Title Sponsor

November 27, 2012 M E T R O TO R O N TO CO N V E N T I O N C E N T R E S O U T H B U I L D I N G

Corporate Sponsor Supporting Associations

publ icat ions@realpac.ca T: 416.642.2700

Platinum Sponsor

Gold Sponsors

To register, visit www.realestateforums.com and click on Global Property Market or call (416) 512-3807

“Why are Canadian pension funds,REITs and other investors

going abroad intointernational markets to

a very large degree?

“Where are the best investment

opportunities – the U.S.,‘old’ Europe, ‘new’ Europe,Middle East, South Africa,

Asia, South America?”

“The more we look at tier one

countries, the more we like the emerging

markets.”

Property markets around the world arereceiving a higher degree of attention from

institutions, fund managers, REITs, REOCs, privateinvestors, and high net worth individuals. This assetclass has earned a strong reputation as a potentialsource for higher yields and cash flows, but notwithout some careful risk assessment as a result ofthe hard lessons learned in the past few years.

Introducing the 7th annual Global PropertyMarket as a very targeted opportunity for strategicinformation and networking on investment anddevelopment in the tier one countries and emergingmarkets around the world. This year’s conference willbe especially important in order for investors tounderstand how much economic volatility can beexpected in 2013, and what strategies to pursue as aresult. The program will examine a range of trendsincluding the increased movement of Canadianpension funds and REITs into international markets.Where are there best investment opportunities: theUnited States, “old” Europe, “new” Europe, Asia, orLatin America? What are the major challenges facinginvestors in each of these markets? Are risks actuallypresenting opportunities?

THE REAL ESTATE WORLD IS COMING TO TORONTO

Canadians are significantlymore active in globalcommercial propertyinvestment. With billions ofdollars to deploy, what arethey looking for?

Global Property Market will be held Tuesday,November 27, 2012 at the Metro TorontoConvention Centre. It will be convened jointly withthe 21st annual Real Estate Forum, Canada’s largestannual conference for 2,250 senior real estatedecision-makers. The Forum will begin immediatelyfollowing Global Property Market on the eveningNovember 27 and continue through Thursday,November 29.

At these two consecutive events, you will be ableto make personal contacts with leading real estatedecision-makers and advisors from Canada andabroad, exchange information, and be updated onthe latest international investment, leasing,development and financing trends and opportunities.

The Chairmen’s reception that will end theprogram on the evening of November 27 is attendedby some 2,250 senior real estate executives fromacross Canada as well as various other marketsaround the world.

We look forward to seeing you or one of yourcolleagues in Toronto.

Sylvain FortierPresidentIvanhoé Cambridge Residential Conference Co-Chair

Michael TurnerSylvain Fortier

Michael TurnerSenior Vice President,InvestmentsOxford Properties Group Inc. Conference Co-Chair

YOU CAN BE APART OF IT.TUESDAY,NOVEMBER 27, 2012

TUESDAY, NOVEMBER 27, 2012

The Conference Program7:15 A.M.Registration and Continental Breakfast

8:00 A.M.Welcome and Opening RemarksCONFERENCE CO-CHAIRS:Sylvain Fortier, President, Ivanhoé Cambridge ResidentialMichael Turner, Senior Vice President, Investments, Oxford Properties Group Inc.

Sponsored by:

WHAT WERE THE MAJOR TRENDSIN 2012? WHY DID CANADA LEADTHE WESTERN MARKETS LASTYEAR? WHAT LIES AHEAD?An overview of how real estate has performed basedupon risk adjusted returns in major global markets overthe past year. How are the risk/return scores shifting? Inwhich markets? Can we expect any more cap ratecompression? What have been the “best in class”properties over this period of time? Which markets havehit “bottom” in the past twelve months and are enteringa phase of the cycle offering high quality investmentopportunities? Are there any markets that haveperformed above the norm? The presentation willinclude a risk adjusted ranking of markets around theworld. Canada was the best performing property marketin 2011 out of 24 major western markets surveyed in theIPD Global Annual Property Index with a return in of15.9%, compared to the 24-countryaverage of 9.8%. The U.S. propertymarket was the second best performer,clocking a 14.5% gain for the year.Simon Fairchild, Managing Director, IPD North America

HOW HAVE GLOBAL REAL ESTATEMARKETS BEEN PERFORMINGDURING THE ECONOMICTURBULENCE OF 2012? WHAT LIESAHEAD? WHERE SHOULD YOU BELOOKING?An examination of the most significant trends inproperty markets around the world during the pastyear. How have they been affected by the challengingeconomic conditions in many tier one countries? Whatimpact has the EuroZone debt crisis, the anemic U.S.economic performance, and other global volatility hadon investors and assets? Have the emerging marketsreceived more attention? How much liquidity is now inthe market? What are the major issues and challengesfacing investors, owners, and private and public equitydecision-making in a global context in 2013? Where isthe pricing of assets heading in international markets?Since investment is driven by fundamentals, whichmarkets are likely to attract the greatest investorinterest, eg. United States, Europe, old emergingmarkets, new emerging markets? Areinvestors now also focusing more onspecific cities than countries?Jacques Gordon, Global Strategist,LaSalle Investment Management

