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United States

Canadian Real Estate Investment Trust (REF_u.TO)

REF_u.TO on Toronto Stock Exchange

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Summary

Name Age Since Current Position

W. Reay Mackay

73 2015 Independent Chairman of the Board of the Trustees

Rael Diamond

39 2015 President, Chief Operating Officer

Stephen Johnson

64 2015 Chief Executive Officer, Trustee

Mario Barrafato

51 2015 Chief Financial Officer, Executive Vice President

Rene Arsenault

53 2015 Senior Vice President - Quebec

Trent Holfeld

46 2015 Senior Vice President - Retail Real Estate

Ana Radic

44 2015 Senior Vice President - Office Properties

Archna Sharma

2015 Senior Vice President - Corporate Administration & Governance

Deborah Barrett

58 2014 Independent Trustee

John Brough

69 2008 Independent Trustee

Anthony Fell

77 2014 Independent Trustee

Andrew Hoffman

54 2013 Independent Trustee

Biographies

Name Description

W. Reay Mackay

Mr. W. Reay Mackay serves as an Independent Chairman of the Board of the Trustees of Canadian Real Estate Investment Trust, since May 05, 2015. Mr. Mackay is currently a Corporate Director. Prior to becoming a Corporate Director, Mr. Mackay was Vice Chairman and Group Head for Wealth Management at The Royal Bank of Canada. This position included Brokerage and Asset Management businesses in Canada, RBC Dain Rauscher Brokerage businesses in the United States, Global Private Banking and Royal Trust. Prior to that, Mr. Mackay was President and Chief Operating Officer at RBC Dominion Securities.

Rael Diamond

Mr. Rael L. Diamond serves as President, Chief Operating Officer of Canadian Real Estate Investment Trust, effective March 30, 2015. Mr. Diamond was CFO of Canadian Real Estate Investment Trust. Mr. Diamond was appointed to the position of President and Chief Operating Officer, in addition to his position of Chief Financial Officer. Mr. Diamond is a CPA, CA and was formerly a Senior Vice President, Finance with Brookfield Asset Management and served as Chief Financial Officer for several of Brookfield’s subsidiary companies, including Rouse Properties, Brookfield Office Properties Canada and Howard Hughes Corporation.

Stephen Johnson

Mr. Stephen E. (Steve) Johnson serves as Chief Executive Officer, Trustee of Canadian Real Estate Investment Trust. Mr. Johnson has spent almost 40 years in the real estate industry and has been with CREIT since September 1996. He has extensive experience in real estate operations including property management and leasing. Mr. Johnson also has experience in real estate valuation, property development and corporate finance. As CEO of CREIT since 1996, Mr. Johnson has overall responsibility for the development of CREIT’s business model and strategy and the leadership responsibility for CREIT’s success.

Mario Barrafato

Mr. Mario Barrafato serves as Chief Financial Officer, Executive Vice President of Canadian Real Estate Investment Trust. On March 30, 2015, Mr. Barrafato joined Canadian Real Estate Investment Trust as Executive Vice President and CFO. Mr. Barrafato was employed with DREAM Asset Management Corporation. During this time, Mr. Barrafato was actively involved in the financial management of its platform and served as CFO of several of their public entities, including DREAM Office REIT. Mr. Barrafato has over 20 years of senior management experience in the areas of corporate finance, financial reporting, capital markets and mergers and acquisitions.

Rene Arsenault

Mr. Rene G. Arsenault serves as Senior Vice President - Quebec of Canadian Real Estate Investment Trust. He was Vice President - Quebec until January 1, 2015. Mr. Arsenault is responsible for CREIT’s asset and property management program for its Quebec portfolio. The Quebec assets comprise approximately 2.2 million square feet (at CREIT’s ownership). Mr. Arsenault has an extensive leasing and management background, having been in the real estate industry for over 25 years. He previously worked for SITQ, a division of the Caisse de Dép?t et Placement du Québec and TrizecHahn Corporation.

Trent Holfeld

Mr. Trent H. Holfeld serves as Senior Vice President - Retail Real Estate of Canadian Real Estate Investment Trust. He was Vice President - Real Estate until January 1, 2015. Mr. Holfeld has an extensive leasing and development background, having been in the real estate industry for over 18 years. He previously worked for Canadian Tire Corporation, most recently responsible for the national leasing and development program. Mr. Holfeld has direct responsibility for CREIT’s asset and property management and leasing program for its US, Alberta and Ontario retail portfolio of approximately 4.9 million square feet (at CREIT’s ownership). He also provides support for and expertise on CREIT’s retail assets on a national level.

