Committed to accountability, transparency and long-term shareholder value.

Chair of the Board

Michael Stein is the founder, Chairman and CEO of the MPI Group of companies, a property development and investment group with a track record of incubating, investing in, and managing successful companies. Mr. Stein was a co-founder and Chairman of OPENLANE, until the sale of the company. In 1995, Mr. Stein initiated and planned the formation of Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, assembling the founding management team through to CAPREIT’s formation in 1996 and listing on the TSX in 1997. Mr. Stein served as the founding chief executive officer until management of CAPREIT was internalized in 1999, and served as Executive Chair of CAPREIT until 2005 and as Chairman until June 2022. Mr. Stein also initiated the strategic transaction that resulted in the emergence of ERES as the focus of CAPREIT’s European activity, and served as the Chairman of the board of trustees of ERES (TSXV/ERE) until March 2023. Mr. Stein is a past director of First Service Corporation (TSX/NSQ) and McEwen Mining Inc. (TSX/NYSE) . Between 1978 and 1987, Mr. Stein held progressively senior positions, ultimately holding the position of Executive Vice President responsible for operations, with The Mortgage Insurance Co. of Canada. Mr. Stein is a graduate engineer and holds a Masters of Business Administration in finance and international business from Columbia University in New York.

Director

Clive is Co-Founder and Chief Executive Officer of Propel. Clive brings with him a long and successful history of building successful, innovative tech businesses powered by collaborative and dynamic teams. Prior to starting Propel, Clive was Co-Founder and President of OPENLANE, one of the first B2B online exchange for used vehicles, which under his guidance and leadership disrupted the traditional brick and mortar automotive auto auction model, and transformed the industry. OPENLANE was sold to ADESA, a major subsidiary of KAR Auction Services (NYSE:KAR), in 2011. Prior to that, Clive worked for NSA Investments, the largest publicly traded private equity company in South Africa. Clive sits on several Boards including the Online Lender’s Alliance (OLA), the main industry body representing the fast-growing online lending industry. Clive is qualified as a South African Chartered Accountant and completed his articles at Arthur Andersen. He also holds a BComm, BAcc from the University of Witwatersrand in South Africa.

Director

Peter Monaco is Managing Director and member of the Management Committee at Raptor Group Holdings, a diversified investment holding company. Prior to joining Raptor Group Holdings, he was a Partner and Managing Director at Tudor Investment Corporation. Mr. Monaco is a 1986 graduate of Harvard College and active in a number of non-profits.

Chair of the Board

Poonam Puri is a tenured Professor of Law at Osgoode Hall Law School and a corporate lawyer and Affiliated Scholar at Davies Ward Phillips & Vineberg LLP. Ms. Puri is an internationally recognized expert in corporate governance and has extensive board experience in real estate, engineering, transportation infrastructure and healthcare, including as a past director of CAPREIT, Greater Toronto Airports Authority, Arizona Mining and as a former commissioner of the Ontario Securities Commission. She currently serves on the boards of Colliers, DRI Healthcare Trust, Solaris Resources and Augusta Gold, as well as the Canada Infrastructure Bank. She also serves as Chair of the Board of Trustees of Holland Bloorview Kids Rehabilitation Hospital in Toronto. Ms. Puri has been recognized as one of the top 25 most influential lawyers in Canada by Canadian Lawyer Magazine in 2017 and 2015 and is a former recipient of Canada’s Top 40 under 40 award and Canada’s Most Powerful Women: Top 100 Award. In 2022, Ms. Puri was awarded the Peter Day Governance Achievement Award, and in 2021 she was awarded the Royal Society of Canada’s Yvan Allaire Medal for exemplary contributions to the governance of public and private institutions in Canada, in addition to the Law Society Medal and the David Walter Mundell Medal. Ms. Puri holds a Masters in Law from Harvard University, a Bachelor of Laws from the University of Toronto and the Institute of Corporate Directors, Institute-Certified Director Designation, ICD.D.

Director

Mr. Greenwade is a retired banking executive of 36 years residing in Conroe, Texas, USA. During his career he spent 14 years with Bank of America, 11 years with Wells Fargo, and 11 years with Green Bank. His position with Green Bank (a Houston based commercial bank) was President / CEO from April 2008 to May 2019 until the bank merged with Dallas based Veritex Bank. Highlights of his tenor at Green Bank included growing the bank from $200 million in assets to over $4 billion in assets primarily focusing on commercial lending activities in Texas. During his 11 year tenor the bank was active with private equity capital, an IPO in August, 2014 and also in mergers and acquisitions of competitor banks. His duties at Bank of America and Wells Fargo were primarily focused on commercial lending, retail banking, and regional management. Mr. Greenwade has a BBA in Finance from Texas A&M University and a MBA from Baylor University. He currently serves as Chairman of the Texas A&M Mays Business School - Commercial Banking Program.

Director

Ms. Martin is currently on the Board of Directors and the Audit Committee of ECN Capital (TSX:ECN), a specialty finance company that has originated, managed and advised on credit portfolios. Ms. Martin is also currently on the Board of Directors and Audit Committee of Real Matters Inc. (TSX:REAL), a leading network management services platform for the mortgage and insurance industries. Ms. Martin’s career has been focused on capital markets and balance sheet management in financial services and specialty finance companies, including as EVP & Treasurer (2012 – 2019) at Element Fleet Management (TSX:EFN). During her tenure there, she arranged over C$100 billion in debt and equity financings in multiple jurisdictions and was responsible for managing an international syndicate of banks, financing the company’s acquisitions and business opportunities and managing its liquidity, funding, interest rate and FX risks. Ms. Martin oversaw Element’s balance sheet growth from under C$1 billion in mid-2012 to C$18 billion in 2019 and successfully managed the company’s transition from a non-investment grade company to an S&P investment grade rated organization. Prior to joining Element, Ms. Martin served in senior executive management, treasury and finance positions in public and private financial services companies for over 35 years, including Xceed Mortgage and Canadian Imperial Bank of Commerce. Ms. Martin is a Chartered Financial Analyst (CFA) and a Chartered Professional Accountant (CPA), and holds the professional independent director designation (ICD.D) from the Institute of Corporate Directors and the University of Toronto's Joseph L. Rotman School of Management. Ms. Martin earned her bachelor’s degree in finance and economics from the University of Western Ontario.

Director

Mr. Anderson is a retired finance executive residing in Ontario, Canada. As former Chief Executive Officer of CI Financial Inc, Mr. Anderson led the Canadian asset and wealth management company with operations in Canada, the United States, Hong Kong and Australia. Through Mr. Anderson’s leadership at CI Financial, the team successfully implemented its strategic plan, completed five acquisitions and expanded its offering with new products and platforms. Throughout his career, Mr. Anderson held a number of senior leadership roles, including at Aston Hill Financial and ScotiaMcLeod. He has a degree from the University of New Brunswick, as well as the designation from the Institute of Corporate Directors (ICD.D). Mr. Anderson has extensive governance experience, including with CI Financial, St. Andrew’s College, Toronto Symphony Orchestra, Waterloo Brewing, Aston Hill Financial and Langdon Equity Partners.