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Board of Trustees


Timothy R Banks, DirectorTimothy R. Banks
Trustes/Director Since: 2000
Committee Membership: Compensation (chair)


Mr. Banks is the President and CEO of the APM Group of Companies, a position he has held since December 1980. APM is one of Atlantic Canada’s largest construction and design-build companies. Mr. Banks is a certified engineering technologist with over 30 years of experience in the construction, development and management of retail, industrial, and residential real estate throughout Atlantic Canada.

Phillip D. FraserPhilip D. Fraser
President and Chief Executive Officer, Trustee
Trustee/Director Since: 2000
Non-Independent Trustee


Mr. Fraser is President and Chief Executive Officer of Killam Apartment REIT. He has held this position for 18 years, since the inception of Killam Properties Inc. the predecessor of Killam Apartment REIT. Mr. Fraser is responsible for developing, communicating and implementing Killam's strategy to maximize long-term unitholder value and returns. Mr. Fraser has worked in the real estate industry for 30 years. Mr. Fraser holds a Bachelor of Commerce and Masters of Urban and Rural Planning from Dalhousie University and a Masters of Business Administration from St. Mary’s University. Mr. Fraser is a member of the Board of Governors of St. Mary’s University and also serves on the Board’s Executive Committee, Advancement Committee and Honorary Degree Committee.

Robert G. KayRobert G. Kay
Chairman of the Board and Trustee
Trustee/Director Since: 2002
Committee Membership: Audit


Mr. Kay was appointed Chairman of the Board of Directors of Killam Properties on November 29, 2013. Mr. Kay is Chairman and founder of Springwall Group International and of Springwall Sleep Products Inc., one of Canada’s largest mattress manufacturers. Mr. Kay is an entrepreneur who has successfully built various businesses, including the development and management of multi-family real estate properties. Mr. Kay has served on various trade association boards and holds a Business Administration degree from Mount Allison University.

Aldea LandryAldéa Landry

Trustee/Director Since: 2017
Committee Membership: Corporate Governance, Nomination and Succession 
Ms. Landry is a lawyer, business executive and corporate director with significant legal, government and corporate governance experience. She practiced law with the New Brunswick Department of Justice prior to co-founding the firm of Tremblay, Landry, Landry. She later served as a Cabinet Minister and Deputy Premier of New Brunswick in the Government of Frank McKenna. She is currently President of Landal Inc., a consulting firm offering integrated services in organizational and business development and international cooperation, and Vice-President of Diversis Inc., a consulting firm specializing in immigration and diversity. She has served on the boards of numerous high-profile private and public sector organizations. Ms. Landry holds a Bachelor of Arts degree from the Université de Moncton and a Bachelor of Laws from the University of New Brunswick. She was appointed Queen’s Counsel in 1987 and to the Privy Council of Canada in 2005, and was awarded the Order of Canada in 2006. In 2013, Ms. Laundry was inducted into the New Brunswick Business Hall of Fame.

James G. LawleyJames G. Lawley
Trustee/Director Since: 2000



Mr. Lawley is the General Manager of Scotia Fuels Ltd., a residential fuel oil supplier based in Halifax, Nova Scotia, where he has worked since 1982. Mr. Lawley has been involved in real estate for over 28 years, with experience in both the development and ownership of residential, commercial, hotel and self storage properties. Mr. Lawley holds a Bachelor of Commerce (Hon) from Dalhousie University. Mr. Lawley is on the Board of the Atlantic Salmon Conservation Foundation, the Board of Directors of the Atlantic Salmon Federation and the Board of Governors of Armbrae Academy. Mr. Lawley is a Director of Renewable Energy Services Limited, a private renewable energy company focused on wind resources.

Arthur G. LloydArthur G. Lloyd
Trustee/Director Since: 2000
Committee Membership: Corporate Governance, Nomination and Succession


Mr. Lloyd is Chief Development Officer, Office, North America, and Vice Chairman for Ivanhoé Cambridge. He was formally President, Office, North America. Prior to joining Ivanhoé Cambridge in September 2010, Mr. Lloyd was the President of Adam Capital Inc., a private venture capital company. From January 2003 to January 2004, Mr. Lloyd was President and Chief Operating Officer of TGS North American Real Estate Investment Trust. His career in real estate spans 35 years, including 16 years at at Trizec Hahn. Mr. Lloyd was previously Chairman of Renewable Energy Services Limited, a private renewable energy company and also served as Chairman of the Calgary East Village Housing Society for many years. Mr. Lloyd holds a Bachelor of Arts (Hon) from St. Mary’s University.


Karine MacInroeKarine MacIndoe
Trustee/Director Since: 2014
Committee Membership: Audit, Compensation
Ms. MacIndoe is a Corporate Director/Trustee with over 20 years of professional experience, having most recently spent over ten years at BMO Capital Markets as a Managing Director and Senior Equity Research Analyst covering Real Estate / REITs. During her tenure at BMO she was consistently ranked as an all-star (top three) analyst in the Brendan Wood Canadian Equity Research Survey.  Prior work experience also includes M&A Advisory at NM Rothschild & Sons, and management of sales planning & analysis at Canadian Airlines International.  Ms. MacIndoe is also on the board and audit committee at DREAM Office REIT (TSX: D.un), has a MBA (Ivey Scholar) from the Richard Ivey School of Business and a Bachelor of Commerce (Honor Society) from the University of Calgary.

Robert RichardsonRobert Richardson, FCPA, FCA
Executive Vice-President 
Trustee/Director Since: 2000
Non-Independent Trustee


Mr. Richardson is Executive Vice President of Killam Apartment REIT. Mr. Richardson has held the position of EVP since Killam's inception in 2000, and prior to April 2017 Mr. Richardson also held the role of Chief Financial Officer. He is also President of Compass Commercial Realty, a commercial real estate management company based in Halifax. Mr. Richardson has worked in real estate for over 30 years. Mr. Richardson holds a Bachelor of Commerce from Dalhousie University and is a Chartered Professional Accountant. In 2006, Mr. Richardson was awarded the Fellow Chartered Accountant designation by the Institute of Chartered Accountants of Nova Scotia. Currently, Mr. Richardson is on the Board of Governors of Dalhousie University and in the past he has been Chair of the Board of Directors for the YMCA of Greater Halifax/Dartmouth and the Chair for the Board of Directors for the IWK Health Centre.

Manfred J. WaltManfred J. Walt, CPA, CA (S.A.)
Trustee/Director Since: 2007
Committee Membership: Corporate Governance, Nomination & Succession (chair)


Mr. Walt is President and Chief Executive Officer of Walt & Co. Inc., a private investment and management company that, since May of 2002, provides various consulting services to entities owned by or associated with the Reichmann family and other third parties. Mr. Walt holds a Bachelor of Commerce and a Certificate in the Theory of Accountancy from the University of Cape Town and is a Chartered Accountant.

G. Wayne WatsonG. Wayne Watson, CPA, CA
Turstee/Director Since: 2000
Committee Membership: Audit (chair), Compensation


Mr. Watson is a Corporate Director and Chair of the Audit Committee. Mr. Watson has extensive experience in finance and accounting. He has worked in senior financial roles in the past, including holding the position of Vice President of Finance for CanJam Trading Limited from 2002 to 2007 and Chief Financial Officer and Vice President, Finance, for Fortis Inc., a diversified international distribution utility company with real estate investments, for the period of 1992 to 2000. Mr. Watson is a Chartered Professional Accountant.


Prince Edward Island