Built for today and tomorrow
Who We Are
Graywood operates a fully-internalized development platform currently managing a pipeline of over 6,300 residential units, and one million square feet of industrial space. Graywood’s capabilities have grown to include expertise in senior’s housing, office, retail and industrial, while continuing to operate as one of Canada’s leading residential developers.
Leadership Team
Stephen Price
President & Chief Executive Officer
Stephen Price
President & Chief Executive Officer
Stephen provides overall leadership to the Company. He is responsible for developing and managing the implementation of Graywood’s operating and growth strategies. During Stephen’s 13 years at Graywood, he has led the fundraising of over $480 million in equity and overseen developments valued at over $4.0 billion.
Stephen has 32 years of real estate industry experience, having held senior acquisitions, finance and operating roles with Canadian private and public companies. He has led the acquisition, development and asset management of properties in multiple asset classes including retail, industrial, office, multi-residential, retirement home, and hospitality.
Prior to joining Graywood in 2007, Stephen was Senior Vice President of GWL Realty Advisors, a Canadian real estate advisor to institutional investors, and was responsible for the growth and management of its $2.2 billion multi-residential portfolio. He was also co-founder and Executive Vice President of Acanthus Real Estate Corporation, a TSX listed company acquired by a subsidiary of the Caisse de Depot.
Stephen is a CFA charterholder and holds an Honours Business Administration degree from the Richard Ivey School of Business at the University of Western Ontario.
David Dinniwell
Chief Financial Officer
David Dinniwell
Chief Financial Officer
David is responsible for the financial management of Graywood and its funds and leads the Company’s project financing activities. Since joining Graywood, David has been involved in over $415 million in equity fundraising and led over $2.2 billion in debt financing.
David has 26 years of real estate finance and accounting experience having held senior financial positions with private and public real estate companies.
Throughout his career, David has been involved in over $3.5 billion of debt and equity financings. Prior to joining Graywood in 2010, he was Chief Financial Officer of lnStorage REIT, a TSX listed REIT. David has also been Chief Financial Officer of IPC US REIT, a TSX listed REIT, and also held senior finance positions at Fairmont Hotels & Resorts Inc. and Ernst & Young LLP.
David is a Chartered Accountant (CA), a CFA charterholder and holds an Honours Bachelor of Commerce degree from the Michael G. DeGroote School of Business, McMaster.
David Hamilton
Chief Development Officer
David Hamilton
Chief Development Officer
David has overall responsibility for Graywood’s development project management and construction activities. David currently leads the development of over 6,400 units (5.4 million sq. ft.) with a value of $5.2 billion.
David has 39 years of experience leading residential and commercial real estate development projects, construction and asset management at both public and private organizations, where he has successfully led the development of over $1.0 billion of office, retailand retirement home projects.
Prior to joining Graywood in 2013, David was Senior Vice President Real Estate Asset Management with Revera Inc., he was also a Senior Development Executive with The Cadillac Fairview Corporation. David is a Professional Engineer and holds a Masters in Business Administration from York University and a B.A.Sc., Civil Engineering from the University of Waterloo.
Team Members
Neil Pattison
Senior VP, Development
Neil Pattison
Senior VP, Development
Neil is responsible for the overall approval and delivery of developments at Graywood. Neil has 26 years of experience in leading residential and mixed-use developments working for private developers, Provincial Government and private planning consultants in Canada and the United Kingdom. During this time Neil has worked on delivering over 20 high-rise and mid-rise developments including some 7,000 residential units together with over 500,000 sq. ft. of commercial space.
Prior to joining Graywood in 2015, Neil was Director of Development for The Daniels Corporation where he worked on numerous landmark developments in Toronto. He was also previously a Project Manager at Ontario Realty Corporation and a Planner at Walker Nott Dragicevic in Toronto.
Neil is a Registered Professional Planner with the Ontario Professional Planners Institute and the Canadian Institute of Planners. He holds bachelor’s degrees in Planning Studies and Town Planning from Sheffield Hallam University, United Kingdom.
Alan Christensen
Senior VP, Construction
Alan Christensen
Senior VP, Construction
Alan leads construction management activities for Graywood and provides support to Graywood’s acquisition, development and marketing teams. He is also responsible for the project delivery process.
Over his 32 years in construction, Alan’s projects have included multi-use high rise residential condominiums, residential rental apartments, retirement residences and long-term care facilities.
Prior to joining Graywood, Alan was engaged in project management with leading constructors such as EGM Cape and Reliance, and real estate developers including Tridel and Daniels.
Alan is a Professional Engineer and holds a Masters in Business Administration from the Schulich School of Business and a B.A.Sc. in Civil Engineering from the University of Waterloo. Alan is also a LEED Accredited Professional.
Heather Lloyd
Senior VP, Sales & Marketing
Heather Lloyd
Senior VP, Sales & Marketing
Heather is responsible for leading the sales and marketing of active communities within Graywood’s portfolio, as well as overseeing Graywood’s corporate branding.
Heather has nearly 19 years of experience in the real estate industry. Prior to joining Graywood in 2017, Heather was the Director of Marketing for The Daniels Corporation, where she led the marketing on several landmark communities within the GTA, including Festival Tower condominiums atop TIFF Bell Lightbox, the 69-acre revitalization of Regent Park, and FirstHome™ Communities throughout the GTA. Heather was also a Research Assistant at N. Barry Lyon Consultants Inc. (NBLC) assisting in numerous site study reports and contributing to Urbanation.
Heather attended the University of Western Ontario, where she earned her Bachelor of Arts.
