Investment Management Team

Peter Cuthbert Peter Cuthbert

President

Peter has more than 30 years experience in the Canadian commercial real estate investment industry.

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He has been with Fiera Properties since the firm’s formative years and has proved instrumental in the development and growth of the business.

Prior to being named President in November 2017, Peter served as Chief Operating Officer, focused primarily on improving risk management and performance analytics. At the same time he was directly responsible for management of the Fiera Properties CORE Real Estate Fund, overseeing the flagship fund’s rapid growth and the successful deployment of investors’ committed funds. The fund surpassed the $1.5-billion mark for assets under management and has yielded top-quartile returns to investors.

In his role as President of Fiera Properties, Peter is focused on continuing the evolution of the firm’s investment-management platform and further enhancing the range of real estate investment solutions on offer, in keeping with its mission to meet the requirements and exceed the performance expectations of its growing client base.

Prior to joining Fiera Properties, Peter oversaw the Canadian real estate operations of a major investment manager, including direct management of a large commercial, open-ended pooled real estate fund. Having worked in the institutional, public-markets, brokerage and private-sector environments over the course of his career, he has gained exceptional experience and expertise in all aspects of the industry.

Peter believes strongly in giving back to his community, as evidenced by his involvement with various charities and his coaching of minor hockey teams. He currently serves as Vice-Chairman of the Toronto chapter of Variety the Children’s Charity and of Variety Village.

Blair McCreadie Blair McCreadie AACI

Executive Vice President and CORE Fund Manager

As a key member of Fiera Properties’ senior management team, Blair’s main focus is the strategic management and continued growth of the the Fiera Properties CORE Real Estate Fund.

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This opened-ended pooled fund is well diversified by sector and region, and has yielded higher-than-average returns to its investors. The fund is on track to surpass the $1.5-billion mark for assets under management in 2018.

Blair’s 28 years-plus experience in real estate includes direct involvement in investment valuations, asset underwriting, financing, leasing, and asset management. Prior to joining Fiera Properties, he spent more than 15 years with one of the largest and longest-established, open-ended pooled real estate funds in Canada. There, he held a number of increasingly senior positions, which culminated in his appointment as head of Canadian real estate. Blair was instrumental in driving top-level performance, managing capital deployment and overseeing a period of rapid growth in 2011 and 2012, when the fund was the most active acquirer of real estate in Canada. Blair has also been responsible for raising capital for numerous real estate vehicles, domestically and internationally, creating and launching new products and maintaining client relationships.

Blair is a graduate of York University and holds an Accredited Appraiser Canadian Institute (AACI) designation.

William Secnik William Secnik

Senior Vice President, Investments

William has more than 21 years of experience in the real estate investment industry and more than $3 billion of transactional activity to his credit.

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His expertise and involvement includes acquisitions, financings, repositionings and dispositions, on behalf of a cross-section of investment vehicles, core and opportunity funds, as well as leading TSX-listed firms, in competitive and rapidly evolving environments.

A core member of Fiera Properties’ senior management team, William reports to the President. Working closely with fund managers and the asset management team, his primary responsibility is to source and execute real estate investment transactions for each of the firm’s real estate funds.

Prior to joining Fiera Capital, William was a fund manager for a $1.9-billion real estate fund with 128 assets comprising 10.6 million square feet under management. In that capacity, he executed more than $620 million of transactions, led the fund’s strategy and interfaced with various institutional clients. William previously was a senior member of a TSX-listed firm, where he focused on growing the mixed-use portfolio while divesting non-core assets.

William is a graduate of Ryerson University and of the University of British Columbia’s Urban Land Economics Program.

Graham Pattison Graham Pattison P.Eng

Senior Vice-President, Segregated Funds

Graham has more than 23 years experience in real estate management and investment across all property types.

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As Senior Vice President, Segregated Funds, he oversees the asset-management team whose jurisdiction includes all real estate portfolios and funds managed by Fiera Properties. Graham has overall responsibility for all property business plans, reporting, and property/project financing arrangements.

