Governance

Governance - blue

Dream Alternatives is committed to sound and effective corporate governance. Our goal is to not only meet the requirements established by securities laws and regulators but also to uphold the spirit of “good corporate governance” and we always strive to communicate in an open, honest and transparent manner.

 

IndependentTrust BoardAudit Committee of the Trust BoardGP BoardAudit Committee of the GP BoardGovernance, Compensation & Environmental Committee
Pauline AlimchandaniMember
Michael J. CooperMember
James EatonYMemberChairMemberChairMember
Joanne FerstmanYMemberMember
P. Jane GavanMember
David KaufmanYMemberMemberMemberMemberChair
Andrew LaphamYChairMemberChairMemberMember

Trust Board

James Eaton
James Eaton
David Kaufman
David Kaufman
Andrew Lapham
Andrew Lapham
James Eaton
Mr. James Eaton is the President of Weatons Holdings, a Canadian private holding company. Mr. Eaton has been active in the founding, growth and divestiture stages of the Weatons portfolio of companies across a wide variety of industries. His responsibilities at Weatons include overseeing numerous private investments and a portfolio of listed securities. He serves on the boards of JC Clark, Defyrus, Syncordia Technologies and Healthcare Solutions and Ceviche. Mr. Eaton also serves on the boards of the Canadian Art Foundation, the True Patriot Love Foundation, and is a trustee of the John David and Signy Eaton Foundation. He holds a B.A. from the University of Colorado at Boulder. In 2012, Mr. Eaton was awarded a Queen Elizabeth II Jubilee Medal honouring significant contributions and achievements by Canadians. Mr. Eaton will be an Independent Director.
David Kaufman
Mr. David Kaufman is President and CEO of Westcourt Capital Corporation and has more than 20 years of experience in the legal, real estate and investment industries. After graduating from the University of Toronto’s Faculty of Law, Mr. Kaufman gained his real estate and private equity experience with Magna Golf Club, Menkes Developments and Lynx Equity. Mr. Kaufman then founded Westcourt Capital in 2009 with a focus on sourcing and conducting due diligence on capital-protecting alternative investment managers and funds. Mr. Kaufman is a member of the Law Society of Upper Canada and is a CAIA (Chartered Alternative Investment Analyst) charterholder. Mr. Kaufman writes a bi-weekly column, “Alternative Investor”, for the Financial Post, and is a regular contributor and co-host on CBC's Lang & O'Leary Exchange. Mr. Kaufman was also a regular host of BNN’s “Alternative Investing”. Mr. Kaufman will be an Independent Director.
Andrew Lapham
Mr. Andrew Lapham has more than 15 years of principal investing experience in both public and private markets and is currently Executive Advisor to The Blackstone Group in Canada where he focuses on sourcing and evaluating large investment opportunities. Mr. Lapham was previously with Onex Partners, where he led the firm’s energy investing practice and was involved with multiple transactions across other industries, focusing particularly in hospitality and manufacturing. Prior to his time with Onex, Mr. Lapham worked at Odyssey Partners, a mid-market private equity firm in New York, and was a hedge fund portfolio manager at John A. Levin & Co., a multi-strategy asset management firm. Andrew received his Bachelor’s degree from Princeton University.
Read more about our Trust Board

GP Board

Pauline Alimchandani
Pauline Alimchandani
Michael Cooper
Michael J. Cooper
James Eaton
James Eaton
Joanne Ferstman
Joanne Ferstman
Jane Gavan
P. Jane Gavan
David Kaufman
David Kaufman
Andrew Lapham
Andrew Lapham
Pauline Alimchandani

Ms. Pauline Alimchandani is the Chief Financial Officer of Dream and is responsible for the strategic development and ongoing financial management of the business. Ms. Alimchandani also acts as the Chief Financial Officer of Dream Alternatives. Ms. Alimchandani currently oversees all aspects of corporate finance, corporate strategy, financial planning & analysis, development finance, corporate accounting, financial reporting, debt, treasury and taxation for all of Dream's divisions. Prior to her current role, Ms. Alimchandani was the Vice President, Corporate Strategy of Dream where she worked closely with the CEO on capital allocation decisions, capital markets strategy and corporate transactions. Prior to joining Dream in 2013, Ms. Alimchandani covered the Canadian real estate sector as a Vice President in equity research at BMO Capital Markets.   Previously, Ms. Alimchandani worked in both the Audit and Assurance and Consulting & Deals practices at PricewaterhouseCoopers LLP. She obtained her BBA degree from the Schulich School of Business at York University before obtaining her CA designation in 2008 and her CFA charterholder in 2012. Ms. Alimchandani currently serves on the board of directors of the general partner of Dream Alternatives Master LP and the Michael Garron (formerly Toronto East General) Hospital Foundation.   

