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Our Team

The Directors, Officers and Principals of Timbercreek and its funds have deep experience, established reputations and extensive contacts in the commercial real estate and mortgage lending community, as well as in the capital markets and asset management sectors in Canada.

Corporate

R. Blair Tamblyn, Chief Executive Officer

Blair Tamblyn is a founding partner, CEO and President of Timbercreek Asset Management Inc. Mr. Tamblyn is also Chairman of the Board for the Timbercreek Mortgage Investment Corp (TMC-T). and has served as President of Timbercreek REIT. Blair has over 14 years of experience working with the public and private capital markets and has led the origination, structuring, capitalization and execution of seven distinct Timbercreek Funds that currently manage approximately C$1.7 billion in assets. Prior to founding Timbercreek in 1999, Mr. Tamblyn worked with Connor, Clark & Company where he was licensed as a Securities Trader. Mr. Tamblyn is a graduate of the University of Western Ontario, and has completed Level I of the Chartered Financial Analyst Examination, and is a graduate of the Rotman School of Business Director Education Program.

Ugo Bizzarri, CFA, Chief Financial Officer

Ugo Bizzarri is a founding partner of Timbercreek Asset Management and holds the title of Chief Financial Officer, and Managing Director, Real Estate Investments. Mr. Bizzarri is also the Chief Financial Officer and Portfolio Manager for Timbercreek Mortgage Investment Corporation. Since the inception of the Timbercreek real estate funds in 2000, Mr. Bizzarri has directed the acquisitions of greater than $1.1 billion worth of Multi-Residential real estate for these Funds comprising of over 10,500 units across 10 cities. Mr. Bizzarri is responsible for broker negotiations, underwriting, and structuring the financing for all Timbercreek multi-residential acquisitions. Prior to founding Timbercreek, Mr. Bizzarri was in Portfolio Management at Ontario Teachers’ Pension Plan Board (“OTPPB”) where he played a leadership role in the strategic planning, corporate transactions / restructuring and property acquisitions for the Real Estate Group of OTPPB. Mr. Bizzarri has been involved as a negotiator and manager in approximately $20 billion worth of real estate transactions in the last ten years. Mr. Bizzarri is a graduate of the Richard Ivey School of Business and is a Chartered Financial Analyst.

Andrew Jones , Chief Credit Officer

Andrew Jones is VP, Corporate Financing and Debt Origination of Timbercreek Asset Management Inc. Mr. Jones’ primary responsibilities include managing the Timbercreek Mortgage Investment Fund as well as originating and structuring debt and warehouse facilities for the Timbercreek Real Estate Funds. Prior to joining Timbercreek, Mr. Jones co-founded Canadian Mortgage Strategies & Investments (“CMSI”) a commercial mortgage brokerage firm with offices in Toronto, Montreal, Edmonton and Vancouver, that places approximately $800 million in mortgage capital annually. Mr. Jones also opened and managed the Toronto office of Canada ICI Commercial Mortgages before the company was sold to MCAP Inc. and held the positions of Vice-President, Finance at Residential Equities REIT and Vice-President Finance - Dundee Realty Corporation. Mr. Jones is also a Member of the Credit Committee for the Timbercreek Mortgage Investment Fund and was also a Trustee of Timbercreek REIT. Andrew is a graduate of the University of British Columbia and has worked in the commercial real estate and mortgage business for over 15 years.

Jeff Hutchison, CFA , Chief Operating Officer / Vice President, Asset Management

Jeff Hutchison is the COO and Vice-President, Asset Management of Timbercreek Asset Management Inc. His primary responsibilities include developing portfolio strategies, overseeing the performance of the individual assets and directing the operations of the management division. Mr. Hutchison has extensive experience with all aspects of investment management including corporate strategy, asset management and operations, acquisitions and dispositions and financing. From 2003 to 2006, Mr. Hutchison was Vice President, Corporate Development at Realstar Management Partnership (“Realstar”) where he was responsible for acquisitions and dispositions, asset management and financing. Prior to joining Realstar, Mr Hutchison was a Portfolio Manager at OTPPB / the Cadillac Fairview Corporation where he was a senior member of the Real Estate Group and held responsibility for corporate strategy and asset management. Mr. Hutchison graduated from the Queen’s University School of Business and is a Chartered Financial Analyst.

