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H&R Real Estate Investment Trust (HR_u.TO)

HR_u.TO on Toronto Stock Exchange

21.41CAD
7 Dec 2018
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Summary

Name Age Since Current Position

Ronald Rutman

64 2014 Independent Chairman of the Board of Trustee

Thomas Hofstedter

63 1996 President, Chief Executive Officer, Trustee

Larry Froom

2006 Chief Financial Officer

Nathan Uhr

2011 Chief Operating Officer

Cheryl Fried

2014 Executive Vice President - Finance

Robyn Kestenberg

2017 Executive Vice President - Corporate Development

Philippe Lapointe

Chief Operating Officer - Lantower Residential

Patrick Sullivan

2013 Chief Operating Officer of Primaris Management Inc.

Alex Avery

39 2017 Independent Trustee

Robert Dickson

59 2000 Independent Trustee

Edward Gilbert

71 1996 Independent Trustee

Laurence Lebovic

71 2014 Independent Trustee

Juli Morrow

65 2017 Trustee

Stephen Sender

58 2016 Independent Trustee

Biographies

Name Description

Ronald Rutman

Mr. Ronald C. Rutman serves as Independent Chairman of the Board of Trustee of the Company. Mr. Rutman graduated from the Commerce and Finance Program of the University of Toronto in 1975 and received his designation as a Chartered Accountant in 1976. Mr. Rutman has been a partner for over 40 years at Zeifmans LLP, Chartered Accountants (formerly Zeifman & Company, Chartered Accountants) and has substantial real estate experience.

Thomas Hofstedter

Mr. Thomas J. Hofstedter is President, Chief Executive Officer, Trustee of H&R Real Estate Investment Trust. Mr. Hofstedter attended the University of Toronto and became a member of The Institute of Chartered Accountants in 1978. Mr. Hofstedter became President and Chief Executive Officer of the REIT at its creation in December 1996, and President and Chief Executive Officer of Finance Trust at its creation in October 2008. Prior to joining the REIT, Mr. Hofstedter was head of H&R Development’s commercial division. Mr. Hofstedter is also a trustee of Finance Trust.

Larry Froom

Mr. Larry Froom serves as Chief Financial Officer of H&R Real Estate Investment Trust. Mr. Froom has 10 years of real estate industry experience. He joined H&R Developments in 1997 as Controller, was promoted to VP - Finance for the H&R Group in 2003, was appointed VP - Finance for H&R REIT in January 2006 and CFO in September 2006. As CFO, Mr. Froom is responsible for overseeing all financial transactions, Unit offerings and investor relations. Prior to joining H&R, he was manager at Ernst & Young where he serviced clients in the real estate industry.

Nathan Uhr

Mr. Nathan Uhr is an Chief Operating Officer of H&R Real Estate Investment Trust. Prior to January 2011, he was Vice President, Acquisitions of the REIT.

Cheryl Fried

Ms. Cheryl Fried was Executive Vice President - Finance of H&R Real Estate Investment Trust. Prior to January 2014, Vice President, Accounting of the REIT and, prior to December 2010, Controller of the REIT.

Robyn Kestenberg

Philippe Lapointe

Patrick Sullivan

Mr. Patrick Sullivan is an Chief Operating Officer of Primaris Management Inc. of H&R Real Estate Investment Trust. Prior to April 2013, Senior Vice President, Portfolio Management of Primaris and, prior to October 2011, Vice President, Portfolio Management of Primaris and, prior to January 2010, Director of Retail Leasing of OPGI Management GP Inc.

Alex Avery

Mr. Alex Avery is Independent Trustee of H&R Real Estate Investment Trust. Mr. Avery is a partner with FrontFour Real Asset Alternatives, an investment manager focused on North American real estate and related securities, where he is a portfolio manager. Previously, Mr. Avery spent 12 years with CIBC Capital Markets, where he was Managing Director and led its North American real estate research team, providing research coverage of more than 60 real estate investment trusts and real estate corporations. Mr. Avery has been consistently recognized as a thought leader in real estate strategy, leadership and governance by institutional investors, as a TopGun Analysis by Brendan Wood International and for his stock picking and earnings estimation by StarMine. Prior to joining CIBC Capital Markets, Mr. Avery worked at a global investment dealer conducting research on real estate and real estate investment trusts, and prior to that at Altus Group, a leading commercial real estate consulting and advisory firm. Mr. Avery earned his CFA designation, holds both a Master of Business Administration and a Bachelor of Engineering & Management from McMaster University, and is a Chartered Surveyor and Member of the Royal Institution of Chartered Surveyors.