Michael Cooper
Michael Cooper is the Portfolio Manager of Dream Hard Asset Alternatives Trust (“Dream Alternatives”). Mr. Cooper is also the President and Chief Responsible Officer of Dream Asset Management Corporation. (“DAM”), and Dream Unlimited Corp. (“Dream”), and has an extensive track record in the real estate industry dating back to 1986. He helped found DAM (formerly Dundee Realty Corporation) in 1996. Under his leadership, the business has grown to $15 billion of commercial real estate, residential land and housing development, and renewable energy infrastructure assets under management. Among his accomplishments, Mr. Cooper is responsible for the formation of the four TSX-listed investment trusts: Dream Office REIT, Canada’s largest office REIT; Dream Global REIT, a Canadian REIT investing in commercial real estate assets exclusively outside of Canada; and, Dream Industrial REIT, a pure-play industrial REIT in Canada, and most recently the formation of Dream Alternatives. Prior to starting Dream, Michael was the founder and portfolio manager of Dynamic Real Estate Fund, the first mutual fund in Canada to invest solely in publicly traded real estate securities. He earned a Bachelor of Laws from the University of Western Ontario and a Master of Business Administration from York University. Mr. Cooper currently sits on the board of directors of Dream Unlimited Corp., Dream Alternatives, Dream Global REIT, Dream Industrial REIT, Dream Office REIT, EL Financial Ltd., and Real Property Association of Canada (“REALpac”).    
James Eaton
Mr. James Eaton is the President of Weatons Holdings, a Canadian private holding company. Mr. Eaton has been active in the founding, growth and divestiture stages of the Weatons portfolio of companies across a wide variety of industries. His responsibilities at Weatons include overseeing numerous private investments and a portfolio of listed securities. He serves on the boards of JC Clark, Defyrus, Syncordia Technologies and Healthcare Solutions and Ceviche. Mr. Eaton also serves on the boards of the Canadian Art Foundation, the True Patriot Love Foundation, and is a trustee of the John David and Signy Eaton Foundation. He holds a B.A. from the University of Colorado at Boulder. In 2012, Mr. Eaton was awarded a Queen Elizabeth II Jubilee Medal honouring significant contributions and achievements by Canadians. Mr. Eaton will be an Independent Director.
Joanne Ferstman
Ms. Joanne Ferstman currently serves as a corporate director, sitting on public company boards. Over an 18 year period and until her retirement in June 2012, Ms. Ferstman held a variety of executive positions with the Dundee Group of Companies. Most recently, Ms. Ferstman was the President and Chief Executive Officer of Dundee Capital Markets Inc., a full service investment dealer with principal businesses including investment banking, institutional sales and trading and private client financial advisory. Prior to January 31, 2011, Ms. Ferstman was Vice-Chair and Head of Capital Markets of DundeeWealth Inc., a diversified wealth management company. Prior to 2009, Ms. Ferstman was Executive Vice President and Chief Financial Officer of Dundee Wealth Inc. and Executive Vice President, Chief Financial Officer and Corporate Secretary of Dundee Corporation. In these senior financial roles, Ms. Ferstman was actively involved in all corporate strategy, including acquisitions and financings, and was responsible for all public financial reporting. In addition, Ms. Ferstman regularly represented Dundee Corporation on investee company boards and audit committees across various sectors. Prior to joining the Dundee Group of Companies, Ms. Ferstman spent four years as Chief Financial Officer for a national securities firm and five years at a major international accounting firm. Ms. Ferstman earned a Bachelor of Commerce and a Graduate degree in Public Accountancy from McGill University and is a Chartered Professional Accountant.
Jane Gavan
Ms. Jane Gavan is the President, Asset Management of Dream and has more than 26 years of experience in the real estate industry. Ms. Gavan is primarily responsible for international real estate investments and serves as Chief Executive Officer of Dream Global REIT. Since joining Dream in 1998, Ms. Gavan has played a key role in numerous transactions, including the acquisition of Lehndorff Properties, the 2003 business restructuring that resulted in the creation of Dream Office REIT, Dream Office REIT’s $2.4 billion portfolio sale to GE Real Estate, and the initial public offering of Dream Global REIT. Prior to joining Dream, Ms. Gavan served as legal counsel for numerous companies, including Oxford Properties Group and Denison Mines Corp., and began her career in private practice at Blake Cassels & Graydon LLP, specializing in real estate and corporate finance. She earned an Honours Bachelor of Commerce from Carleton University and a Bachelor of Laws from Osgoode Hall, York University. Ms. Gavan currently sits on the board of directors of Dream Unlimited Corp., Dream Global REIT, Dream Alternatives Trust, the Women's College Hospital Foundation, and is on the Patron's Council for Community Living Toronto.
David Kaufman
Mr. David Kaufman is President and CEO of Westcourt Capital Corporation and has more than 20 years of experience in the legal, real estate and investment industries. After graduating from the University of Toronto’s Faculty of Law, Mr. Kaufman gained his real estate and private equity experience with Magna Golf Club, Menkes Developments and Lynx Equity. Mr. Kaufman then founded Westcourt Capital in 2009 with a focus on sourcing and conducting due diligence on capital-protecting alternative investment managers and funds. Mr. Kaufman is a member of the Law Society of Upper Canada and is a CAIA (Chartered Alternative Investment Analyst) charterholder. Mr. Kaufman writes a bi-weekly column, “Alternative Investor”, for the Financial Post, and is a regular contributor and co-host on CBC's Lang & O'Leary Exchange. Mr. Kaufman was also a regular host of BNN’s “Alternative Investing”. Mr. Kaufman will be an Independent Director.
Andrew Lapham
Mr. Andrew Lapham has more than 15 years of principal investing experience in both public and private markets and is currently Executive Advisor to The Blackstone Group in Canada where he focuses on sourcing and evaluating large investment opportunities. Mr. Lapham was previously with Onex Partners, where he led the firm’s energy investing practice and was involved with multiple transactions across other industries, focusing particularly in hospitality and manufacturing. Prior to his time with Onex, Mr. Lapham worked at Odyssey Partners, a mid-market private equity firm in New York, and was a hedge fund portfolio manager at John A. Levin & Co., a multi-strategy asset management firm. Andrew received his Bachelor’s degree from Princeton University.
Read more about our GP Board

