Prestigious standards of achievement

NAIOP Greater Toronto Chapter’s Real Estate Excellence (REX) Awards are the most prestigious standards of achievement within the commercial real estate development industry. 

The 20th Annual Rex Awards

2022 was the 20th year of this annual competition established to recognize and celebrate excellence and innovation in office, industrial and mixed-use real estate in Toronto and the surrounding region. In addition to the project awards, NAIOP Greater Toronto annually presents the following Real Estate Excellence Awards to individuals in recognition of their outstanding leadership and achievements: REX Icon AwardREX Community Service Award, Developing Leader Award and NAIOP Director’s Award.

You can learn more about the winners below!

20th Annual REX Awards Categories

Development/redevelopment projects completed or substantially completed during January 1, 2020 to December 31, 2021 (Certificate of Occupancy and Substantial Completion to have been issued during this time). Minimum of 65% of GLA for conventional use of that category (i.e. Office / Industrial / Retail / Multi-Residential). Development/redevelopment cost (incl. land, hard and soft costs) of at least $7,500,000. Owner occupied projects are eligible for submission, provided that at least 25% of the GLA is leased/available for lease by third parties. 

For office/industrial/retail developments, projects must be at least 50% unconditionally leased by submission date, and residential components are not allowed. Projects completed prior to commencement of eligibility period but did not meet the leasing threshold until the eligibility period are eligible for submission. 

Open to investment transactions closed during the Eligibility Period (January 1, 2020 to December 31, 2021). If it is a single property transaction, the property must be located within the Greater Golden Horseshoe region and must be used for office, industrial, retail or multi-family purposes. If it is a portfolio transaction, a material component of the portfolio must be located within the GGH region. The value of the transaction must be a minimum of $20,000,000 to be eligible for judging.

Three (3) key judging criteria include: Innovation and Creativity (30%), Market/Community Impact (30%) and Value to the Investor (40%).

Open to lease transactions on which an unconditional, binding lease agreement was reached during January 1, 2020 to December 31, 2021. New leases and renewals are both eligible.  

  • Office – minimum of 25,000 sf 
  • Industrial – minimum of 30,000 sf 
  • Retail – minimum of 10,000 sf (Note: Special consideration will be given to marquee tenancies that do not meet the minimum square footage requirement.) 

Real estate projects substantially completed during January 1, 2020 to December 31, 2021. Certificate of Occupancy and Substantial Completion must have been issued during this period. The project should demonstrate excellence, innovation, and achievement in aspects of ESG.
Examples: New green development/redevelopment projects, building retrofit, corporate sustainability initiatives or processes, contributions to the green building movement and a wide range of other possibilities.

Submission eligibility includes Environmental initiatives and Social initiatives.

This submission is an opportunity for you/your firm to explain why this specific initiative deserves to be recognized as the ESG & Social Impact project of the year. Submissions should be tailored to highlight the most noteworthy aspects of the project, outcomes of implementing the ESG initiative, metrics (including
financial impacts), and manner in which it distinguishes itself from other recent projects. Specificity is key and point form is acceptable.

Three (3) key judging criteria include: Project Impact & Performance (50%), Innovation & Creativity (50%), and Other Considerations.

The Icon Award is one of the individual honourary REX Awards presented annually by the Board of Directors of NAIOP Greater Toronto Chapter. The Icon Award is given each year to a member of the Greater Toronto Area commercial real estate industry to recognize the outstanding contributions and achievements attained to this point in his or her career. It is a reflection of this individual’s dedication to the betterment of the industry.

The Nominee must be well known in the real estate community as someone who is or has been actively involved and/or made significant contributions in the commercial real estate industry in the GTA. This person should also be (or have been) a member of NAIOP Greater Toronto.

The award recipient shall be selected from among the nominees based upon his/her contributions and achievements as described by the nominators. The Nomination must include a descriptive story of your Nominee’s distinguished career, accurately detailing how the Nominee’s contributions and achievements have inspired others
and continue to show leadership in the industry. 

The Community Service Award is one of the individual honourary REX Awards presented annually by the Board of Directors of NAIOP Greater Toronto Chapter. The Community Service Award is given each year to a member ofthe Greater Toronto Area commercial real estate industry to recognize his or her outstanding involvement and contributions in community service. The award recognizes service rendered unselfishly within the community but outside of the real estate industry.

The Nominee must be well known in the real estate community as someone who is or has been actively involved in the commercial real estate industry in the GTA. This person should also be (or have been) a member of NAIOP Greater Toronto.

The award recipient shall be selected from among the nominees based upon his/her contributions and achievements as described by the nominators. The Nomination must include a descriptive story accurately detailing how the Nominee’s volunteering efforts have contributed, inspired, and shown leadership. The nature of the community service may take any form, but must represent a significant contribution of time and effort and have made a significant difference to the charitable/volunteer organization or the community to which the effort is given. 

NAIOP’s Developing Leader Award is given to young professionals 35 years of age or under, who have distinguished themselves in their professions and show great promise as future leaders of the commercial real estate industry. One or more awards may be available in any given year. Nominees must be members of NAIOP. The award recipient(s) shall be selected from among the nominees based upon his/her contributions and achievements as described by the nominators. 

The Volunteer of the Year is one of the individual honourary REX Awards presented annually by the Board of Directors of NAIOP Greater Toronto Chapter. The Award is given each year to an active member of the Greater Toronto Area commercial real estate industry to recognize their outstanding contributions to the Chapter. It is a reflection of this individual’s dedication to the betterment of the industry.

The Nominee must be well known in the real estate community as someone who is or has been actively involved and/or made significant contributions in the commercial real estate industry in the GTA. This person should also be (or have been) a member of NAIOP Greater Toronto. Members of the Chapter Board of Directors are not eligible
for nomination. 

The award recipient shall be selected from among the nominees based upon his/her contributions and achievements as described by the nominators. The Nomination must include a descriptive story of your Nominee’s distinguished career, accurately detailing how the Nominee’s contributions and achievements have inspired others and continue to show leadership in the industry.

The NAIOP Greater Toronto sincerely thanks everyone who made submissions in 2022 for the 20th annual Real Estate Excellence Awards competition.

20th Annual Real Estate Excellence Awards Winners

The following winning teams and projects are deserving of the industry’s recognition for their leadership and innovation! 

20th Annual Real Estate Excellence Awards Winners

Gary Whitelaw

Jamie Ziegel

 

Ken Nevar

Emily Long

Charitable beneficiary: jack.org

Each year, NAIOP Greater Toronto aligns its choice of a REX Awards charitable beneficiary with the selection of the Community Service Award Recipient.

The award recipient may recommend deserving charitable organizations operating in or around the Greater Toronto Area for the Board of Directors’ consideration. In the 20-year history of the Real Estate Excellence Awards, the accumulated proceeds donated to worthy causes have exceeded $950,000. 

NAIOP believes in contributing to a healthy, sustainable local economy and giving back to communities in which members live and work. Some of the organizations to which donations have been made are: the Geneva Center for AutismCoast to Coast Against Cancer FoundationParkinson Society Canadathe Hope for Children FundCanadian Foundation for Physically Disabled PersonsEva’s InitiativesWellspringRight To Play, Women’s College Hospital and more.

Jack.org is Canada’s only charity training and empowering young leaders to revolutionize mental health in every province and territory. We do this through three globally-recognized programs:
  • Talks
  • Chapters
  • Summits

LEARN MORE HERE

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