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Investments and Other Operations

Pg17_SobeysAndLawtons

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Empire's Investments and other operations segment includes (1) a 41.5 percent equity accounted interest in Crombie REIT, a national Canadian REIT. Crombie REIT's strategy is to own and operate a portfolio of primarily high quality grocery and drug store anchored shopping centres and free standing stores in Canada's top 36 markets and (2) various equity accounted interests in real estate partnerships (collectively referred to as “Genstar”). Genstar is a residential property developer with operations in select markets in Ontario, Western Canada and the United States.