Greg Vorwaller, President & CEO, Trustee


Greg Vorwaller has over 30 years of experience in the real estate industry, spanning the private equity investing, financial services and investment consulting sectors. Most recently, he served as President & Partner of Trez Capital, a leading private equity bridge lender and investor in Canada and the U.S. There he architected and executed a five-year strategic plan that more than doubled annual loan originations to $2.5 billion and assets under management (AUM) to $4 billion, one year ahead of target.

Immediately prior, he served as Global Head of Capital Markets at Cushman & Wakefield (“C&W”), the business unit responsible for advising clients on the sale, financing and recapitalization of their real estate holdings. Under his leadership, the annual volume of concluded transactions grew from $20 billion to $40 billion. Previously, Greg served as the Global COO and President of CBRE Capital Markets, where he oversaw the transformation of the business to become the #1 ranked sales and financing advisor in the world, with over $100 billion in closed transactions in 2010.

Mr. Vorwaller has served as the lead advisor on over $5 billion in sales, financings and recapitalizations encompassing the industrial, office, retail, multi-family and hospitality property sectors. He received his BA in History from the University of Wisconsin-Madison and has been actively involved with NMHC and ULI.

Bruce Hall, Chief Financial Officer, Trustee


Bruce Hall is a senior financial executive with a strong background in the energy, real estate, private equity, construction and manufacturing industries. Most recently, he was the principal of his own CFO consulting and advisory firm assisting both large and small public and private companies. His mandates included all areas of accounting and financial operations, interim CEO and CFO, mergers and acquisitions, recapitalizations, crisis management, cash flow management, banking and capital, taxation and regulatory including extensive SEC reporting, compliance and U.S. GAAP experience.

Previously, Mr. Hall has served as CFO of several publicly traded and private companies including senior level positions at Knight Energy Corp., Probex Corp., VeroLube Inc., Recognition Equipment, Inc., RG America, Inc. and Harris Adacom Corporation.

Mr. Hall began his career in public accounting with the international Big 4 firm Ernst & Young LLP and is a licensed Certified Public Accountant in the State of Texas, a licensed Certified Management Accountant and is a graduate of the University of Texas at Austin.

Leslie Wulf, Executive Chairman


Leslie Wulf has been the founder, CEO and director of several successful companies over his career, spanning both private and public companies in the U.S. and Canada. In each of these companies, Mr. Wulf raised large sums of public, private and bank financing.

These companies span several different industries: VeroLube, Inc. is a used oil collection and re-refining company; Edleun Inc. (now Busy Bee as sold to Ontario Teachers Pension Fund) is the largest for-profit early learning and child care provider in Canada; Adroit Investments is an M&A management company; Children's Choice Learning Centers Inc. is a national non-traditional child care company in the U.S. (now Bright Horizons, as sold to Bain Capital); and Real Time Management Solutions, LLC is a web-based real-time child care management software company.

Mr. Wulf was also one of the founders as well as President of Dirt Motorsport (now World Racing Group) which consolidated the dirt track racing sanctioning bodies across the U.S. and held more than 800 national and local races annually. Previously, he was President and CEO of a U.S.-based operator of family entertainment, educational and fitness centers in 11 countries.

Samantha Adams, Independent Trustee


Samantha Adams is a senior real estate and public company executive with over eighteen years’ experience with multiple real estate asset classes, including industrial, throughout Canada and the United States. From 2003 until 2019, she worked with the Vancouver-based Sunstone Group of companies as one of the four principals and was actively involved in three of Canada’s most successful public real estate platforms. The Sunstone companies launched 12 Initial Prospectus Offerings and 27 follow-on Equity Offerings for gross proceeds of $2.4 billion and acquired over 300 properties in Canada and the U.S.

Most recently, Ms. Adams was the Senior Vice President of Pure Multi-Family REIT LP, at the time of its IPO Canada’s only pure-play cross border multi-family REIT, until its sale to Cortland Partners in September 2019 for C$1.6 billion. Prior to that, she was a Vice President at Pure Industrial Real Estate Trust (“PIRET”). Launched in 2007 with a $20 million IPO, PIRET was for years Canada’s only pure-play industrial REIT. Ms. Adams stepped away from her role in 2017 and PIRET was sold to Blackstone in 2018 for C$3.8 billion.

Ms. Adams’ public company knowledge and experience extends from pre-IPO structuring and tax considerations, through to the successful sale of a public company. She reported to both the PIRET and Pure Multi-Family boards, liaised and worked with outside advisors including legal, tax, audit and investment bankers. Working with various board committees, Ms. Adams has drafted and implemented corporate governance initiatives including employee health and safety standards, cyber security, whistle-blower, insider trading and diversity policies. She is well-versed on Board governance framework and policies.

