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Board of Trustees and Committees


Timothy R. Banks, Trustee

Trustee/Director Since: 2000

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 leading construction and design-build companies. Mr. Banks is a certified engineering technologist with 39 years of experience in the construction, development and management of retail, industrial, and residential real estate throughout Atlantic Canada. Tim is a recipient of The Queen Elizabeth II Diamond Jubilee Medal, a member of the Atlantic Business Top 50 CEO Hall of Fame and was inducted into the Junior Achievement Prince Edward Island Business Hall of Fame in 2016.

Philip D. Fraser, President and Chief Executive Officer, Trustee

Trustee/Director Since: 2000
Non-Independent Trustee

Mr. Fraser is the founding President and Chief Executive Officer of Killam. He has held this position for 20 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 over 32 years. Mr. Fraser holds a Bachelor of Commerce and a Master of Urban and Rural Planning from Dalhousie University and a Master of Business Administration from Saint Mary’s University. Mr. Fraser is a member of the Board of Governors of Saint Mary’s University and serves on the Board’s Executive Committee, Advancement Committee, and Honorary Degree Committee.

Robert G. Kay, Chairman of the Board and Trustee

Trustee/Director Since: 2002

Mr. Kay is Chairman and founder of Springwall Group International and Springwall Sleep Products Inc., one of Canada’s largest mattress manufacturers. He is an entrepreneur who has successfully built and managed various businesses, including Cable TV for South Eastern New Brunswick, the first cellular telephone service in Atlantic Canada as well as the development and management of multi-family real estate properties. He is a Director of RediShred Capital Corp. and has served on various trade association boards. In 2014, he was awarded the Lifetime Achievement Award by the Canadian Home Furnishings Alliance. Mr. Kay holds a Bachelor of Business Administration from Mount Allison University.

Aldéa Landry, Trustee

Trustee/Director Since: 2017
Committee Membership: Compensation and Governance & ESG

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 a law firm. She later served as a Cabinet Minister and Deputy Premier of New Brunswick. She is currently President of Landal Inc., a consulting firm offering integrated services in organizational and business development, and Vice-President of Diversis Inc., a consulting firm specializing in immigration and diversity. She has served on the boards of two public companies and on numerous high-profile private and public sector organizations, including the Bank of Canada, the Canadian Investors Protection Fund and chaired the Atlantic Provinces Economic Council. Ms. Landry holds a Bachelor of Arts degree from the Université de Moncton and a Bachelor of Laws from the University of New Brunswick, and from 2011 to 2019 she was chancellor of the Université Sainte-Anne. She was appointed Queen’s Counsel in 1987, to the Privy Council of Canada in 2005, and was awarded the Order of Canada in 2006. In 2013, Ms. Landry was inducted into the New Brunswick Business Hall of Fame.

James G. Lawley, Trustee

Trustee/Director Since: 2000

Mr. Lawley is involved in the commercial and residential real estate industry as the President and co-owner of Halkirk Properties Inc. and Salters Gate Developments Inc. Mr. Lawley is an owner and operator of several national fast food franchises throughout the Maritimes and Quebec and is a part owner of six Atlantic salmon sport fishing lodges. Mr. Lawley is also part owner of Sustainable Blue, a land-based operation to raise Atlantic Salmon in a sustainable and environmentally friendly basis. Mr. Lawley holds a Bachelor of Commerce (Hon) from Dalhousie University and is on the Board of the Atlantic Salmon Conservation Foundation and the Board of Directors of the Atlantic Salmon Federation. Mr. Lawley is a Director of Renewable Energy Services Limited, a private renewable energy company focused on wind resources.