Ana Radic

Ms. Ana Radic serves as Senior Vice President - Office Properties of the Company. On May 11, 2015, Ms. Radic joined Canadian Real Estate Investment Trust as Senior Vice President, Office Properties. Ms. Radic is responsible for the overall performance and asset management of CREIT’s office portfolio. Ms. Radic has over 20 years of commercial real estate experience in the areas of leasing, operations, investments and brokerage. Ms. Radic previously served as Chief Operating Officer at Dream Office REIT.

Archna Sharma

Ms. Archna Sharma serves as Senior Vice President - Corporate Administration & Governance of CANADIAN REAL ESTATE INVESTMENT TRUST, since January 1, 2015.

Deborah Barrett

Ms. Deborah Jean Barrett, CPA, CA, serves as an Independent Trustee of Canadian Real Estate Investment Trust. Ms. Barrett is the Chief Financial Officer of The Woodbridge Company Limited (“Woodbridge”), a private investment holding company. 2004 to 2010: Ms. Barrett was the Vice President, Finance at Woodbridge. Prior to joining Woodbridge in 2004, she held senior financial leadership positions in public and private companies. Ms. Barrett has over 30 years of experience in a number of industries including private equity, real estate and business process outsourcing.

John Brough

Mr. John A. Brough, CPA, CA , serves as an Independent Trustee of Canadian Real Estate Investment Trust. Mr. Brough is currently a Corporate Director for a number of public companies. He is the Chairman of four Audit Committees including the Trust, a Lead Director of one company, and a member of various Board Committees including Audit, Governance, Compensation and Investment Committees. Mr. Brough was the President of Wittington Properties Limited (Canada), a company which develops condominiums and manages office assets in the Greater Toronto Area. Mr. Brough was also the President of Torwest Inc. (United States), a company which is responsible for the real estate business assets of the Weston family in the USA. In this capacity, Mr. Brough developed two master planned amenitized residential real estate communities in Florida.

Anthony Fell

Mr. Anthony S. Fell, O.C., serves as an Independent Trustee of Canadian Real Estate Investment Trust. Mr. Fell is currently a Corporate Director. Mr. Fell is a former Chairman of RBC Capital Markets, former Chairman and Chief Executive Officer of RBC Dominion Securities Inc. and a former Deputy Chairman of The Royal Bank of Canada. Mr. Fell was with RBC Capital Markets and predecessor companies for 48 years, including 18 years as Chief Executive Officer and a further eight years as Chairman until his retirement in 2007. In these roles, Mr. Fell was responsible for the overall leadership and corporate governance of the firms. Mr. Fell is a past Chairman of the Investment Dealers Association of Canada and a past Governor of the Toronto Stock Exchange. Over the course of the past 15 years, Mr. Fell has been a director of BCE Inc, CAE Inc. and Loblaw Companies, and sat on the Audit Committee of these companies for a number of years.

Andrew Hoffman

Mr. Andrew L. Hoffman serves as an Independent Trustee of Canadian Real Estate Investment Trust. Mr. Hoffman is the Chief Executive Officer and Founder of CentreCourt Developments Inc., a Toronto-based developer of residential and commercial properties. 1989 to 2010: Mr. Hoffman was the Chief Operating Officer of Menkes Developments Ltd., a leading real estate developer in the Greater Toronto Area (“GTA”). Mr. Hoffman is a lawyer by background and has over 25 years of experience in the real estate industry. He has been involved in some of Toronto’s major real estate projects including the Four Seasons Hotel and Private Residences, 25 York Street and numerous office, industrial and residential projects in the GTA. Mr. Hoffman has extensive experience in property acquisitions, property management, real estate finance and the leasing and development of real estate properties.

Basic Compensation

Name Fiscal Year Total

W. Reay Mackay

100,256

Rael Diamond

1,415,630

Stephen Johnson

3,207,340

Mario Barrafato

1,653,560

Rene Arsenault

350,640

Trent Holfeld

690,348

Ana Radic

708,374

Archna Sharma

--

Deborah Barrett

42,778

John Brough

83,250

Anthony Fell

45,628

Andrew Hoffman

80,200
As Of  30 Dec 2015