TORONTO, ON–(Marketwired – January 19, 2017) – Timbercreek Asset Management (“Timbercreek”), is pleased to announce the final closing of the Timbercreek Canadian Multi-Residential Value-Add Fund (the “Fund”), with aggregate commitments of approximately $245 million. This is Timbercreek’s fourth Canadian fund focusing on the rehabilitation and repositioning of well-located, multi-residential rental assets in key Canadian markets. The Fund has a 7-year term and targets returns commensurate with an active, value-add strategy. Of note, Timbercreek structured the Fund to be available to European institutional investors, and as a result the Fund combines Canadian capital with significant commitments from European capital providers.

Source: http://www.marketwired.com/mw/release.do?id=2189718&sourceType=3

This entry was posted on Thursday, January 19th, 2017 at 11:14 am and is filed under Press Release. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.