Arthur G. Lloyd, Trustee

Trustee/Director Since: 2000

Mr. Lloyd has over 37 years of real estate experience. Most recently he was the Chief Development Officer, Office, North America, and Vice Chairman for Ivanhoé Cambridge. Prior to joining Ivanhoé Cambridge in 2010, Mr. Lloyd was President of Adam Capital Inc., a private venture capital firm. From January 2003 to January 2004, he was President and Chief Operating Officer of TGS North American Real Estate Investment Trust. Mr. Lloyd was also Chairman of Renewable Energy Services Limited, a private renewable energy company and 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 MacIndoe, Trustee

Trustee/Director Since: 2014
Committee Membership: Audit (Chair) and Compensation (Chair)

Karine MacIndoe has 25 years of professional experience, mostly in real estate and capital markets, and over 5 years of public board experience. She is currently also on the boards of DREAM Office REIT (TSX: D.UN) and DREAM Hard Asset Alternatives (TSX: DRA.UN), as well as the Fred Victor charitable organization. Sub-committee responsibilities include chairing the Audit Committee at DREAM Office and DREAM Alternatives and chairing the Compensation Committee at Killam in 2019 and appointed Chair of Killam’s Audit Committee in March 2020. Until 2013, Ms. MacIndoe was a Managing Director and Senior Equity Research Analyst at BMO Capital Markets covering Real Estate & REITs across all property types (retail, office, industrial, multi-residential, seniors housing and hotels). During her more than 10-year career at BMO, she was consistently ranked as a top-ranked analyst in the Brendan Wood Canadian Equity Research Survey; both for the quality of her research and strength of client relationships. Prior work experience also includes M&A Advisory at NM Rothschild & Sons, and management of sales planning at Canadian Airlines International. Ms. MacIndoe has an MBA from the Richard Ivey School of Business (graduated an Ivey Scholar) and a Bachelor of Commerce from the University of Calgary (graduated Honor Society). 

Laurie MacKeigan, Trustee

Trustee/Director Since: 2020
Committee Membership: Audit and Compensation

Laurie MacKeigan is the President of Backman Vid-Comm Ltd., a commercial audio-visual integrator located in Halifax, NS. Prior to purchasing Backman-Vid in 2014, Ms. MacKeigan had a career in public accounting, banking and investments. She has experience in public financial reporting for banking and real estate. She spent 11 years in Bermuda and was appointed Vice-President, Finance of the Bank of Bermuda. Ms. MacKeigan has a BBA from Acadia University and is a CPA in both Canada and the United States. In 2019, Ms. MacKeigan was recognized as EY Entrepreneur of the Year – Emerging for Atlantic Canada.

Robert Richardson, FCPA, FCA, Executive Vice-President, Trustee

Trustee/Director Since: 2000
Non-Independent Trustee

Mr. Richardson is the founding Chief Financial Officer and Vice President of Killam and is currently the Executive Vice President. He is also President of Freehold Commercial Realty Limited, a commercial real estate management company based in Halifax.  Most recently, Robert is co-founder of Sustane Technologies Inc., an advanced recycling company building a biomass pellet and syn-diesel plant in Chester, NS. Mr. Richardson has worked in real estate for over 30 years and holds a Bachelor of Commerce from Dalhousie University and is a Fellow Chartered Professional Accountant. Mr. Richardson is a member of Dalhousie’s Board of Governors where he chairs the Capital Projects and Facilities and Investments Committees, and the Halifax YMCA’s Capital Campaign Committee. In the past, he has Chaired the Board of Directors for the YMCA of Greater Halifax/Dartmouth and the IWK Health Centre.

Manfred J. Walt, CPA, CA (S.A.), Trustee

Trustee/Director Since: 2007
Committee Membership: Audit and Governance & ESG (Chair)

Mr. Walt is President and Chief Executive Officer of Walt & Co. Inc., a private investment and management company. Mr. Walt has been associated with the Bronfman family (Brookfield Asset Management) from 1980 – 1998 and the Reichman family (Retirement Residences REIT) from 1998 – current. Mr. Walt has played various executive roles in the abovementioned families’ private and public companies over these years. 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 Professional Accountant.


Investor inquiries should be directed to:

Nancy Alexander, CPA, CA
Vice President, Investor Relations and Sustainability
3700 Kempt Road, Suite 100
Halifax, Nova Scotia, 
B3K 4X8
Phone: 902-442-0374