215 Lakeshore Boulevard East, Toronto

High-Density Residential Development Offering

STRICTLY CONFIDENTIAL

The information contained in this slide presentation is qualified in its entirety by information to be set forth in the offering memorandum of a limited partnership with respect to a proposed
offering, on a private placement basis, of 440,000 limited partnership units. A copy of the offering memorandum will be available from Greybrook Securities Inc., the exclusive placement
agent for the offering. The limited partnership will be organized by Greybrook Realty Partners Inc.
Project Description
 Total Offering: $44,000,000
 Investment Vehicle: Mutual Fund Trust/
Limited Partnership
 Minimum Investment: $25,000
 Registered Plan Eligible: RRSP, TFSA and RESP
 LP Unit Price: $100 per unit
 Project Term:
• Phase I 4.5 years
• Phase II 5.5 years
• Phase III 6.5 years
 Municipal addresses: 215 Lakeshore Blvd. E.
 Site GFA: 1,511,331 Sq. ft.
 Residential GFA: 1,476,928 Sq. ft.
 Retail GFA: 34,403 Sq. ft
 Net SA: 1,255,389 Sq. ft.
 Number of Units: 2,003
 Parking Stalls: 1,279
 Average Unit Size: 627 Sq. ft.
 Residential Levels:
• Phase I 51
• Phase II 39
• Phase III 24

2 PROJECT DESCRIPTION I Greybrook Realty Partners Inc.

Site Location – Toronto Waterfront

DEVELOPMENT
SITE

SHERBOURNE
PARK

3 SITE LOCATION – TORONTO WATERFRONT I Greybrook Realty Partners Inc.

Site Location – Toronto Waterfront

SHERBOURNE
PARK

4 SITE LOCATION – TORONTO WATERFRONT I Greybrook Realty Partners Inc.

Site Location – Toronto Waterfront

5 SITE LOCATION – TORONTO WATERFRONT I Greybrook Realty Partners Inc.

Site Location – Proximity

FINANCIAL DISTRICT

Union Station
Air Canada Centre Sony Centre for the
Performing Arts

St. Lawrence
Market

Loblaws

DISTILLERY
Sugar Beach DISTRICT

Corus Building
George Brown College
Sherbourne Common

6 SITE LOCATION – PROXIMITY I Greybrook Realty Partners Inc.

The City At Your Doorsteps
Walking distance to:
George Brown Campus 1 min
Sugar Beach 1 min
Sherbourne Common 1 min
Corus Building 1 min
LCBO - Queens Quay 3 min
St. Lawrence Market 6 min
Distillery District 6 min
Yonge People’s Theatre 7 min
The Esplanade 8 min
Ferry to Centre Island 9 min
Union Station 10 min
Harbour Sixty Steakhouse 11 min
Hockey Hall of Fame 11 min
Sony Centre For The Performing Arts 12 min
Air Canada Centre 14 min
Harbourfront Centre 15 min
Financial District 17 min

7 THE CITY AT YOUR DOORSTEPS I Greybrook Realty Partners Inc.

About Waterfront Toronto
 Waterfront Toronto is a corporation created and funded by three levels of government (The
Government of Canada, the Province of Ontario and the City of Toronto) in 2001 to oversee and
lead the renewal of Toronto’s waterfront – waterfront revitalization, with the following key drivers:
 reconnecting people with the waterfront
 design excellence
 sustainable development
 economic development
 fiscal sustainability

 Since inception to March 31, 2011 Waterfront Toronto and its three government partners invested
$769.5 million in projects (and committed an additional $730.5 million) and that have unlocked
$10 billion of potential private sector investment and created new public spaces, municipal
infrastructure and tourism amenities.

8 ABOUT WATERFRONT TORONTO I Greybrook Realty Partners Inc.

Toronto’s Newest Waterfront Community
 Public transit directly at your doorstep
 The new Queens Quay Boulevard will feature a wide tree-lined promenade alongside
Martin Goodman Trail, two lanes of east-west traffic on the north side of the street
with a dedicated Light Rail Transit (LRT) line in the centre.
 LRT would run along Queens Quay to Union Station via Bay Street – the selected
transit corridor for East Bayfront.

9 TORONTO’S NEWEST WATERFRONT COMMUNITY I Greybrook Realty Partners Inc.

Toronto’s Newest Waterfront Community
 Over 2.5 million sq.ft. of commercial space will be developed, creating 8,000 jobs
 Anticipated total economic activity: approximately $1.6 billion in economic output
 25% of gross floor area to be dedicated to employment, including offices, studios and
retail and is touted as the largest private-sector condo-shopping development for the
revitalized waterfront
 Two buildings facing Queens Quay Boulevard – Queen’s Quay Place I and II – will be 9-
storey offices, while much of the ground level units across the site will be retail and
restaurant uses. Day care, a fitness club, YMCA Centre of Community and possibly a
library are included in the plans.

