First Canadian landlord to commit to WiredScore Portfolio WiredScore, the company setting the global standard for technology in the built world, has today announced 39 global landlords and KingSett Capital is proud to be listed. Technology is a core part of KingSett’s strategy, and we are committed to delivering a best-in-class, technology-enabled experience across our buildings, today and in the future. The future is smart, and smart buildings help us deliver superior technology integration while achieving operational efficiency. As the first Canadian landlord to commit to WiredScore Portfolio, KingSett has certified over 6 million square feet of office space in Canada, with an additional 5 buildings committed to certification and all future developments are committed to targeting the same certification. We believe this certification provides a number of tangible benefits as we look to make our portfolio future-ready with technological infrastructure that will create dynamic and resilient spaces. In addition, this certification provides us with the dedicated tools to measure, improve and promote connectivity performance in a clear, efficient and impactful manner. Arie Barendrecht, Founder and CEO, WiredScore, commented: “If the last few years have taught us anything, it’s that we have all come to expect best-in-class levels of connectivity in our buildings, enabling a seamless transition between the home, office and back again. As a result, we have seen first-hand just how technology is fast becoming a core pillar of how our clients are delivering their portfolios. Yet the macro environment and the pace of change of technology means it’s never been more challenging to create tech-enabled spaces. We are therefore proud to be working with some of the world’s most forward-looking landlords and developers who not only understand the benefits of a technology-first approach in their real estate, but are constantly improving it to create a first-class experience for their building users. By implementing sound digital infrastructure as a minimum requirement across their portfolios, our clients are not only creating dynamic and resilient spaces people really want to be in, but they are sustainably future-proofing their buildings for generations to come.” About WiredScore Portfolio The Portfolio award is given to landlords and developers who have committed to delivering a best-in-class, technology-enabled experience across a significant portion of their portfolio, now and in the future. WiredScore Portfolio brings with it a number of tangible benefits for landlords looking to make their portfolio future-ready with technological infrastructure that will meet evolving needs of occupiers. In addition, it provides clients with dedicated tools to measure, improve and promote the connectivity performance in a clear, efficient and impactful manner.

Recognition of market-leading technology, processes, and automation to deliver world-class service Scotia Plaza’s 40 King Street West has achieved SmartScore Gold Certification, making it one of the smartest places to work in the world. This certification demonstrates the building’s cutting-edge innovation through the use of market-leading technology, processes, and automation to deliver world-class service to all users of the building. 40 King Street West is located in the financial district of Toronto, Canada. The building achieved this certification through a range of initiatives which include the implementation of a smart building strategy, the deployment of a tenant engagement app, and the establishment of a stringent cybersecurity policy. Moreover, the installation of a smart technology foundation (base building network) has also allowed for rapid deployment of new connected devices and systems. The achievement of SmartScore Gold Certification at Scotia Plaza’s 40 King Street West reflects KingSett’s commitment to innovation and sustainability in its portfolio. It showcases the potential of smart buildings to create highly sustainable, inspirational, cost-efficient, and future-proof spaces for the benefit of all building users. About SmartScore SmartScore is a globally recognized smart building certification developed by WiredScore. It is the global standard for smart buildings and helps landlords and developers build cutting-edge smart buildings that deliver exceptional user experiences, drive cost efficiency, meet high standards of sustainability, and are fully future-ready. The SmartScore certification has four levels, and buildings that meet the strict criteria for reliable, secure, and future-ready in-building technology are awarded one of these levels to reflect their excellence.

