Dream Global REIT is an unincorporated, open-ended real estate investment trust that provides the opportunity to invest in commercial real estate outside of Canada.
With a diversified, growth-oriented portfolio of commercial properties, we aim to provide investors with stable, sustainable and growing cash flows. We invest in markets with a stable business and operating environment, a liquid market for real estate investments, a legal framework that provides adequate rights and protections for property owners and a manageable foreign investment regime.
Dream Global REIT enables investors to diversify their holdings, as Canada’s major pension plans and other large institutional investors have done, by incorporating international commercial real estate into their portfolios. At the same time, investors have the benefit of a well-managed REIT and a proven management team.
We are committed to:
- creating better communities to work in;
- managing our investments to provide stable, sustainable and growing cash flows through investments in commercial real estate located outside of Canada. With the exception of one asset located in Vienna, Austria, all assets are currently located in Germany.
- building a diversified, growth-oriented portfolio of commercial properties;
- capitalizing on internal growth and seeking accretive acquisition opportunities in our target markets;
- growing the value of our assets and maximizing the long-term value of our Units through the active and efficient management of our assets; and
- providing predictable cash distributions per unit, on a tax-efficient basis.
Dream Global REIT’s core strategy is to invest in income-producing properties outside of Canada that provide stable, sustainable and growing cash flows by:
- optimizing the performance, value and cash flow of our portfolio;
- diversifying our portfolio to mitigate risk;
- investing in stable income-producing properties outside of Canada; and
- maintaining and strengthening our conservative financial profile.
Dream Global REIT is managed by Dream Asset Management Corporation, one of Canada’s leading real estate companies with over 1,000 employees and approximately $15 billion of assets under management in North America and Europe.
Dream’s operating businesses include:
Homes by Dream – an award winning home and condominium developer;
Dream Development – Canada’s largest residential developer with ~10,000 acres of land;
Dream Centres – focused on developing retail shopping destinations in our residential communities; and
Renewable Power – we invest in renewable energy infrastructure.
For a complete overview please see our Dream Brochure.
Our team is made up of the industry’s smartest, most dedicated, knowledgeable and experienced real estate investment, management and financial professionals that have a proven track record of creating value.
Ms. Jane Gavan is the President and Chief Executive Officer of Dream Global REIT. She is also President, Asset Management of Dream Unlimited and Chief Executive Officer of Dream Office REIT, with more than 26 years of experience in the real estate industry. Since joining Dream in 1998, Ms. Gavan has played a key role in numerous transactions including Dream’s acquisition of Lehndorff Properties, the 2003 business restructuring that resulted in the creation of Dream Office REIT, Dream Office REIT’s $2.3 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 law practice with Blake, Cassels & Graydon LLP, specializing in real estate and corporate finance. She earned an Honours Bachelor of Commerce degree from Carleton University and a Bachelor of Laws degree 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.
Ms. Tamara Lawson is the Chief Financial Officer of Dream Global REIT and has over 30 years of finance, accounting, asset management, taxation, IT, HR, acquisitions, corporate governance, investor relations and capital markets experience. She is responsible for all financial matters related to Dream Global REIT. Prior to joining Dream Global, Ms. Lawson was the CFO of Starlight Investments Ltd., a real estate investment and asset management company. Prior to that, Ms. Lawson was the CFO for InnVest REIT, a TSX-listed real estate investment trust, and the CFO of Westmont Hospitality Group, a global investment and management company. Ms. Lawson holds a Master of Business Administration degree from the Schulich School of Business and is a Chartered Professional Accountant (CA). Ms. Lawson currently sits on the boards and audit and governance committees of American Hotel Income Properties REIT.
Mr. Michael Schwöbel is Managing Director of Dream Global Advisors, Dream Global REIT’s asset management platform in Europe. As Head of Real Estate, Europe of Dream Global REIT, Michael oversees all Real Estate advisory services in Germany and Europe including leasing, operations, dispositions, asset strategy, repositioning and value add initiatives.
Prior to joining Dream in September 2012, Mr. Schwöbel was Head of Leasing, Germany of Fortress Investment Group for six years and was in charge of several assignments at Deutsche Bank’s Corporate Real Estate division for more than eight years. Mr. Schwöbel holds a degree in Business Administration and a postgraduate degree in Real Estate Economics from European Business School.
