Maurice Kagan is president of Canal Group, a residential and commercial property holding company.
Canal Group is engaged in property development, construction, financing and management of commercial
and residential assets. Mr. Kagan was formerly chief executive officer and owner of Sparkle Solutions
Inc., a route operator servicing over 13,000 laundry machines serving the multi-residential housing
industry in Canada that was acquired by a U.S. based laundry operator in 2013. In 1997, Mr. Kagan
spearheaded the launch of Residential Equities Real Estate Investment Trust (RESREIT). Mr. Kagan is a
director of Cliffside Capital Ltd. He is a former director
of InterRent REIT, Pure Multi-Family REIT, Kew Media Group, Carfinco Financial Group Inc. and Lonestar West Inc. and was the Chair of the audit
committee of both Carfinco Financial Group Inc. and Lonestar West Inc. Mr. Kagan qualified as a
Chartered Accountant in South Africa in 1981, has a Bachelor of Commerce from the University of Cape
Town and has a certificate in the Theory of Accountant