• The Public Sector Pension Investment Board (PSP) has appointed Caroline Vermette as senior vice-president and CFO. Vermetted joined PSP from the National Bank of Canada, where she most recently served as a senior vice-president of internal audit. In another move, PSP named Alexandre Roy as a senior vice-president and chief risk officer. Roy has been with PSP since 2007 in advancing roles.

• Ravelin Properties has appointed Calvin Younger and Jane Rafuse as trustees. Younger retired from his role as CIBC vice-chair of real estate finance on March 1. Rafuse is the former CEO of Holloway Lodging, which owns and operates hotels across Canada.

• Vida’s Canadian NOAH Preservation Fund has appointed real estate and capital experts Donald Clow, Paul Finkbeiner and Adam Jagelewski to its advisory. NOAH is the acronym for naturally occurring affordable housing. The fund aims to raise $300 million to acquire and preserve about 7,000 affordable housing units across Canada.

• Toronto-based Padlock Euro Storage Fund has appointed Iyngaran Muniandy as CEO. He moved to Padlock from Clear Sky Capital, where he was the managing director of European real estate.

• Wall Financial has appointed Bruno Wall as CEO. He has resigned as chair of the board. Oliver Borgers has been appointed as the new board chair. Wall Financial is a B.C. based real estate company active in the development and management of residential and commercial rental units, development and construction of residential housing for resale, and the development and management of hotel properties.

• A new Canadian Real Estate Women chapter has opened in Ottawa. Sarah Crouch is the new chapter’s president. With the addition of Ottawa, CREW has 86 chapters about 15,000 members globally. CREW Ottawa was established to address “a notable” gap, said the governing global CREW Network. The nation’s capital lacked a dedicated group for women in commercial real estate. Crouch is the manager of business development at First Onsite Property Restoration.

• MCAN Financial has appointed Derek Sutherland as President and CEO, effective April 1. Sutherland has served as Interim CEO for the past four months and as board chair since 2020. He will resign as chair, with Lead Director Gaelen Morphet assuming the position to maintain independent governance. MCAN is a residential and commercial real estate lender. Sutherland previously held various other leadership roles with the company, including chief risk officer. He has extensive experience in finance, risk management and governance.

• Brad Hoffman has been promoted to managing partner for Canada at Panattoni Development Corporation. Hoffman has been with the company for 19 years. He previously served as Panattoni’s executive vice-president for Canada.

• Starlight Investments has promoted Federico Vaccaro to executive vice-president of investments. He moved up from his previous position as senior VP of investments. Vaccaro has been with the company for about 12 years. He joined the firm as an asset management analyst in 2012.

• Krishna Chavda has joined OPUS Corporation as a leasing manager in Calgary. She moved to the company from Orange Group. Chavda has about 12 years of commercial real estate experience.

• Michel Brisebois has been promoted to chief human resources officer at industrial investment, development and management firm Logistec. He has held various human resources-related roles since joining the company in 2019. In another move, Logistic has elevated Katia Weyburn to VP of communications. She spent her first year with the firm as strategic communications director.

• Unceded: Voices of the Land, a groundbreaking Indigenous-led contemporary architecture exhibition, will be showcased at Edmonton City Centre until June 21. Originally created for the 2018 Venice Architecture Biennale, Unceded is the first exhibition of its kind to be presented on the world stage, celebrating Indigenous architecture through the perspectives of 18 Indigenous architects and designers from across North America. More details are available at Unceded.org.

supply challenges.”

Join Canada’s leading CRE owners, investors, developers, brokers, financiers, and more at Connect Canada on May 28 at Malaparte in Toronto. Register now to catch forecasts from Canadian CRE leaders on market challenges and opportunities, insights into international investing with evolving market dynamics, the outlook for multifamily housing, and much more. www.ConnectCanada2025.com