KingSett Founder Jon Love Transitions to Executive Chair "This transition formalizes the expanded leadership role Rob has played so well over the last several years and marks the culmination of a well-planned, multi-year leadership succession at the firm.” Jon Love, Executive Chair & Founder (Toronto, ON) November 27, 2023 – KingSett Capital Inc. announced today that Jon Love will become Executive Chair of the firm and Rob Kumer will be elevated to Chief Executive Officer, effective January 1st, 2024. As Executive Chair and KingSett’s majority owner, Mr. Love will maintain oversight and responsibility for KingSett, guide the firm’s strategy, and serve on the KingSett fund boards. As CEO, Mr. Kumer will be responsible for executive management, working with Mr. Love to establish KingSett’s strategy and drive results for the firm’s funds. Mr. Kumer will continue to serve as Chair of KingSett’s Management and Investment Committees. “This transition formalizes the expanded leadership role Rob has played so well over the last several years and marks the culmination of a well-planned, multi-year leadership succession at the firm,” said Mr. Love. “KingSett has assembled a management committee and team of professionals that bring extraordinary depth of experience and cross-platform expertise. They are ready to lead KingSett forward into the next decade, focusing on our core mandate – delivering sustainable premium risk weighted returns for our investors.” “I am grateful for the opportunity to serve as KingSett’s CEO and help lead the firm into the next phase of its growth and investor performance,” said Mr. Kumer. “I will be focused on maintaining KingSett’s strong culture and values, which have been fundamental to our success. I want to thank Jon for the trust he has shown in me, and I want to thank our investors and board members, and our valued partners for the confidence they continue to show in KingSett.” As part of this transition, Colin Baryliuk will join the firm’s Management Committee and assume the role of Chief Investment Officer previously held by Mr. Kumer. Mr. Baryliuk joined KingSett in 2008 and has held increasingly senior roles over time, including most recently Group Head, Property Investments. Mr. Baryliuk will be responsible for day-to-day management of the Investments team including allocation of team resources and oversight of investment underwriting, transaction negotiation and due diligence. Additionally, Scott Coates, who joined KingSett in 2006, will be elevated to President, KingSett Mortgage Corp., an evolution in title that reflects his central role and his success in building and leading the firm’s national commercial and residential mortgage lending business, a key component of the KingSett Capital platform. The changes to Mr. Baryliuk and Mr. Coates’ roles also take effect January 1, 2024. Mr. Kumer joined KingSett in 2004 as an analyst. He has assumed increasingly senior roles over the years including Chief Investment officer and Chair of KingSett’s Investment Committee in 2018. He was appointed President and Chair of the firm’s Management Committee in 2021. As the firm’s President and CIO, he has had responsibility for guiding and executing KingSett’s investment strategy and leading the Investments team which sources, underwrites and structures investment transactions for KingSett’s various Fund strategies. In addition, Mr. Kumer provides oversight of KingSett’s mortgage lending business and serves as Fund Manager for KingSett’s Growth Funds and Urban Fund. Mr. Kumer holds a degree in Honours Business Administration from the Ivey Business School at Western University, where he is now a member of the school’s Advisory Board.  Mr. Kumer also serves as Vice-Chair of the Board of the Sinai Health System Foundation. About KingSett Capital Founded in 2002, KingSett Capital is a leading Canadian private equity real estate firm that co-invests with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. KingSett manages over $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies. Media Contact David Ryan Managing Director, Edelman Smithfield T: 416 455 1927 E: david.ryan@edelmansmithfield.com

First ground-up, purpose-built housing development for the KingSett Affordable Housing Fund (Toronto, ON) January 16, 2024 – KingSett Capital, together with its project team BDP Quadrangle and Reliance Construction Group, is pleased to announce that construction has officially begun on Valhalla Village, an affordable housing development located at Bloor and The East Mall in Toronto. Valhalla Village will be the first ground-up, purpose-built housing development for the KingSett Affordable Housing Fund. Phase 1 of the development will comprise a total of 494 units, including 172 affordable units. Initial occupancy for Phase 1 of Valhalla Village is expected in the third quarter of 2026. “Breaking ground at Valhalla Village is a critical first step in KingSett’s ambitious goal of developing a portfolio of affordable housing that leads the industry in terms of depth, product design, and sustainability,” said Jeff Thomas, Group Head, Development at KingSett Capital. “The location and scale of Valhalla Village presents a compelling opportunity to create purpose-built affordable