TORONTO, ON (May 15, 2023) - Great Gulf Group, a leading real estate organization that develops, constructs, and manages residential, resort, recreational, commercial, and industrial real estate across 20 markets in North America, is thrilled to announce its recent triumphs in the building industry, receiving four prestigious awards that recognize its unwavering commitment to excellence. These accolades highlight the significant role played by its team to imagine, construct, and manage the greatest communities to live, work, and play.<figure class="image image-style-align-center"><img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/bagrp_38_b730c5891f.jpg"></figure> Ashton Woods, Great Gulf Group’s U.S. affiliate, has been named the 2023 Builder of the Year by BUILDER magazine. Over the past decade, Ashton Woods has experienced remarkable growth, expanding from $300 million to over $3.5 billion in revenue. This year, they secured the 12th position on the Builder 100 list, with 8,591 homes closed. “This honour is truly a testament to the collective work of our entire team,” said Ken Balogh, President, and CEO of Ashton Woods. “While it was never a stated goal of ours to be named Builder of the Year, it is a by-product of the incredible talent we have across the organization and a culture that empowers our teams to take big swings, make an impact and do the right thing. Every single one of our employees should feel a great sense of pride in this recognition.”Great Gulf Group’s Canadian based Great Gulf Homes was honored with the Homebuilder of the Year - Low-Rise award by the Building Industry and Land Development Association (BILD). This award highlights Great Gulf's excellence in the design, construction, marketing, and sales of new homes in the Greater Toronto Area (GTA). The rigorous evaluation process involved the submission of over 990 entries, judged against stringent criteria by 40 experts from across Canada and the United States. Great Gulf's commitment to providing exceptional customer experiences was a key factor, as the judging process included a comprehensive customer satisfaction survey. “Every interaction with our purchasers from sales, construction, design, development, and service is an opportunity to deliver and execute on our core values and provide the optimal customer experience.” said Katy Schofield President, Low-Rise Residential Canada. “This award is a testament to the passion of our employees for this business and Great Gulf.”&nbsp; Furthermore, Great Gulf’s excellence was acknowledged with the BILD’s International Project of the Year award for La Clara, a remarkable 25-story high-rise condominium development in West Palm Beach, Florida. Neil Vohrah, President of High-Rise North America, expressed his delight at receiving this prestigious recognition, “This award celebrates the high-rise team and the entire organization for its vision and commitment to excellence.” Finally, Great Gulf Homes won the highest honor for customer service with the Avid Service Award. “This award honours employees who receive exemplary customer satisfaction scores amongst the thousands of employees rated in the AvidCX platform, said Tad Putyra, President Low-Rise. “The Avid Service Awards are widely considered to be the premier awards for homebuilding professionals. Employees selected have scored in the top 5% in customer satisfaction nationwide. &nbsp;Thank you to all our frontline people who earned this important recognition.” The Great Gulf Group of Companies extends its sincerest gratitude to its customers, as well as its incredible team members, whose talent and dedication is unparalleled. Through a culture that empowers people to make a difference and a focus on delivering the best customer experiences, Great Gulf Group continues to set new standards in the building industry. ABOUT GREAT GULF GROUP Established in 1975, the Great Gulf Group includes Great Gulf Homes; Ashton Woods Homes, the largest private homebuilder in the US; First Gulf, a commercial developer specialized in industrial, lab, data centres, and mixed-use properties; Tucker HiRise, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; a new Recreation and Resort division responsible for Taboo and Lora Bay in Ontario and now Killington Mountain in Vermont; and a Build-To-Rent division with a growing presence across the U.S. Sunbelt States. Learn more at <a href="http://www.greatgulfgroup.com" target="_blank" rel="noopener noreferrer">www.greatgulfgroup.com</a> ABOUT ASHTON WOODS / STARLIGHT HOMES Ashton Woods is the #1 private home builder in the United States and was recently named Builder of the Year by Builder magazine. The company markets its homes through its two award-winning brands, Ashton Woods Homes and Starlight Homes. The Ashton Woods brand is known for designing thoughtfully curated, inspired homes for people who love design. &nbsp;The company’s industry-leading experience at The Studio and with AW Collections results in exceptional design and special designer touches in every Ashton Woods home. The Starlight Homes brand builds homes specifically for the first-time homebuyer, offering affordable homes with well-executed designs and quality finishes for buyers looking to make the dream of home ownership a reality. &nbsp;The company’s commitment to innovation and continually evolving to meet the needs of the market is a key reason it is one of the most celebrated homebuilders in the nation, winning hundreds of national and local industry awards in product design, community design, architecture, merchandising, sales, marketing, customer service and innovation. Learn more at <a href="http://www.ashtonwoods.com" target="_blank" rel="noopener noreferrer">www.ashtonwoods.com</a> For media inquiries, please contact:&nbsp; &nbsp;&nbsp; Madeline Zito, Senior Vice President Public Relations &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; Great Gulf Group &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 416 744 2222 C 647 938 1851 &nbsp; &nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; <a href="emailto:madeline.zito@greatgulf.com" target="_blank" rel="noopener noreferrer">madeline.zito@greatgulf.com</a> <a href="http://www.greatgulfgroup.com" target="_blank" rel="noopener noreferrer">www.greatgulfgroup.com</a> &nbsp;

Great Gulf Group

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Great Gulf Group of Companies: People, Culture, and Values Propel Success, Garnering Multiple Top Building Industry Awards in North America

Bill Tresham, Executive Chairman Great Gulf Group, is pleased to announce the appointment of Kiel O'Sullivan as President of Granden Living the Group's US single-family build-to-rent business. Kiel will be responsible for forming and executing the strategic direction of the business overseeing the operations, capitalization, and growth across major MSAs in the US Sunbelt. &nbsp;Since launching in 2021, Granden Living has entered seven markets, including Austin, San Antonio, Houston, Tampa, Dallas, Charleston and Orlando with 18 projects that will represent over 2,300 units at full buildout. <img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/Kiel_b3cae45a60.jpg">"On behalf of Great Gulf Group, we are delighted to have Kiel lead the development and growth of this business," said Bill Tresham Executive Chairman. "Kiel played a pivotal role in launching and capitalizing the business and we are confident he will deliver on our objective to provide brand-new purpose-built rental home communities to highly desirable, undersupplied markets in the US."Kiel joined the Great Gulf Group in 2019 and served on the leadership team as SVP of Strategy &amp; Corporate Development, responsible for real estate development and investment opportunities across residential and mixed-use asset classes and for capital fundraising in the U.S. and Canada. In that role, he led the underwriting, due diligence and execution of several acquisitions, dispositions, and investments.He holds a Bachelor of Business Administration from the Schulich School of Business at York University and a Master of Business Administration from Columbia Business School.About Great Gulf GroupEstablished in 1975, the Great Gulf Group including Great Gulf Homes an international award-winning, low-rise and landmark high-rise residential developer providing over 90,000 families with places to call home; Ashton Woods Homes, the largest private builder in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada's top-ranked golf courses, is one of North America's premier real estate organizations. With major projects in Canada and the United States, the company's fully integrated activities span the entire real estate spectrum. Learn more at www.greatgulf.comMadeline Zito, Senior Vice President Public Relations, Great Gulf Group, 416 744 2222 C 647 938 1851, madeline.zito@greatgulf.com, www.greatgulf.com

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Great Gulf Group Appoints Kiel O'Sullivan President US Single-Family Build-To-Rent

TORONTO, ON, January 25, 2023 – Bill Tresham, Executive Chairman Great Gulf Group is pleased to announce the appointment of Neil Vohrah as President High-Rise Residential North America. He joins Business Leads: Katy Schofield, Low Rise Canada; David Carreiro, First Gulf; Chris Mallinos, Tucker HiRise; Tad Putyra, Low Rise and COO; Michael Sneyd, Resort Residential; and Kiel O’Sullivan, Granden Living at Great Gulf Group.<figure class="image image-style-align-center"><img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/Great_Gulf_Group_GREAT_GULF_GROUP_APPOINTS_NEIL_VOHRAH_PRESIDENT_a062883311.jpg"></figure> “We are delighted to have Neil join Great Gulf Group to lead the expansion of the high-rise residential platform in North America,” said Bill Tresham, Executive Chairman Great Gulf Group. “He leads the growth and operations of the business unit including acquisitions, revenue strategies, and project execution in Canada and the US. Neil has already achieved several milestones including the occupancy of condominium high-rise buildings at 357 King Street West and topping off at 8 Cumberland. He was also involved in finalizing the Waterfront Toronto Quayside project.”Neil is a successful real estate executive with more than 20 years’ experience and a deep knowledge of development and construction in high profile international projects including Canary Wharf London, Atlantis Dubai and Porta Nuova Garibaldi Milan. He is an accomplished real estate leader in all aspects of real estate development, business strategy, operations, and people management. Mr. Vohrah’s knowledge of executing large multi-stakeholder developments is key to the success of the projects in his portfolio. His past roles include COO of TAS, a mixed-use development company, Vice President, Project and Development Services at Canderel Group, and Director of Business Development at Multiplex (a Brookfield Company).Neil holds a Bachelor of Science (Honours) and a postgraduate Bachelor of Architecture degree from Cardiff University, UK.About Great Gulf Group Established in 1975, the Great Gulf Group including Great Gulf Homes an international award-winning, low-rise and landmark high-rise residential developer providing over 80,000 families with places to call home; Ashton Woods Homes, the 2nd largest private builder and 15th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada's top-ranked golf courses, is one of North America’s premier real estate organizations. With major projects in Canada and the United States, the company’s fully integrated activities span the entire real estate spectrum. Learn more at www.greatgulfgroup.com