Graham began his career as a building design engineer at a large east-coast engineering consulting firm, ADI Limited. He subsequently worked for Halifax-based Universal Property Management, where he was responsible for the management of office, retail and residential properties.

Graham joined Roycom, a forerunner of Fiera Properties, in 1998 as a financial analyst and was subsequently promoted to the position of Asset Manager. In that role, he was responsible for creating and implementing property business plans and managing all of the firm’s property managers and leasing agents. In 2006, Graham was named Vice President, expanding his responsibilities to include oversight of investor reporting, acquisition due diligence and property financing.

Graham earned an MBA from the University of New Brunswick and a B.Sc. in Civil Engineering from Dalhousie University, and holds a professional engineering designation.

Pierre Pelletier Pierre Pelletier

Senior Vice President, Opportunity and Development Funds

As Senior Vice President, Opportunity and Development Funds, Pierre is responsible for the strategic management and continued growth of all of Fiera Properties Opportunity and Development funds.

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He oversees all investment operations, including strategy, asset allocation and portfolio management and is also responsible for investors’ relations and capital-raising efforts. Pierre has 20 years of experience in the real estate industry of which over 15 years have been dedicated to real estate development. He started his career as an Associate for PricewaterhouseCoopers in Paris. In 2002, Pierre joined Maestro, a subsidiary of Caisse de dépôt et placement du Québec, where he was in charge of investments for the student housing fund. He then joined Ipso Facto Real Estate Funds as Director, Investments, where he was involved in all phases of the investment cycle. In January 2014, he founded Fiera’s first Quebec Opportunity and Development real estate investment platform where he acted as Senior Vice president, Investments. During his career, Pierre has been involved in the development, acquisition and management of over $4.7B of real estate assets representing more than 20,000 residential units, 1.2M sq. ft. of commercial space and 600,000 sq. ft. of office space. He was involved in the creation of seven successful real estate investment funds and administered more than $600M of capital under management. Among his achievements, he has participated as a financial partner in the development of the second-largest mall in Canada (Quartier Dix30) and the redevelopment of the Montreal Children’s hospital site. Pierre is also a board member of the 2045 Stanley investment as a representative of the Quebec Chamber of notaries. Furthermore, he is actively involved in fundraising activities for various charities in the greater Montreal area. He holds a Bachelor’s degree in Business Administration from HEC Montréal.

Peter McFarlane Peter McFarlane

Vice-President, Asset Management, Pooled Funds

Peter has over 10 years of experience in asset management, valuation, leasing, acquisition and disposition of investment-grade real estate.

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As Vice President, Asset Management, Pooled Funds, he is responsible for properties in the Fiera Properties CORE Fund.

Prior to joining Fiera Properties, Peter worked as Vice President, Asset Management, at global real estate firm LaSalle Investment Management, where he worked alongside a team responsible for $1.2 billion of office, industrial, residential and retail properties across Canada. His role also included management of problematic properties, property dispositions, and the development of new investment vehicles.

Prior to LaSalle, Peter worked as manager, real estate, for the Bank of Nova Scotia, part of an asset-management, leasing and global transaction team responsible for more than 1,100 bank branches and an international office portfolio. Earlier in his career, at IGRI Advisors / Giffels Management Limited, he was part of a two-person team that managed portfolios of income-producing assets on behalf of the California Public Employees' Retirement System (CalPERS) and other institutional investors.

Peter earned a Bachelor of Arts degree in Economics and Environment from McGill University. Active in professional and community circles, he is a member of the board of the National Association for Industrial and Office Parks and, in 1998, founded Schools Without Borders.

Dwayne Doolan Dwayne Doolan

Vice President, Leasing

Dwayne has more than 23 years' experience in the management and leasing of commercial real estate investments across all asset types.