8:05 A.M.KEYNOTE PRESENTATIONSGLOBAL PROPERTY MARKET TRENDS AND FORECASTS:

GLOBAL PERSPECTIVES FROMPENSION FUNDS, PRIVATE EQUITY& REITs: PUSHING THE SPECTRUMIN A LOW COST OF CAPITALENVIRONMENTGiven the challenges faced by other asset classes, realestate in 2012 has outperformed many asset classesaround the world by offering investors steady andfavourable yields at much higher levels than the bondmarket. As a result, what is happening with allocationsto real estate among pension funds, institutionalinvestors, private equity funds, sovereign debt funds?Are all global pension funds increasing their allocationsto this asset class? Due to pressures for yields, forexample JP Morgan is increasing its asset allocationfrom 10% to 25%. REITs appear to also be attracting aconsiderable amount of attention and capitalavailability as investors like their stable growing yieldsand reduced volatility. There are however mixed viewsabout funds. Some suggest that there is a reducedenthusiasm for these investment vehicles especiallywith the liquidation of many open-ended funds inGermany. But in North America, there is a plethora ofnew and existing equity funds that are growing in sizeon an accelerated basis. In all instances, the challengefaced by many Chief Investment Officers is that morecapital is flowing out of conventional equity and fixedincome markets and into real estate. What will be theimpact and affect of all this additional capital lookingfor deployment in real estate asset class?MODERATOR:Sylvain Fortier, President, Ivanhoé Cambridge ResidentialPANEL:Peter Ballon, Vice President & Head of Real EstateInvestments – Americas, CPP Investment BoardJeffrey Barclay,Managing Director, Goldman Sachs & Co. Marc-André Flageole, Portfolio Manager, Asia-Pacific, Presima Inc.Ulrich Steinmetz, Managing Director, RREEF Investment GmbH

To register, visit www.realestateforums.com and click on Global Property Market or call (416) 512-3807.

TUESDAY, NOVEMBER 27, 2012

10:00 A.M.MORNING REFRESHMENTS

10:25 A.M.CONCURRENT SESSIONS (Select AA1 or AA2)

AA1: NOTWITHSTANDING ANANEMIC ECONOMICPERFORMANCE, IS THIS THE TIMETO INCREASE YOUR EXPOSURE INTHE UNITED STATES?During the past four years, many investors have playedthe waiting game expecting to find growing levels ofdistressed assets and portfolio and therefore greatbuying opportunities. While there have been a smallnumber of these types of selloffs, they have been theexception. This session will examine the U.S. market,what has really been occurring with the growth inimproving returns, where it is now in the cycle, andwhat lies ahead. Where are the best investmentopportunities at this time, eg. core vs. secondarymarkets? Who are the most prevalent buyers andsellers? Do all cash players have the greatest clout inthis market? Where at cap rates heading? Are there anyscenarios for an improved U.S. economy in 2013? Whatare the speed bumps to watch for? MODERATOR:Jim Fetgatter, Chief Executive, AFIRE PANEL:David Arthur, Managing Partner, North America, Real Estate Investments, Brookfield Property GroupPaul CampbellJohn Perkins, Managing Director and Co-Head, U.S.Real Estate Investment Banking, RBC Capital MarketsSusan Wallace, Executive Managing Director, Private Equity Group, USAA Real Estate Company

AA2: SPOTLIGHT ON LONDON:WHAT DO YOU NEED TOUNDERSTAND ABOUT THIS MARKETAND WHY IT APPEARS TO BEWITHSTANDING EUROPEAN ISSUES?A very focused session providing an informativeunderstanding of real estate investment, developmentand leasing in London – one of the world’s majorproperty markets. To what extent has it reboundedfrom the lows of 2009? Why has London been able todo so? What is attracting investors to this city? Whatare local partners looking for from prospectiveinvestors? What has enabled London’s property marketto withstand any impacts of European economicissues? The discussion will also examine: an overview ofthe new regulatory environment; the quality ofpartnering arrangements under joint ventures withentities like the Crown, Westfield, British Land et al;how the product could be affected by the duediligence exercise with some examples of priceadjusting "discoveries"; and tenant friendly leases, non-binding offers, and the unusual nature of contracts. MODERATOR:Nicholas Cheffings, Chairman, Hogan Lovells International LLPPANEL:Simon Barrowcliff, Executive Director, Central LondonCapital Markets, CBRE LimitedDion Panambalana, Partner, Hogan Lovells International LLPThomas von Hahn, Partner, Blakes