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Great Gulf Group Appoints Neil Vohrah President High-Rise Residential North America

Waterfront Toronto yesterday approved an agreement with Dream Unlimited Corp. (Dream) and Great Gulf Group, known as Quayside Impact Limited Partnership. Under the terms of the agreement, Quayside Impact (QILP) will develop the 12-acre (4.9 hectare) site at Parliament and Queens Quay known as Quayside, to build much needed housing and new public spaces, all in Canada’s largest all-electric, zero-carbon master-planned community. This announcement comes after QILP was selected in February 2022 through a competitive process. Since then, negotiations have locked in all key commitments from the development partner, including:1. 800+ affordable housing units, with more than half the units being family-sized (2+ bedroom). Affordable housing will be built in each phase of the development, so that these units can be delivered faster. 2. 3.5 acres of public space, including a car-free green oasis from Parliament Street to Bonnycastle Street, that will connect projects further west towards Jarvis Street. 3. Innovative low-carbon development, including Canada’s largest tall-timber structure.Approval of the project agreement means that QILP can begin working towards construction in 2026. This includes pursuing municipal approvals and holding additional public consultations. &nbsp;“This agreement is another step toward Quayside becoming the world-class, complete community that Toronto was promised,” said George Zegarac, Waterfront Toronto CEO. “It codifies the vision for this neighbourhood, and all the hopes that we heard from the public and from our partners in government: Quayside will be a community that is dynamic, inclusive and resilient.”“The discussions with Waterfront Toronto that led to this agreement reaffirmed that we share the same values and priorities when it comes to this incredible opportunity,” said Michael Cooper, founder of the Dream Group of Companies. “We are lucky to be working with a partner like Waterfront Toronto, whose ambitions for this site have guided our vision every step of the way,” said Neil Vohrah, President, High-rise Residential (North America) with Great Gulf Group.“Even as the economic climate makes development projects more difficult, the board was pleased to see how this deal advances Waterfront Toronto’s public good mandate and the important commitments made by all parties,” said Jack Winberg, chair of Waterfront Toronto’s Investment and Real Estate Committee.Quayside Impact’s <a href="https://www.waterfrontoronto.ca/news/dream-unlimited-and-great-gulf-group-selected-develop-quayside" target="_blank" rel="noopener noreferrer">original proposal</a> for Quayside featured five towers, designed by renowned architects including Sir David Adjaye, Alison Brooks, and Henning Larsen. Images are available for download (with credit to Waterfront Toronto) <a href="https://drive.google.com/drive/folders/1ylgdUFdtjmrgDEiUrqaBkG57cu524XQk" target="_blank" rel="noopener noreferrer">at this link</a>.

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Waterfront Toronto And Quayside Impact Confirm Agreement To Develop Quayside

The 8,500 square foot suite is one of the most expensive penthouses ever sold in Toronto, bringing Forma to nearly $700 million in sales in just six monthsNovember 14, 2022 (Toronto, ON) – Marking one of the most successful condominium sales launches in 2022, Great Gulf Group, Dream (consisting of Dream Unlimited Corp. [TSX: DRM] and Dream Impact Trust [TSX MPCT.UN]), and Westdale Properties announce the sale of the highly-desirable penthouse suite at Forma valued at over $20 million. Providing exquisite views of the city skyline and waterfront, the 8,500 sq. ft. residence occupies the entire 72nd floor of the Frank Gehry-designed building at King St. W. and Ed Mirvish Way. In just a few short months, Forma has reached close to $700 million in sales.“Since its inception, Forma has gained a reputation as the most prestigious mixed-use development in Toronto,” says Mitchell Cohen, Chief Operating Officer, Westdale Properties. “Despite economic headwinds, this extraordinary penthouse sale proves that demand for world-class architecture in well-located neighbourhoods remains strong. We are thrilled with the overwhelmingly positive response we’ve received so far, and we firmly believe in the continued resilience of the new construction luxury market in the city.” &nbsp;Launched for sales in June 2022, Forma is world-renowned architect Frank Gehry’s first residential project in Canada and his tallest building in the world. As one of only a few Gehry-designed penthouses, Forma’s over $20 million penthouse suite was envisioned as the crown jewel of the building, offering a once-in-a-lifetime opportunity to live in one of the most luxurious architectural masterpieces. At 73 storeys, Forma was designed to capture the essence of Gehry’s home city of Toronto and took inspiration from some of the buildings that were important to him growing up, including Old City Hall, the Parliament Buildings and the Royal York Hotel.As a testament to the vision for his homecoming project, Gehry has also purchased a suite at Forma. With unmatched northeast views of University Avenue and the surrounding cityscape, Gehry’s suite welcomes beautiful, natural light throughout the day, and a shimmering skyline at night. Having grown up in Toronto, Gehry's purchase marks a special return to the place where it all began - and where his love of architecture was initially formed.Interior spaces, including the well-curated amenities and elevated suites, were designed by internationally recognized designer, Paolo Ferrari of Studio Paolo Ferrari. Striking a balance between exuberant and serene, amenities include a Grand Suite with sweeping views of Toronto, a Creator’s Club with multi-functional workspaces and an adjoining Maker’s Studio for hands-on activities, as well as a Health and Wellness Retreat boasting the latest gym equipment, a spa, jacuzzi and dedicated spin room. &nbsp;“The incredible sales success of Forma in less than six months underscores the confidence in the new construction market. Generating unprecedented interest both locally and internationally, this momentum not only reflects Toronto’s place on the world stage, but the strength of a powerhouse team of renowned developers and designers,” says Barbara Lawlor, CEO, Baker Real Estate, who leads sales for the project.To register and learn more about Forma, please visit: <a href="https://formatoronto.com" target="_blank" rel="noopener noreferrer">formatoronto.com</a>-30-For additional information please contact:Press Contacts:Kimberly Riddell <a href="mailto:Kimberly.riddell@kga-inc.com" target="_blank" rel="noopener noreferrer">Kimberly.riddell@kga-inc.com</a> 647-969-6689Samantha Lem <a href="mailto:Samantha.lem@kga-inc.com" target="_blank" rel="noopener noreferrer">Samantha.lem@kga-inc.com</a>&nbsp; 613-983-8365About Great Gulf Group Established in 1975, the Great Gulf Group including Great Gulf Homes, an international award-winning, low-rise and landmark high-rise residential developer providing over 80,000 families with places to call home; Ashton Woods Homes, the 2nd largest private builder and 15th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada's top-ranked golf courses, is one of North America’s premier real estate organizations. With major projects in Canada and the United States, the company’s fully integrated activities span the entire real estate spectrum. Learn more at <a href="https://www.greatgulfgroup.com/" target="_blank" rel="noopener noreferrer">greatgulfgroup.com</a>About Dream Unlimited Corp Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $17 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land and residential assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. &nbsp; For more information please visit: <a href="https://dream.ca/" target="_blank" rel="noopener noreferrer">www.dream.ca</a> About Dream Impact Trust Dream Impact is an open-ended trust dedicated to impact investing. Dream Impact's underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investment holdings, and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; while generating attractive returns for investors. For more information, please visit: <a href="https://dream.ca/investors/impact/" target="_blank" rel="noopener noreferrer">www.dreamimpacttrust.ca</a> About Westdale Properties For more than 60 years, Westdale has owned, managed and developed real estate across Canada and the United States. A family-owned company, Westdale is committed to creating positive experiences for the tens of thousands of North Americans who call our buildings home, and for those who work and shop at our properties. This commitment extends to our partners, suppliers, contractors, and our team of over 1,400 dedicated employees. With a core business consisting of over 50,000 residential units in Ontario, Quebec and 11 U.S. states, Westdale continues to expand its portfolio to include over 4 million square feet of retail, office, industrial, food &amp; beverage, hotel and resort properties on both sides of the border. Westdale is also actively involved in a number of significant urban residential developments across North America, including projects in Toronto, Halifax, Kitchener, Atlanta, Dallas and Miami.

