Our Team

PenEquity is proud of its record of employee and management growth and retention. The core of the executive team has been together on average for over 20 years. Active and visible in both the financial and retail landscape, PenEquity’s management team draws upon a wealth of experience and knowledge. With this strong and diverse experience in all aspects of the real estate industry, PenEquity is uniquely qualified to protect and enhance the interests of our clients.


Mr. Glenn A. Miller, Chairman, has over 40 years of experience in the financial and real estate sector including the founding of three financial institutions. Within this framework he has provided asset management to pension funds and institutional investors in all forms of real estate development. His background includes serving as a Director of a number of Canadian companies, both public and private. Mr. Miller has a Bachelor of Science degree and is an MBA graduate from the Ivey School of Business at the University of Western Ontario in London, Ontario.

President & CEO

Mr. David V. Johnston, President & Chief Executive Officer of PenEquity, has over 35 years of real estate industry acquisition/disposition, financial structuring and administration experience, including retail, office, industrial and residential developments. Mr. Johnston has provided asset management to pension funds and institutional investors in all forms of real estate development. He obtained his Chartered Accountant designation with Price Waterhouse and has a Bachelor of Commerce from McMaster University in Hamilton, Ontario.

Chief Operating Officer

Mr. Leger Xavier,  has over 25 years of experience managing and actively implementing strategies to maximize value within a diverse real estate portfolio of food anchored, entertainment and mixed-use urban developments.  Mr. Xavier has previously served as Board Member, Treasurer and Chair of the Downtown Yonge Business Improvement Area. Mr. Xavier is a graduate from the University of Western Ontario with an Honors Degree in Urban Development.


Ms Nicole Lindsay, Controller, brings 27 years of diverse experience in real estate which includes industrial residential office and commercial/retail  properties. Ms Lindsay is responsible for financial reporting budgeting cash management and managing a team of accountants. Ms Lindsay graduated from the University of Guelph with a Bachelors of Commerce(Honours) degree in Business.

Director, Leasing

Ms. Adriana Fritsch, Director, Leasing, has in excess of 20 years Real Estate experience with the last 10 years focused on commercial leasing. Ms. Fritsch’s passion for real estate has given rise to work experience in commercial leasing and development of commercial, residential and mixed- use properties in Canada and Latin America.  Ms. Fritsch’s  Architecture, Urban Planning and MBA degrees contribute to her technical and financial results driven approach by targeting the right tenancy mix and increasing value of the asset.  Ms. Fritsch is a member and volunteer of Toronto CREW and a member of ICSC.

Director, Property Management

Mr. Harinder Brar, Director, Property Management, has in excess of 15 years of experience in the field of Property Management with expertise in managing Retail, Office, and Industrial Assets for small and large real estate enterprises. Mr. Brar is responsible for all aspects of Property Management across our platform and brings excellent organizational and management skills by working in a fast-paced environment with an emphasis on providing outstanding service to tenants and stakeholders. Mr. Brar is a graduate of York University with a degree in Remote Sensing and an RPA designation with Bomi International.