David Melo, CA, Vice President, Finance

David Melo joined the Advisor in November 2004, and is the Director of Financial Transactions. Mr. Melo’s responsibilities include overseeing the financial and taxation reporting and assisting with structuring new funds at Timbercreek Asset Management Inc. Mr. Melo also assists the acquisition team with closing on acquisitions and dispositions. Mr. Melo was formerly an Audit Manager at KPMG LLP in the Financial Institutions and Real Estate Audit Practice. During his time at the firm, he had the opportunity to audit private and public real estate companies and was involved in due diligence assignments with respect to client acquisitions and dispositions. Mr. Melo has a Bachelor of Commerce, Honours from McMaster University and holds the Chartered Accountant designation.

Carrie Morris, MBA, Vice President, Corporate Governance

Carrie Morris is the Vice President, Investor Relations and Corporate Governance of Timbercreek Asset Management Inc. Ms. Morris is also the acting Corporate Secretary Timbercreek Mortgage Investment Corp. and has also acted as Corporate Secretary for the Timbercreek REIT. Her primary responsibilities include coordinating all capital market activities including investor communications, trade settlements, marketing, and new Fund offerings. Ms. Morris is also responsible for corporate secretariat functions, corporate governance and for ensuring compliance with securities regulatory requirements. Ms. Morris holds a Masters of Business Administration from McMaster University.

Elizabeth Tulloch , CHRP, Director, Human Resources

Elizabeth Tulloch is the Director, Human Resources for Timbercreek Asset Management. Her primary responsibilities include planning, developing and implementing Human Resources policies and practices to support Timbercreek Asset Management’s strategies and objectives. Mrs. Tulloch is also responsible for employee relations, performance management, recruitment, training, compensation planning, benefits and change management initiatives. Prior to joining Timbercreek, Mrs. Tulloch worked for TD Bank Financial Group and held various Human Resources positions in Recruitment, Training, Executive Development, as a Generalist and Project Manager within Corporate Human Resources and TD Canada Trust. Mrs. Tulloch holds a Bachelor of Education from the University of Toronto, Bachelor of Arts, Honours from York University, Human Resources Management Certificate, Honours from Humber College and she holds a Human Resources Designation (CHRP) through the Human Resources Professional Association of Canada.

Capital Markets

R. Blair Tamblyn, Managing Director, Capital Markets

Blair Tamblyn is a founding partner, CEO and President of Timbercreek Asset Management Inc. Mr. Tamblyn is also Chairman of the Board for the Timbercreek Mortgage Investment Corp (TMC-T). and has served as President of Timbercreek REIT. Blair has over 14 years of experience working with the public and private capital markets and has led the origination, structuring, capitalization and execution of seven distinct Timbercreek Funds that currently manage approximately C$1.4 billion in assets. Prior to founding Timbercreek in 1999, Mr. Tamblyn worked with Connor, Clark & Company where he was licensed as a Securities Trader. Mr. Tamblyn is a graduate of the University of Western Ontario, and has completed Level I of the Chartered Financial Analyst Examination, and is a graduate of the Rotman School of Business Director Education Program.

Carrie Morris, MBA, Vice President, Capital markets / Investor Relations

Carrie Morris is the Vice President, Investor Relations and Corporate Governance of Timbercreek Asset Management Inc. Ms. Morris is also the acting Corporate Secretary for the Timbercreek Mortgage Investment Fund and also acted as corporate secretary for the Timbercreek REIT. Her primary responsibilities include coordinating all capital market activities including investor communications, trade settlements, marketing, and new Fund offerings. Ms. Morris is also responsible for corporate secretariat functions, corporate governance and for ensuring compliance with securities regulatory requirements. Ms. Morris holds a Masters of Business Administration from McMaster University.

Sanjay Junnarkar, Associate, Capital Markets

Sanjay Junnarkar started with Timbercreek in March 2009, and is currently working as an Associate in the Capital Markets group. His primary responsibilities include managing various capital market activities, which range from Investor Relations, Marketing, and Security Operations. Since Mr. Junnarkar has joined Timbercreek, he has assisted in raising over $100 million of capital through various Fund offerings. Prior to joining Timbercreek, Mr. Junnarkar worked for RBC Global Services/ RBC Dexia Institutional Investor Services in the security operations group. Mr. Junnarkar holds a Bachelor of Arts with a major in Economics from the University of Toronto.

