Board of Trustees

Oz Pedde
Jason Underwood
Frank Bucys
Emerson Hughes
Nick Kanji
Gregory Guido

Oz Pedde
Independent Trustee
Non Executive Chairman of the Board of Trustees and Chairman of the Investment Committee

Mr. Pedde, a resident of Winnipeg, Manitoba, has over 25 years of executive management experience, including serving as President and Chief Executive Officer of Manitoba Telephone Systems. During that time, he also served as a director of numerous companies, including Telesat Canada and as one of the founding CEO members of the Stentor Alliance, a Canadian telecommunications consortium. Mr. Pedde was also a director and Chief Information Officer of RichardsonGreenshields of Canada, a privately held financial services company. From 1998 until 2000, Mr. Pedde was Chief Executive Officer of Telemetrix Inc., a company engaged in wireless technology listed on NASDAQ. Prior to that, he held the position of President and Chief Executive Officer with the Toronto-based telecommunications firm of Watson & Associates.

Since 2000, Mr. Pedde has been an actively involved board member on several early stage companies and is familiar with all aspects of creating and monitoring board activities and capital raising.

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Jason Underwood
Founder and Chief Executive Officer

Mr. Underwood´s life-long pursuit in real estate has lead to the development of Whiterock REIT. Jason´s first job out of university was with his family´s development company where he spent time as a construction manager and learning the fundamentals of accounting. From there his career path took him through real estate development, acquisitions, and finance. After gaining considerable exposure to major aspects of the real estate industry, Mr. Underwood spent a couple of years at Credit Suisse in New York in the real estate investment banking group where his practical industry knowledge was complemented with capital markets experience. Mr. Underwood then spent two years at Perry Capital in New York in their real estate private equity group where the global investment mandate of the platform opened his eyes to the opportunities in the Canadian marketplace. In 2005 Mr. Underwood moved to Toronto full-time to launch Whiterock and since that time has overseen the platform growth from a start up to what it is today.

Currently Mr. Underwood, his wife, son and dog live on a farm and enjoy the "back-to-basics" lifestyle of a small Ontario farming community.

Mr. Underwood is a graduate of Cornell University.

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Frank Bucys, C.A.
Member of the Governance and Compensation Committee and member of the Investment Committee

Frank joined Whiterock REIT as Chief Financial Officer in August, 2005 and was appointed as a Trustee on April 29, 2011. Prior to joining Whiterock REIT, Frank was Chief Financial Officer at First Capital Realty Inc. where he oversaw public reporting, corporate governance, investor relations, corporate banking, cash management and taxation in a high growth environment. He was responsible for $160 million of corporate debt refinancing during a period of significant growth through acquisition. During his three years at First Capital its public float increased over 700% to $150 million, equity market capitalization increased to $500 million and leverage was reduced from 88% to 66% while still growing cash flow per share. Shareholders' returns totaled over 100%.

Frank has also served in senior positions at O&Y Properties Corporation and Tridel Corporation and has over 25 years of Canadian real estate experience.

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Emerson Hughes
Independent Trustee
Chairman of the Governance and Compensation Committee and member of the Audit Committee

Emerson Hughes is President of GAAP Executive Search, a senior executive retained search company he founded twenty five years ago, based in Montreal, Quebec. The company recruits senior management personnel for a number of Canada's large blue-chip companies.

Mr. Hughes is also the co-founder of Nutrimed, and is co-founder of Nutritek, a software development company that manages the dietary function in acute-care hospitals. In addition, Mr. Hughes founded Sumaco, a company specializing in the sale of duty-free merchandise to international airlines worldwide; this successful venture was later sold as a consequence of the European Economic Union and the potential contraction of the duty-free industry. Mr. Hughes was also a founding partner/investor of Healthway Medical Services, a company providing an array of para-medical services to the health care and retail industries in the U.S.; this business was subsequently sold to Superior Health Care. Mr. Hughes was also a founding partner/investor in Profile Evaluation Systems, a U.K. company specializing in the sale of computerized psychometric testing, sold to major British corporations. Mr. Hughes is also a founding shareholder/investor in Impact Hockey, a full-service professional sports agency business headquartered in Boston. The company has additional offices in Toronto, Ontario and Montreal, Quebec.

Mr. Hughes is a graduate of McGill University.

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Nick Kanji
Independent Trustee
Chairman of the Audit Committee and member of the Investment Committee

Mr. Kanji has over 25 years of executive management experience in the real estate industry. He currently serves as President of Sutter Hill Development Corporation, a family owned, Toronto based real estate investment and management company specializing in value creation and repositioning of commercial real estate projects. Prior to this, he served as Vice President of Genstar Commercial Developments and Alexis Nihon Developments. Mr. Kanji is a Director of the Princess Margaret Hospital Foundation and a member of the Board of Governors of Junior Achievement of Central Ontario. He has previously volunteered as Chairman of Seneca College Foundation and Focus Humanitarian Assistance Canada and has held leadership positions in a number of other charitable organizations. Mr. Kanji is a Fellow of the Institute of Chartered Accountants in England and Wales.

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Gregory M. Guido
Independent Trustee
Member of the Governance and Compensation Committee and Investment Committee

Mr. Guido is a consultant for Centro Properties Group providing valuation and asset management expertise for the company's $9.5 billion U.S. property portfolio. Prior to Centro, Mr. Guido was a vice president of acquisitions at Antares Investment Partners where he was responsible for sourcing, evaluating, underwriting, negotiating, and structuring investments in all major real estate asset classes. In addition, he managed the firm's due diligence and market research efforts for all new deals and assisted in sourcing new debt and equity. Before Antares, Mr. Guido worked at The Praedium Group, Liquid Realty Partners, SBC Warburg (now Union Bank of Switzerland), Donaldson, Lufkin & Jenrette and at Credit Suisse First Boston. Mr. Guido is a member of the Investment Committee, Audit Committee, and Compensation and Corporate Governance Committee. Further, he is involved with several non-profits, Terra Resource Development International, and he holds a real estate salesperson license in the State of New York.

Mr. Guido earned a B.A. in Economics from Middlebury College and an M.B.A. from Harvard Business School. He resides in Manhattan.

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