11:35 A.M.CONCURRENT SESSIONS (Select BB1 or BB2)

BB1: FOCUS ON THE NEW AND OLDEMERGING MARKETS IN ASIA ANDTHE MIDDLE EAST: IS IT TIME FORTURKEY, INDONESIA AND OTHERMARKETS?Few emerging markets in Asia have attracted as muchsignificant investor curiosity over the past decade asthose of China and India. There is some thought nowthat opportunities in China may have peaked while Indiacontinues to be a great enigma. Are investors nowshifting their attention towards other emerging markets

in this region? And at the same time, Turkey is nowincreasing in importance as a bridge between Europe andAsia offering new opportunities on the same level asBRIC. Which emerging markets in Asia Pacific are nowmoving to the foreground and attracting greater investorinterest? Is there a lack of transparency, findingappropriate local joint venture partners or any otherissues that are placing risk and constraints on theseoptions? How do you evaluate these options? How dounderwrite them? How do you make co-investmentwork? Is Asia a safer market for your capital over Europe? MODERATOR & PRESENTER:John Saunders, Chief Executive Officer – Asia, MGPAPANEL:Chris Blanchard, Portfolio Manager, Emerging Markets,Presima Inc.Karen Brennan, Managing Director, StrategicPartnerships, LaSalle Investment Management (invited)Corrado Russo, Managing Director, Global Head ofSecurities, Timbercreek Asset Management

BB2: TRENDS IN GERMANY, FRANCE,ITALY, SPAIN AND OTHEREUROPEAN MARKETS: IS THERE ADIVISION EVOLVING BETWEEN THEHAVES AND THE HAVE NOTS?A wide ranging session that will examine all facets ofEurope and the very diverse economies and propertymarkets across this continent. To what extent is there animbalance across the different European submarkets:Western vs. Central vs. Southern vs. Eastern? How do youcompare tier one countries vs. emerging markets? DoGermany, France, Italy and Spain represent the majority ofinvestor interest in mainland Europe? Which cities areattracting the greatest attention? While there still aresome opportunities, a key question is how do you getthere, e.g. joint ventures, direct investment, some otherapproach? Which markets have bottomed out? Howsignificant has the change been in Europe in 2012 from lastyear, eg. volumes are decreasing and financing is dryingup? How much volatility are these markets experiencing asa result of EuroZone economic and financial issues? MODERATOR & PRESENTER:Brad Olsen, President, Atlantic Partners Ltd.PANEL:Jane Gavan, President & CEO, Dundee International REITKarin Koks, Head of Global Mandates, Property Multi-Manager, Aberdeen Asset Management Roger Orf, Head of Real Estate, Europe, Apollo Global Real Estate Management

12:40 P.M.NETWORKING LUNCHEON

To register, visit www.realestateforums.com and click on Global Property Market or call (416) 512-3807.

Sponsored by:

Multimedia Sponsor:

CC2: WHY IS DEVELOPMENTINCREASINGLY VIEWED AS APREFERRED GROWTH STRATEGY?WHAT ARE THE CHALLENGES WITHTHIS FORM OF INVESTMENT? This session will examine the significant interest andshift towards new development as an appropriategrowth strategy. Strengthening fundamentals in somemajor global markets are supporting an increase indevelopment on a scale that has not been seen fordecades in office, retail, industrial and even multi-unitresidential. Construction activity is occurring in manyforms that include redevelopment and intensification.For some companies, a key part now of their growthstrategy is develop new properties rather than try toacquire assets that are priced very high. What are thechallenges that an investor faces in undertaking newprojects in foreign markets? How do you deal withthem? How do joint ventures work between two ormore distinct and distant partners? What proportion ofprojects are green buildings? What are some examplesof innovative financing, design and construction thatare being implemented? MODERATOR:Chris Lawrence, Executive Vice President, InvestmentManagement, Bentall Kennedy PANEL:David Brown, Partner, Deloitte Real EstateRobert Byron, Managing Principal, Blue Vista Capital Management LLCPaul Gleeson, Executive Vice President, Development,Ivanhoé CambridgeRichard Pilkington, Senior Vice President,Development, Oxford Properties Group Inc.