Real Estate Investments

Ugo Bizzarri, CFA, Managing Director, Direct Real Estate

Ugo Bizzarri is a founding partner of Timbercreek Asset Management and holds the title of Chief Financial Officer, and Managing Director, Real Estate Investments. Mr. Bizzarri is also the Chief Financial Officer and Portfolio Manager for Timbercreek Mortgage Investment Corporation. Since the inception of the Timbercreek real estate funds in 2000, Mr. Bizzarri has directed the acquisitions of greater than $1.1 billion worth of Multi-Residential real estate for these Funds comprising of over 10,500 units across 10 cities. Mr. Bizzarri is responsible for broker negotiations, underwriting, and structuring the financing for all Timbercreek multi-residential acquisitions. Prior to founding Timbercreek, Mr. Bizzarri was in Portfolio Management at Ontario Teachers’ Pension Plan Board (“OTPPB”) where he played a leadership role in the strategic planning, corporate transactions / restructuring and property acquisitions for the Real Estate Group of OTPPB. Mr. Bizzarri has been involved as a negotiator and manager in approximately $20 billion worth of real estate transactions in the last ten years. Mr. Bizzarri is a graduate of the Richard Ivey School of Business and is a Chartered Financial Analyst.

Corrado Russo, Managing Director, Real Estate Securities

Corrado Russo is a managing Director of Timbercreek Asset Management where he is responsible for managing the Global Securities platform including the Timbercreek Global Real Estate Fund (TSX:TGF.UN). Mr. Russo has an extensive background in the investment management field, having held positions in portfolio management, equity research and direct real estate investments. Prior to joining Timbercreek, Mr. Russo was an Executive Director and portfolio manager of global real estate securities at Forum Securities Ltd. (2009-2011), a portfolio manager of global real estate securities for Citi Property Investors (2005-2009), a portfolio manager of general equities and income funds for Empire Life Financial (2004-2005), an analyst of real estate securities and general equities at Investors Group (2001-2004) and an assistant portfolio manager of direct real estate for Ontario Teacher’s Pension Plan Board (1997-2001). Mr. Russo has a long history with Timbercreek and its principals, beginning at Ontario Teachers Pension Plan Board, and Mr. Russo was Chairman of the Board of Trustees of Timbercreek Real Estate Investment Trust for six years until its sale in 2010. Mr. Russo holds an MBA from the Schulich School of Business at York University in Toronto and holds the Chartered Financial Analyst designation

Michael Tsourounis, Director, Real Estate Investments

Michael Tsourounis is Director, Real Estate for Timbercreek. His primary responsibilities include overseeing and co-ordinating the due diligence and analysis process relating to direct real estate investments. Mr. Tsourounis has worked at Timbercreek since 2007 and has been involved in the underwriting and acquisition of approximately $600 million of multi-family real estate. In addition, Mr. Tsourounis assists in financial analysis and modeling for the various Timbercreek Funds. Prior to joining Timbercreek, Mr. Tsourounis worked at GE Capital in Montreal in GE’s Financial Management Program. Mr. Tsourounis has a Bachelor of Commerce from Dalhousie University and is currently working towards Level II of the Chartered Financial Analyst designation.

Dave Smith, Analyst, Real Estate Investments

Dave Smith is an Analyst, Real Estate Investments. Mr. Smith joined Timbercreek in April 2010 and his primary responsibilities include underwriting acquisition opportunities and financial analysis for various Timbercreek Funds. Mr. Smith also assists in the due diligence process for direct real estate investments. Prior to joining Timbercreek, Mr. Smith worked for HSBC’s Real Estate Group in Toronto responsible for a construction and development lending portfolio. Mr. Smith has a Bachelor of Commerce from Dalhousie University and is currently enrolled for Level 1 of the Chartered Financial Analyst program.