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Forma Toronto

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Entire penthouse floor at Frank Gehry-designed Forma sold in a momentous deal valued at over $20 million

​BRAMPTON, ON (September 12, 2022) – On Thursday, September 8, the City of Brampton and Great Gulf unveiled Great Gulf Cricket Pitch at Teramoto Park. On April 6, 2022, Brampton City Council approved that the naming rights of Teramoto Cricket Pitch be renamed to Great Gulf Cricket Pitch at Teramoto Park for a term of three years.“The City of Brampton is a leader in the GTA in supporting cricket and we are proud of this partnership with Great Gulf,” said Mayor Patrick Brown. “Partnerships such as these help to maintain and update recreational spaces in our community. Great Gulf has been a wonderful partner and we appreciate their continued investment in the City of Brampton.”The funding received through the naming rights will cover the costs of maintenance operations for the cricket pitch. The pitch underwent significant renovations in 2019 which included: lighting, digital score clock specific to the sport of cricket and all-new cricket screens.The City of Brampton is a leader in supporting the sport of cricket, with the most pitches per capita in the GTA. Brampton is currently home to 18 cricket pitches, two of which are lit and allow for nighttime play. Cricket is a hugely popular sport within Brampton and demand for playing time continues to grow.“Great Gulf is committed to supporting the communities where we build and is delighted to partner with the City of Brampton for the unveiling of the Great Gulf Cricket Pitch at Teramoto Park,” said Kathleen Schofield, President Low Rise Residential, Great Gulf. “We are proud to be a long-standing community developer and home builder in the city and believe that all residents and their families should have access to the use and enjoyment of recreational spaces.”Brampton City Council adopted a citywide sponsorship strategy and an updated Sponsorship and Naming Rights Policy in March 2019. The citywide sponsorship and naming rights program offers customized opportunities for businesses to connect with the community, creating enhanced experiences for residents. To learn about the sponsorship and naming rights opportunities available visit www.brampton.ca/sponsorship. <img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/COB_8838_6c75d741bb.jpg"> <img> <img><img><img><img><img><img>

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City Of Brampton Unveils Great Gulf Cricket Pitch At Teramoto Park

TORONTO, ON, May 3, 2022 – Great Gulf Group (Great Gulf), together with its partners Westdale Properties and a large Canadian institutional investor, has acquired 787 residential lots across seven master-planned communities in San Antonio, Austin and Houston, TX, from Forestar Group, Inc. (Forestar) to build, own, and operate dedicated single-family rental homes.&nbsp;“This acquisition provides an excellent entry point into the Houston and Austin markets while increasing Great Gulf’s operational scale across our Texas portfolio. Based on demographic trends and customer preference, we believe the demand for professionally managed rental housing is undersupplied,” said Aole Ansari, Chief Operating Officer, Great Gulf Build-to-Rent. “Land development and construction activities are underway, and we expect to begin home deliveries to residents in late 2023. We look forward to future investment opportunities and strengthening our relationship with Forestar.”&nbsp;Daniel Bartok, Chief Executive Officer of Forestar, said, “These sites provide an excellent opportunity to include purpose-built single-family rental housing for consumers interested in living in these communities. We are very pleased to bring Great Gulf into our builder program to fulfill the growing demand for this housing option and look forward to growing our relationship.”&nbsp;Great Gulf’s investment strategy is primarily focused on US Sun Belt states, whose high population growth is driven by strong job growth, low tax and regulatory burdens, affordable housing, low unemployment, and warmer climates. Together with existing projects in Tampa, FL, Charleston, SC, San Antonio, TX and Dallas, TX, Great Gulf’s build-to-rent portfolio is approaching 2,000 lots and homes within one year of operation. About Great Gulf Group The Great Gulf Group was established in 1975 and has become one of North America’s leading real estate organizations with fully integrated activities that span the entire real estate spectrum. Through its various platforms including Ashton Woods and First Gulf, the Great Gulf Group develops, constructs and manages residential and commercial real estate across 18 cities and employs over 1,500 people in North America. The Great Gulf Group has developed over 80,000 residences and 30 million square feet of commercial real estate over its 45-year history. Please visit <a href="https://www.greatgulf.com/">www.greatgulf.com.</a> About Westdale Westdale has owned, managed and developed real estate across North America for over 60 years. Westdale’s Canadian portfolio includes approximately 7000 residential units and over 2.5 million square feet of retail, commercial and industrial spaces. In the US, Westdale owns and manages approximately 35,000 residential units in 150 properties and 30 cities, as well as 3 million square feet of retail and commercial space. Please visit <a href="https://www.westdale.com/">www.westdale.com.</a> &nbsp; For more information: Madeline Zito, Senior Vice President Public Relations Great Gulf 416 744 2222 C 647 938 1851 <a href="mailto:madeline.zito@greatgulf.com">madeline.zito@greatgulf.com</a>

Granden Living

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Great Gulf Group Acquires New Communities for Build-to-Rent Homes in San Antonio, Austin and Houston from Forestar Group, Inc.

Frank Gehry Unveils Homecoming Masterpiece in Toronto: FormaForma Will Be the Tallest Gehry-Designed Building in the World&nbsp;<div class="raw-html-embed">
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</div>TORONTO, CANADA – MARCH 31, 2022 – Developers Great Gulf Group, Dream (consisting of Dream Unlimited Corp. [TSX: DRM] and Dream Impact Trust [TSX MPCT.UN]), and Westdale Properties today announce the name unveiling of their newest mixed-use, two-tower development designed by world-renowned architect Frank Gehry. The development, Forma, will be the first Gehry-designed new development in Canada and marks Frank Gehry’s homecoming to Toronto. What’s more, the development will feature the tallest Gehry-designed building in the world.Gehry’s work has been considered among the most influential in contemporary architecture. Throughout his illustrious career he has been recognized with numerous awards including the Pritzker Prize, the world’s most prestigious architecture award. A few of Gehry’s most notable projects include the Guggenheim Museum in Bilbao, the Walt Disney Concert Hall in Los Angeles and Fondation Louis Vuitton in Paris.Named for the Latin and Italian meaning for form, shape and appearance, and inspired by the towers’ dancing movement, Forma marks a bold, yet timeless masterpiece that will forever impact the way that visitors and residents experience Toronto.“As we continued to meet with Frank, his team and our partners, we couldn’t help but be drawn to the name, Forma,” stated Amanda Wilson Watkins, Senior Vice-President, Sales &amp; Marketing of Great Gulf Group. “The ‘form’ – in true Gehry fashion – reflects, both literally and figuratively, the City of Toronto, and pays homage to where Mr. Gehry grew up.”Gehry’s unique art forms are the hallmark of his international recognition, and the design of Forma’s towers creates a sense of movement that will transcend the building. Forma’s iridescent façade and twisting shape will reflect the colours of the sun and the form of the surrounding buildings to change Toronto’s skyline.“Forma will be an exceptional addition to the city’s downtown Entertainment and Financial District,” said Krystal Koo, Head of Marketing &amp; Sales of Dream Unlimited Corp. “By collaborating with a full team of local and internationally recognized design talent, Forma brings inspiration from around the world and will become a new landmark for the city’s skyline, elevating Toronto on the global stage.”&nbsp;Forma, a mixed-use development, located at Downtown Toronto’s 266-284 King Street West, will feature two residential towers – one will be 73 storeys and the other will be 84 storeys with a total of 2034 condominiums – commercial and retail spaces and a new space for OCAD University.“Working with a global team to see the Forma brand come to life has been inspiring,” added Mitchell Cohen, Chief Operating Officer of Westdale Properties. “We are confident that Forma will put Toronto on the map as a world-class architectural destination and look forward to the next phase of this development as we reveal more details and launch sales later this year.”Sales for Forma are coming soon. For more information visit: <a href="https://formatoronto.com/">www.formatoronto.com</a>About Great Gulf Group Established in 1975, the Great Gulf Group including Great Gulf Homes, an international award-winning, low-rise and landmark high-rise residential developer providing over 80,000 families with places to call home; Ashton Woods Homes, the 2nd largest private builder and 15th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada's top-ranked golf courses, is one of North America’s premier real estate organizations. With major projects in Canada and the United States, the company’s fully integrated activities span the entire real estate spectrum. Learn more at <a href="https://www.greatgulfgroup.com/">www.greatgulfgroup.com</a>.About Dream Unlimited&nbsp; Founded in 1994 with a vision to revolutionize the way people live and work, Dream is one of Canada’s leading real estate companies, with over $15 billion in assets across North America and Europe. Across the Dream group platform, there is approximately 4 million square feet of GLA in retail or commercial properties and over 20,000 condominium or purpose-built rental units in our development pipeline and 9,000 acres of lands across Western Canada. Responsible for some of the country’s most iconic and transformative projects, we always invest with purpose, embracing creativity, passion and innovation, delivering strong returns, while positively impacting the communities and the world around us through our focus on impact investing.About Westdale Properties For more than 60 years, Westdale has owned, managed and developed real estate across Canada and the United States. A family-owned company, Westdale is committed to creating positive experiences for the tens of thousands of North Americans who call our buildings home, and for those who work and shop at our properties. This commitment extends to our partners, suppliers, contractors, and our team of over 1,400 dedicated employees. With a core business consisting of over 50,000 residential units in Ontario, Quebec and 11 U.S. states, Westdale continues to expand its portfolio to include over 4 million square feet of retail, office, industrial, food &amp; beverage, hotel and resort properties on both sides of the border. Westdale is also actively involved in a number of significant urban residential developments across North America, including projects in Toronto, Halifax, Kitchener, Atlanta, Dallas and Miami.Media Contact: Quinn PR <a href="mailto:gehry@quinn.pr ">gehry@quinn.pr&nbsp;</a>###<figure class="image"><img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/EXT_02_Looking_South_Final_0d02b16553.jpg" alt="Image of Gehry condos in downtown Toronto"></figure>&nbsp;<figure class="image"><img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/EXT_03_Aerial_Final_60468527a5.jpg" alt="Image of Gehry condos at sunset"></figure> &nbsp;