Mr. Alexander Sannikov is responsible for portfolio management for Dream Global REIT. Previously, Mr. Sannikov oversaw investment analysis and due diligence for all acquisitions completed by Dream Global REIT. Mr. Sannikov joined Dream in 2008 and has held various positions in areas of research and analysis, acquisitions and investments. Prior to joining Dream, Alexander was with American Appraisal in Moscow, Russia. He holds a Bachelor of Applied Mathematics degree from the Moscow State University and a Master of Finance degree from the University of Toronto.
Mr. Bruce Traversy is a Senior Vice President of DAM and has over 28 years of experience in the real estate industry. Bruce is head of investments internationally as well as asset management on behalf of overseas clients. Since joining Dream in 1997, Mr. Traversy’s past functional responsibilities have included research and analysis, investor relations, asset management and Canadian commercial property investments. Since 2003, Mr. Traversy has played a key role in property acquisitions and dispositions on behalf of clients including Dream Office REIT, Dream Industrial REIT and Dream Global REIT, totalling approximately $18 billion. Prior to joining Dream, Mr. Traversy was a senior consultant with an international property advisory firm. Mr. Traversy earned an Honours Bachelors of Arts degree in urban development from the University of Western Ontario.
Mr. Marc Nickel is the Head of Leasing, responsible for Dream Global REIT’s leasing platform across all of the Trust’s real estate markets. Prior to joining Dream Global, Marc was the Head of Asset Management Leasing at GE Real Estate GmbH in Frankfurt, where he was responsible for setting up GE’s German leasing department, and prior to that, he was the Head of Leasing for BNP Paribas Real Estate GmbH in Düsseldorf.
Marc holds a Real Estate Economics degree (IRE|BS) from the International Real Estate Business School.
Mr. Mark Goehring is Director, Strategic Assets & Projects for Dream Global Advisors Germany GmbH, Dream Global REIT’s German asset management platform. He is responsible for advising on the strategic positioning of the properties in Germany with a focus on optimizing value at every stage of the property life cycle. Prior to joining Dream, Mark was responsible for various commercial real estate developments in excess of $1 billion Euros in Germany as Vice Managing Director at Jupiter GmbH, Project Director at Multi Development and Project Manager at Vivico Real Estate. Mark holds a Master of Science in Civil Engineering (Diplom Ingenieur) from University of Technology Darmstadt and a postgraduate degree in real estate economics from the European Business School in Oestrich Winkel.
Ms. Jennifer Bachmann is the Head of Asset Management for Dream Global REIT. Jennifer is responsible for operations and management services for the Trust’s assets. Prior to joining Dream in 2013, Jennifer was a Key Account Manager for Treureal, a German wide operating management services company, and prior to that was in charge of providing high-quality property and asset management services for international investors like Tishman Speyer, Morgan Stanley and Pears Global. Jennifer studied Business Engineering and holds a degree in Real Estate Economics from Baden-Wuerttemberg Cooperative State University (DHBW) & ADI.
Our board of trustees is made up of highly experienced, dedicated and knowledgeable professionals who each have expertise in all key areas of Dream’s businesses. Our board currently consists of 7 members:
|Independent||Audit Committee||Governance, Compensation & Environmental Committee||Executive Committee|
|Dr. R. Sacha Bhatia||Y||Chair|
|Michael J. Cooper||Chair|
|P. Jane Gavan||Member|
|J. Michael Knowlton||Y||Member||Member|
Dr. Bhatia is the Director of the Institute for Health System Solutions and Virtual Care (WIHV) at Women’s College Hospital, an innovation laboratory that develops and tests new ideas, new programs and new policy approaches in the world of ambulatory care, and then helps to scale them up across Ontario and beyond. Dr. Bhatia is also a staff cardiologist at Women’s College Hospital and at University Health Network. In addition, Dr. Bhatia serves as Assistant Professor in the Department of Medicine at the University of Toronto and at the Institute for Health Policy Management and Evaluation and is an adjunct scientist at the Institute for Clinical Evaluative Sciences. Dr. Bhatia received his medical degree and MBA at McGill University and received his internal medicine and cardiology training in Toronto.