Debt Investments / Financing

Andrew Jones, Managing Director, Debt Investments / Financing

Andrew Jones is Chief Credit Officer of Timbercreek Asset Management Inc. Mr. Jones’ primary responsibilities include managing the Timbercreek Mortgage Investment Fund as well as originating and structuring debt and warehouse facilities for the Timbercreek Real Estate Funds. Prior to joining Timbercreek, Mr. Jones co-founded Canadian Mortgage Strategies & Investments (“CMSI”) a commercial mortgage brokerage firm with offices in Toronto, Montreal, Edmonton and Vancouver, that places approximately $800 million in mortgage capital annually. Mr. Jones also opened and managed the Toronto office of Canada ICI Commercial Mortgages before the company was sold to MCAP Inc. and held the positions of Vice-President, Finance at Residential Equities REIT and Vice-President Finance - Dundee Realty Corporation. Mr. Jones is also a Member of the Credit Committee for the Timbercreek Mortgage Investment Corporation and was also a Trustee of Timbercreek REIT. Andrew is a graduate of the University of British Columbia and has worked in the commercial real estate and mortgage business for over 15 years.

Paul Jones, Director, Debt Investments / Financing

Paul is the Director, Debt Investments/Financing for Timbercreek. He is responsible for overseeing loan asset management, underwriting, closing and servicing functions for loans placed by Timbercreek on behalf of the various Timbercreek Funds. Prior to joining Timbercreek, Mr. Jones worked for Fortress Investment Group’s Special Loan Opportunities Fund in Toronto sourcing, structuring and underwriting opportunistic debt and equity real estate investments across Canada. Mr. Jones also worked with General Electric Capital’s Real Estate Group (“GE”) where he served as an Underwriter, Associate Director and Director for GE’s structured finance and CMBS lending programs and was directly involved in either underwriting, structuring or originating over $3 billion mortgage loans. Prior to working at GE, Mr. Jones worked as an analyst at Column Financial, Credit Suisse First Boston’s CMBS lending arm.

Karen Leeson, Director, Origination

Karen is Director, Origination for Timbercreek Asset Management and is responsible for overseeing origination and underwriting of mortgage loans arranged for Timbercreek Funds. Prior to joining Timbercreek, Ms. Leeson has been actively involved in all aspects of commercial mortgage financing through her tenure with lending institutions and mortgage brokerages in Ontario and Alberta for the past 25 years. Most recently Karen served for 7 years with Column Financial Canada as part of Credit Suisse’s Canadian CMBS program in Toronto. She began originally as Sr. Underwriter and then as Vice President primarily originating and structuring commercial real estate mortgage investments across Canada. Subsequent to this and over the previous 18 years, she was with Financial Trust, Metropolitan Trust followed by Canada ICI Mortgage Brokerage in Calgary overseeing commercial mortgage underwriting and administration.

Charles Lingren, Director, Debt Origination - Western Canada Region

Charles is the Director, Debt Origination for Western Canada Region for Timbercreek. His primary responsibilities include sourcing and structuring debt opportunities for Timbercreek Mortgage Investment Corp. Prior to joining Timbercreek, Mr. Lingren worked for Quest Capital Corp./Sprott Resource Lending Corp. underwriting and managing the real estate portfolio including special loans and monetizing the portfolio. Mr. Lingren also worked at PenCor Capital as a Mortgage Officer managing a real estate portfolio for three pension funds and some private investors based in Vancouver, BC with a portfolio around $400MLN. To date, Charles has been involved in approximately $750MLN of Mortgage Investment transaction.

Kristen Joe, Mortgage Analyst, Debt Investment / Financing

Kristen Joe is the Mortgage Analyst for Timbercreek Asset Management Inc. Her primary responsibilities include real estate underwriting, loan asset management, and research for loans placed by Timbercreek on behalf of the various Timbercreek Funds. Prior to joining Timbercreek, Ms. Joe worked for DTZ Barnicke Limited as an Analyst, where she performed numerous valuations on commercial real estate and created various marketing and research materials. Ms. Joe has a Bachelor of Commerce from Ryerson University and is a Level II candidate for the Chartered Financial Analyst (CFA) program.

