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INFRASTRUCTURE PRIVATE EQUITY REAL ESTATE

Leading investor, developer and asset manager. Trusted partner.

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FENGATE | Real Estate


The Fengate advantage Fengate is a leading alternative investment manager focused on infrastructure, private equity and real estate strategies. With offices in Toronto and Oakville, Ontario, and Houston, Texas, Fengate has a proven track record of successful projects and results-driven partnerships, establishing the firm as one of the most active real asset and growth equity investors in North America. The firm has been recognized as one of “Canada’s Best Managed Companies” since 2007.

Highlights

175+

Executed Transactions

20+

$

75+ 2

FENGATE | Real Estate

5.3

$

billion

Total Asset Value

Real Estate Properties and Investments

billion

Total Equity Commitments

175+ Professionals


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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 40 real estate professionals with decades of experience from across the industry, enabling us to offer our clients a comprehensive and integrated platform providing best-in-class asset and investment management along with robust development capabilities. We are focused on delivering exceptional valueadd 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.

$9B+

Completed Value of Portfolio

$4B+

Value Under Development

15

Current Development Projects

10,000

New Units Over Ten Years

$3.7B

Development Track Record

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FENGATE | Real Estate


Fengate Oakville Office 2275 Upper Middle Road East, Oakville

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INVESTMENT

STRATEGY 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 retirement living, hospitality, and luxury resort community sectors.

Core •

Invest and manage portfolio of stabilized income-producing properties with long-term, stable cashflows.

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

Opportunistic

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

Enhances returns and provides flexibility in large residential developments.

FENGATE | Real Estate


Oakwest Corporate Center 567 Michigan Drive, Oakville

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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 office, retail industrial, multi-family, student housing, and retirement communities 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; purpose-built, transit-oriented rental housing needs; student housing needs; and the critical importance of progressive environmental and social impact with investments.

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FENGATE | Real Estate


Seasons Retirement Communities Multiple locations across Ontario and Alberta, Canada

Fengate’s Mission Statement: we deliver excellent investment results and fulfill lives through the impact of our work. 9


IN-HOUSE

ASSET MANAGEMENT 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 75 real estate properties and investments, to date, with a project value of more than $9 billion, of which $7.3 billion is under active development or undergoing stabilization. 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.

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FENGATE | Real Estate


Concorde Gate 1 Concorde Gate, Toronto, Ontario

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YOUR KEY

REAL ESTATE CONTACTS

The Fengate Real Estate team comprises more than 40 experienced and driven professionals with deep expertise across our investment, development, leasing, asset management, operations and finance divisions. The vertical integration of our team enhances our ability to source, structure and manage high quality projects across a range of asset classes.

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FENGATE | Real Estate


Jaime McKenna

Managing Director, Group Head of Real Estate

Managing Director, Head of Real Estate Investments

John Bartkiw

Colin Catherwood Senior Vice President, Investments

Senior Vice President, Leasing and Asset Management

Andrew Konev

Dinesh Ramanathan

Anthony Staffieri

Louis Serafini Sr.

Janine Dobson

Rachna Morgado

Jakub Orzechowski

Senior Vice President, Development

Director, Leasing

Vice President, Legal

Director, Property Management

Vice President, Real Estate

Scott Caverley

Founder of Fengate, Director, Real Estate

Director, Development

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FENGATE | Real Estate

WALMART DISTRIBUTION CENTER

DEVELOPMENT | Vaughan, Ontario


Fengate manages an investment of 70.5 acres of land in Vaughan, Ontario, which has been leased to Walmart Canada for a stateof-the-art distribution centre that will set a new industry standard. As part of the 30-year lease with Walmart, the co-owners will build the 82-foot clear height facility incorporating next-generation technology, with Walmart providing the internal automation systems. Construction is now underway for the new 550,000 SF facility located at Jane St. and Teston Road and the centre will be operational in 2024. It will handle the highest volume of any Canadian Walmart facility with over 70 million cases of products from over 3,000 suppliers annually, providing omnichannel capability to supply both the store and e-commerce networks.

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FENGATE | Real Estate

GREYSTONE VILLAGE PURPOSE-BUILT RENTAL

DEVELOPMENT | Ottawa, Ontario


Fengate has partnered with Regional Group to develop purpose-built rental apartments in Ottawa, a high-need housing option in the region. The two buildings will be located at the entrance to Regional Group’s masterplanned waterfront community, Greystone Village, and will provide ground retail and 245 units of high-quality rental housing. When complete, Regional Group will be managing the properties on behalf of the investors. Building amenities will include roof-top terraces with gardens and dog areas, fitness facilities, state-of-the-art building security and mail rooms, underground vehicle and bike parking, storage, and gathering areas. Greystone Village is Regional Group’s LEED® ND master-planned community of over 1,000 homes. It is located between the Rideau Canal and Rideau River, and is within walking distance to trails, parks, the new Ottawa LRT (Lees Station), and Lansdowne Park.