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Frank Gehry Unveils Homecoming Masterpiece In Toronto: Forma

TORONTO, ON, February 8, 2022 – Ilias Konstantopoulos, Chief Executive Officer (CEO), Great Gulf Group is pleased to announce the expansion and alignment of the leadership team to drive the next stage of growth of its Low-Rise, High-Rise, and Resort Residential platforms in Canada and the U.S.“Following our recent strategic review with our Board of Directors, we have committed to expand our residential and commercial real estate development footprint in Canada and the U.S. In furtherance of our objectives, we created three distinct platforms within the residential part of our organization and added a dynamic team to lead each of these. Kathleen (Katy) Schofield is appointed President of Low-Rise Residential Canada, Niall Collins becomes President and Chief Operating Officer (COO) of Great Gulf Group’s newly created North American High-Rise Residential platform and Michael Sneyd joins us as President of the newly created North American Resort Residential platform,” said Ilias Konstantopoulos, CEO, Great Gulf Group. “As members of the senior leadership team, I’m very confident that with their deep knowledge and experience, Katy, Niall and Michael will shape the landscape of residential Real Estate Development in North America.”Katy joined Great Gulf in 2003 as Vice President Land Acquisition and Development, was promoted to Executive Vice President Land Development in 2008 and has been instrumental in the growth and development of Great Gulf’s Low-Rise Residential platform. &nbsp;As President Low-Rise Residential Canada, Katy will lead the acquisition, development, and execution to grow the Low-Rise Residential platform across Canada. Katy will also continue to collaborate with other business leaders and assist with master planning and land development across all platforms.Katy is a recognized real estate executive with experience in all aspects of residential development and community master planning. Katy led the successful acquisition, development, and execution of Great Gulf’s master-planned communities across the GTA. &nbsp;Katy previously held positions as Vice President Land Development at Mattamy Homes and Vice President Land Development and Acquisitions at Brookfield Homes (Ontario) Limited. Katy is the Vice Chair of BILD, Board Member and Co-Chair for the Peel Chapter and is a Member of the Urban Land Institute (ULI). In 2014, Katy was named to the ULI Women’s Leadership Championship Team for exceptional leadership. &nbsp;Katy earned an undergraduate degree in Urban Development from University of Western Ontario and a Graduate Diploma in Business Administration from the University of Toronto.Niall Collins joined Great Gulf in 2018 as President of Residential. In his new role as President and Chief Operating Officer (COO) of Great Gulf Group’s newly created North American High-Rise Residential platform. Niall will provide overall leadership and operational oversight of the current pipeline of high-rise projects and grow the platform in Canada and the U.S. by identifying, sourcing, and executing on new developments, acquisitions, and joint venture opportunities. He will also provide oversight of Tucker HiRise Construction. Niall is a successful real estate executive with approximately 30 years’ experience in residential and commercial development, asset management and investment in numerous real estate asset classes in Europe, the U.S. and Canada. He has served in past roles including Senior Vice President Development at Cadillac Fairview responsible for the company’s commercial and mixed-use residential developments and as Projects Director at Shelbourne Development in Chicago, Illinois/Dublin, Ireland. Niall earned a Bachelor of Science in Surveying from University of Dublin, a Master of Science (Honours) - Real Estate from The Dublin Institute of Technology and is an accredited Chartered Surveyor with the Royal Institution of Chartered Surveyors (RICS).Michael Sneyd joins Great Gulf Group as President of the new North American Resort Residential platform, responsible for, among other, the redevelopment of the Taboo Resort in Gravenhurst, Ontario. &nbsp;Michael will also oversee Great Gulf's expansion into other resort residential markets in North America. With over 35 years’ experience in resort, master-planned communities, golf, hotel, and mixed-use projects, Michael's past roles include Managing Director at Replay Destinations, CEO at Skyline Investments, COO of Signature Properties, and General Manager with Dumez Real Estate. Michael's firms both directly managed and worked with brands including JW Marriott, Omni, Hyatt Regency, Renaissance, Radisson, and Four Seasons with destinations from California to the Caribbean. Michael earned a Master of Science in Urban Land Appraisal (with Distinction) from the College of Estate Management at Reading University and an Honours Business Administration from the Ivey Business School at the University of Western Ontario.-30-About Great Gulf GroupEstablished in 1975, the Great Gulf Group including Great Gulf Homes an international award-winning, low-rise and landmark high-rise residential developer providing over 80,000 families with places to call home; Ashton Woods Homes, the 2nd largest private builder and 15th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada's top-ranked golf courses, is one of North America’s premier real estate organizations. With major projects in Canada and the United States, the company’s fully integrated activities span the entire real estate spectrum. Learn more at <a href="https://www.greatgulfgroup.com/">http://www.greatgulfgroup.com</a>For more information: Madeline Zito, Senior Vice President Public Relations Great Gulf Group 416 744 2222 C 647 938 1851 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp; madeline.zito@greatgulf.com&nbsp;

Great Gulf Group Aligns Organization To Further Expand Its Real Estate Platforms In North America

Toronto ON, November 2, 2021 – Ilias Konstantopoulos, CEO of the Great Gulf Group, today announced the appointment of Kathryn Borgatti as Senior Vice President and General Counsel.In this role Kathryn will report to the Chief Legal Officer and the CEO.As a member of the senior management team, Kathryn will play a leading role in overseeing the legal services for all the commercial real estate operations of First Gulf and will also contribute to overseeing the legal services for the residential operations and other business units and services of the Great Gulf Group.“Kathryn is a highly respected and capable legal professional who brings an impressive track record in complex real estate transactions,” said Ilias Konstantopoulos. “Kathryn makes a tremendous addition to our team and will help us with the execution of our strategic and growth objectives for our residential and commercial platforms in Canada and the U.S.”Prior to joining Great Gulf, Kathryn Borgatti served as General Counsel at Mattamy Homes Canada responsible for providing strategic advice and counsel structuring land and development agreements and joint ventures related to low-rise land acquisitions and high-rise condominium developments. Prior to that, she was a partner at McMillan LLP where she practiced in the areas of real estate acquisitions and dispositions, leasing, land development and condominium law. She holds a Bachelor of Arts (B.A.) from McGill University and a Bachelor of Laws (LL.B.) from the University of Western Ontario. &nbsp;-30-About Great Gulf Group Established in 1975, the Great Gulf Group including Great Gulf Homes an international award-winning, low-rise and landmark high-rise residential developer providing over 80,000 families with places to call home; Ashton Woods Homes, the 2nd largest private builder and 15th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada's top-ranked golf courses, is one of North America’s premier real estate organizations. With major projects in Canada and the United States, the company’s fully integrated activities span the entire real estate spectrum. Learn more at <a href="www.greatgulf.com">www.greatgulf.com</a> For additional information: &nbsp; Madeline Zito, Senior Vice President Public Relations &nbsp; Great Gulf Group &nbsp; &nbsp; &nbsp;&nbsp; 416 744 2222 C 647 938 1851 &nbsp; &nbsp; <a href="mailto:madeline.zito@greatgulf.com">madeline.zito@greatgulf.com</a> <a href="www.greatgulf.com">www.greatgulf.com</a> &nbsp;

Great Gulf Group Welcomes Kathryn Borgatti As Senior Vice President & General Counsel

Toronto ON, October 26, 2021 – Ilias Konstantopoulos, CEO of the Great Gulf Group, is pleased to announce the appointment of Kiel O’Sullivan as Senior Vice President (SVP) Strategy and Corporate Development - Residential. In this new role Kiel will report directly to the CEO and collaborate with the executive management team to develop, evaluate, and execute strategies for all residential platforms within North America. Kiel will liaise with business unit leaders and the executive team to drive all residential corporate development initiatives and lead the underwriting, due diligence and execution of acquisitions, dispositions, and investments. “Kiel will play an important role in developing and implementing innovative strategies that will enable the Great Gulf Group to continue to leverage its platforms and expand its footprint in Canada and the U.S.," said Ilias Konstantopoulos. "Kiel will interface with equity partners, lenders, brokers, investment banks, consultants and other advisors on residential acquisition and investments and dispositions. We are confident in Kiel's abilities to help drive continued growth and enhance Great Gulf Group's residential portfolio in line with our strategic vision.” Kiel O’Sullivan joined the Great Gulf Group in 2019 as SVP of Business Development and was responsible for pursuing real estate development and investment opportunities across residential and mixed-use asset classes and for private capital fundraising in the U.S. and Canada.-30-About Great Gulf Group Established in 1975, the Great Gulf Group including Great Gulf Homes an international award-winning, low-rise and landmark high-rise residential developer providing over 80,000 families with places to call home; Ashton Woods Homes, the 2nd largest private builder and 15th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada's top-ranked golf courses, is one of North America’s premier real estate organizations. With major projects in Canada and the United States, the company’s fully integrated activities span the entire real estate spectrum. Learn more at <a href="https://www.greatgulf.com/">www.greatgulf.com</a> For additional information: &nbsp; Madeline Zito, Senior Vice President Public Relations &nbsp; Great Gulf Group &nbsp; &nbsp; &nbsp;&nbsp; 416 744 2222 C 647 938 1851 &nbsp; &nbsp; <a href="mailto:madeline.zito@greatgulf.com">madeline.zito@greatgulf.com</a> <a href="https://www.greatgulf.com/">www.greatgulf.com</a>

