Jennifer Tory

Good afternoon. My name is Jennifer Tory, and I'm the Chair of the Board of Trustees of the Allied Properties Real Estate Investment Trust -- pursuant to Section 7.6 of the REIT's amended and restated decoration of Trust.

I will act as Chair of this meeting. On behalf of the Board I welcome you to this annual meeting of the unitholders of Allied. This meeting is being conducted virtually through Lumi Connect meeting platform. Lumi Connect allows registered unitholders and duly appointed proxy holders to vote and submit questions during the meeting.

Across the Canadian market, more and more public companies have been evolving the format of their AGMs. Allied has adopted the virtual format this year because it allows all unitholders to participate equally regardless of their location and makes the meeting more accessible to investors who may not be able to attend in person.

We will, of course, review unitholder participation in deciding on future formats of the annual meeting. Before proceeding with the formal business of the meeting, I'd like to take this opportunity to say a few words about the recent completion of Allied's leadership renewal and succession plan and other changes made recently in connection with the REIT's leadership and governance.

This year, we have two trustees who are not standing for reelection. First, I want to acknowledge Michael Emory. Michael founded Allied and for more than 2 decades, his vision, instincts and leadership have shaped this organization in a profound and lasting way.

As Founder, as President and Chief