• This property is currently listed for sale.

• The centre is 96% leased. Leasing activity continues.

• While plans and permits remain in place for the construction of 13,000-sq-ft of commercial/retail space, we are considering severing the freestanding "pad site" from the rest of the complex and putting any profit to use.

• The centre is fully leased and all improvements are complete.
• We have received an offer to purchase this property and are in negotiations.

• Building Listed for Sale.
• Lawyers office recently leases 6,000-sq-ft.

• Leasing activities continue.

• We have begun planning for the construction of an additional 6,000-sq-ft pad for new retail space. We will begin construction scheduling once we have sufficient pre-leasing in place.

• We are negotiating a lease amendment with Bargain Shop's space to construct a new storefront that will give direct access to the shopping centre's front door. This will allow removal of the mall's enclosed section and the creation of new front-facing storefronts making it more attractive to customers. The plan has been approved by the City and a development permit granted.
• Property is listed for sale.

• We currently have a conditional offer to purchase for this property.

Fort Saskatchewan Industrial Park - Fort Saskatchewan, AB

• We are awaiting completion of a sewer line extension by the City, before making further improvements to this property.

• New 2,500-sq-ft freestanding commercial retail unit (CRU) is approved for construction, and pre-leasing is underway.
• Re-merchandising and renovations are complete and the centre is now 100% leased.
• Parking lot realignment completed and new landscaping will also be done. The site's appearance continues to improve.

• Suites continue to be upgraded as per our original plan.
• Preparing to sell the building.

• The mall's remaining vacant space is being marketed for lease.
• Currently this property is listed for sale.

• On behalf of new tenant, Province of Ontario, improvements to 6,000-sq-ft space are underway.

• New roof completed at this location.
• A new lease recently signed for 1000-sq-ft.

• Reviewing opportunity to add new PAD commercial units to replace existing Turbo Gas Bar with higher rent paying tenants.
• 3,000-sq-ft vacancy is being actively marketed for lease.

• The centre is 100% leased.
• Planned 14,000-sq-ft expansion is in pre-leasing stage.

• Cygnet is 100% occupied.
• Management has been moved to Gulf Pacific.

Colwood City Centre LP - Colwood, BC

• Feasibility studies have been completed and we can now lease to commercial occupants. Lease marketing is underway.
• Proposals have been made to the new anchor tenants and a construction phasing plan will allow site development work to begin in the Winter of 2010 with construction expected to begin in early 2011.

• SportChek & The Source are now open.
• Lease negotiations for the smaller spaces are in the final stages.
• Two new national restaurants have opened on stand-alone pads, Lee's Chicken & Tim Hortons.

• "Go Green" has been approved.
• Only 8,500 square feet of ground floor space remains vacant. An offer of lease from the federal government is expected.

• We continue to backfill space unoccupied by our tenant on floors one, two and three. We are effectively bringing new tenants into the building while receiving income.
• 3 new tenants have taken vacant spaces.

• The purchase has not been completed because subdivision approval has not yet been obtained by the vendors, with whom we are currently engaged in litigation.
• Interest of 15% on the capital invested in this property continues to accrue, pending resolution of the dispute.

• The site was recently rezoned to allow large-format retail shopping complexes.
• We have leased space to three new retail tenants. Although the tenancies are necessarily short term, to provide us flexibility with our redevelopment plans, they are retail tenants, continuing the properties transition from industrial to retail use.

• Walmart Supercentre opened November 12, 2010. Cineplex Odeon Movie Theatre to open November 25, 2010. Home Depot set to open soon.
• Negotiations underway with numerous tenants.
• Many offers to lease in the works, such as Subway, East Side Mario's, Pier 1 Imports, Tim Hortons, etc.

• Multiple lease renewals, totalling over 12,000-sq-ft signed.
• Major energy update and energy efficient lighting retrofit underway.

Miracle Mile Shopping Center - Munroeville, PA

• Pending.

• Anderson occupancy Crossing at 74%.
• Red Robin restaurant under construction.

• Name changed from Wellington Suites to reflect building's new direction
  and image.
• Our aggressive leasing campaign continues to fill the remaining vacancies.
• Work has begun on the strata plan required for the condo-conversion and sale of suites.
• Member-partners interested in purchasing investment condos with rental pool option, can call their MSM to request information.

• Improvements to the common areas continue, and there is a plan for a
  vertical garden.
• Condo sales underway.
• Name changed from Rosewood Towers to reflect building's new image.

• Sales of condominium units underway.

• Work is proceeding on releasing vacant spaces.
• We are applying for a residential re-development project on this site.
• New leases completed recently include: a produce store, "Cupcakes," and two new office tenants.
• Future residential redevelopment site.