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Great Gulf Group Appoints Kiel O’Sullivan as Senior Vice President Strategy and Corporate Development - Residential

GREAT GULF was recognized as Home Builder of the Year Mid/High-Rise at the 41st Annual Building Industry and Land Development Association (BILD) Awards held October 7th. This is a seventh win for Great Gulf as home builder of the year.&nbsp;<figure class="image"><img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/gg_c7138bb976.jpg"><figcaption>L-R: Tad Putyra, Madeline Zito, Geoff Matthews, Amanda Wilson Watkins. (CNW Group/Great Gulf)</figcaption></figure>&nbsp;This award recognizes the mid-rise or high-rise builder who sets the standard for the rest of the industry through their professionalism and dedication to excellence. They are a leader in improving the overall image of the industry through their commitment to quality, caring for their customers and staff and contributing to their community. The builder exemplifies excellence in design and construction quality, customer care and professional development of staff, and contribution to the community, the industry and to BILD. A key component of the judging process is a customer satisfaction survey, which ensures that the end-user's experience is factored into the award criteria."What a great honour and achievement to receive the title of Home Builder of the Year Mid/High-Rise by BILD. This prestigious Pinnacle Award celebrates the work of the entire Great Gulf Group," said Niall Collins, Great Gulf President Residential. "I would like to recognize Tucker HiRise, the High-Rise Development Team, the Mid-Rise Development Team, the Design Group, Sustainability and Building Sciences, Customer Care, Sales and Marketing, Construction and Procurement, Housing and Land Development, H+ME Technology, Draft, and First Gulf for their ongoing commitment to excellence."Great Gulf was also recognized as a finalist for Home Builder of the Year-Low-Rise and Best Semi-Detached/Townhome Design-Milton Village.About Great Gulf Group Established in 1975, the Great Gulf Group including Great Gulf Homes an international award-winning, low-rise and landmark high-rise residential developer providing over 80,000 families with places to call home; Ashton Woods Homes, the 2nd largest private builder and 15th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada's top-ranked golf courses, is one of North America's premier real estate organizations. With major projects in Canada and the United States, the company's fully-integrated activities span the entire real estate spectrum. Learn more at <a href="https://www.greatgulf.com/">www.greatgulf.com</a>SOURCE Great Gulf For further information: Madeline Zito, Senior Vice President Public Relations, Great Gulf Group, 416 744 2222 C 647 938 1851, madeline.zito@greatgulf.com, www.greatgulf.com

Great Gulf Continues to Lead in the Industry as Home Builder of the Year for Mid/High-Rise at the 41st Annual Bild Awards

TORONTO, ON, September 23, 2021 – Jerry Patava, Chair of the Board of Directors (the “Board”) of the Great Gulf Group (the “Company”) announced today the appointment of Bill Tresham and Stephen Cole to serve on the Company’s Board.&nbsp;“We are excited to welcome Bill and Stephen to our Board. They are seasoned executives who each bring a deep professional and diverse experience in the key areas of real estate development, investment, asset management, and corporate governance,” said Mr. Patava. “We look forward to the expertise and knowledge they bring to Great Gulf to further enhance the strategic direction and growth of our organization.”&nbsp;Bill Tresham is the Founder of RittenVest. He previously served as the President of Ivanhoe Cambridge, Chief Executive Officer of SITQ, Partner and Chief Operating Officer of Callahan Capital Partners, Chief Operating Officer of Trizec Properties, Managing Director Real Estate Equity Investments at Metropolitan Life Insurance Company and Partner at Equidev Group.&nbsp;Stephen Cole is currently the President of Seeonee and formerly President of Duff &amp; Phelps Canada Ltd., a company that acquired Cole &amp; Partners which he founded. He serves as a Director on the Boards of Westaim Corporation and FARO Technologies. He is a Fellow of the Institute of Chartered Professional Accountants of Ontario, Fellow of the Canadian Chartered Institute of Business Valuations and Full Member of the ADR (Alternative Dispute Resolution Institute of Canada, Inc.).&nbsp;-30-About Great Gulf Group Established in 1975, the Great Gulf Group including Great Gulf Homes an international award-winning, low-rise and landmark high-rise residential developer providing over 80,000 families with places to call home; Ashton Woods Homes, the 2nd largest private builder and 15th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada's top-ranked golf courses, is one of North America’s premier real estate organizations. With major projects in Canada and the United States, the company’s fully-integrated activities span the entire real estate spectrum. Learn more at <a href="www.greatgulf.com">www.greatgulf.com</a> For more information: Madeline Zito, Senior Vice President Public Relations Great Gulf Group 416 744 2222 C 647 938 1851 <a href="mailto:madeline.zito@greatgulf.com">madeline.zito@greatgulf.com</a>

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Great Gulf Announces The Appointment Of Two New Board Members

TORONTO, ON, CANADA, March 31, 2021 – Ilias Konstantopoulos, CEO of the Great Gulf Group is pleased to announce the appointment of Aole Ansari as Chief Operating Officer (COO), of Great Gulf’s Single-Family Build-to-Rent initiative in the US Sunbelt.“On behalf of the Great Gulf Group, I am delighted to welcome Aole Ansari to the team. As the COO, Aole will be responsible for leading our US Single-Family Build-to-Rent platform, developing its strategic direction and successfully implementing the business plan. Our first communities currently under development comprise approximately 525 homes and are located in Charleston, SC, San Antonio, TX and Tampa, FL. Aole will liaise among Great Gulf, our capital partners, third party home builders and Ashton Woods in executing our business plan,” said Ilias Konstantopoulos, CEO of the Great Gulf Group. “Aole is a seasoned and accomplished executive with a unique and diverse background. I look forward to working with Aole on this exciting new venture that is focused on purpose built single-family communities.”Aole has led multiple growth businesses for publicly traded and privately owned companies to raise capital, acquire, develop and sell properties across multiple asset classes. During his time at Corvias and Lendlease, Aole was the executive manager for its student housing, medical office, market residential development and hotel business units, respectively. Over the course of his career Aole has originated and closed more than a $1B worth of transactions. Prior to starting his real estate career in the private sector, Aole served for 11 years on active duty in the US Navy as a Surface and Special Warfare officer.Aole holds a Bachelor of Science in Economics (BSc) from the United States Naval Academy and Master of Business Administration (MBA) from the University of Virginia. Aole also serves as a board member for the Metropolitan Development and Housing Authority (MDHA), Nashville’s largest owner/operator of affordable housing and Citizen’s Bank and Trust, the oldest African-American owned bank in America.-30-About Great GulfEstablished in 1975, the Great Gulf Group including Great Gulf Homes an international award- winning, low-rise and landmark high-rise residential developer providing over 80,000 families with places to call home; Ashton Woods Homes, the 3rd largest private builder and 18th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit- oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high- density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada's top-ranked golf courses, is one of North America’s premier real estate organizations. With major projects in Canada and the United States, the company’s fully-integrated activities span the entire real estate spectrum. Learn more at www.greatgulf.comFor more information:Madeline Zito, Senior Vice President Public Relations Great Gulf 416 744 2222 C 647 938 1851 madeline.zito@greatgulf.com

Great Gulf Appoints Aole Ansari COO Single-Family Build-to-Rent

Great Gulf, Westdale and a Global Institutional Investor Team up to Form US$200M Venture on Build-to-Rent Single Family Housing Strategy in U.S. SunbeltTORONTO, ON, March 2021 - The Great Gulf Group (“Great Gulf”) is pleased to announce that it has partnered with Westdale Real Estate Investment and Management (“Westdale”), a leading North American real estate company and with a leading global institutional investor with in excess of US$100 billion of net assets under management to source land opportunities, develop, build, own and operate dedicated build-to-rent single family housing communities in the U.S. Sunbelt through a new venture. The partners have committed an initial US$200 million of equity to the venture with the potential for an additional US$200 million equity commitment.“We are very excited to have teamed up with two like-minded partners in order to capitalize on the demand for new purpose-built single family housing communities that we expect will continue to experience unprecedented growth particularly in the U.S. Sunbelt. We believe this growing demand is largely driven by lifestyle and lifecycle changes by Millennials, Gen Xers and Baby Boomers, affordability and an increased trend of “renters by choice”- a trend that was further accelerated by the onset of Covid- 19. The build-to-rent single family sector currently lacks in supply of modern purpose- built single family housing and our partners and we are well positioned to leverage our collective platforms and expertise. We expect the favorable demand-supply imbalance to continue in the near term with current annual demand estimated at over 250,000 newly built single-family rental homes compared to a current annual supply of approximately 50,000. Great Gulf is in a unique position to leverage its land sourcing, acquisition, development and home building capabilities both internally and via third- party home builders in order to develop a multi-market strategy across the U.S. Sunbelt.” said Ilias Konstantopoulos, CEO of the Great Gulf Group.About Great Gulf The Great Gulf Group was established in 1975 and has become one of North America’s leading real estate organizations with fully integrated activities that span the entire real estate spectrum. Through its various platforms including Ashton Woods and First Gulf, the Great Gulf Group develops, constructs and manages residential and commercial real estate across 18 cities and employs over 1,500 people in North America. The Great Gulf Group has developed over 80,000 residences and 30 million square feet of commercial real estate over its 45-year history. Please visit www.greatgulf.com. Great Gulf, via the venture, currently controls several build-to-rent single family communities that are under development and is targeting to develop and own in excess of 4,000 homes. -30-About Westdale Westdale has owned, managed and developed real estate across North America for over 60 years. Westdale’s Canadian portfolio includes approximately 7000 residential units and over 2.5 million square feet of retail, commercial and industrial spaces. In the US, Westdale owns and manages approximately 35,000 residential units in 150 properties and 30 cities, as well as 3 million square feet of retail and commercial space. Please visit www.westdale.com. For more information: Madeline Zito, Senior Vice President Public Relations Great Gulf 416 744 2222 C 647 938 1851 madeline.zito@greatgulf.com

