Fengate Real Estate Overview

FENGATE REAL ESTATE

Leading investor, developer and asset manager. Trusted partner.

ABOUT FENGATE

Fengate is a leading alternative investment manager focused on real estate, infrastructure, and private equity strategies.

With offices in Canada and the United States, Fengate is one of the most active real asset and growth equity investors in North America.

FENGATE REAL ESTATE

Since 1974, and with 20 years of experience managing institutional/pension plan capital, Fengate Real Estate has been successfully developing and managing real estate assets across multiple asset classes and the risk-return spectrum.

Our multi-disciplinary team is comprised of more than 80 real estate professionals with decades of experience from across the industry, enabling us to offer our clients a comprehensive and integrated platform with best-in-class asset and investment management along with robust development capabilities.

We are focused on delivering exceptional value-add to our investors through our disciplined approach to sourcing, developing and managing unique opportunities in the following strategies: Land Entitlement, Build-to-Core, Core, and Opportunistic. We manage transactions on behalf of our clients through the entire lifecycle of real estate; from land entitlement, development and stabilization to ongoing asset management.

$15B+ Completed value of portfolio

80+ Professionals

100+ Real estate properties and investments

25,000+ Residential pipeline

INVESTMENT STRATEGIES

Land Entitlement

Acquire land, existing buildings or land assemblies to entitle or change entitlements.

Focused on both industrial and residential.

Build-to-Core

Develop high-quality assets to hold as long-term, income-producing properties.

Our successful track record includes apartments, retirement, hospitality and industrial assets.

Core Invest and manage portfolio of stabilized income-producing properties with longterm, stable cashflows.

Includes both commercial and residential asset classes, specifically industrial, office, retail and purpose-built residential.

Opportunistic

Development or intensification of self-liquidating real estate assets (e.g., condominiums).

Enhances returns and provides flexibility in large residential developments.

IMPACT INVESTING

At Fengate, we understand that growing our communities is fundamental. Our commitment to environmental sustainability, social responsibility and corporate governance defines great stewardship across our firm, our stakeholders and their property investments, and the communities we work in, creating the foundation for better informed decisions for the long-term horizon.

Our portfolio across apartments, condominiums, student housing, office, industrial, retirement communities, and hospitality assets reflects this commitment.

The Fengate Real Estate team understands our work is about not only buildings and land, but about people, neighbourhoods, vibrant communities, and sustainability. Through our integrated investment platform and in close alignment with our investors, we work hard to address and bring our vision to senior housing needs; purposebuilt, transit-oriented rental housing needs; student housing needs; and the critical importance of progressive environmental and social impact with investments.

Fengate Real Estate ESG Report

INTEGRATED REAL ESTATE PLATFORM

Through our comprehensive and integrated platform, the Fengate Real Estate team manages transactions through the entire lifecycle of real estate; from land entitlement, development and stabilization to ongoing active asset management.

Once an asset is stabilized, our in-house asset management team is focused on proactive leasing, detailed performance tracking, and determination of the highest and best use strategies. On an ongoing basis, the Fengate Real Estate team is strategically reviewing the management of revenue and expenses of the real estate portfolio, analyzing performance, and identifying opportunities for growth.

Fengate has managed more than 100 real estate properties and investments, to date, with a project value of more than $15 billion. Our ability to manage real estate investments from land entitlement and development to ongoing asset management, and the longevity and depth of the Fengate Real Estate team’s experience, have resulted in our long history of delivering excellent investment results.

Jaime McKenna

Justin Chung

Colin Catherwood

John-Bosco

Rachna Morgado

Scott Caverley

Dinesh Ramanathan

We are a dedicated team of real estate professionals with extensive experience and deep expertise across multiple asset classes.