Mr. Detlef Bierbaum is a corporate director with extensive experience in the banking and financial services industry. Mr. Bierbaum is currently a Member of the Supervisory Board with Sal. Oppenheim KAG, a fund management company in Köln, Germany. Prior to his retirement in March 2010, Mr. Bierbaum was a Member of the Supervisory Board with Bankhaus Sal. Oppenheim jr. & Cie and from 1991 to 2008, he held the position of Managing Partner with responsibility for asset management. In addition, from 2002 to 2008, he was also responsible for investment banking of Bankhaus Sal Oppenheim jr. & Cie. Prior to 1991, he was the Chief Financial Officer of the Nordstern Insurance Companies based in Cologne. He is a member of the Board of Directors of a number of companies in the asset management and banking sectors based in Germany, England, Luxembourg and the U.S. Mr. Bierbaum is a graduate of the Universities of Cologne and Munich where he studied commercial banking and business administration.
Mr. Michael J. Cooper is the Vice-Chairman of Dream Global REIT. He is also the President and Chief Responsible Officer of Dream Unlimited Corp. (“Dream”), and founder of Dream Asset Management Corporation (“DAM”), the REIT’s asset manager. He has an extensive track record in the real estate industry dating back to 1986. He is also the Chairman of Dream Office REIT. 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 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; Dream Industrial REIT, a pure-play industrial REIT in Canada; and, most recently, the formation of Dream Hard Asset Alternatives Trust (“Dream Alternatives”), a mutual fund trust focused on hard asset alternative investments. He earned a Bachelor of Laws degree 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”).
Ms. Jane Gavan is the President and Chief Executive Officer of Dream Global REIT. She is also President, Asset Management of Dream Unlimited and Chief Executive Officer of Dream Office REIT, with more than 29 years of experience in the real estate industry. Since joining Dream in 1998, Ms. Gavan has played a key role in numerous transactions including Dream’s acquisition of Lehndorff Properties, the 2003 business restructuring that resulted in the creation of Dream Office REIT, Dream Office REIT’s $2.3 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 law practice with Blake, Cassels & Graydon LLP, specializing in real estate and corporate finance. She earned an Honours Bachelor of Commerce degree from Carleton University and a Bachelor of Laws degree 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.
Mr. Duncan Jackman is Chairman and Chief Executive Officer of E-L Financial Corporation Limited, an investment and insurance holding company. Mr. Jackman oversees the company’s investments by sitting on the boards of directors of the subsidiaries and the other companies in which the company has significant shareholdings, including by serving as Chairman of Algoma Central Corporation and Chairman and President of Economic Investment Trust Limited and United Corporations Limited, two closed-end investment companies. He earned a Bachelor of Arts degree from McGill University.
Mr. Knowlton is a corporate director and has 25 years of experience in real estate. He retired from Dream Asset Management Corporation (“DAM”), the REIT’s asset manager, in 2011 where he held the position of President and Chief Operating Officer of Dundee REIT. He joined DAM in 1998, holding various positions with DAM and Dundee REIT, before becoming President of Dundee REIT in 2006. Prior to that, he worked at OMERS Realty Corp. from 1990 until 1998 as Senior Vice President and Chief Financial Officer. Mr. Knowlton also serves on the board of Crombie REIT, Tricon Capital Corp. and Dream Industrial REIT and is a former trustee of True North Apartment REIT and Northwest Healthcare Properties REIT. Mr. Knowlton holds a Bachelor of Science degree in Engineering and a Master of Business Administration from Queen’s University. Mr. Knowlton is qualified as a Chartered Professional Accountant and holds an ICD.D designation from the Institute of Corporate Directors.
Mr. John Sullivan is the President and Chief Executive Officer of Cadillac Fairview Corporation Limited, one of North America's largest real estate companies. Prior to becoming CEO in January 2011, Mr. Sullivan held the position of Executive Vice President, Development. Prior to joining Cadillac Fairview, Mr. Sullivan held positions with Brookfield Properties Corporation and Marathon Realty Company Limited. He brings more than 31 years of experience in all aspects of commercial real estate, including acquisitions and dispositions, leasing, finance, asset management, and development. Mr. Sullivan holds a Bachelor of Civil Engineering degree from Concordia University, a Masters of Business Administration from McGill University and has completed the Advanced Management Program at Harvard University.
Read more about our Board of Trustees
Dream Global REIT’s Committees assist in the effective functioning of the Board and help ensure that the views of Independent Trustees* are effectively represented.
The Board has established three committees:
- Audit Committee;
- Governance, Compensation and Environmental Committee; and
- Executive Committee.
A Trustee that is independent within the meaning of NI 58–101. An Independent Trustee is one who is not an employee or executive officer of Dream Global REIT 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
Dream Global REIT 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.’
Read more about our Charters & Policies