Great Gulf, Westdale and a Global Institutional Investor Team up to Form US$200M Venture on Build-to-Rent Single Family Housing Strategy in U.S. Sunbelt

Ensemble of mixed-use buildings will instantly become a recognizable Toronto landmark &nbsp;February 10, 2021 (Toronto, ON) – Great Gulf, Westdale Properties and Dream Unlimited showcased the refined designs of the Gehry Project at a community meeting organized by the City of Toronto on February 9th. World-renowned, Toronto-born architect, Frank Gehry and members of his team were on hand to reveal the latest refinements of the mixed use two-tower project at the cultural intersection of King Street West and Ed Mirvish Way.&nbsp; “This will be the most talked about mixed-use development in the history of Toronto and we’re thrilled to meet with the public to &nbsp;share the design updates of an unprecedented architectural project,” says Mitchell Cohen, Chief Operating Officer, Westdale Properties. “This project represents a coming home for Frank Gehry to the city he loves and will be one of his most significant architectural achievements. He is the heart and soul of the project and it has been an honour working with him and his team. We’re excited to be progressing in our goal to execute Frank’s vision for the development &nbsp;of such an important site in downtown Toronto.”&nbsp;<figure class="image"><img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/gehry_e24d2697c3.png"><figcaption>Great Gulf, Westdale Properties and Dream Unlimited Project</figcaption></figure>The latest refinements to the design maintain both the height and density that were approved in a 2017 zoning by-law amendment. Specifically, the latest changes adjust the organization of the towers on the site, enhance the podiums and optimize the floor plates of both towers to offer stunning views from each vantage point in the buildings. The most recognizable refinement is the redesigned &nbsp;exterior building envelope &nbsp;which will make the project &nbsp;an instant landmark. The Gehry-designed buildings will be clad in a variety of energy-efficient materials and feature a unique textured metal and glass façade. The design provides for ever-changing vistas of the buildings depending on one’s vantage point while continually providing a differing reflection of Toronto’s skyline.&nbsp; “With this project, I wanted to create an ensemble of buildings that were respectful to the city and referential to the Toronto that I once knew," says Frank Gehry. "I wanted the two towers to each have their own personality, but I also wanted them to talk to each other, creating a dynamic and changing addition to the skyline depending where you were viewing them from in the city. The detailing of the exterior is intended to give the buildings a human scale and hopefully reflect the light and colour from the city and the sky around it. In the end, this should be a building of Toronto that I hope will make the city proud."&nbsp; Upon completion, the west tower will be the tallest Gehry-designed building in the world. This true mixed-use development will include new space for OCAD University as well as commercial, retail and residential spaces. The changes to the podium incorporate the façade of the heritage Anderson Building which was built in 1915, while respecting the views of both the Royal Alexandra Theatre and the Princess of Wales Theatre, which bookend the project.&nbsp; A cultural corridor along Ed Mirvish Way will serve as a gateway to the site and a hub of public activity for the King Street West neighbourhood, the Entertainment District and beyond. The intersection will become Toronto’s centre for arts, culture and theatre. “OCAD University is excited about the Gehry-designed project, which will offer our students and faculty enhanced learning and research spaces while providing opportunities to collaborate with the community on a wide variety of art, design and media initiatives,” says Ana Serrano, the University’s President and Vice-Chancellor. “We see tremendous opportunities for collaboration with Great Gulf, Westdale and Dream as this project becomes a reality. With its close proximity to both OCAD University and TIFF, and situated within Toronto’s Entertainment District, this project is poised to become a cultural hub within the city, offering opportunities to showcase the talent of the next generation of artists, designers and developers.” Cohen says the latest design refinements reflect a collaborative, ongoing partnership with the City. “In many ways, the ownership group sees itself as the stewards of a project that is being developed on behalf of the City and the people of Toronto. There are multiple vested interests in this development and that is reflected in the successful outcomes thus far. Now more than ever, we remain committed to investing in downtown Toronto and delivering a project that the city and country can be proud of,” says Cohen. The latest design updates include some variances that reflect the changes to the massing and design intent for the project. As a next step, these variances will be brought to the Committee of Adjustment for approval. A package was submitted to the City in December for review.-30-About Great Gulf Established in 1975, the Great Gulf Group of companies, including Great Gulf Homes, an international award-winning, low-rise and landmark high-rise residential developer providing over 80,000 families with places to call home; Ashton Woods Homes, the 3rd largest private builder and 18th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-use projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada's top-ranked golf courses, is one of North America's premier real estate organizations. With major projects in Canada and the United States, the company's fully integrated activities span the entire real estate spectrum. <a href="https://greatgulf.com/">www.greatgulf.com.</a>About Westdale Properties For nearly 70 years, Westdale has been committed to creating a positive experience for the tens of thousands of North American’s who call our buildings home, work and shop at our properties, or spend quality time at our restaurants and hotels. With a core business consisting of over 50,000 residential suites in 3 Canadian provinces and 11 US states, Westdale’s portfolio includes over 4 million square feet of retail, office, industrial and heritage properties. Westdale is also actively involved in over 20 residential urban developments across the continent in cities such as Toronto, Hamilton, Kitchener, Ottawa, Halifax, Calgary, Dallas, and Atlanta. Residential projects currently under construction in Toronto include Theory, NOBU Condominiums, Line 5 and Untitled. <a href="https://www.westdaleproperties.com/">www.westdaleproperties.com</a> and <a href="https://www.westdale.com/">www.westdale.com.</a>About Dream Unlimited Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $8 billion of assets under management across three Toronto Stock Exchange listed trusts and numerous partnerships. We also develop land and residential assets in Western Canada for immediate sale. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. &nbsp;<a href="https://dream.ca/">www.dream.ca.</a>About Gehry International Gehry International, Inc is a full service architectural firm with extensive international experience in the design and construction of academic, museum, theater, performance, and commercial projects.Founded in 1962 and located in Los Angeles, California, Gehry International currently has a staff of approximately 160 people. Every project undertaken by Gehry International is designed personally and directly by Frank Gehry. All of the broad resources of the firm and the extensive experience of the firm’s senior partners and staff are available to assist in the design effort and to carry this effort forward through technical development and construction administration.For high res renderings click <a href="https://www.dropbox.com/sh/dluy62y51ft7ly0/AABkJx8-gyenCzV35gX6vXY1a?dl=0">here.</a> For additional information please contact:Press Contacts: Madeline Zito, Senior Vice President Public Relations Great Gulf <a href="mailto:Madeline.zito@greatgulf.com">Madeline.zito@greatgulf.com</a> 647-938-1851 Vakis Boutsalis, Vice President kg&amp;a <a href="vakis@kga-inc.com&nbsp;">vakis@kga-inc.com&nbsp;</a> 416-578-1741

Great Gulf's Westdale Properties and Dream Unlimited commercial properties

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Great Gulf, Westdale Properties and Dream Unlimited Reveal the Latest Refinements for Toronto’s King Street West Project Designed by Frank Gehry