Matthew Timbrell Vice President, Investments and Capital Formation

Janine Dobson Associate Vice President, Leasing

Corina Sajewski Director, Development

Zach Greenberg Associate Vice President, Real Estate Investments

Sylvia Augello Senior Manager, Leasing

Samir Kanji Associate Vice President, Financial Planning and Analysis

Jake Boyack Associate Vice President, Finance

Alex Gibson Associate Vice President, Finance

Justin Persaud Senior Manager of Debt, Real Estate

Mark Sim Director, Development

Tyler Yen Vice President, Investments

RAIL DECK DISTRICT

TORONTO, ONTARIO MIXED-USE DEVELOPMENT

Rail Deck District is a visionary project to transform a major physical and visual barrier in the City’s fabric into a new mixed-use community above the rail corridor in the heart of Downtown Toronto. The proposed community seeks to deliver high rise residential, affordable housing, open greenspace, retail, entertainment, and community venues, while retaining the potential for a generous public park in the City. The site would sit above the rail corridor south of Front Street and between Bathurst Street and Blue Jays Way, and would be precedent-setting in Canada, in terms of the size of the community efficiently created in previously unused space above rail corridor lands.

CONCORDE CORPORATE CENTRE

TORONTO, ONTARIO MIXED-USE DEVELOPMENT

1-3 Concorde Gate and 10-12 Concorde Place is a new, mixed-use development representing a fantastic opportunity to build new homes in Toronto’s Don Valley East area. The proposed community includes over 4,000 homes as well as public and commercial spaces on the 7.7-acre site, which is currently occupied by three office towers. Upon completion of the Eglinton Crosstown LRT and the proposed Ontario Line, future residents will have convenient access to the rest of the Greater Toronto Area via the GO Transit and Toronto Transit Commission networks. The property is further enhanced by its proximity to numerous urban amenities and ample greenspace. This proposal strives to add an exciting new dimension to the Don Valley East community, connecting residents to school, work, leisure, and nearby transit links to the downtown core and the Greater Toronto Area.

NATASHA THE RESIDENCES

TORONTO, ONTARIO RESIDENTIAL DEVELOPMENT

Located at 263 Adelaide Street West in the heart of Toronto’s Cultural District, the new 47-storey high-rise will live in the southeast corner of the John Street intersection. Fengate is partnered with Lanterra Developments for this project which is set to soar atop the historic Purman building, maintaining the original structure built in 1915 as the base five floors. Designed by BDP Quadrangle, the architecture will be defined by soft curves reflective of a feminine silhouette on the south side while architectural panelling will give the north side a sleek masculine look, evoking the aesthetic of a luxury timepiece. Extraordinary interiors and amenities designed by Alessandro Munge of Studio Munge will exude a chic, sophisticated, and iconic all-black-everything style. This includes innovative social spaces like a media content creation studio, community pizza kitchen, and concert piano room.

350 HUNTER’S VALLEY ROAD

VAUGHAN, ONTARIO INDUSTRIAL DEVELOPMENT

350 Hunter’s Valley Road is a best-in-class 418,000-square-foot logistics campus, offering two state-of-the-art warehousing buildings with a shared trucking court. Located at Highway 50 and Langstaff Road, this campus offers tenants ease of access across the GTA with proximity to 400 series highways, excellent labour demographics and speed-to-market efficiency. 350 Hunter’s Valley Road is uniquely located within Vaughan’s Enterprise Zone (VEZ), a vast business area with significant goods-movement infrastructure, including convenient access to Canadian Pacific’s largest intermodal terminal.

BRONTE CREEK CORPORATE CENTRE

BURLINGTON, ONTARIO INDUSTRIAL INCOME PROPERTY

1213 International Boulevard is a state-of-the-art warehouse facility delivering 230,000 square feet of new generation industrial space to Burlington, Ontario. The property features a 36-foot clear height, high door ratio, LED lighting, and strong curb appeal.

Bronte Creek Corporate Centre has an efficient building configuration for a racked warehouse environment and the ability to divide down to approximately 70,000 SF or larger configurations.

Bronte Creek Corporate Centre is located in one of GTA West’s premier business districts, amid an established corporate community with convenient access to a number of retail amenities on Dundas Street West. Just a few minutes away from the QEW and Highways 403/407, this property offers outstanding connectivity to the GTA and other Southern Ontario markets, as well as to the United States border in Windsor and Niagara Falls.

2265-2275 UPPER MIDDLE ROAD EAST

OAKVILLE, ONTARIO OFFICE INCOME PROPERTY

2265 and 2275 Upper Middle Road East are modern, Class A buildings located in an established office node in Oakville, Ontario. With an abundance of amenities nearby, the buildings remain attractive to national and international tenants looking to locate their corporate home outside of the downtown core. On behalf of our investors, Fengate’s property management team structured an ESG-focused program that has earned the buildings the BOMA BEST Gold and WiredScore Silver certifications. The property was also awarded the International BOMA for The Outstanding Building of Year (TOBY) in the Suburban Office Park – Mid Rise category in 2023.

