• In accordance with our strategy to replace smaller properties with one larger, easier to manage property, this property is listed for sale, and we will consider legitimate offers.

• The centre is 96% leased. Leasing activity to fill the remaining space, continues.
  
• In accordance with our strategy to replace smaller properties with one larger, easier to manage property, this property is listed for sale, and we will consider legitimate offers.

• While plans and permits remain in place for the construction of an additional 10,000-sq-ft of commercial/retail space, we are also considering severing off and selling the freestanding pad site.

• Property was sold on December 29th, 2010. When factoring in our capital upgrades, this sale represented a 280% return on the IGW REIT’s investment.

• Law office signed on as a new tenant for a 6,000-sq-ft office.

• Leasing activities continue.

• We have begun planning for the construction of an additional 6,000-sq-ft pad for new retail space. Construction scheduling will begin once we have sufficient pre-leasing in place.
  
• Leasing activities continue.

• We are negotiating a lease amendment with Bargain Shop’s space to construct a new storefront that will make it more attractive to customers by the creation of new front-facing storefronts. The plan has been approved by the City and a development permit granted.
  
• Our preference is to sell the property at an appropriate price rather than go to through the time and expense of completing the project.

• We have received a conditional offer to purchase for this property.

Fort Saskatchewan Industrial Park - Fort Saskatchewan, AB

• We are awaiting completion of a sewer line extension by the City, before making further improvements to this property.

• Re-merchandising and renovations are complete and the centre is now 100% leased.

• Suites continue to be upgraded as per our original plan.
• In accordance with our strategy to replace smaller properties with one larger, easier to manage property, this property is listed for sale, and we will consider legitimate offers.

• The mall's remaining vacant space is being marketed for lease.
  
• In accordance with our strategy to replace smaller properties with one larger, easier to manage property, this property is listed for sale, and we will consider legitimate offers.

• Improvements are being made to the 6,000-sq-ft space for our new tenant, the Province of Ontario
• In accordance with our strategy to replace smaller properties with one larger, easier to manage property, this property is listed for sale, and we will consider legitimate offers.

• We have replaced the building's roof.
  
• A new lease recently signed for 1000-sq-ft.

• Reviewing opportunity to add new pad commercial units to replace existing Turbo Gas Bar with higher rent paying tenants.
  
• 3,000-sq-ft vacancy is being actively marketed for lease.
  
• Rexall Drugs has recently purchased the existing pharmacy and extending the lease term and providing the property with a stronger covenant for the long term.

• The centre is now 100% leased.
• We have begun to pre-lease space for our planned 14,000-sq-ft expansion.

• We have now rolled this property into the IGW REIT.
  
• There have been multiple lease renewals, totalling over 12,000-sq-ft.
  
• The shopping centre has just undergone an extensive renovation to make it more energy efficient with new lighting systems installed.

• IGW REIT, through a subsidiary, owns 41.5% of Partners REIT.

• Cygnet is 100% occupied.
• Management has been moved to Gulf Pacific.

Colwood City Centre LP - Colwood, BC

• We have successfully refinanced for this Limited Partnership, reducing our interest charges
• Pre-sales of residential condominium suites has begun with initial offering to Member-Partners in January.
  
• Feasibility studies have been completed and we can now sign leases with commercial occupants. Lease marketing activities continue.
  
• Proposals have been made to the new anchor tenants and a construction phasing plan will allow site development work to begin.
  
• Construction is targeted to begin later in 2011.

• We have secured refinancing for this Limited Partnership, reducing our interest charges.
  
• Lease negotiations for the smaller spaces are in the final stages.
  
• Two new national restaurants – Lee’s Chicken & Tim Hortons – have opened on stand-alone pads.

• BOMA has approved this building's "Go Green" environmental certification.
  
• Only 8,500 square feet of ground floor space remains vacant. We are awaiting an offer of lease from the federal government.

• We are effectively bringing in new tenants while receiving income from existing ones.
  
• Three new tenants have moved in and begun operations.

• Pending resolution of the legal dispute, the subdivision approval has not been completed. However we are still earning 15% interest on our invested capital. Appeals are still pending as litigation with vendors is ongoing. Despite the delays we remain confident of our position and expect a just and profitable result.

• The site was successfully rezoned to allow large-format retail shopping complexes.
  
• We have leased space to three new retail tenants. Although the tenancies are necessarily short term, to provide us flexibility with our redevelopment plans, they are retail tenants, continuing the properties transition from industrial to retail use.

• Walmart Supercentre opened November 12, 2010. Cineplex Odeon Movie Theatre opened in November 2010. Home Depot set to open soon.
  
• Negotiations underway with numerous tenants.
  
• Many offers to lease in the works, such as Subway, East Side Mario’s, Pier 1 Imports, Tim Hortons, etc.

Miracle Mile Shopping Center - Munroeville, PA

• We have rescinded our offer to purchase this property. All unitholders are either redirecting their capital to our other projects or having their funds returned.

• Anderson Crossing’s leasing activities continue.
• Red Robin restaurant is opening May 2, 2011.

• A development permit has been granted by the City.
  
• The City has signed 40-year prepaid lease.
  
• The development property site has been closed on.

• In accordance with our strategy to replace smaller properties with one larger, easier to manage property, this property is listed for sale, and we will consider legitimate offers.
  
• Name changed from Wellington Suites to reflect building's new direction and image.
  
• Our aggressive leasing campaign continues to fill the remaining vacancies.
  
• Work has begun on the strata plan required for the condo-conversion and sale of suites.
  
• Member-partners interested in purchasing investment condos with rental pool option, can call their MSM to request information.

• Improvements to the common areas continue, and there is a plan for a
  vertical garden.
• Sales of condominium suites underway.
• Name changed from Rosewood Towers to reflect building's new image.

• Sales of condominium units underway.

• In accordance with our strategy to replace smaller properties with one larger, easier to manage property, this property is listed for sale, and we will consider legitimate offers.
  
• Work is proceeding on releasing vacant spaces.
  
• New leases completed recently include: a produce store, "Cupcakes," and two new office tenants.
• Future residential redevelopment site.