WEST PALM BEACH FL – December 14, 2020&nbsp;– LA CLARA Luxury Condominium achieves an exciting construction milestone that signifies La Clara is going vertical. With the installation of the 2 cranes, construction activity continues to be lively. The installation is live streamed on Tuesday, November 3rd via YouTube, and various social media channels. This momentous occasion has garnered over 2,000 views as users view the construction live, seeing first-hand the luxury condominium starting to rise. The construction activity inspires and invites purchasers to visualize the possibilities and reality, and to explore the epitome of the luxurious and coveted lifestyle coming to fruition.<figure class="image"><img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/crane_08c6e194ef.jpg" alt="Luxury Rising &amp; Vertical Construction at LA CLARA"><figcaption>Luxury Rising &amp; Vertical Construction at LA CLARA</figcaption></figure>To celebrate the creation of classic luxury with contemporary design underway with the 2 cranes installed, the team at LA CLARA invites homeowners to name the cranes for charity to share the excitement. The names choices are being selected and LA CLARA will donate $2,000 to the local charity chosen by the homeowners.“We are excited to offer purchasers the opportunity to view the exciting construction milestone of LA CLARA virtually.” said Amanda Wilson Watkins, Great Gulf Senior Vice President Sales and Marketing. “We are proud to be the only condominium in construction on Flagler Drive and we are following the guidelines set by the State and Local authorities to safeguard our employees and stakeholders. We hold the safety and well-being of our staff, customers, family, and friends at the utmost of importance. We are taking the highest of precautions at our sales gallery with private one-on-one or virtual appointments only.”Virtual presentations and tours are also available to be viewed by phone, Facetime or Zoom for a richer experience. “Interested buyers will witness the extraordinary light, corner views and the expansive private terraces overlooking the intracoastal,” said Chris Leavitt, Director of Sales, Douglas Elliman Development Marketing for LA CLARA.To schedule a virtual tour with Chris Leavitt or his sales team, please call 561.557.3113 or email sales@laclarapalmbeach.com.LA CLARA residences boast expansive private terraces, unobstructed views of the intracoastal waterway and in most cases of Palm Beach and the Atlantic Ocean, feature floor to ceiling windows and the finest finishes and appliances. The condominium features a fitness center, spa, massage rooms, sauna, outdoor lap pool, lounge with dining area, wine cellar, landscaped garden, dog spa, conference room and business center with 24/7 front desk staff along with other amenities. Douglas Elliman Development Marketing is the exclusive sales and marketing agent for LA CLARA led by Sales Director Chris Leavitt. For more information, please contact the Sales Gallery at 561-557-3113 or visit&nbsp;<a href="https://laclarapalmbeach.com/?utm_source=PrintAd&amp;utm_medium=print&amp;utm_campaign=laClara">www.greatgulf.com/laclara</a>About Great Gulf Established in 1975, the Great Gulf Group of companies including Great Gulf Homes an international award-winning, low-rise and landmark high-rise residential developer providing over 80,000 families with places to call home; Ashton Woods Homes, the 3rd largest private builder and 18th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada’s top-ranked golf courses, is one of North America’s premier real estate organizations. With major projects in Canada and the United States, the company’s fully-integrated activities span the entire real estate spectrum. <a href="www.greatgulf.com">www.greatgulf.com</a> About Co-Developer Terrace Mountain Terrace Mountain Investors is an Austin based family office established in 2011 and is actively engaged in real estate development. TMI focuses primarily on the development of urban multifamily property. The company operates on the core belief that exceptional commitment and effort are essential to creating exceptional communities. This commitment to quality sets them apart from their peers. TMI’s recent work in south Florida includes The Henry, Coral Gables’ preeminent multifamily community. TMI makes an impact on the communities it serves through the development of innovative master planned projects that emphasize the importance of sustainability and creativity in the built environment.

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La Clara

Luxury Rising & Vertical Construction at La Clara, the only Condominium in Construction on Flagler Drive.

<h1>GREAT GULF – A FIRST! WINS BUILDER OF THE YEAR FOR BOTH LOW RISE AND MID/HIGH RISE AT THE 40th ANNUAL BILD AWARDS</h1>&nbsp;Toronto ON, September 2020 – GREAT GULF was recognized with the two most prestigious awards at the 40th Annual Building Industry and Land Development Association (BIILD) Awards held virtually from September 14 to 18. A six-time winner of the Builder of the Year Low Rise and Mid/High Rise, this unprecedented win in both categories is a first in the building industry.The award is based on quality, service and customer commitment from construction, sales and marketing, right through to post-closing service. A key component of the judging process is a customer satisfaction survey completed by recent occupants of the builder's communities. This coveted award celebrates distinction within the building and development industry recognizing builders, who through their professionalism and dedication to excellence, set the standard for the rest of the industry.“We have always worked very hard to ensure the homes we build are the best, and that we meet our homebuyers’ high expectations and fulfill their needs,” said Niall Collins, Great Gulf President Residential. “It’s very gratifying for us at Great Gulf to win these awards -- and have the hard work of all of our staff including service, sales, customer care, design studio and construction recognized and celebrated.”Great Gulf also received the award for Best Advertising Campaign – Paid Media. It is a previous winner of the Tarion Award of Excellence and a great supporter of charitable causes from youth initiatives, to health care and research to fighting hunger.With an unwavering commitment and dedicated devotion to customer satisfaction and well- being, its reputation as a premium builder is the result of 45 years of experience focusing on innovative design, intelligent construction, cutting-edge technology and building science. Precision Building, Ideal-Condition Building and H+ME Technology Built Certification lead in the future of construction and producing the best possible end-product.-30-About Great GulfEstablished in 1975, the Great Gulf Group of companies including Great Gulf Homes an international award-winning, low-rise and landmark high-rise residential developer providing over 70,000 families with places to call home; Ashton Woods Homes, the 3rd largest private builder and 18th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada's top- ranked golf courses, is one of North America’s premier real estate organizations. With major projects in Canada and the United States, the company’s fully integrated activities span the entire real estate spectrum. www.greatgulf.comFor additional information: Madeline Zito, Senior Vice President Public Relations Great Gulf 416 744 2222 C 647 938 1851 madeline.zito@greatgulf.com

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Great Gulf – A First! Wins Builder of the Year for Both Low Rise and Mid/High Rise at the 40th Annual Bild Awards

WEST PALM BEACH FL - May 1, 2020 – LA CLARA Luxury Condominium is now offering virtual presentations and tours of its one to three-bedroom residences including stunning amenities to interested buyers. The virtual tours are 20-30 minutes in length and may be viewed by phone, Facetime or Zoom for a richer experience. “Interested buyers will witness the extraordinary light, corner views and the expansive private terraces overlooking the intracoastal,” said Chris Leavitt, Director of Sales, Douglas Elliman Development Marketing for LA CLARA.To schedule a virtual tour with Chris Leavitt or his sales team, please call 561.557.3113 or email sales@laclarapalmbeach.com.“We are excited to offer purchasers the opportunity to tour LA CLARA in the comfort of their own surroundings,” said Amanda Wilson Watkins, Great Gulf Senior Vice President Sales and Marketing. “We are following the guidelines set by the State and Local authorities to safeguard our employees and stakeholders and look forward to opening the LA CLARA Sales Gallery soon.”LA CLARA residences boast expansive private terraces, unobstructed views of the intracoastal waterway and in most cases of Palm Beach and the Atlantic Ocean, feature floor to ceiling windows and the finest finishes and appliances. The condominium features a fitness center, spa, massage rooms, sauna, outdoor lap pool, lounge with dining area, wine cellar, landscaped garden, dog spa, conference room and business center with 24/7 front desk staff along with other amenities. Douglas Elliman Development Marketing is the exclusive sales and marketing agent for LA CLARA led by Sales Director Chris Leavitt. For more information, please contact the Sales Gallery at 561-557-3113 or visit <a href="https://laclarapalmbeach.com/?utm_source=PrintAd&amp;utm_medium=print&amp;utm_campaign=laClara">www.greatgulf.com/laclara</a>About Great Gulf Established in 1975, the Great Gulf Group of companies including Great Gulf Homes an international award-winning, low-rise and landmark high-rise residential developer providing over 80,000 families with places to call home; Ashton Woods Homes, the 3rd largest private builder and 18th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada's top-ranked golf courses, is one of North America’s premier real estate organizations. With major projects in Canada and the United States, the company’s fully-integrated activities span the entire real estate spectrum. www.greatgulf.com About Co-Developer Terrace Mountain Terrace Mountain Investors is an Austin based family office established in 2011 and is actively engaged in real estate development. TMI focuses primarily on the development of urban multifamily property. The company operates on the core belief that exceptional commitment and effort are essential to creating exceptional communities. This commitment to quality sets them apart from their peers. TMI’s recent work in south Florida includes The Henry, Coral Gables’ preeminent multifamily community. TMI makes an impact on the communities it serves through the development of innovative master planned projects that emphasize the importance of sustainability and creativity in the built environment.Media Inquiries: Madeline Zito, SVP, Public Relations Great Gulf 416 744 2222 C 647 938 1851 madeline.zito@greatgulf.comMaribel Alvarez, Principal Altima Palm Beach 561 317 1101 Maribel@AltimaPalmBeach.com-30-

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La Clara Offers Virtual Tours of Residence Models and Luxurious Amenities