Brian Shibley, Independent Trustee


Brian Shibley is a successful real estate investor, developer, and financier. He has concentrated most of his career in real estate business, working throughout North America and the Caribbean. After graduating from the University of Western Ontario, Canada, Mr. Shibley moved to Providenciales, Turks and Caicos Islands, BVI, where he designed and built homes, condominiums, hotels, and casinos. During his time at the Turks & Caicos, he purchased and developed several sites including a condominium resort project on the renowned Grace Bay.

After several years in the Caribbean, Mr. Shibley moved to Dallas, Texas where he established his own real estate company and partnered with The Tower Group. He began buying and selling raw land for residential, commercial and hotel developments. His passion for hockey inspired him to design and build the first hockey arena in Dallas as part of the Dallas Cowboys Hall of Fame corridor. Ten years later, he sold the facility to the Dallas Stars. He was also involved in the initial design, logistics and promotion of building the Motor Car Speedway/Country Club.

For the last ten years, while continuing in the real estate business, Mr. Shibley has served as CEO of a family-owned underground utility company. His innate business and financial sense have empowered him to negotiate major contracts, manage teams handling multimillion dollar operating budgets, and generate millions of dollars in sales. Having recently sold this business, Mr. Shibley has returned to his passion for development and construction, and international investments, with an emphasis on resort developments in the Caribbean as well as projects in Texas.

Nathan Smith, Independent Trustee


Nathan Smith is CFO and Trustee to a large family office where he sits as director and advisor on a number of portfolio investments. He is also Principal of successful real estate developer with more than $400 million of ongoing projects.

Mr. Smith was previously the Managing Director of a corporate governance and fiduciary company providing nonexecutive directorships within the private wealth and hedge fund sectors.

Mr. Smith is a Certified Public Accountant with more than seven years of experience in public accounting, most recently with PWC. He has a BSBA in Accounting from the Thomas Edison State College in New Jersey and an MBA in Finance from Monmouth University in New Jersey.

Kobi Dorenbush, Independent Trustee


Kobi Dorenbush is a Toronto-based lawyer and business advisor. He has practiced internationally in the areas of financial services and investment funds for over 20 years. Between 2011 and 2017, Kobi was a senior officer in several international banks and trust companies. Between 2017 and 2018, Kobi was a Director with Promontory Financial Group, an IBM Company – a consulting firm specializing exclusively in the financial services industry. Kobi’s practice focused on the intersection of traditional banking and “frontier financial services”.

Kobi currently advises various businesses on matters of capital management, operations and risk, including various financial services businesses.

Kobis is an expert in international banking, correspondent banking and international payments/remittances.

In addition to holding a law degree from Osgoode Hall Law School and an undergraduate degree from the University of Toronto, Kobi is a Certified Anti-Money Laundering Specialist with the ACAMS organization.

Heather Barnhouse, Independent Trustee


Heather Barnhouse is a Partner in Dentons’ Technology and Corporate Commercial Groups focusing on transactions to help companies grow and scale. Ms. Barnhouse has deep experience in mergers, acquisitions, partnerships, and other structure to help entrepreneurs capitalize on emerging opportunities for growth and scale. Ms. Barnhouse is an inaugural member of the board, and chair of the governance committee of the Alberta Indigenous Opportunities Corporation, an Alberta based Crown corporation whose mandate is to enable meaningful participation by indigenous communities in natural resource projects.

Ms. Barnhouse is the legal counsel to and corporate secretary of Bitcoin Well Inc., a bitcoin ATM company that recently completed a qualifying transaction with a CPC to become the TSX-V’s first cryptocurrency company.

Dave Richardson, Independent Trustee


Dave Richardson is currently President and CEO of Octaform Systems Inc. and is a Director of Richardson International Limited. Mr. Richardson is an experienced inventor, executive, entrepreneur, investor and fonder of multiple innovative technology companies. He is a Board member of GreenPower Motor Company Inc., which makes electric commercial vehicles. He serves on the Advisory Board to ZS2 Technologies Inc., which develops and manufactures proprietary low-carbon cementitious building materials and prefabricated panels. He is a Director Emeritus of Ducks Unlimited Canada following 20 years on the board. He was a founding member and Director of The Asia Pacific Foundation, and a leader on various government trade missions to Asia.

In addition, Mr. Richardson was a Director of the Canada China Trade Council and Chairman of the Agriculture Committee. He also has a long history of being involved in charitable board work and numerous philanthropic endeavors, and in 2016 co-founded the Stigma-Free Society charity where he currently serves as the Board Chair