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Dwayne is Vice President, Leasing with Fiera Properties and is responsible for the leasing function for all assets under management.
Dwayne joined Roycom Inc./Fiera in 2007 as Asset Manager responsible for the performance and business strategy of each property within the portfolios under management.

He was also heavily involved in acquisition due diligence and client relationships, later assuming the role of Vice President, Asset Management, Segregated Funds. Dwayne started his real estate career as Operations Manager for a property management firm based in Atlantic Canada and was involved in multi-res, before moving into a Property Manager role for over 2,000 units. The company was purchased by Oxford Properties, and Dwayne became an Asset Manager for 15 schools built as public-private partnerships throughout Nova Scotia. In this role, Dwayne worked with the developer, consultants, contractors, and school boards to ensure delivery of a quality product and to establish property management and maintenance policies and procedures. Subsequently, Dwayne became Director of Property Management for another regional management company, where he was responsible for over 800,000 square feet of office space and several hundred apartments, as well as oversight of the project management division.

Dwayne has a Bachelor of Business Administration degree from St. Francis Xavier University, and has participated in continuing education through the Real Estate Institute of Canada and Realpac. In 2017, Dwayne completed the Real Property Investment Certificate Program through Realpac and Ryerson University (Ted Rogers School of Management).

Geoff McTait Geoff McTait

Senior Vice-President and Co-Head Debt Strategies

With more than 17 years of industry experience, Geoff is Senior Vice President and Co-Head Debt Strategies.

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As well as partnering with Scott Rowland to launch the Fiera Properties CORE Mortgage Fund, his day-to-day role is focused on relationships and transactions, including new-business origination, underwriting and closing.

Prior to joining Fiera Capital, Geoff was a principal in Blackstone's Toronto real estate office, with a mandate to originate loans for the firm’s public and private fund vehicles. He previously spent 12 years with GE Capital Real Estate's commercial mortgage business, where he occupied increasingly senior roles in the asset-management, risk and originations functions, with the majority of his tenure focused on deal sourcing, underwriting, structuring and negotiation. Geoff consistently met or exceeded volume and yield targets, and was responsible for generating in excess of $6 billion of new business volume. Earlier in his career, he worked in the area of residential construction financing with the Royal Bank of Canada and in land development with Graywood Developments, a residential developer and private investment-management company.

Geoff earned an Honours Degree in Geography (Urban Development) from the University of Western Ontario. He is a Mortgage Agent, licensed with both FSCO (Ontario) and FICOM (BC) accreditations, and is active in industry circles, having served as board treasurer for the National Association for Industrial and Office Parks from 2014 to 2016.

Scott Rowland Scott Rowland

Senior Vice-President and Co-Head Debt Strategies

Scott is Senior Vice President and Co-Head, Debt Strategies.

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In late 2017, he teamed up with partner Geoff McTait to launch the Fiera Properties CORE Mortgage Fund. This open-ended fund is focused on Canadian real estate and will be highly diversified by both asset type and geography.

With more than 20 years of industry experience, Scott is a leading Canadian non-bank lender who has been involved in more than $10 billion of transactions. His loan-structuring and valuation expertise extends across all commercial asset types in markets across Canada. Scott’s experience encompasses both ‘senior’ and ‘junior’ secured lending, mezzanine and preferred equity, commercial-backed mortgage securities, opportunity funds and loan purchases.

Prior to joining Fiera Properties, Scott was the managing director for Blackstone in Canada, where he led the real estate lending group. His tenure with Blackstone followed a 19-year career at General Electric, where he occupied a number of increasingly senior roles, including managing director of GE Capital Real Estate in Canada.

Scott earned an HBCom summa cum laude from McMaster University. He is a Principal Mortgage Broker and is licensed by FSCO.

Jean-Philippe Dubé Jean-Philippe Dubé CPA, CMA

Vice President & Head of Quebec, Development

As Vice President & Head of Quebec, Development, Jean-Philippe is in charge of all investment activities in the province of Quebec for Fiera Properties Opportunity and Development funds.

