24.6% industrial assets in Quebec which has improved Notable News: In Q3, the Fund’s office building the overall quality and vintage of the portfolio at 1 City Centre Drive in Mississauga received while deeming these older generation assets a LEED Gold Certification, meeting specified # of Properties to be non-core to long term strategy and thus standards for energy and water use to achieve 123 di. [...] The achievement continues to concluded in Q3 resulting in net proceeds of highlight the Fund’s commitment to best in approximately $43M. [...] Management also legacy holdings and recycling capital into newer, wanted to take the opportunity to recognize our Commercial Sq Ft more efficient, and sustainable assets is the tenant, Restaurant 20 Victoria Street, who was 15.2M pathway to future proofing the portfolio and a recently awarded a prestigious Michelin Star in key component of Fund strategy. [...] the 2023 Michelin Guide, one of the very first in Financing Initiatives: The Fund was successful Canada to be recognized by the world’s foremost # of Residential Units in completing a number of financing initiatives food critic. [...] YTD FUND GROWTH ($ Millions) 2018 2019 2020 2021 2022 30-Sept Real estate $ 5,288 $ 5,966 $ 5,639 $ 6,141 $ 6,502 $ 6,392 Cash $ 457 $ 443 $ 831 $ 449 $ 415 $ 372 Short term assets & liabilities $ (79) $ (172) $ (150) $ (134) $ (166) $ (185) Gross fund value $ 5,666 $ 6,238 $ 6,320 $ 6,456 $ 6,751 $ 6,579 Net fund value $ 4,747 $ 5,163 $ 5,196 $ 5,316 $ 5,386 $ 4,964 Debt/gross fund value 16.2% 17.
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