housing at a critical time for the local community. We are very excited to be moving ahead with this extraordinary development.” Valhalla Village is designed to be net-zero carbon through geothermal heating and is on track to achieve the Canada Green Building Council’s Zero Carbon Building – Design (“ZCB”) Standard™ certification in 2024. The project will participate in the new WiredScore Multi-Residential Certification Program. The site, which will also include a community agency space and public park, is zoned to allow for a second phase to be constructed at a later date. KingSett has secured construction financing through the federal government’s Apartment Construction Loan program, previously known as the Rental Construction Financing Initiative (“RCFi”). Through the City of Toronto’s Open Door program, Toronto City Council approved financial incentives, such as property tax and development charge exemptions and permit fee waivers, to support affordable housing at this site. BDP Quadrangle is the lead architect for Valhalla Village. Reliance Construction Group will lead the construction of the project, and Purpose Building Inc. provided sustainable design services to the development. About KingSett Capital Founded in 2002, KingSett Capital is a leading Canadian private equity real estate firm that co-invests with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. KingSett manages over $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies. About the KingSett Affordable Housing LP The KingSett Affordable Housing LP strategy is to invest in projects that deliver high quality affordable housing within Canada’s core rental markets. The goal of the Fund is to provide stable risk weighted returns while delivering high quality affordable housing within Canada’s core rental markets. The Fund will participate in joint ventures, ground up development, financing initiatives and other structures to address the escalating issue of housing affordability in Canada. Media Contact David Ryan Managing Director, Edelman Smithfield T: 416 455 1927 E: david.ryan@edelmansmithfield.com

Recipient of the 2024 Corporate Award from the Canadian Foundation for Physically Disabled Persons Each year, the Canadian Foundation for Physically Disabled Persons recognizes organizations that have gone the extra mile to support people with disabilities. KingSett was honoured to receive the 2024 Corporate Award in recognition of our commitment to creating accessible buildings and communities for all. This commitment includes the certification of over 7 million square feet of our properties and over 500 rental apartments under the Rick Hansen Foundation Accessibility Program (“RHFAC”). We believe third-party building certifications such as RHFAC are a credible and consistent way to assess, validate, and communicate the environmental performance and management of our buildings through trusted, verifiable standards. KingSett has adopted the RHFAC standard in our portfolio for many years, helping us identify both areas of strength and opportunities to improve accessibility. By acting on these recommendations, we’re able to create spaces that everyone can enjoy – fostering greater inclusivity in the communities we serve and improving accessibility for all people who come to a KingSett property.

Three-year decarbonization process included retrofitting the 363,000 square-foot 26-storey commercial building (Vancouver, BC) January 18, 2024 – KingSett Capital, Crestpoint Real Estate Investments Ltd. (in joint venture with Vestcor Inc.) and Reliance Properties Ltd., co-owners of Arthur Erickson Place on West Georgia Street in downtown Vancouver, today announced that the iconic building has achieved the Zero Carbon Building – Performance (“ZCB”) Standard certification from the Canada Green Building Council (“CAGBC”). This certification marks an important milestone for the co-owners of Arthur Erickson Place, the building’s tenants, and the City of Vancouver as a meaningful step towards reaching their overall sustainability and net-zero goals. Achieving ZCB Performance certification for Arthur Erickson Place demonstrates the building’s energy efficiency and the investment its co-owners have made to minimize carbon emissions from its operations. The three-year decarbonization process, which began in 2022, involved an innovative retrofitting of the 363,000 square-foot 26-storey commercial building. The process is expected to be complete in 2025, at which point Arthur Erickson Place will have reduced its carbon emissions by 97 percent. Arthur Erickson Place’s new sustainable mechanical upgrades and features include optimized HVAC controls as well as new electric boilers, heat pumps, air handling units, a rooftop beehive installation to promote biodiversity and a spacious outdoor plaza. The achievement demonstrates the commitment by the building’s owners to create pathways to a net-zero future while creating a safe and healthy work environment for their tenants. The decarbonization of Arthur Erickson Place will result in: The reduction of carbon emissions from the building by 97% by 2025. A 40% reduction in the building’s energy consumption. The equivalent of removing approximately 140 gas-powered cars from the road each year. Ensuring