction and overseeing asset acquisition, disposition and management, as well as capital sourcing activities. Since its founding, Lotus Capital has acquired, developed, managed and sold over $1 billion in industrial, office, retail, hotel and multi-family residential real estate properties. Most recently, Mrs. Jadavji led the company’s strategic industrial portfolio initiative, acquiring and repositioning over 3.5 million square feet of industrial properties across Western and Central Canada. Lotus Capital’s private equity partners include high-net-worth and institutional investors KingSett Capital, LaSalle Investment Management and GE Capital.

Investment Committee (Member)

Gérard A. Limoges, CM, FCPA, FCA, Adm.A

Independent Trustee

Gérard A. Limoges spent his nearly 40-year career with Ernst & Young Canada, retiring in 1999. During his tenure with EY, he held a number of executive level positions including that of deputy chairman. His vast experience covers the fields of accounting, audit, and mergers and acquisitions for clients in a wide range of industries. Mr. Limoges sits on the boards of both public and private companies, as well as not-for-profit organizations. From 2010 to 2012, he was an independent trustee of CANMARC Real Estate Investment trust. Mr. Limoges served on several committees during his time with CANMARC, including the Audit Committee (as Chairman), the Governance and Nominating Committee, and the Compensation Committee. Mr. Limoges received the Order of Canada in 2002.

Audit Committee (Member)

Governance and Compensation Committee (Member)

Nominating Committee (Member)

Ronald E. Smith, FCPA, FCA, ICD.D

Independent Trustee

Ronald E. Smith is Chair of the Nova Scotia Public Superannuation Plan and a member of the board of Alamos Gold Inc., a dual-listed company (NYSE/TSX). He also serves on various not-for-profit boards and committees, including the Acadia University Board of Governors and the National Board of The Arthritis Society. Over the last 30 years, Mr. Smith has served on the boards and audit committees of six Canadian publicly-listed companies, including Canada Pension Plan Investment Board. During his career, he has held several executive roles, with public companies as well as in consulting firms, where he specialized in financial recovery and insolvency, both in real estate and a variety of other industries.

Governance and Compensation (Member)

Nominating Committee (Member)

Audit Committee (Member)

Investment Committee (Member)

James W. Beckerleg

Trustee, President and Chief Executive Officer

James W. Beckerleg is President and Chief Executive Officer of PROREIT, which he co-founded in 2013 with Gordon Lawlor. He is also a Trustee.

Prior to founding PROREIT, Mr. Beckerleg was president and CEO of CANMARC Real Estate Investment Trust, a publicly-traded REIT with a diversified national portfolio of commercial properties. He also served as a consulting executive for a large a private international real estate investment and management company. Mr. Beckerleg has decades of executive leadership experience in real estate, corporate finance, mergers and acquisitions, and has served as an executive and director of several publicly-traded companies, including in the real estate sector.

Mr. Beckerleg has a Bachelor of Science in Mathematics from McGill University (Montreal, Quebec) and an MBA from Concordia University (Montreal, Quebec).

Investment Committee (Chair)

Corporate Governance Documents

Position Descriptions for the Chair of the Board of Trustees and the Chair of Each Board Committee

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Charter of the Board of Trustees

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Majority Voting Policy

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Amended and Restated Declaration of Trust

This document is available for downloading.

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