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In addition to contributing to prospecting new potential partners, he analyzes investment opportunities and leads due diligence activities, in close collaboration with internal and external stakeholders. He is also involved in all capital-raising efforts for Fiera Properties Opportunity and Development funds.

Jean-Philippe has worked in the real estate industry for more than 15 years, including 10 years focusing on real estate development, gaining extensive expertise in transaction negotiation and underwriting. Starting in 2002, he has held various positions of increasing responsibilities at Cadim, SITQ and Ivanhoé Cambridge, three real estate subsidiaries of the Caisse de dépôt et placement du Québec. In 2006, he was appointed Director, Strategic Partnerships. He then acted as Director, Asset Management within the hotel portfolio and as Senior Director, Investments for the Growth Markets platform. In 2011, Jean-Philippe was Director, Investment, at Ipso Facto Real Estate Funds. He joined Fiera Properties in 2014, where he was appointed Vice president, Investments. Throughout his career, Jean-Philippe has initiated, negotiated and managed partnerships as well as local and international real estate transactions. He has been involved in the development, acquisition and management of over $5.0B representing more than 20,000 residential units, 1.2M sq. ft. of commercial space and 600,000 sq. ft. of office space.

Jean-Philippe is a member of the economic committee of the Urban development institute of Québec, holds a Bachelor of Business Administration degree from HEC Montréal and holds the CPA, CMA designation.

Jean-Philippe Brault Jean-Philippe Brault

Vice President, Development

As Vice President, Development, Jean-Philippe is responsible for sourcing and implementing real estate partnerships for Fiera Properties Opportunity and Development funds.

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In addition to contributing to prospecting new potential partners and managing existing partnerships, he analyzes investment opportunities and leads due diligence activities, in close collaboration with internal and external stakeholders.

Jean-Philippe has worked in the real estate industry for more than 10 years, gaining extensive expertise in property valuation and market analysis. He has spent most of his career at Raymond Chabot Grant Thornton as Director, Real Estate Advisory. He also worked at Ivanhoé Cambridge as Senior Advisor, Valuation and Investment in 2011. Jean-Philippe joined Fiera in 2016. Throughout his career, Jean-Philippe has led the valuation process of large real estate portfolios as well as numerous market analyses that have enabled him to develop a strong expertise in multiresidential real estate, especially in the senior housing sector. He also participated in numerous financial due diligence assignments in the context of acquisitions. As part of Fiera Properties, he is also responsible for the development of more than 3,000 residential units representing over $750M.

Jean-Philippe holds a Bachelor of Business Administration degree from HEC Montréal and holds the Chartered Appraiser designation from the OEAQ.

Tammy Newhook Tammy Newhook CMA

Vice-President, Strategic Systems Initiatives

A professional accountant with more than 25 years experience in the real estate industry, Tammy’s expertise extends to all property types.

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As Vice President, Accounting and Administration, she oversees the Fiera Properties funds and segregated accounts, and is responsible for all administration-related functions across the firm.

Tammy previously worked with Summit REIT during its initial public offering and, subsequently, during a period when it was externally managed by Roycom. She was initially employed by Roycom as a property accountant before being promoted to Controller, a role that involved working with institutional investors on all types of properties. Her responsiblities included overall financial management of the properties as well as performance measurement. When the Enterprise Property Group — led by Stuart Lazier, who would go on to become a partner and CEO of Fiera Properties — acquired Roycom's property-management business in 1996, Tammy led the accounting transition team.

She began her career at a Halifax-based real estate firm, where she was involved with residential, office, and hotel properties. Tammy’s next role was as assistant controller for an investment organization, where she oversaw cash management and was responsible for the creation of multi-company financial statements

Tammy earned her Certified Management Accountant (CMA) designation in 1996. She is a member of the IPD Canada Property Fund Index Advisory Committee and a former president of the MRI Canadian user group. Tammy was also actively involved in the management of the Forest Hills Soccer Club in Halifax for 12 years.