Committees

The Trust Board and GP Board believe that their committees assist in the effective functioning of the Boards and help ensure that the views of  Independent Trustees & Directors* are effectively represented.

 

The Board have established three committees:

  • Audit Committee of the Trust Board;
  • Audit Committee of the GP Board; and
  • Governance, Compensation and Environmental Committee.

Independent Trustee or Director

A Trustee or Director that is independent within the meaning of NI 58–101. An Independent Trustee or Director is one who is not an employee or executive officer of Dream and who is free from any direct or indirect relationship which could, in the view of the Board, be reasonably expected to interfere with independent judgment.

Read more about our Committees

Charters & Policies

Dream Alternatives Trust  is committed to sound and effective corporate governance. Our goal is to not only meet the requirements established by securities laws and regulators but to also uphold the spirit of ‘good corporate governance.’

Real more about our Charters & Policies

Sustainability

We believe sustainability isn’t an option, it’s a necessity. Therefore, it is our responsibility to work in a way that is sustainable for the environment, our employees, and our company.

When it comes to sustainability, we are focused on three areas:

Environment

Environment
We integrate waste management policies to our office buildings, and invest in renewable energy production.

Social

Social
We encourage employee engagement and well-being, and invest in the communities in which we live and work.

Governance

Governance
We conduct our business in an ethical manner and have a board committee that oversees the company’s good corporate governance.

Sustainability Highlights

csrstats* Environmental performance data reflects the operations of Dream Office REIT only (unless otherwise indicated) and covers the performance period of January 1st to December 31st, 2014.
We are pleased to present our first Corporate Sustainability Report. The report showcases our sustainability commitment to our stakeholders and highlights our aspiration to build better communities for people to work and live in.

Sustainability is a focus of our business strategy, in this report you will read many examples of how we are building better communities, such as:

  • Initiatives that are saving energy, water and reducing landfill waste at Dream properties across the country
  • Collaborative endeavors aimed at moving our entire industry forward through partnerships with organizations such as Women’s College Hospital, Right to Play and the Shoebox Project, just to name a few.
  • Investments into sustainable projects that will strengthen and enhance the communities that we operate in and serve

We view our Corporate Sustainability Report as an opportunity to highlight our commitment to our key stakeholder groups. For investors, it means greater transparency. For tenants, it means working together to help them succeed. For employees, it means strengthening our concept of the “Dream family.” And for communities, it means building better spaces that serve the communities’ needs.