• Market oriented and opportunistic approach

• Overweight fastest growing markets in Canada – specifically the West and suburban areas
   of the GTA and Ottawa

• Balance market exposure and cycle volatility by investing in various asset types including
   industrial, office, residential, retail and land development

• Maximize project earnings by taking projects through the development cycle

• Blend land, development and income property investments to maximize growth, and hedge
   against down cycles

• Conservative use of debt (currently 33%)

• Capture the portfolio value of our activities by aggregating like kind properties through
   appropriate structures and strategic partnerships

• Maintain multiple exit strategies to maximize return and flexibility

• Build on relationships and develop programmatic platforms by asset type