Michael Le Coche Michael Le Coche CFA

Manager, Portfolio Analytics and Research

Michael, who joined Fiera Properties in 2012, has eight years of experience in the investment industry.

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As Manager, Portfolio Analytics and Research, he is primarily responsible for implementing the firm’s research program by providing top-down investment and economic research and analysis, to support the executive team with respect to strategic investment-related decisions. Michael also conducts the portfolio analytics program, by identifying sources of market risk and return in the firm’s various mandates.

He launched his career in 2007, with stints at two leading Canadian financial institutions, CIBC and TD Bank, as a financial advisor. His duties included the provision of lending and investment solutions to clients, as well as underwriting mortgages.

Michael holds a Bachelor’s degree in Business Administration from the University of Western Ontario and earned his CFA accredition in 2012.

Paul Macchione Paul Macchione CFA

Manager, Investments

Paul began his career in commercial real estate in 2011.

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As Manager, Investments, Paul is primarily responsible for sourcing, underwriting and executing investment transactions for all of Fiera Properties’ real estate funds and segregated accounts.

Paul began his career in commercial real estate in 2011. With over $2 billion in transactional activity to his credit, he has a strong background in acquisitions, dispositions and financings on behalf of a variety of large institutional and pension fund clients, including the British Columbia Investment Management Corporation, the Nova Scotia Pension Serv ices Corportion, Ontario Power Generation and the Ontario Financing Authority.

Paul holds a Bachelor of Business Administration from Wilfrid Laurier University, a Master of Real Property Development from the Schulich School of Business and is a CFA charter holder.

Xinxin Li Xinxin Li CFA, MBA

Real Estate Analyst

An architect by training, Xinxin made a career transition to real estate in 2011, and has since bolstered her architectural credentials by gaining valuable expertise in complementary disciplines such as construction, development and investment.

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As a Real Estate Analyst on the Investments team, she carries out underwriting, due diligence and transaction management of investment opportunities for Fiera Properties’ funds.

Immediately prior to joining Fiera Properties, Xinxin worked at Freed Developments, where she modeled development pro formas for large-scale office and residential projects in the greater Toronto area. She previously managed the valuation of the Canadian Pension Plan Investment Board’s real estate portfolio, which is composed primarily of office, retail and residential properties in North America and Europe with a combined value of some US$23 billion. Her entrance into the real estate industry was at Urbacon Ltd., where her role included contributing to a data-centre partnership, creating industrial-investment models, and managing corporate budget and forecast processes.

Xinxin’s experience as a practising architect included commercial, institutional and residential developments in Canada, China and United Arab Emirates. She holds a B.Arch degree from Tongji University, as well as a Master of Urban Design and an M.B.A. from the University of Toronto.

Oraska Tam Oraska Tam MBA, CFA

Real Estate Analyst

As a Real Estate Analyst with Fiera Properties’ Asset Management team, Oraska is responsible for supporting the senior asset managers of the Fiera Properties CORE Fund and Segregated Funds.

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Prior to joining Fiera Properties, Oraska was employed as an asset-management analyst at Great West Life Realty Advisors, where she worked alongside a team responsible for $2.2 billion of office and retail properties in Ontario. She previously worked as an investment analyst for the BSAR Group of Companies, Toronto-based condominium developer.

Oraska has served the industry and her community as a committee member of the Toronto Urban Land Institute Women’s Leadership Initiative, and as event organizer for the Schulich Real Property Alumni Association.

Oraska has an MBA from York University (Schulich School of Business) and a B.Eng. in Nuclear Engineering from University of Ontario, Institute of Technology.

Chris Clademenos Chris Clademenos AACI

Analyst

Chris began his career in commercial real estate in 2014 providing analytical support to Investment and Asset Management teams.

