Artificial Intelligence Use Disclosure

This disclosure explains how Equiton and its affiliated and associated companies (“Equiton,” “we,” or “us”) use artificial intelligence (“AI”) in connection with this website and our business, and the terms that apply when you interact with any AI feature made available through the website or use your own AI tools in connection with it. It supplements, and should be read together with, our Disclaimers, Terms and Conditions, and Privacy Policy. In this disclosure, “visitor” or “you” means any user of the website; “investor” means a person who invests or is considering investing in an Equiton product; and “resident” or “customer” means a tenant or prospective tenant of a property Equiton manages. By continuing to use the website, you accept this disclosure as amended from time to time.

  1. When You Are Interacting With AI

Some features of this website and our communications are powered by AI. When you interact with an AI feature, such as a chat assistant or automated response tool, you are interacting with artificial intelligence technology and not directly with an Equiton employee. Where practical, we identify AI-powered features at the point of use and provide a way to reach a person. AI tools use techniques such as machine learning and natural language processing, and may include generative AI that creates original text or summaries in response to your inputs.

  1. How Equiton Uses AI

Equiton uses AI and machine-learning tools to support certain operational and informational activities. These may include property management and leasing support; resident and customer-service communications; the preparation and summarization of research and market materials; content drafting; analytics; and improving the functionality of the website. To help you understand where AI is and is not material to your investment, we distinguish between:

  • Operational tools – for example, leasing support and resident and customer-service communications – which support day-to-day property operations and do not, by themselves, determine the securities we offer or their terms; and
  • Research and analytics tools, which may assist our teams in preparing market materials and in analysis that can inform, but does not by itself decide, matters such as asset selection, portfolio construction, or risk monitoring. Investment decisions remain subject to Equiton’s own review, governance, and approval processes.

Where AI is used to generate or materially assist in producing investor-facing or other public content, that content is subject to human review appropriate to its context and to our supervisory controls. Equiton remains responsible for the accuracy and regulatory compliance of AI-assisted content relating to its securities.

  1. No Advice; No Reliance for Investment Decisions

AI-assisted content on this website is provided for general information only. Nothing produced or assisted by AI constitutes investment, financial, legal, tax, or accounting advice, an offer to sell, or a solicitation to buy any securities. Consistent with our Disclaimers, any decision to invest must be made solely on the basis of the applicable offering documents, including the most current Offering Memorandum and related subscription documents, and after consultation with your own professional advisors and an appropriately registered dealer in your jurisdiction. Any forward-looking information, targets, projections, or illustrative outputs generated with AI are subject to the same limitations and risk factors described in our Disclaimers and the applicable offering documents.

  1. Accuracy, Limitations and Human Oversight

AI systems can produce information that is inaccurate, incomplete, out of date, or otherwise unreliable, and may reflect the limitations or biases of their training data and underlying assumptions. AI-assisted content may be revised without notice and is not guaranteed to be accurate, complete, or current, and you should not rely on it as a substitute for professional advice or for the offering documents. Equiton applies governance, testing, and human-review controls to AI used in investor-facing and other regulated activities, and remains accountable for those activities in accordance with applicable securities law, including the expectations described in CSA Staff Notice 11-348. Where an AI tool answers investor questions about matters such as products, fees, liquidity, redemption rights, or risks, we apply supervision and record-keeping designed to keep those responses accurate, balanced, and consistent with the applicable offering documents.

  1. Automated Decision-Making and Personal Information

Where AI tools process personal information, we handle that information in accordance with our Privacy Policy and applicable Canadian privacy legislation, including the Personal Information Protection and Electronic Documents Act (PIPEDA) and applicable provincial privacy laws. We limit the personal information used by such tools to what is necessary for the identified purposes and apply safeguards appropriate to its sensitivity. Where we use AI to make or materially assist a decision that produces a significant effect about an individual, we will provide the information and choices required by applicable law, including, where it applies, the right to request an explanation and to be informed of the use of automated decision-making. If you have questions about how AI tools process your personal information, please contact us using the details in our Privacy Policy.

  1. Your Own Use of AI in Connection With the Website

This section governs your independent use of AI in connection with the website and does not limit Equiton’s responsibility for its own use of AI. If you use any AI feature we make available, or use your own AI tools in connection with the website, you agree to do so lawfully and in accordance with our Terms and Conditions. You agree that you will not:

  • submit personal information of others, confidential information, or material that you do not have the right to provide into any AI feature; or
  • use any AI feature in a manner that violates applicable law or our Terms and Conditions.

For greater certainty, nothing in this disclosure is intended to restrict the lawful access, indexing, retrieval, citation, summarization, or display of publicly available website content by search engines, AI-powered search and discovery services, AI assistants, or similar technologies.

Any use of substantial portions of the website’s content for the purpose of training or fine-tuning AI or machine-learning models remains subject to Equiton’s prior written consent.

You are solely responsible for any content you generate, submit, or act upon using your own AI tools, and for verifying its accuracy before relying on it.

  1. Third-Party AI Providers

Some AI functionality is provided by third-party vendors. Where these tools are integrated into our regulated or investor-facing activities, we do not simply rely on the vendor: we take reasonable steps to understand the model’s behaviour, validate its outputs, and guard against bias, conflicts, and operational failures, consistent with our obligations under applicable securities law and our contractual arrangements with those vendors. Separately, if you follow a link from the website to a third-party AI tool and interact with it on your own, that interaction may be governed by that third party’s own terms and privacy policies, which we encourage you to review.

  1. Changes

This disclosure is subject to change and may be updated as our use of AI and applicable law evolve. Your continued use of the website constitutes acceptance of the then-current version. This disclosure and any dispute arising out of it are governed by the laws of the Province of Ontario and the laws of Canada applicable therein.