10 TORONTO’S NEWEST WATERFRONT COMMUNITY I Greybrook Realty Partners Inc.

The Future of Toronto’s Waterfront

11 THE FUTURE OF TORONTO’S WATERFRONT I Greybrook Realty Partners Inc.

Key Highlights
 Land Purchase Price: $39.70/sq.ft. – 50% below market value

Sub-Market Low $/sq.ft. High $/sq.ft. Market Value $/sq.ft.

Downtown Core $65 $115 $95 - $102

Downtown East $40 $90 $59 - $62
AVERAGE $53 $103 $77 - $82
Data in the above table is from the “High-Rise Condominium Land Values” report of the MCAP Development Finance Group for the period
ending November 1, 2013.

 Approved Zoning By-Law in place

 The property currently generates an annual Net
Operating Income of approximately $1,000,000
 Potential to obtain 500,000 sq.ft. of additional density –
an increase of 33% to the overall project GFA
 Full Waterfront and City Skyline views
 Development value upon completion of approximately
$1,000,000,000

12 KEY HIGHLIGHTS I Greybrook Realty Partners Inc.

Development Process and Anticipated Timeline

Month 0 Month 78

Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 Phase 6 Phase 7 Phase 8

OFFERING OPEN SALES 75% PRESOLD CONSTRUCTION CONSTRUCTION RETURN OF 2nd PROFIT 3rd PROFIT
CLOSING CENTRE FINANCING START CAPITAL & DISTRIBUTION DISTRIBUTION
1st PROFIT & PROJECT
DISTRIBUTION COMPLETION
80% Investors Developer Developer Developer Developer Developer Developer Developer
20% Developer
Capital Return 80/20
Profit Split Profit Split Profit Split
50/45/5 (1) 50/45/5 (1) 50/45/5 (1)
Q2 2014 Q3 2015 Q2 2016 Q2 2016 Q2 2016 Q4 2018 Q4 2019 Q4 2020

VI VIII
(1)50% - Developer Partner, 45% - Greybrook LP, 5% - Greybrook Realty Partners

13 DEVELOPMENT PROCESS AND ANTICIPATED TIMELINE I Greybrook Realty Partners Inc.

Comparable Projects

PROPOSED
DEVELOPMENT

PROJECT NAME DEVELOPER TOTAL UNITS SOLD (%) SOLD ($PSF) ASKING ($PSF)
Monde Great Gulf Homes 481 43 676 649
Pier 27 Cityzen & Fernbrook Homes 304 94 660 890
Waterlink at Pier 27 Cityzen & Fernbrook Homes 409 97 699 928
Aqualina Tridel & Hines 362 81 695 616
389 79 683 771
Source: Urbanation Inc.

14 COMPARABLE PROJECTS I Greybrook Realty Partners Inc.

Financial Projections
BASE CASE Phase I Phase II Phase III Aggregate
Residential Units 944 720 339 2,003
Residential NSA (SF) 591,688 451,040 212,662 1,255,389
Opening Sales ($PSF) 650 675 675 663
Investor Profit ($)(1) 16,705,862 40,647,871 19,921,057 77,274,789
Return of Initial Capital ($) 44,000,000 44,000,000
Total Return ($) 60,705,862 40,647,871 19,921,057 121,274,789
Invested Capital Distribution 100% 100%
Profit Distribution 38% 93% 45% 176%
Total Distribution 138% 93% 45% 276%

Average Opening Sales ($PSF) 638 663 688 713

Investor Profit ($)(1) 66,736,392 77,274,789 88,088,788 98,653,512

Return of Initial Capital ($) 44,000,000 44,000,000 44,000,000 44,000,000

Total Return ($) 110,736,392 121,274789 132,088,788 142,653,512

Investor Annualized Return (1) (2) 23% 27% 31% 35%
(2)
Return On Investment (ROI) 152% 176% 202% 228%
(1)
Expressed net of all fees
(2)
Based on estimated 6.5 year project term

15 FINANCIAL PROJECTIONS I Greybrook Realty Partners Inc.

Other Considerations and Reporting

Third Party Consultant Validation

Greybrook Realty Partners Inc. and Greybrook Securities Inc. have retained N. Barry Lyon
Consultants Limited, an experienced, independent consulting firm specializing in virtually
all aspects of land development serving organizations across Canada, to conduct a study
on the economic outlook of the project and to validate our currently anticipated
projections.

