Corporate Governance


Inovalis REIT is a strong believer that a thorough and effective corporate governance policy is essential in enhancing the value of the REIT, and maximizing long-term Unitholder value. The board of Trustees recognizes the importance of strong corporate governance and the management has put in place a number of procedures and policies to ensure the REIT upholds the highest industry standards in corporate governance.

Board Membership

Dan Argiros, Chair of the Board of Trustees
Mr. Argiros is President and CEO of Conundrum Capital, a real estate private equity fund manager serving major pension funds and institutional investors that he co-founded in 2000. Mr. Argiros was the founder of Potentia Solar Inc. and served as its Chief Executive Officer from 2010 until March 2016. He was founder, President and Chief Executive Officer of Acanthus Real Estate Corporation, between 1997 and 2000. Prior to forming Acanthus, Mr. Argiros led the investment management subsidiary of Corporate Planning Associates, from 1988 to 1997.  Mr. Argiros began his career with the national accounting firm, Deloitte, Haskins & Sells in 1985, after completing his Bachelor of Commerce degree at the University of Toronto. He obtained his designation as a Chartered Professional Accountant the following year. Mr. Argiros is a Director and Past President of ProAction, Cops and Kids.

Jean-Daniel Cohen
Since 2001 Mr. Cohen has served as the Chair and CEO of Hoche Partners Group of Companies, an international investment bank focused on providing advisory, structured financing, private equity and real estate services to family offices and medium-sized businesses. He also serves as Managing Director of LAURAD, a real estate-focused private equity investment group. Prior to his current role, Mr. Cohen was the Managing Partner at Aurel-Leven, a leading independent French brokerage and investment bank, the Managing Partner at  UFFI REAM, a real estate asset manager and CEO of Louis  Dreyfus Finance (Banque), the banking arm of the Louis Dreyfus Group. Mr. Cohen graduated from Ecole Centrale de Paris.

Richard Dansereau
Mr. Dansereau has over 30 years of real estate experience. He is currently a Managing Director at Stonehenge Partners, a New York-based real estate company. Prior to joining Stonehenge, Mr. Dansereau was President and Chief Operating Officer of Cadim, a real estate division of Caisse de depot et placement du Québec, from 2000 to 2009 and, prior to that, he was Vice-President of Acquisitions for Canadian Real Estate Investment Trust from 1997 to 2000. He has served on the boards of private and public companies, including MCAN Mortgage Corp. Mr. Dansereau has a certificate in marketing from the Business School of the University of Montreal.

Michael Lagopoulos
Mr. Lagopoulos is a corporate director, provides wealth management consulting services to wealthy families and has taught a course in family wealth management at the Rotman School of Management at the University of Toronto since January 2011. Mr. Lagopoulos retired as Deputy Chairman of RBC Wealth Management in 2014 where he was responsible for the coordination and servicing of leading ultra-high net wealth families and institutional clients around the world. He was responsible for the corporate governance of major RBC Wealth Management subsidiaries. Between 2007 and 2010, Mr. Lagopoulos served as CEO and Head of RBC International Wealth Management, in London, England. Mr. Lagopoulos holds a Bachelor of Commerce from the University of Toronto and is a Chartered Accountant. He has been twice recognized with Life Time Achievement Awards for his work internationally in banking and wealth management.
Jo-Ann Lempert
Ms. Lempert, is the Regional Assurance Partner and the leader of MNP’s Public Companies practice as well as its Real Estate Services group in Montréal. She works with a number of private companies and public issuers that require specialized expertise in complex standards in financial reporting. Ms. Lempert also has significant experience taking private companies through the public listing process. Ms. Lempert has been a contributing author for Chartered Professional Accountants of Canada, CCH Wolters-Kluwer, a course instructor for the Order of Chartered Professional Accountants of Quebec and the Institute of Chartered Professional Accountants of Ontario.  Ms. Lempert holds the FCPA, FCA designation and became a Fellow in 2016. She holds a Bachelor of Commerce (Accounting and Entrepreneurship) from McGill University a Diploma of Accounting from Concordia University.

Marc Manasterski
Mr. Manasterski is a partner and Head of Quilvest Real Estate, a division of Quilvest, a multi-family office with global reach. Before joining Quilvest in February 2008, Mr. Manasterski served as Chief Executive Officer of Alliance Hospitality Group, managing a large hotel portfolio in France, Belgium and Italy on behalf of Whitehall, Goldman Sachs’ real estate opportunity fund. Prior to that, Mr. Manasterski acquired more than 20 years of direct experience in real estate development. Mr. Manasterski was Chief Executive Officer of several private investment funds owned by banks or/and high net worth individuals. Mr. Manasterski holds an H.N.D. in Marketing from the College for the Distributive Trades (London) and a Masters degree in Business Administration from INSEAD, Fontainebleau.

Robert Picard
Mr. Picard has been a partner at Gardiner Roberts LLP since 1991 and has served on the firm’s management board and a number of governing committees.  He has acted as lead counsel in many complex investment arrangements and large-scale structured projects including those in real estate, energy and technology.  Mr. Picard has negotiated a number of public and private financings including public placements, venture capital, standard and convertible debt, mezzanine and asset-backed transactions. He has broad experience in mergers and acquisitions in numerous industries including real estate. Mr. Picard is a graduate of University of Toronto Law School and is certified by the Law Society of Ontario, Canada as an expert in Corporate and Commercial Law.

Committee Membership

Audit Committee Compensation and Governance Committee Investment Committee
 Jo-Ann Lempert, Chair
Jean-Daniel Cohen
Michael Lagopoulos
Michael Lagopoulos, Chair
Richard Dansereau
Robert Picard
Richard Dansereau, Chair
Jean-Daniel Cohen
Marc Manasterski

Board Mandate, Committee Charters and Chair Position Description

Mandate of the Board of Trustees

Charter of the Audit Committee

Charter of the Compensation and Governance Committee

Charter of the Investment Committee

Position Description - Chair of the Board

Corporate Policies

Declaration of Trust

Majority Voting Policy

Advance Notice Policy