FRIDAY HARBOUR

INNISFIL, ONTARIO HOSPITALITY

Fengate joined the founding partners behind Friday Harbour Resort as a strategic financial partner in this high-profile project. Friday Harbour is Canada’s award-winning mixed-use development located on the shores of Lake Simcoe. Designed as a luxury resort community, it has become a leading destination for people seeking to combine the beauty of lakeside living with the service of an all-season waterfront resort and the amenities of an urban community. Spread over 600 acres, the project includes North America’s largest inland marina, 3,000 residential units including a luxury hotel, the Nest golf course, beach club, a 200-acre nature preserve and more than 46,000 square feet of retail.

SEASONS RETIREMENT COMMUNITIES

LOCATIONS ACROSS CANADA RETIREMENT COMMUNITIES

Established in 2009 by Fengate, Seasons is a Canadian company that owns and operates retirement communities in Ontario and Alberta. Seasons’ management team has extensive experience in the senior housing sector and has developed a culture that provides residents with superior customer service. The Seasons differentiator is a complete focus on understanding residents and ensuring they know they are surrounded by people who genuinely care, resulting in a stellar reputation. With more than 20 operating properties and new developments underway, Seasons is working hard to bridge the gap in Canada between aging populations and the growing need for seniors housing.

VOGUE RESIDENCES

WATERLOO, ONTARIO

PURPOSE-BUILT RENTAL INCOME PROPERTY

Vogue Residences, located in the dynamic urban centre of Waterloo, is a 21-storey purpose-built rental building that offers residents the most coveted qualities in contemporary urban living. The property is exceptionally located steps away from the LRT, top universities, the vibrant dining, retail and entertainment landscape of Uptown Waterloo, and picturesque Waterloo Park. With superior amenities throughout the building, residents enjoy features that expand beyond most apartment seekers expectations: from dedicated study rooms, a well-equipped fitness centre, an expansive outdoor terrace, electric vehicle charging stations and much more. And for days that call for rest and relaxation, Vogue residents can find comfort amidst the exemplary interiors and forward-thinking design embodied within their stylish and contemporary suites.

MILIEU AND BALLANTYNE

OTTAWA, ONTARIO

PURPOSE-BUILT RENTAL INCOME PROPERTIES

Milieu Modern Apartments and Ballantyne Luxury Apartments are adjacent mid-rise, purpose-built rental buildings in Greystone Village, a mixed-use, master-planned community nestled between the Rideau River and Rideau Canal. In 2019, Fengate partnered with Regional Group to deliver 235 new homes across the two buildings to the Ottawa rental market. Milieu and Ballantyne are ideally located in Old Ottawa East, minutes away from restaurants, retail, sporting venues, cultural centres, and downtown.

Residents enjoy an abundance of amenities including rooftop terraces, lounge areas, a shared fitness studio, pet wash station and much more. The suites are equipped with modern smart home technology and feature upscale contemporary finishes including quartz countertops in kitchen and baths, luxury vinyl wood grain flooring, and energy efficient appliances.

*All values presented in this brochure are in Canadian dollars. “Fengate” refers to the Fengate group of companies which is comprised of Fengate Capital Management Ltd., its affiliated entities and the funds or other investment vehicles that they manage. Fengate has produced this information brochure (the “brochure”) for informational purposes only. The information contained in the brochure (the “Information”) is believed to be accurate at the time of publication of the brochure; however, Fengate does not guarantee or warrant or make any representations concerning the quality, suitability, accuracy completeness or timeliness of the information contained in the brochure.

This brochure and the information contained within it does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. In no event will Fengate be liable to any party for any claim or any direct, indirect, exemplary, incidental, punitive, special or other consequential damages arising out of information available in the brochure. Fengate is a trade name of Fengate Corporation. All other trade names, trademarks, service marks or logos found in this brochure are owned by their respective owners.

© 2024 Serafini Holdings Corporation. All rights reserved. Designed and produced by Fengate. 2024.02.22

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