Dream Alternatives Trust is a mutual fund trust focused on hard asset alternative investments including real estate development, real estate lending and real estate.
Our objectives are to:
- provide an opportunity to invest in hard asset alternative investments, including real estate development, real estate
lending, real estate, and renewable power, managed by an experienced team with a successful track record in these areas;
- build and maintain a growth-oriented portfolio;
- provide predictable and sustainable cash distributions to Unitholders on a tax efficient basis; and
- grow and reposition the portfolio to increase cash flow, unitholders’ equity and net asset value (“NAV”) per unit over
Dream intends to continue to reposition the portfolio consistent with what it believes provides attractive risk-adjusted returns from a diversified portfolio of hard asset investments in real estate development, real estate loans, and real estate.
The Trust is managed by Dream Asset Management Corp., an innovative real estate manager and developer primarily focused on the commercial and residential sectors in Canada and Germany and renewable power infrastructure in Canada.
The Trust’s operating segments currently consist of the following:
- development and investment holdings — participating mortgages receivable and indirect investments in developments
and income-producing properties and direct investments in development projects;
- lending portfolio – interest paying mortgages, mezzanine and corporate loans;
- Income properties — a portfolio of office, industrial and commercial real estate properties in Canada; and
- renewable power – solar and wind power projects in Canada and the United Kingdom (“U.K.”).
Dream’s asset management team is made up of the industry’s smartest, most dedicated, knowledgeable and experienced real estate investment, asset management and financial professionals that have a proven track record of creating value.
Listed below are some of the senior members of the team who are involved in providing the Trust with asset management services:
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”).
Ms. Pauline Alimchandani is Executive Vice President & Chief Financial Officer of Dream and Dream Hard Asset Alternatives Trust and is responsible for the strategic development and ongoing financial management of the business. Ms. Alimchandani currently leads all aspects of corporate finance, corporate strategy, financial planning & analysis, development finance, financial reporting, debt, treasury and taxation for all of Dream’s divisions. In addition, she has a general oversight responsibility across all investing and operating decisions of the company. Prior to her current role, Ms. Alimchandani was the Vice President, Corporate Strategy 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. Ms. Alimchandani commenced her career at PricewaterhouseCoopers LLP and worked in both the Audit and Assurance and Consulting & Deals practices. Ms. Alimchandani holds both the CA and CFA designations and currently serves on the board of directors of the general partner of Dream Alternatives Master LP (a Dream managed company) and the Michael Garron (formerly Toronto East General) Hospital Foundation.
Mr. Jason Lester is the Vice Chair, Development, of Dream, primarily responsible for residential land development and urban development. He has 19 years of experience in multi-family residential, commercial and industrial asset and property management. Prior to joining Dream in 2004, Mr. Lester held the positions of Executive Vice President, Asset Management and Vice President, Acquisitions and Asset Management at Residential Equities REIT, where he was responsible for the property management division, acquisition activities and investment strategies for a portfolio of 11,000 suites.
Mr. Mikhail Arkaev is Vice President, Energy & Infrastructure of Dream, co-leading business development, execution and asset management functions for Dream’s Energy & Infrastructure portfolio. Previously, Mr. Arkaev was Director of Firelight Infrastructure Partners where he was involved in the execution and overall management of Firelight’s portfolio of $1.4 billion of renewable power assets. Prior to joining Firelight in 2013, he spent several years with independent power producers Northland Power and Greta Energy. Through his various roles, Mr. Arkaev has experience in nearly every aspect of energy and infrastructure projects, including development, financing, acquisition, divestiture and asset management with completed transactions in excess of $1.0 billion. Mr. Arkaev graduated summa cum laude from Rockhurst University obtaining both an MBA, with emphasis in Finance and Bachelor of Business Administration in Finance & Accounting.
Mrs. Lindsay Brand is Chief Investment Officer of Dream and she is responsible for all the investments and capital allocation across Dream Unlimited and Dream Hard Assets Alternatives Trust (DHATT). In addition to investments, Lindsay is responsible for the portfolio management for DHATT and management oversight for all of our partnership developments. Lindsay joined Dream in 2011 and has held various positions throughout the organization prior to her current role. She has worked on acquisitions and asset management for Dream Office, Dream Global, DHATT and now Dream Unlimited. Prior to joining Dream, Lindsay worked at CIBC in both corporate development and real estate finance. Lindsay graduated with distinction from the Honours Business Administration program at the Richard Ivey School of Business and also obtained her Master of Science of Real Estate Development in 2014 from Columbia University in New York City.
Ms. Kim Lefever is Senior Manager, Investor Relations for the Dream Hard Asset Alternatives Trust at Dream Unlimited. Prior to joining Dream, Ms. Lefever was Regional Sales Manager at ROI Capital where she was responsible for promoting and servicing the ROI Capital funds to investment advisors. She has numerous financial services designations including her CFP, CIM, and FMA.