The Property is located on the southeast corner of West 4th Avenue and Highbury Street in the City of Vancouver. The area, known as “West Point Grey” is located within fi ve minutes of UBC and ten minutes from downtown Vancouver. Three of the city’s popular beaches, Jericho Beach, Locarno and Spanish Banks are a short walk or bike ride away. Point Grey Village serves as the area’s shopping district, where many independently owned businesses contribute to a village-like atmosphere. Jericho Lands, a 90 acre future development site, is located directly across Highbury Street from the subject property. Initial development concepts include a mixed-use development to include multi-level residential buildings with housing for up to 18,000 residents, public spaces, amenities and some commercial development.