Project Auditors Limited Partnership Auditors

16 OTHER CONSIDERATIONS AND REPORTING I Greybrook Realty Partners Inc.

Deal Structure Summary
Greybrook LP
 Funding of 80% of the costs of acquisition of the property and the pre-construction soft costs
 Joint title to the property through a nominee company, owned jointly with the developer partner
 Joint venture arrangement with the developer partner
 RRSP and TFSA eligible (all registered plans)
 NEVER required to put up any additional capital

Development Partner
 Funding of 20% of the costs of acquisition of the property and the pre-construction soft costs
 Provision of all bank guarantees and other credit support required to secure outside financing
 Execution of all aspects of the development (from navigating the municipal approvals process through to
the pre-sale program, construction, condominium registration and unit sales)

Greybrook Realty Partners

 Project selection
 Underwriting and due diligence
 Securing of capital
 Oversight of development and developer partner
 Administration and reporting to the investors

17 DEAL STRUCTURE SUMMARY I Greybrook Realty Partners Inc.

Distribution Of Capital

Repayment of
Construction Loan

Return of Invested Capital (80/20)

Profit Split (50/45/5)(1)

(1)
50% - Developer Partner, 45% - Greybrook LP, 5% - Greybrook Realty Partners

18 DISTRIBUTION OF CAPITAL I Greybrook Realty Partners Inc. 18

About Cityzen, Castlepoint and Greybrook Realty
CITYZEN DEVELOPMENT GROUP and its sister company Dominus Construction
Group are a multifaceted Real Estate Developer and Builder respectively. Cityzen-
Dominus are committed to excellence, dedicated to creating beautiful and iconic
design-driven developments and enhancing quality of life and place, while
remaining sensitive to community and environmental concerns. Cityzen-Dominus
takes a comprehensive approach, providing complete real estate services that span
the entire spectrum of real estate sectors. The company’s outstanding management
team, with extensive backgrounds in construction and development management,
are focused on delivering complex and challenging masterpiece projects on-time
and on-budget.

THE CASTLEPOINT GROUP, now in its 25th year of leadership in the development
industry, creates communities and employment areas across the Greater Toronto
Area and in select markets in the United States. Castlepoint Numa is the largest
private sector landowner on the Toronto waterfront. Its projects are recognized for
their vision, aesthetics and innovative expertise. Castlepoint Numa excels in
heritage preservation, brownfield reclamation and the revitalization of sites in
decline.
GREYBROOK REALTY PARTNERS offers investors the unique ability to participate in
value-creation activities of best-in-class residential developers across the Greater Toronto
Area. Greybrook Realty and its affiliates have been involved in the creation, development,
construction and management of 43 projects totaling over 10,000 residential units.
Approximately $560 million in equity capital has been deployed to date, ultimately
creating an aggregate value of approximately $2.4 billion.

19 ABOUT CITYZEN AND GREYBROOK REALTY I Greybrook Realty Partners Inc.

Cityzen’s and Castlepoint’s Active Hi-Rise Projects

1 Front Street, Toronto 1 Front22Street, Toronto Toronto

The Esplanade,

20 CITYZEN’S AND CASTLEPOINT’S ACTIVE HI-RISE PROJECTS I Greybrook Realty Partners Inc.
Cityzen’s Active Hi-Rise Projects

25 Queens Quay East, Toronto 30 Ordnance Street, Toronto

21 CITYZEN’S ACTIVE HI-RISE PROJECTS I Greybrook Realty Partners Inc.

Cityzen’s Completed Hi-Rise Projects

Mississauga

22 CITYZEN’S COMPLETED HI-RISE PROJECTS I Greybrook Realty Partners Inc.

Greybrook Realty’s Active Hi-Rise Projects

140 Yorkville Avenue, Toronto

25 Queens Quay East, Toronto

30 Ordnance Street, Toronto 297 College Street, Toronto

23 GREYBROOK REALTY’S ACTIVE HI-RISE PROJECTS I Greybrook Realty Partners Inc.

Greybrook Realty’s Completed Projects

65, 75 & 85 East Liberty Street, Toronto 125 Western Battery Avenue, Toronto

900 Mt. Pleasant Avenue, Toronto 68 Yorkville Avenue, Toronto

24 GREYBROOK REALTY’S COMPLETED PROJECTS I Greybrook Realty Partners Inc.

Contact

5090 Explorer Drive, Suite 203

Toronto, Ontario L4W 4T9

Tel: 416.322.9700
Fax: 416.322.7527
www.greybrook.com
www.dealblog.ca

Peter Politis Sasha Cucuz

PRESIDENT CEO
GREYBROOK REALTY PARTNERS GREYBROOK SECURITIES
peter.politis@greybrook.com sasha.cucuz@greybrook.com

Alex Riajskikh D’Arcy McConvey

VP OPERATIONS ASSOCIATE
GREYBROOK REALTY PARTNERS GREYBROOK SECURITIES
alex.riajskikh@greybrook.com Darcy.mcconvey@greybrook.com

G46140130

25 CONTACT I Greybrook Realty Partners Inc.