Walton Capital Management Inc., Toronto, ON

Walton is a multinational real estate investment and development firm concentrating on the research, acquisition, administration, planning and development of strategically located land in major North American growth corridors. With nearly 90, 000 acres of land under administration including 22 development projects, Walton is one of North America's premier land asset managers. Walton takes a long-term approach to land development, building communities for today and tomorrow. Our developments are comprehensively designed in collaboration with local residents for the benefit of all community stakeholders. Our goal is to build communities that will stand the test of time: hometowns for present and future generations. Creating Communities from the Ground Up Nearly 90, 000 acres of land under administration Assets valued at over $4.4 billion CAD / $4.0 billion USD* Over 90, 000 investors worldwide Operations in Canada, the United States and Asia Distributed over $1.7 billion CAD** back to our clients and partners in business *Consists of a. syndication value of active pre-development projects, b. book value of pre-development land held by Walton International Group Inc. and Walton International Group (USA), Inc. and total assets managed in development companies or Walton’s investment in development companies. As at September 30, 2014. * *Consists of a. exit price on pre-development projects exited or partially exited, including the portion initially owned by Walton; b. amounts distributed related to development projects exited or partially existed, including distributions of capital, principal repayment, and interest paid; and, c. repayment of long term debt issued by Walton Group of Companies to third party investors and related interest. As at September 30, 2014.