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As a Real Estate Analyst supporting both the Investment and Asset Management teams, Chris assists with underwriting, due diligence and transaction management of investment opportunities as well as portfolio and asset analytics to assist in property and fund performance, monitoring and measurement. Prior to joining Fiera Properties, Chris was a senior analyst within the land valuation group at Altus Group where he was involved in the valuation of over $3 billion worth of high, medium, and low density residential, commercial, and mixed-use land/developments across ±3,000 acres throughout the GTA/GGH. Before working at Altus Group, he worked at Colliers International in a research capacity. Chris earned an Honours Bachelor of Commerce degree from the University of Guelph’s Real Estate and Housing Development Program as well as a Post Graduate Certificate in Real Property Valuation from the University of British Columbia’s Sauder School of Business. In 2018, he earned his AACI designation.

Hugo Durand-Leblanc Hugo Durand-Leblanc CPA, CGA

Senior Analyst, Development

As Senior Analyst, Development, Hugo is responsible for the financial analysis aspects of all investment opportunities such as comprehensive financial modelling and return projections.

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He analyzes investment opportunities and supports the Vice Presidents in all due diligence and asset management activities, in close collaboration with internal and external stakeholders. He also assists the Fiera Properties Opportunity and Development funds team in managing existing partnerships as well as capital-raising efforts. Hugo has worked in the real estate industry for 7 years, gaining extensive experience in transaction underwriting and partnership due diligence. He joined the Fonds Immobilier de Solidarité FTQ in 2011 as Financial Analyst. In April 2015, he was appointed Senior Analyst, Investment, Growth Markets at Ivanhoé Cambridge. During his career, Hugo was involved in the creation of multiple partnerships and has been the lead financial analyst for transactions totalling more than $3.5B in multiple asset classes both locally and internationally representing over 9,000 residential units as well as 600,000 sq.ft. and 200,000 sq.ft. of office and industrial space, respectively. Hugo holds a Master’s Degree in Finance from Sherbrooke University and holds the CPA, CGA designation.

Maxime Charron Maxime Charron

Analyst

As an Analyst, Maxime is responsible for the financial analysis activities of all investment opportunities such as comprehensive financial modelling and return projections.

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He analyzes investment opportunities and supports the Vice Presidents in all due diligence and asset management activities, in close collaboration with internal and external stakeholders. He also assists the Fiera Properties Opportunity and Development funds team in managing existing partnerships as well as capital-raising efforts.

Maxime has worked for Fiera for more than 4 years as Financial Analyst, where he has been involved in both the Corporate Financing and Real Estate Investment divisions. During his career, Maxime was involved in the creation of multiple partnerships and has been the lead financial analyst for transactions totalling more than $2.0B in multiple asset classes totalling over 5,000 residential units, 330,000 sq. ft. of commercial space and 30,000 sq.ft. of office space.

Maxime holds a Bachelor of Business Administration degree from HEC Montréal. He is currently a member of the Young Ambassadors network of the Urban development institute of Québec and is currently enrolled in the CFA program as a level 3 candidate.

Viriane Pes Viriane Pes

Analyst

As an Analyst, Viriane is responsible for the financial analysis aspects of all investment opportunities such as comprehensive financial modelling and return projections.

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She analyzes investment opportunities and supports the Vice Presidents in all due diligence activities, in close collaboration with internal and external stakeholders. She also assists the Real Estate Investment team in all capital-raising efforts for Fiera Properties Opportunity and Development funds.

Viriane has worked in the real estate industry for 5 years, gaining extensive expertise in market, transaction and risk analysis. She started her career as a financial analyst for Bank of Montreal in 2012. In 2014, she joined Colliers International in the Research and Valuation Group. In August 2015, she was appointed Senior Analyst, Risk Management at Ivanhoé Cambridge, where she analyzed transaction risks totalling over $200M. During her career, Viriane was involved in multiple valuation processes in Canada and has been analyzing markets and transaction risks totalling $5B in multiple asset classes (residential, office and industrial) both locally and internationally.

Viriane holds a Bachelor of Business Administration degree from HEC Montréal and is currently enrolled in the CFA program as a level 2 candidate.