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Monday, May 18, 2015

Slate Asset Management Announces New CEO and CFO Appointments for FAM REIT

TORONTO, Jan. 22, 2015 - Slate Asset Management LP ("Slate") announced today that it has appointed Scott Antoniak and Brian Moncik as CEO and CFO, respectively, of FAM Real Estate Investment Trust ("FAM REIT" or the "REIT") (TSX: F.UN) (TSX: F.WT). Blair Welch and Brady Welch will remain actively involved with FAM in their capacities as partners of Slate, the REIT's external manager.

Mr. Antoniak most recently held the position of Executive Director in the real estate investment banking group at CIBC World Markets. There he was responsible for the execution of capital markets transactions which included overseeing underwriting and due diligence activities. Scott joined CIBC in 1997 and was involved in real estate transactions across North America totalling over $15 billion including the 2013 disposition of the GE Canada Real Estate Portfolio and the 2011 disposition of the Slate/Blackstone Canadian Office Portfolio. Prior to CIBC, Scott held various management positions in commercial real estate finance. He holds an MBA (Real Property Development) from York University and a BA (Economics) from Western University.

Mr. Moncik most recently served as Senior Vice-President of Finance at SkyPower Global, one of the world's largest developers and owners of solar energy projects. Brian joined SkyPower in 2006 and was responsible for the firm's finance and accounting activities as well as fundraising initiatives in which he led or participated in over $2 billion of transactions. Prior to SkyPower, Brian was the Controller of Funds Management at Brookfield Asset Management where he was responsible for the accounting of various funds focused on the real estate, restructuring, technology and income trust sectors. He is a Chartered Accountant registered with the Institute of Chartered Accountants of Ontario and holds a BCom from McGill University.

"We are delighted to have Scott and Brian join Slate's growing team of talented real estate professionals," said Blair Welch, Partner and co-founder of Slate. "Their collective industry expertise will bolster the Slate platform and bring exceptional leadership to FAM in this transformative period for the REIT's growth and development."

Mr. Moncik will commence his duties as CFO in late January 2015 with Mr. Antoniak joining as CEO in early February 2015.

About FAM REIT
FAM REIT is an open-ended real estate investment trust. The REIT's portfolio comprises 35 strategic and well-located real estate assets located primarily across Canada's major population centres. The REIT is focused on maximizing value through internal organic rental and occupancy growth and strategic acquisitions. More information is available at www.famreit.com.

About Slate
Slate Asset Management LP is a leading real estate investment platform with over $2 billion in assets under management. Slate is a value-oriented company and a significant sponsor of all its private and publicly-traded investment vehicles, which are tailored to the unique goals and objectives of its investors. The firm's careful and selective investment approach creates long term value with an emphasis on capital preservation and outsized returns. Slate is supported by exceptional people, flexible capital and a proven ability to originate and execute on a wide range of compelling investment opportunities. More information is available at www.slateam.com.

SOURCE FAM Real Estate Investment Trust

For further information:

Blair Welch
Partner & Co-Founder,
Slate Asset Management L.P.
+1 416 644 4267
blair@slateam.com

Brady Welch
Partner & Co-Founder,
Slate Asset Management L.P.
+1 416 644 4263
brady@slateam.com

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