the building exceeds its individual requirement to meet the Global Paris Agreement’s goal of limiting the rise in global temperature to 1.5C. Further validation of the business case for fuel switching and electrification in Canada. “This achievement for Arthur Erickson Place is an important milestone in KingSett’s decarbonization program. It strengthens a key asset in our portfolio and advances our value enhancement strategy. In collaboration with our partners, we continue to demonstrate that complex, deep carbon retrofits of iconic buildings like Arthur Erickson Place and the Royal York Hotel can be done in a way that is economically viable and environmentally impactful.” Rob Kumer, CEO, KingSett Capital “Earning the ZCB Performance Standard certificate for Arthur Erickson Place demonstrates Crestpoint’s commitment to improving the communities in which we live, invest and operate. Retrofitting AEP took tremendous creativity and innovation. We’re excited to share this success with our partners, tenants and with the City of Vancouver, which is an important market for Crestpoint.” Kevin Leon, CEO, Crestpoint Real Estate Investments Ltd. “This project is particularly special to Reliance Properties because we’ve called Vancouver home for over 50 years and are constantly striving to enhance the tenant experience. Attaining Zero Carbon Building Performance certification for this building contributes to the health and well-being of our tenants and towards a sustainable future, which is something we are incredibly proud of.” Jon Stovell, President, Reliance Properties Ltd. About KingSett Capital Founded in 2002, KingSett Capital is a leading Canadian private equity real estate firm that co-invests with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. KingSett manages over $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies. About Crestpoint Real Estate Investments Ltd. Crestpoint is a real estate investment and asset management firm founded in 2011 with over $9.9 billion in assets under management. The Crestpoint team is comprised of over 40 real estate investment professionals based in our head office in Toronto. With properties located from coast to coast in Canada, Crestpoint’s current portfolio is comprised of over 320 buildings and over 35 million square feet with exposure to the office, industrial, retail and multi-family sectors. Crestpoint is an affiliate of the Connor, Clark & Lunn Financial Group Ltd. (“CCLFG”), a multi-boutique investment manager that provides a broad range of traditional and alternative investment products and services to individuals, advisors and institutional investors. Today, CCLFG and its affiliates, including Crestpoint, collectively manage over $110 billion in assets and have close to 700 employees. About Reliance Properties Ltd. Reliance Properties Ltd. is focused on enhancing the urban experience in Vancouver through creative solutions to development challenges. Reliance Properties is a privately owned company that has been contributing to Vancouver’s architectural heritage for more than fifty years. From Coal Harbour luxury to award-winning heritage restorations, Reliance continues to create innovative residential and office developments designed to enhance the urban experience. Reliance provides proactive management and maintenance for all its properties and provides in-house leasing, maintenance, architectural and tenant improvement services. The company focuses on developing long-term tenant relationships and today, many Reliance tenants have been with the firm for over thirty years. Media Contact Dora Yiu Director, Marketing T: 416 687 6737 E: dyiu@kingsettcapital.com

A boutique office building located in the heart of the Mink Mile currently home to luxury retailers including Gucci and various office tenants Harry Rosen, a leading luxury menswear retailer, will relocate its Canadian flagship store from its existing Bloor Street location to a new 38,000 square feet  retail store at 130 Bloor. The new location will occupy all of the building’s Cumberland Street ground floor retail frontage in addition to 32,000 square feet, which encompasses all of the building’s 2nd and 3rd floors, which are being converted from office to retail space to accommodate the new tenant. This transaction creates substantial long-term value for KingSett’s Canadian Real Estate Income Fund (“CREIF”) by increasing the proportion of the building leased as high street retail from 13% to 31%. Retail rents in Yorkville achieve a premium over office rents and as retail rents will now represent 45% of the building’s revenue, valuation metrics and building liquidity will improve. Harry Rosen’s flagship store will open in Spring 2026, featuring a high energy exterior and interior design with customer-centric experiences throughout the  store. This elevated space will house a luxurious client lounge, espresso bar, and a large patio overlooking the Village of Yorkville Park.  This new flagship store will be a transformative addition to 130 Bloor, further solidifying Bloor Yorkville as a premium luxury shopping destination and  demonstrates how active asset management, relationships and creativity builds asset resilience to deliver sustainable premium risk-weighted returns.