PALM BEACH FL, May 20, 2020 – Great Gulf, developer of LA CLARA Palm Beach luxury condominium announced that the LA CLARA Sales Gallery, located at the Royal Poinciana Plaza will reopen on May 20th in accordance with public health guidelines and with additional safety measures in place.During this first phase, hours of operation will be from 11am to 4pm and by private appointment. Social distancing will be enforced, a hand sanitizing station will be installed, and face masks will be made available to clients. Extraordinary cleaning procedures have also being implemented.“The safety of our sales team and our clients is our first priority,” said Chris Leavitt, Director of Sales for LA CLARA.LA CLARA’s sales team will continue to offer guided virtual presentations and tours of its two to three-bedroom residences, including stunning amenities, to interested buyers unable to visit the sales gallery. The virtual tours are 20-30 minutes and offered by phone, Facetime or Zoom for a richer experience.To schedule an appointment at the sales gallery or to request a guided virtual tour with Chris Leavitt or a member of his sales team, please call 561.557.3113 or email sales@laclarapalmbeach.com. The Sales Gallery is located at 50 Cocoanut Row. (South end of the Royal Poinciana Plaza).LA CLARA’s 83 spacious residences are now under construction on South Flagler Drive and boast expansive private terraces, unobstructed views of the Intracoastal Waterway and in most cases of Palm Beach and the Atlantic Ocean, feature floor to ceiling windows and the finest finishes and appliances. The luxury condominium features a state-of-the-art fitness center, spa, massage rooms, sauna, outdoor lap pool, lounge with dining area, wine cellar, landscaped garden, dog spa, conference room and business center with 24/7 front desk staff along with other amenities. Douglas Elliman Development Marketing is the exclusive sales and marketing agent for LA CLARA led by Sales Director Chris Leavitt. For more information, please contact the Sales Gallery at 561-557-3113 or visit <a href="https://laclarapalmbeach.com/?utm_source=PrintAd&amp;utm_medium=print&amp;utm_campaign=laClara">www.greatgulf.com/laclara&nbsp;.</a>About Great Gulf Established in 1975, the Great Gulf Group of companies including Great Gulf Homes an international award-winning, low-rise and landmark high-rise residential developer providing over 80,000 families with places to call home; Ashton Woods Homes, the 3rd largest private builder and 18th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada's top-ranked golf courses, is one of North America’s premier real estate organizations. With major projects in Canada and the United States, the company’s fully-integrated activities span the entire real estate spectrum. www.greatgulf.com About Co-Developer Terrace Mountain Terrace Mountain Investors is an Austin based family office established in 2011 and is actively engaged in real estate development. TMI focuses primarily on the development of urban multifamily property. The company operates on the core belief that exceptional commitment and effort are essential to creating exceptional communities. This commitment to quality sets them apart from their peers. TMI’s recent work in south Florida includes The Henry, Coral Gables’ preeminent multifamily community. TMI makes an impact on the communities it serves through the development of innovative master planned projects that emphasize the importance of sustainability and creativity in the built environment.Media Inquiries: Madeline Zito, Senior Vice President Public Relations Great Gulf 416 744 2222 C 647 938 1851 madeline.zito@greatgulf.comMaribel Alvarez, Principal Altima Palm Beach 561 317 1101 Maribel@AltimaPalmBeach.com-30-

La Clara Sales Gallery Opens with added Safety Protocols

(WEST PALM BEACH FL, March 19, 2020) – Great Gulf and co-developer Terrace Mountain, announced the LA CLARA Sales Gallery will be temporarily closed until April 3rd, at which time the situation will be reassessed. &nbsp;They will continue to monitor developments from official sources including The World Health Organization (WHO) and U.S. Center for Disease Control and Prevention (CDC) to ensure the health and well-being of its employees, customers, trade partners and consultants.“We are closely monitoring the risks associated with coronavirus (COVID-19) and are taking the necessary precautionary measures to safeguard our employees and stakeholders,” said Great Gulf CEO Ilias Konstantopoulos. &nbsp;“We continue our commitment to serving you.”Over the coming weeks, Chris Leavitt, Director of Sales of LA CLARA and his team will continue to work remotely. &nbsp; &nbsp;Plans, pricing and details on LA CLARA can be accessed online at <a href="mailto:sales@LaClaraPalmBeach.com">sales@LaClaraPalmBeach.com</a>. &nbsp;For other inquiries please call 561.557.3113. &nbsp;Douglas Elliman Development Marketing is the exclusive sales and marketing firm for LA CLARA.About Great GulfEstablished in 1975, the Great Gulf Group of companies including Great Gulf Homes an international award-winning, low-rise and landmark high-rise residential developer providing over 70,000 families with places to call home; Ashton Woods Homes, the 3rd largest private builder and 18th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada's top-ranked golf courses, is one of North America’s premier real estate organizations. With major projects in Canada and the United States, the company’s fully-integrated activities span the entire real estate spectrum. <a href="http://www.greatgulf.com">www.greatgulf.com</a>About Co-Developer Terrace MountainTerrace Mountain Investors is an Austin based family office established in 2011 and is actively engaged in real estate development. TMI focuses primarily on the development of urban multifamily property. The company operates on the core belief that exceptional commitment and effort are essential to creating exceptional communities. This commitment to quality sets them apart from their peers. TMI’s recent work in south Florida includes The Henry, Coral Gables’ preeminent multifamily community. TMI makes an impact on the communities it serves through the development of innovative master planned projects that emphasize the importance of sustainability and creativity in the built environment.&nbsp;Media Inquiries:Madeline Zito, VP, PR, Great Gulf 416 744 2222 C 647 938 1851 <a href="mailto:madeline.zito@greatgulf.com">madeline.zito@greatgulf.com</a>Maribel Alvarez, Principal Altima Palm Beach 561 317 1101 <a href="mailto:Maribel@AltimaPalmBeach.com">Maribel@AltimaPalmBeach.com</a>&nbsp;

La Clara Sales Gallery Implements Protective Measures

The health and well-being of our employees, customers, trade partners, and consultants is vitally important to us. We are closely monitoring the risks associated with the coronavirus (COVID-19), and are taking the necessary precautionary measures to safeguard our stakeholders.We continue to gather information on this rapidly evolving situation from official sources including The World Health Organization (WHO), Health Canada and the US Centers for Disease Control and Prevention (CDC):<ul><li><a href="https://www.who.int/emergencies/diseases/novel-coronavirus-2019/events-as-they-happen">World Health Organization</a></li><li><a href="https://www.canada.ca/en/public-health/services/diseases/2019-novel-coronavirus-infection.html">Health Canada</a></li><li><a href="https://www.cdc.gov/coronavirus/2019-ncov/index.html">US Centers for Disease Control and Prevention</a> &nbsp;</li></ul>Out of an abundance of caution, we are making immediate business adjustments that affect our employees, customers, and trade partners, including the following:<ul><li>Our employees have been provided instructions regarding their air and train travel, including to self-isolate upon their return for a period of 14 days.</li><li>All work-related travel outside of normal travel within local operations areas has been suspended.</li><li>Beginning March 13, most of our Great Gulf staff are working remotely.</li><li>Our Great Gulf Sales Presentation Centres will be closed but our sales teams are available virtually. &nbsp;Please check the community websites for more information on how to book your virtual appointment.</li><li>Customer inquiries will continue to be addressed as they are received by our teammates who are working remotely.</li><li>Certain new home purchaser orientations and decor selection appointments may be rescheduled. Current Great Gulf new home and condo purchasers will be contacted directly by their Great Gulf Client Liaison regarding updated meeting and appointment details, as needed. &nbsp;</li></ul>Great Gulf thanks you for your patience and understanding as we work together to adapt to this dynamic situation.

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Great Gulf Adjustments Related to COVID-19

TORONTO, ON, January 13, 2020 - Ilias Konstantopoulos succeeds Jerry Patava as Great Gulf CEO effective January 6th, 2020. After 13 years as CEO of the Great Gulf Group, Jerry Patava will be retiring and taking on the role of Chair of the Great Gulf Strategic Advisory Board. Jerry’s stewardship has led the transformation and growth of the Great Gulf Group during his tenure.Ilias brings to the Great Gulf Group more than 30 years of experience in operations, corporate finance, mergers and acquisitions, capital markets and extensive real estate industry expertise. Most recently, Ilias was Chief Financial Officer at Granite Real Estate Investment Trust, a global industrial REIT listed on the TSX and NYSE, where he was responsible for all aspects of finance and contributed to Granite's strategy and transformation. Previously, llias was a Managing Partner at Brookfield Financial and Managing Director at BMO Capital Markets. Early in his career, Ilias worked in Auditing and Taxation at Ernst &amp; Young where he earned his Canadian Chartered Accountant (CPA) and US Certified Public Accountant (US-CPA) designations and at Bechtel as a Structural Design Engineer. Ilias holds a Bachelor of Engineering (B. Eng.), Master of Business Administration (MBA) from McGill University and is a Professional Engineer (P. Eng.).“I congratulate Ilias on his appointment and look forward to working with him,” said Jerry Patava. “Ilias will be overseeing all aspects of the Great Gulf Group, reporting to the Great Gulf Strategic Advisory Board. He will be continuing our efforts to expand our business and strengthen and enhance our business relationships in both Canada and the United States. He is an exceptional business leader and his wealth of experience will take the organization to the next level in line with the Board’s strategic plan.”Jerry will continue as Chair of Ashton Woods USA L.L.C., as a Board member of Terra Firma Capital Corporation and will also provide oversight of some of the Group’s ancillary business investments.-30-About Great GulfEstablished in 1975, the Great Gulf Group including Great Gulf Homes an international award-winning, low-rise and landmark high-rise residential developer providing over 70,000 families with places to call home; Ashton Woods Homes, the 3rd largest private builder and 18th largest in the U.S.; First Gulf, an innovative market leader in sustainable, accessible and transit-oriented commercial developments and large scale design-build industrial facilities; Tucker HiRise, a leading construction management company, specializing in the construction of high-density, mixed-used projects; H+ME Technology, a precision engineering panelization manufacturing facility; and Taboo Muskoka, one of Canada's top-ranked golf courses, is one of North America’s premier real estate organizations. With major projects in Canada and the United States, the company’s fully-integrated activities span the entire real estate spectrum. Learn more at www.greatgulf.comFor more information:Madeline Zito, Vice President Public RelationsGreat Gulf416 744 2222 C 647 938 1851madeline.zito@greatgulf.com