1:50 P.M.CONCURRENT SESSIONS (Select CC1 or CC2)

CC1: FOCUS ON LATIN AMERICA:ARE THERE STILL GOODOPPORTUNITIES IN BRAZIL OR ISTHIS THE RIGHT TIME TO ENTERPERU, COLOMBIA, MEXICO ANDOTHER LATIN AMERICA MARKETS?While a considerable focus in emerging markets hasbeen on the BRIC countries, has the trend been so longand strong that assets in Brazil may already be priced toperfection? For many investors, Brazil has evolved frombeing viewed as an emerging market to a core holdwith cap rates that reflect that status. Pricing is headyin Rio and Sao Paulo. However, there are 18 other citieswith populations of at least one million that are ratherunderdeveloped. The demographics of this country arelike those of the U.S. and Canada in the 1950s: largerhouseholds with a significant population of youth.Retail potential is still very strong with only 400shopping centres in a country with a population of 200million. However, to what extent are investors nowmoving into other emerging markets across LatinAmerica? How much more traction are the propertymarkets in Columbia and Peru gaining at this time? Isthe former now like Brazil was five years ago? Or areother countries offering better opportunities? Whatkind of returns are Latin American markets offering? Towhat extent are fundamentals in some of the marketsmuch better than most investors think they are? Hasthe Mexican market now moved on the risk/rewardscale to where it is worth a second look? MODERATOR:Jay Marling, CEO & Managing Principal, Capright Property Advisors LLCPANEL:Felipe Fulcher, President & Partner, 5R Shopping Centers, BrazilEduardo Güémez, Managing Director & CEO, Mexico,LaSalle Investment ManagementMichael Rodda, Partner, Cross-Border, CapitalMarkets Group, Cushman & Wakefield LLPClaude Sirois, Executive Vice President, CommercialInvestment & Emerging Markets, Ivanhoé Cambridge

3:00 P.M.TO WHAT EXTENT HAVE INVESTORSSHIFTED THEIR ATTENTION IN THE PAST YEAR? ARE THEY NOW FOCUSEDON SPECIFIC CITIES RATHER THANCOUNTRIES? • The rise in importance of the city state: to what extent are

investors now focused on 75 major cities rather than 5 to 6countries? What would be the top 10 cities/states on mostinvestor’s list?

• Is Europe all bad? Is Asia all good? Which is safer and whichprovides better returns?

• Where is the greatest potential growth going to come from?What are contrarians doing?

• What is the outlook for debt, equity and capital markets forthe next twenty-four months?

• Managing risk in today’s market: how has investorphilosophy changed? How should you play the globalmarkets now? Are investors creating risk by placing toomuch pressure on “safe” markets?

• How much fear is there and how do you overcome it?• While the flight of capital towards quality assets continues

as in the past, how far outside of these parameters areinvestors and lenders prepared to move in 2013? To whatextent are the core markets distorted because of the surgeof capital?

MODERATOR:Michael Turner, Senior Vice President, Investments, Oxford Properties Group Inc. PANEL:Michael Catford, Vice President, Real Estate Investment,HOOPPBlair Hagkull, Managing Director, Jones Lang LaSalle CanadaJonathan Hull, Managing Director, EMEA Capital Markets,CBRE Jeffrey Scott, Senior Managing Director, Real EstateInvestment Banking, Eastdil Secured

4:00 P.M.ADJOURNMENT

6:00 P.M.CHAIRMEN’S RECEPTIONCANADA’S LARGEST ANNUAL REALESTATE NETWORKING EVENTNetworking opportunity with 2,250 senior realestate executives attending The Real EstateForum from across Canada, the United States,Europe and Asia. Canadian Room, FairmontRoyal York Hotel

To register, visit www.realestateforums.com and click on Global Property Market or call (416) 512-3807.

TUESDAY, NOVEMBER 27, 2012

QUESTIONS?:  If you have any questions, please call us at (416) 512-3807.

Journal Sponsor:

Global Property Market will answer the questions ofindustry professionals active in acquisitions,development, equity investment, financing, jointventures, and sales of all forms of investmentproperties and real estate: office, industrial, retail,multi-unit residential, land, hotels and hospitality.

REGISTRATION: $425 (plus HST) includes continental breakfast,luncheon, refreshments and, admission toChairmen’s Reception for the Real Estate Forum.

A $50 discount for Real Estate Forumregistrants is also available. To register, visitwww.realestateforums.com and click onGlobal Property Market or call (416) 512-3807.

The program will be of particular value for:• Real estate executives with responsibility for asset management,

acquisitions and dispositions, development, finance, and investment• Pension fund chief investment officers, portfolio managers, and real

estate advisors• Banks, life insurance companies, and other institutional investors and

lenders • Public and private equity capital providers, portfolio and fund managers,

and investment advisors active in real estate deal-making• Private companies and individuals active in real estate investment and

financing• Intermediaries, financial and legal advisors including mortgage brokers,

real estate brokers, investment bankers, lawyers, and accountants.

WHO WILL ATTEND?

SPONSORSHIP:  For Corporate Sponsorship Information, contact Frank Scalisi at (416) 512-3815 or frank.scalisi@informacanada.com

�

Lanyard Sponsor:

©2012 Informa Canada Inc.