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InterRent Real Estate Investment Trust (IIP_u.TO)

IIP_u.TO on Toronto Stock Exchange

14.32CAD
19 Jul 2019
Change (% chg)

$0.03 (+0.21%)
Prev Close
$14.29
Open
$14.31
Day's High
$14.38
Day's Low
$14.22
Volume
14,028
Avg. Vol
232,933
52-wk High
$14.79
52-wk Low
$10.66

Summary

Name Age Since Current Position

Bradley Cutsey

2015 President

Mike McGahan

2009 Chief Executive Officer, Trustee

Curt Millar

2010 Chief Financial Officer

Brian Awrey

Vice President - Finance

Osbert Drewniak

2013 Vice President - Acquisitions

Paul Amirault

2010 Independent Trustee

Paul Bouzanis

2009 Independent Trustee

John Jussup

2019 Trustee

Ronald Leslie

2011 Independent Trustee

Cheryl Pangborn

2017 Independent Trustee

Biographies

Name Description

Bradley Cutsey

Mr. Bradley Cutsey serves as President of InterRent Real Estate Investment Trust., effective 6 April 2015. Mr. Cutsey has over 18 years of experience in the real estate and capital markets industry, including roles as Group Head of Real Estate and also as an Equity Research Analyst. Mr. Cutsey was recognized as the #1 stock picker in Canada in the 2012 StarMine Analyst Awards. Mr. Cutsey is a Chartered Financial Analyst (CFA) and a graduate of the Bachelor of Business Administration (Finance and Economics) program at Bishop's University.

Mike McGahan

Mr. Mike Darryl McGahan serves as Chief Executive Officer, Trustee of InterRent Real Estate Investment Trust. In addition, Mr. McGahan is president and chief executive officer of CLV Group Inc. (“CLV”), which was the property manager for the REIT up to February 15, 2018. CLV is a company that focuses on providing “Complete Real Estate Solutions”, including property management, real estate brokerage, mortgage brokerage, residential rentals, commercial leasing and construction. Mr. McGahan has over 25 years’ experience in the real estate business focusing on the multi-residential apartment and commercial properties sectors and has successfully bought, sold, financed and managed over 200 properties valued in excess of $1 billion. Mr. McGahan, through CLV, has developed a reputation as one of the top property managers having managed a portfolio of over 10,000 residential units and 500,000 sq. ft. of commercial properties for institutions including Toronto Dominion Bank, Bank of Hong Kong, Bank of Nova Scotia, Canada Mortgage and Housing Corporation and Canada Lands as well as private investors. Mr. McGahan has a wealth of experience in finding properties that have untapped potential and creating value through repositioning, renovations and improved efficiencies using pro-active management. Mr. McGahan has been a licensed real estate agent and mortgage broker for over 20 years and is a graduate of the University of Ottawa.

Curt Millar

Mr. Curt Millar, CPA, CA, serves as Chief Financial Officer of InterRent Real Estate Investment Trust. Prior to assuming his position as the Trust’s Chief Financial Officer, Mr. Millar was CEO (2009-10) and CFO (2004-09) of Zip.ca, the leading provider of by mail DVD video rental/subscription in Canada. A Chartered Accountant (CA) and Magna Cum Laude graduate of the Bachelor of Commerce (Honors in Accounting) program of the University of Ottawa, Mr. Millar has held positions of increasing responsibility in accounting, financial management and operations with a number of businesses for over 20 years.

Brian Awrey

Osbert Drewniak

Paul Amirault

Mr. Paul Amirault has been appointed an Independent Trustee of InterRent Real Estate Investment Trust. He is a partner of Norton Rose Fulbright Canada LLP. Mr. Amirault practices corporate and securities law, with an emphasis on equity financings and mergers and acquisitions. He represents start-ups and established businesses, as well as underwriters and investors. Mr. Amirault works with venture capital and private equity funds. In addition to experience in prospectus offerings, private placements and friendly takeovers, he has been involved in hostile bids, proxy battles and contested shareholder meetings. Mr. Amirault advises clients on a broad range of corporate and securities matters, including corporate governance, regulatory compliance and stock exchange rules.

Paul Bouzanis

Mr. Paul Bouzanis serves as Independent Trustee of InterRent Real Estate Investment Trust., since September, 2009. He is the President and CEO of PBC Group of Companies (1985) (“PBC”). Mr. Bouzanis’ comprehensive understanding of real estate acquisitions, development, and redevelopment, combined with his extensive experience in the real estate development and construction industry has been the driving force behind PBC’s growth and success. PBC provides all-encompassing asset management to institutional investors (including debt; mortgages; construction financing; land development; and development of residential subdivisions, condos and apartments). PBC has expanded from a small family owned business founded in 1958 to a corporation with assets under management in British Columbia, Alberta, Ontario, Quebec and Nova Scotia.

John Jussup

Ronald Leslie

Mr. Ronald Leslie CPA., serves as Independent Trustee of InterRent Real Estate Investment Trust., since May, 2011. Mr. Leslie is the Office Managing Partner at Leslie & MacLeod – Chartered Accountants – a professional corporation. Mr. Leslie has over 20 years of experience as a public accountant and currently sits on the board of C-COM Satellite Systems Inc. (which is listed on the TSX Venture Exchange). Mr. Leslie is a graduate of Carleton University and holds a Bachelor of Commerce degree.

Cheryl Pangborn

Ms. Cheryl Pangborn serves as Independent Trustee of the Company. She was a Director and Group Lead, Real Estate Banking at a Canadian chartered bank since 2013. During her more than 25 years in the real estate finance business, she has been involved in construction and mortgage financing of most real estate asset classes throughout eastern Canada. She is a graduate of Carleton University and holds a Bachelor of Arts (Economics / Commercial Law).

Basic Compensation

Name Fiscal Year Total

Bradley Cutsey

914,150

Mike McGahan

1,210,000

Curt Millar

519,150

Brian Awrey

252,075

Osbert Drewniak

369,150

Paul Amirault

50,800

Paul Bouzanis

60,925

John Jussup

--

Ronald Leslie

65,425

Cheryl Pangborn

18,550
As Of  31 Dec 2017