Exclusive 68th floor to include a custom event space, café and bar (Toronto, ON) June 24, 2024 – KingSett Capital announced today that they have partnered with premiere restaurant and event group and caterer Oliver & Bonacini Hospitality (“O&B”) to manage and operate the 20,000-square-foot 68th floor at the top of Scotia Plaza in Toronto’s Financial District. The new space, which is expected to open by June 2025, will include a 10,000-square-foot meeting and event space available to both tenants and outside parties and a 10,000-square-foot exclusive tenant amenity area with incredible views of the city. The northern portion of the floor can be custom-configured to accommodate various event types, such as conferences, town halls, classroom-style learning, corporate social events, and luxurious weddings for up to 250 guests, all of which will be exclusively catered and managed by O&B Catering. The southern portion of the floor, exclusive to the tenants of Scotia Plaza, will offer an upscale café and bar amenity outfitted in warm woods, rich stones, and steel blue accents. This versatile space will play host to everything from morning coffee and breakfast meetings to late afternoon drinks and light bites among colleagues and clients. Located in the heart of Toronto’s Financial District, Scotia Plaza is a Class ‘AAA’ office complex comprised of three integrated buildings and over 2.2 million square feet of space. This complex is home to the global headquarters of Scotiabank and was the first major Zero Carbon – Performance Standard certified commercial building in Canada. Scotia Plaza is owned by KingSett Capital. “We continually strive to improve our assets and provide our tenants with extraordinary work environments,” said William Logar, Chief Asset Management Officer at KingSett Capital. “At Scotia Plaza, we are building on Zero Carbon Certification and other previous improvements to create a best-in-class amenitized space on the top floor. This will provide our tenants with a unique environment to meet their evolving expectations of the workplace. We are excited to partner with the O&B Hospitality Group to create this extraordinary amenity space for everyone at Scotia Plaza.” “We are thrilled to bring our signature brand of hospitality and restaurant-quality food and beverage service, not only to the 68th floor, but to all tenants of Scotia Plaza,” said Andrew Oliver, President and CEO of O&B. “From 0km food delivery to boardrooms for lunch-and-learns to full-service catering for cocktail receptions, this partnership represents real estate as a service. Tenants will be able to enjoy access to all of our amenities, as well as utilize the 68th floor as a best-in-class meeting space and an extension of their offices, to create memorable event and culinary experiences.” The “flight-to-quality” that has dominated office search in recent years is evolving to “flight-to-experience” with occupiers prioritizing office spaces that offer in-building amenities. The new top floor amenitized space at Scotia Plaza has already proven this to be true, with national law firm Miller Thomson LLP citing the addition as an important reason for its renewal of 85,000 square-feet in the building. Kenneth R. Rosenstein, Managing Partner, Toronto at Miller Thomson, said, “We’re excited about the new, high-quality amenities and the benefits they will bring to our lawyers, support services, clients and prospective clients.” About KingSett Capital Founded in 2002, KingSett Capital is a leading Canadian private equity real estate firm that co-invests with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. KingSett manages $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies. In recognition of its commitment to sustainability, KingSett was ranked first globally in the 2023 Global Real Estate Sustainability Benchmark (“GRESB”) Survey for Development in its Residential Non-Listed peer-group and 2nd in the North America Diversified Office/Residential Non-listed peer-group for Standing Investments. As a leader in the industry, KingSett remains dedicated to moving the real estate sector forward and seeking new investment opportunities in a wide range of real estate properties, developments, joint ventures, and mortgage lending. About Oliver & Bonacini Hospitality Founded in 1993 by Peter Oliver and Michael Bonacini, Oliver & Bonacini is recognized as one of Canada’s leading hospitality groups. With locations in Toronto, Montreal, Calgary, Edmonton and Halifax, O&B’s portfolio includes a diverse collection of unique and innovative restaurants, event venues, full-service catering arms, and several strategic partnerships. Media Contacts KingSett Capital David Ryan Managing Director, Edelman Smithfield T: 416 455 1927 E: david.ryan@edelmansmithfield.com O&B Hospitality Rebecca Spence Manager, PR & Communications T: 416 485 8047 Ext: 2248 E: rebecca.spence@oliverbonacini.com

Project to deliver 386 residential units, daycare space and 6 townhomes KingSett’s Senior Mortgage Fund LP (the “Fund”) recently financed a $110 million construction loan, pari-passu with $50 million from a credit union, for the construction of a 36-storey residential condominium tower including 386 residential units and daycare space. The project also includes six townhomes. The project is 96% pre-sold with 15% of pre-sold revenue secured through purchaser deposits. At this level of pre-sales, the Fund’s loan is expected to be fully repaid without the need for additional sales. Additionally, 89% of the project's hard costs are now fixed by construction contracts, reducing the risk of unexpected budget increases. The Fund’s loan structure is further strengthened by a $34 million subordinate loan from the KingSett High Yield Fund. The Fund is well secured at a 62% loan-to-value ratio with solid interest income at Prime + 2.50% and an upfront lender fee equivalent to 1.0% of the committed loan amount. The project is expected to be completed in Q2 2027, at which point proceeds from pre-sales will fully repay the Fund’s loan. The borrower has more than 25 years of development experience in BC and was previously involved in five other residential projects financed by KingSett where they have proven their ability to execute. About the KingSett Senior Mortgage Fund LP KingSett Senior Mortgage Fund LP is an open-ended fund focused on first mortgage lending. The Fund’s objective is to provide mortgage credit to experienced and financially sound borrowers with high quality real estate assets or projects in the most liquid markets such as Toronto and Vancouver. The loan portfolio is diversified by location, property type and asset class, with a focus on sectors with strong operating fundamentals where demand exceeds supply.