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FENGATE | Real Estate

MIRABELLA CONDOS

DEVELOPMENT | Toronto, Ontario


Fengate is the majority equity investor in 1926 Lakeshore Ave. West, marketed as the Mirabella, a $425 million residential development in Toronto’s west end, featuring excellent access to transit and Lake Ontario, and views over High Park, the city’s largest greenspace. The two 38-storey luxury condominium towers are built in partnership with Diamante, a renowned developer, and will feature over 700 units over two phases including premium amenities, retail space and more than 700 parking stalls. Toronto is the largest city in Canada and demand for this location and luxury is high.

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FENGATE | Real Estate

TIPPETT ROAD PURPOSE-BUILT RENTAL

DEVELOPMENT | Toronto, Ontario


Fengate partnered with Shiplake Properties and Collecdev Inc., highly reputable residential developers and community builders, to develop two new high-density residential properties in Toronto. The combined residential complex offers a mix of condominium and purpose-built rental apartments, each with a component contributing to Toronto’s Open Door Affordable Housing Program that was established to accelerate affordable housing construction.

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FENGATE | Real Estate

175 WYNFORD DRIVE MIXED-USE

DEVELOPMENT | Oakville, Ontario


In early 2020, Fengate and Freed Developments partnered in a joint acquisition of a significant 5.4-acre, transit-oriented and mixed-use site with development entitlements in Toronto. The site is conveniently located at the intersection of the Don Valley Parkway (DVP) and Eglinton Avenue East, with direct pedestrian access to the Eglinton Crosstown LRT, which is scheduled for completion in 2021 and will provide efficient access to the downtown core and surrounding areas via connections to the Toronto Transit Commission and GO Transit system. The site provides vehicular access to Highway 401, the DVP and Gardiner Expressway. Development planning includes a new hotel, numerous high-rise multi-residential buildings adjacent to the hotel, retail and commercial space, dedicated indoor community space, expanded access to green space, and transit/pedestrian-oriented design.

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FENGATE | Real Estate

1213 INTERNATIONAL BLVD INDUSTRIAL

DEVELOPMENT | Burlington, Ontario


1213 International Boulevard comprises 11.24 acres in Burlington, Ontario. Located in an established business park, the site offers quick access to key amenities as well as Highway 403 and QEW interchanges and is accessible by public transit. Fengate is developing the Bronte Creek Corporate Centre onsite, a newly built, modern 229,000 SF warehouse facility featuring a 36’ clear height with high door ratio and LED lighting. The facility will provide an efficient building configuration for a racked warehouse environment and the ability to divide down to approximately 70,000 SF or larger configurations. This highly-functional and efficient construction will come to market in Q2 2022.

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FENGATE | Real Estate

PURPOSE-BUILT RENTAL

LOCUST AVENUE

DEVELOPMENT | Toronto, Ontario


In late 2020, Fengate made an 100% acquisition of a six-parcel land assembly in downtown Toronto and will develop a purpose-built rental building, featuring approximately 350 residential units. This is a transitioning urban community, and the development will be adjacent to a new transit hub and expanding amenities. Fengate’s forthcoming development will help meet the critical need for purpose-built rental supply in Toronto as home ownership costs throughout the urban core and Southern Ontario continue to expand.

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FENGATE | Real Estate

HOTEL AND CASINO

VIRGIN HOTELS

DEVELOPMENT | Las Vegas, Nevada


Virgin Hotels Las Vegas is a completely reimagined and revitalized casino resort, replacing the Hard Rock Hotel and Casino which was acquired by Fengate, on behalf of the LiUNA Pension Fund of Central and Eastern Canada, and partners in March 2018. Officially open to the public on March 25, 2021, Virgin Hotels Las Vegas delivers a oneof-a-kind integrated resort experience with 1,500 chambers and suites; the 60,000 SF Mohegan Sun Casino which is the first Native American casino in the Las Vegas Strip area; a five-acre desert pool oasis including a multi-functional event lawn; an exclusive portfolio of twelve food and beverage venues, and signature Virgin Hotels restaurants and bars including The Kitchen at Commons Club, The Bar at Commons Club, The Shag Room and Funny Library Coffee Shop.

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FENGATE | Real Estate

THE TAUNTON DIVESTED DEVELOPMENT

REALIZED INVESTMENT | Oakville, Ontario


Fengate was the majority equity investor in the Taunton Apartments, a twelve-storey $114 million residential development in uptown Oakville, Ontario. The Taunton was designed to address the wide gap in the region for luxury purpose-built rentals, with 286 sophisticated multifamily units complete with top tier amenities and 13,000 SF of ground floor retail and services. The development is within walking distance to the heart of downtown, transit options, parks and walking trails. This asset was sold in early 2020.

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FENGATE | Real Estate

FRIDAY HARBOUR

DEVELOPMENT | Innisfil, Ontario


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 SF of retail.

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*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. © 2019-2021 Serafini Holdings Corporation. All rights reserved. Designed and produced by Fengate. 2021.09.08

Toronto | Houston | Oakville info@fengate.com

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FENGATE | Real Estate

Profile for Fengate

Fengate Real Estate Overview  

Fengate Real Estate Overview  

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