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

At KingSett Capital, our values define who we are. Our Management Committee shares the core value they're prioritizing into 2026. "I would say it's relationships. It's core to our business. Everything we do relies on a relationship, whether it's our leasing program, our operating program, debt, anything we do involves a relationship. So for me, relationships are key." William (Bill) Logar, Chief Asset Management Officer "The one core value I'd like to see the team focused on in 2026 is intensity, intensity in putting capital to work. This will set us up for success and strengthen our returns." Scott Coates, President, KingSett Mortgage Corporation "When capital tightens, intensity is the key driver that moves projects forward." Jeff Thomas, Group Head, Development "Integrity shows up in how we underwrite, how we communicate, how we interact with our partners. When we lead with integrity, everything else follows." Aliyah Mohamed, Chief Capital Officer "Everything we do in the investment team is about relationships. It's so important to build them, to maintain them, to curate them, to honour them over the long-term and build friendships amongst those who you intend to do business with." Colin Baryliuk, Chief Investment Officer "When it comes to our core values, I think about them more as acting symbiotically. They all act together and feed off one another, and ultimately lead to the cornerstone of what I think of as the foundation of KingSett's edge, which is the power of our relationships. And that's, at the end of the day, the guiding light that marches us forward." Rob Kumer, Chief Executive Officer

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