Premium multi-residential complex with 275 new rental units and luxury amenities 77 & 99 Gerrard is a multi-residential property complex directly abutting to 700 Bay, an office building located in the centre of Toronto’s discovery district , just steps away from top hospitals, universities, and the Financial District. The residential complex is comprised of 77 Gerrard, the original residential tower subject to rent control provisions, and 99 Gerrard, the newly developed luxury purpose-built rental tower. KingSett’s Canadian Real Estate Income Fund (“CREIF”) purchased the site comprising of 700 Bay and 77 Gerrard in 2012 due to its intensification potential and subsequently added a 32-storey residential tower at 99 Gerrard and four storeys overtop of and connected into the existing 77 Gerrard tower. 77 Gerrard (except 24th and 25th floors) and 700 Bay remained occupied during the development of 99 Gerrard, maintaining an income stream until project completion in 2020. The new building features a refined design with a transparent, inviting podium, which is visible from the street. With this new development, CREIF added 275 purpose-built rental units and 21,650 square feet of amenity space accessible to residents in both 77 and 99 Gerrard. Amenities include a landscaped rooftop terrace with BBQs and private dining spaces, rooftop dog run, pet spa, fitness centre featuring state-of-the-art equipment, indoor lap pool, and various entertainment spaces. This multi-residential development is an example of KingSett’s ability to identify value creation opportunities and execute throughout the life cycle of the asset.

Delivering value to office and retail tenants through flagship retail, office enhancements, and a reimagined street presence Located at the corner of Yonge and Bloor with direct subway access, 2 Bloor West is a Class ‘A’ office tower that recently underwent an extensive repositioning of its podium to create large format flagship retail space on Bloor Street. The building is now home to lululemon’s three-level flagship store and will soon feature SMEG’s first Canadian standalone store. lululemon signed the lease in March 2022, initiating construction for the podium renovation, and opened in June 2024. We collaborated with the retailer to navigate existing building constraints, such as low ceiling heights, and develop creative solutions that satisfied both parties. The finished space features a double-height glass façade and wraparound corner exposure, giving the store a prominent presence to complement its strategic location. The presence of lululemon and the proximity of other high-end brands on Bloor Street made this location desirable for SMEG’s flagship and first standalone store in Canada. The Italian home appliance brand known for their retro-inspired designs is set to open June 2025. In addition to the retail renovations, the office entrance was relocated to Yonge Street. The new lobby features a large video screen displaying rotating art by local artists. The upgrades have generated positive momentum for the building with 140,000 square feet of new and renewal leasing completed in the last 12 months. The retail repositioning demonstrates KingSett’s creativity and commitment to deliver the best experience for both office and retail tenants. With its prominence at street level on Bloor and strong office offerings, 2 Bloor West is well-positioned to be a resilient, long-term asset.