Jason Shedletsky
Senior VP, Investments
Jason Shedletsky
Senior VP, Investments
Jason is responsible for sourcing, evaluating and completing the acquisition of new properties for development.
Jason has 20 years of real estate investment, development and finance experience in residential and commercial properties in both Canada and the United States. During his career Jason has completed transactions and financings totaling over $4.0 billion.
Prior to joining Graywood, Jason held various investment and finance roles for two private development managers, a large global real estate advisor and a large Canadian REIT.
Jason holds a Master of Science Degree in Real Estate Development from New York University and an Honors Business Administration degree from the Richard lvey School of Business at the University of Western Ontario.
Michael Labenski
Senior VP, Finance
Michael Labenski
Senior VP, Finance
Michael is responsible for leading finance and accounting activities for the development, construction and asset management functions of Graywood as well as overseeing the IT/IS functions.
Michael has experience as VP Corporate Controller where he was responsible for overseeing the financial activities of Funds and real estate interests, which included leading the implementation of a fully automated ERP system.
Michael holds a CPA, CA and holds an Honours Bachelor of Commerce from the University of Windsor.
Aleks Karamarkovic
VP, Corporate Development
Aleks Karamarkovic
VP, Corporate Development
Aleks is responsible for the management of Graywood’s private equity fundraising program as well as the analysis and underwriting of new real estate development opportunities. During his 10 years at Graywood Aleks has been involved in over $415 million in equity fundraising.
Prior to joining the investment team in 2013, Aleks was an Assistant Controller at Graywood and was responsible for project and fund financial reporting. Prior to joining Graywood, Aleks spent four years with RSM Richter LLP (now part of Ernst & Young) where he led audit and tax engagements for clients in real estate and other sectors.
Aleks is a designated Chartered Professional Accountant (CPA, CA) and is a CFA Institute Charterholder (CFA). Aleks received his Honours Bachelor of Business Administration degree from the Schulich School of Business at York University.
Travis An
VP, Controller
Travis An
VP, Controller
Travis is responsible for managing the operational accounting team at Graywood Developments, ensuring the delivery of financial and operational accounting and reporting, forecasting and cash management for various real estate development projects.
Travis has over 13 years of experience in financial accounting and reporting, financial operations and management, as well as in business and financial strategy with several leading Canadian organizations. Prior to joining Graywood, Travis held various progressive accounting positions with Canadian real estate companies Strathallen Capital Corp. and RioCan REIT overseeing the financial accounting and reporting, leasing, development, construction, property management and asset management.
Travis is a Chartered Professional Accountant and holds a Bachelor of Business Administration from York University.
Brenden Lougheed
VP, Corporate Reporting
Brenden Lougheed
VP, Corporate Reporting
Brenden oversees all accounting and financial reporting activities for Graywood’s management company and real estate investment funds and manages the forecasting, budgeting, treasury and internal control functions at Graywood Developments.
Brenden has over 13 years of real estate accounting experience.
Prior to joining Graywood in 2015, Brenden was at Deloitte LLP, providing audit and assurance
services to corporate clients in both the public and private sectors. Brenden is a Chartered Accountant and holds an Honours Business Administration degree from the Richard lvey School of Business at the University of Western Ontario.
Angela McDonald
VP, Human Resources
Angela McDonald
VP, Human Resources
Angela is responsible for managing and delivering Graywood’s HR strategy in support of the business objectives.
Angela has over 20 years HR experience in both corporate and HR consultancy. Angela brings to Graywood a wealth of experience with expertise in recruitment and selection, employee engagement, talent management, learning and development, employee relations, organizational design and performance management.
Prior to joining Graywood, Angela lived and worked in the UK where she ran her own consultancy business, providing HR services to small and medium size businesses. Prior to this Angela was the HR Director for a global infrastructure investment company where she was responsible for setting and delivering a global HR strategy and overseeing all day to day activities.
Angela holds a Masters Degree in UK Employment Law and is a Chartered Member of the Institute of Personnel and Development in the UK.
Michael Bardyn
VP, Asset Management
Michael Bardyn
VP, Asset Management
Michael is responsible for leading the asset management team at Graywood, with a focus on creating long term value
tailored to client needs. Michael has over 25 years experience in leasing and asset management in Canada and the US, developing and implementing strategies for actively managed real estate portfolios across office, industrial, retail, and residential asset classes.
Prior to joining Graywood, Michael was Managing Director at Manulife Investment Management leading the asset
management, leasing and property management teams for Manulife’s Greater Toronto Area and Southern Ontario real
estate portfolios of over $4B. Michael holds Honours Business Administration and Master of Business Administration
degrees from the Richard lvey School of Business at the University of Western Ontario.
Integrated Development Platform
Graywood operates a full service development platform designed to generate value through an integrated approach, while managing risk at each phase of the process.
01
Capital
Institutional and HNW relationships built through in-house corporate development and investor relations platform
02
Acquisitions
Excellent access to transactions due to strong broker relationships and land owners. Approximately $200M of equity invested over the past 36 months.
03
Development
Optimal planning solutions delivered through in-house team of internal planners and best-in-class consultants.
04
Construction
Long-standing trade relationships, focused site logistics and economies of scale result in preferred construction pricing with high performing contractors.
05
Sales and Marketing
Effective sales and marketing execution through internal leadership and third party consultants
06
Project Financing
Conservative leverage self-sourced through excellent lender relationships.
07
Asset Management
Professional full-service asset management services, partnering with market leading property management firms.
08
Financial Management and Reporting
Top-tier reporting with in-house operational accounting and financial reporting team.