Robert Dickson

Mr. Robert Earl Dickson serves as Independent Trustee of H&R Real Estate Investment Trust. Mr. Dickson graduated from University College, Oxford in 1980 with a B.A. (Jurisprudence) and graduated from the University of Toronto Law School in 1982 with an LL.B. Since June 2011, Mr. Dickson has been a strategic financial consultant in the marketing and communications industry. Prior to that, from 2000, Mr. Dickson was Managing Director, MDC Partners Inc., a global business transformation organization, and Executive Vice-President, Corporate Development, Maxxcom Inc., a marketing communications organization, both public companies. Prior to that time, he practiced corporate law at Fraser Milner Casgrain LLP (now Dentons LLP) where he specialized in mergers and acquisitions and financing transactions. Mr. Dickson’s academic and professional experience demonstrates expertise in the areas of law and finance. Mr. Dickson is also a member of the Board of Directors of Mainstreet Health Investments Inc. (TSXV: HLP), a real estate investment company focused on senior housing and care facilities.

Edward Gilbert

Mr. Edward Gilbert, CPA, is an Independent Trustee of H&R Real Estate Investment Trust. Mr. Gilbert became a member of The Institute of Chartered Accountants in December 1969. Mr. Gilbert had over 20 years’ experience in public accounting until his retirement from public practice in 1989. During his career in accountancy he was involved with the accounting and audit of many real estate companies and was also involved in financing real estate projects. Mr. Gilbert has over 30 years’ experience in developing, owning, operating and managing real estate properties and ventures. Mr. Gilbert joined Firm Capital Mortgage Investors Corporation in 1995 and Firm Capital Mortgage Investment Corporation in 1999, both investment corporations. Mr. Gilbert is currently a director of Firm Capital Mortgage Investors Corporation and a director of Firm Capital Mortgage Investment Corporation.

Laurence Lebovic

Mr. Laurence A. Lebovic is Independent Trustee of H&R Real Estate Investment Trust. Mr. Lebovic graduated cum laude with a B.Sc. from John Hopkins University in 1966 and received his LL.B. from Osgoode Hall Law School in 1971. Mr. Lebovic is currently the Chief Executive Officer of Runnymede Development Corporation Ltd., a real estate development corporation, and has been since 1993. Mr. Lebovic was formerly a partner at the law firm of Minden Gross LLP. He is also the investment advisor to a non-profit foundation managing assets in excess of $120 million.

Juli Morrow

Ms. Juli Morrow is Trustee of H&R Real Estate Investment Trust. Juli Morrow is a partner at Goodmans LLP, one of Canada's premier transaction law firms, and is one of Canada's preeminent real estate lawyers. Her practice focuses commercial real estate transactions, including acquisitions, dispositions, mortgage financing, leasing, management agreements and joint ventures. She has been recognized as one of Canada's leading real estate lawyers by Chambers Global and a number of other sources. She earned a B.C.L. from McGill University in 1975, an LL.B from McGill University in 1976 and a LL.M from the University of Toronto in 1979. She joined Goodmans LLP in 1977.

Stephen Sender

Mr. Stephen L. Sender is Independent Trustee of H&R Real Estate Investment Trust. Mr. Sender has over 30 years of experience in the investment banking industry in Canada and abroad, and most recently, he was Managing Director, Industry Head - Real Estate in Scotiabank’s Global Banking and Markets division representing the bank’s capital markets activities in the Canadian real estate industry. Since the early 1990’s he has specialized in the Canadian real estate sector, providing investment banking advice to numerous public entities with respect to capital markets activities. He has been directly involved in raising equity and debt capital in a large number of transactions and has provided financial advice in numerous large transactions including mergers, takeovers and related party transactions. Mr. Sender has been a frequent moderator/speaker at conferences in Canada focusing on capital markets developments in the real estate sector. Mr. Sender holds a B.Comm. (Honours) degree from the University of Cape Town and qualified as a C.A. (S.A.) in 1984.

Basic Compensation

Name Fiscal Year Total

Ronald Rutman

217,500

Thomas Hofstedter

3,755,000

Larry Froom

1,889,500

Nathan Uhr

596,675

Cheryl Fried

521,000

Robyn Kestenberg

900,000

Philippe Lapointe

--

Patrick Sullivan

719,665

Alex Avery

102,500

Robert Dickson

195,000

Edward Gilbert

195,000

Laurence Lebovic

195,000

Juli Morrow

60,000

Stephen Sender

185,000
As Of  31 Dec 2017