The second Housing Now site to break ground, bringing 1,484 homes, including 520 affordable rental homes, to City’s housing market (Toronto, ON) December 2, 2024 – Greenwin and KingSett Capital, in partnership with the City of Toronto, CreateTO, and Tridel, celebrated the start of construction on a new mixed-use, transit-oriented housing project adjacent to the TTC's Wilson Station that will deliver a total of 1,484 homes including 520 affordable rental homes. The City of Toronto, in partnership with CreateTO, is supporting the delivery of this project through the HousingTO 2020-2030 Action Plan's (“HousingTO Plan”) Housing Now initiative, which makes City-owned lands available to develop affordable rental housing. The site at 50 Wilson Heights Blvd., a former commuter parking lot, is being developed by Greenwin, KingSett Capital, and Tridel. The development will include a mix of studio-to three-bedroom rental homes available to residents of various income levels. In addition to housing, the project will include a childcare centre, community use space, a public park, a new public road and retail space. To advance the City's TransformTO climate action objectives, the development will target the Toronto Green Standard and will be serviced by a geothermal energy supply. Housing Now is a key housing supply program that supports the City's HousingTO Plan target of 65,000 new rent-controlled homes including 41,000 affordable rental, 6,500 rent-geared-to-income (“RGI”) and 17,500 rent-controlled homes by 2030. To date, the City has committed more than $1.3 billion in land value, capital funding and financial incentives to the program, making Housing Now one of the most significant municipal financial investments in housing underway. "Breaking ground at 50 Wilson Heights Blvd. is a milestone for Toronto's housing future. Greenwin is pleased to partner with the City of Toronto, CreateTO, KingSett Capital and Tridel on a property that combines affordable and market housing, vibrant community spaces, and geothermal-powered design. This project reflects our commitment to building inclusive, connected, sustainable neighbourhoods that will benefit Torontonians for years to come," said Kevin Green, President and CEO, Greenwin. "KingSett is a business built on relationships. Nowhere is this more evident than 50 Wilson Heights, where many partners in the private, government and agency sectors will come together at scale to address the challenge of affordable housing in Toronto. Our Affordable Housing Fund is well positioned to meet this ongoing challenge, and I would like to thank all of our partners for their continued support on this and future KingSett Affordable Housing Fund initiatives," said Jeff Thomas, Group Head, Development, KingSett Capital "Our vision for Toronto is to see families live, work and thrive without having to worry about securing affordable rents, accessing transit or finding childcare or green spaces for kids to play. This transit-oriented community brings all of these elements together, creating a sensible and replicable model for city-building. I am so pleased to see this project take flight and share my gratitude to everyone involved in making this a reality," said Mayor Olivia Chow. "Today's groundbreaking of 50 Wilson Heights Blvd. is a major milestone in CreateTO's commitment to addressing Toronto's housing challenges through leveraging City-owned land. By transforming a parking lot into a vibrant, mixed-use neighborhood, we are delivering much-needed housing alongside vital public spaces, community services and amenities. This milestone reflects the strength of public-private collaboration and partnerships in creating sustainable, livable communities that will benefit residents and our neighbourhoods," said Vic Gupta, CEO, CreateTO. About Greenwin Greenwin is one of Ontario's largest privately-owned, full-service property management and development firms. Founded in 1948, Greenwin manages more than $3.3 billion in real estate assets spanning across major urban centres in Central Canada. This portfolio includes more than 1 million square feet of commercial space and nearly 22,000 residential units. Greenwin is committed to investing in people and places to create exceptional, inclusive rental communities - one building at a time. About KingSett Capital Founded in 2002, KingSett Capital is a leading Canadian private equity real estate investment business which creates and co-invests in real estate investment solutions to deliver sustainable premium risk weighted returns. KingSett manages $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies. About Create TO CreateTO was formed in 2018 as the City of Toronto's real estate agency. The organization brings together stakeholders, partners and community members to ensure the best use of the City's real estate assets for today and tomorrow. CreateTO manages the City's $27 billion real estate portfolio, develops City buildings and lands for municipal purposes and delivers client focused real estate solutions – ensuring a balance of both community and economic benefits to build the city we love. About the City of Toronto Toronto is home to more than three million people whose diversity and experiences make this great city Canada's leading economic engine and one of the world's most diverse and livable cities. As the fourth largest city in North America, Toronto is a global leader in technology, finance, film, music, culture and innovation and climate action, and consistently places at the top of international rankings due to investments championed by its government, residents and businesses. About Tridel Celebrating 90 years of homebuilding, Tridel® is one of Canada's leading developers and builders of condominium residences, building homes since 1934. Tridel is part of the Tridel Group of Companies, which has delivered over 90,000 homes to date. Tridel develops socially and environmentally responsible condominium communities and invests in innovations that promote sustainable design, high performance in construction, social inclusion and cohesion, and community economic development. Tridel currently has more than 20 new communities under development in the Greater Toronto Area. Media Contacts Greenwin Jessica Green Director, Communications T: 416 994 9451 E: jgreen@greenwin.ca KingSett Capital David Ryan Managing Director, Edelman Smithfield T: 416 455 1927 E: david.ryan@edelmansmithfield.com