Shelter Canadian Properties Limited is responsible for the day-to-day management and administration of LREIT and serves as the property manager for the properties, which are owned by the trust.

Shelter Canadian Properties Limited is one of Canada’s leading privately owned real estate development and property management companies. As of January 1, 2008, Shelter Canadian, in conjunction with its U.S. equivalent, Shelter American Holdings, Inc., is responsible for the management of approximately 200 multi-unit rental, condominium, commercial and hotel properties, comprised of more than 12,000 suites and approximately 8 Million square feet of commercial space…a portfolio valued in excess of $2.5 Billion under administration. The senior management of Shelter has a track record of over 25 years of real estate development, asset and property management and investment experience. Shelter has an employee base in Canada of approximately 300 individuals and its corporate Head Office is located in Winnipeg, Manitoba, Canada.

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