Laura Wheller, Mortgage Administrator, Debt Investments/Financing

Laura Wheller joined Timbercreek in March of 2010 as a Mortgage Administrator, Debt Investments/Financing. Mrs. Wheller is primarily responsible for servicing and administering loans placed by Timbercreek. Prior to joining Timbercreek she worked as a Commercial Mortgage Funding Officer for First National Financial Corporation and previous to this as a Commercial Mortgage Funding Officer and Business Analyst for MCAP Financial Corporation. Mrs. Wheller has been working in the commercial real estate and mortgage financing business for over 10 years.

Kim Casey , Mortgage Administrator, Debt Investments / Financing

Kim Casey joined Timbercreek in December of 2010 as a Mortgage Administrator, Debt Investments/Financing. Ms. Casey's primary responsibilities include funding and servicing loans placed by Timbercreek. Prior to joining Timbercreek, she worked as a Commercial Mortgage Funder for First National Financial Corporation and MCAP Financial Corporation. Ms. Casey holds a Bachelor of Arts in Criminology with a concentration in Law at Carleton University. She also holds a Legal Assistant Diploma and Law Clerk Certificate in Real Estate and Estates.

Jeremiah Tonn, Mortgage Associate, Debt Investments / Financing

Jeremiah is a Mortgage Associate, Debt Investment/Financing for Timbercreek. His primary responsibilities include underwriting, loan asset management, and research for loans placed by Timbercreek on behalf of the various Timbercreek funds. Prior to Timbercreek, Jeremiah was a Senior Consultant at The Claro Group, LLC in Chicago, Illinois. Mr. Tonn has a Bachelor of Science in Finance from DePaul University and has passed Level II of the Chartered Financial Analyst (CFA) Program.

Real Estate Operations/Development

Jeff Hutchison, CFA, Managing Director, Real Estate Operations / Development

Jeff Hutchison is the COO and Vice-President, Asset Management of Timbercreek Asset Management Inc. His primary responsibilities include developing portfolio strategies, overseeing the performance of the individual assets and directing the operations of the management division. Mr. Hutchison has extensive experience with all aspects of investment management including corporate strategy, asset management and operations, acquisitions and dispositions and financing. From 2003 to 2006, Mr. Hutchison was Vice President, Corporate Development at Realstar Management Partnership (“Realstar”) where he was responsible for acquisitions and dispositions, asset management and financing. Prior to joining Realstar, Mr Hutchison was a Portfolio Manager at OTPPB / the Cadillac Fairview Corporation where he was a Senior Member of the Real Estate Group and held responsibility for corporate strategy and asset management. Mr. Hutchison graduated from Queen’s University School of Business and is a Chartered Financial Analyst.

John Sirilas, Vice President, Development

John Sirilas joined Timbercreek in 2002 as Vice President, Operations. In this capacity he was responsible for the day to day operation of all assets and oversaw growth of the portfolio from less than 1000 to over 5000 suites. In 2007 Mr. Sirilas was appointed Vice President, Development where he is currently managing the capital planning department including the planning, budgeting and management of major capital improvement and value-add projects portfolio wide. In this role, Mr. Sirilas also supports the due diligence process for all acquisitions and dispositions of Real Estate assets. His involvement includes managing the physical, environmental, operational and capital analysis to ensure that all potential transactions fit within the investment parameters of the Timbercreek real estate Funds. Prior to joining Timbercreek, Mr. Sirilas was a Regional Prosecutor in the regional municipalities of York and Peel from 1997 – 2002.

Paul Popovici, Analyst, Real Estate Operations / Development

Paul Popovici joined Timbercreek in September 2009 and is currently working as an Analyst, Real Estate Management. His primary responsibilities include assessing and developing various portfolio strategies, evaluating and improving investment performance and analyzing capital investment initiatives. Previously, Paul was a Senior Analyst in Scotiabank’s Real Estate Group, where he was responsible for asset management and investment analysis. Paul graduated from York University’s Schulich School of Business, and is currently pursuing Level 2 of the CFA designation.

Doug Geldart , Capital Manager, Operations

Doug Geldart joined Timbercreek in July 2010 as a Capital Manager where he is currently responsible for all capital improvement and value-added projects for the Eastern Canada portfolio, as well as being involved with due diligence activities for new acquisitions. Prior to joining Timbercreek, Mr Geldart worked for over 13 years in a variety of private and public property management companies, and has 14 years of extensive experience as senior project manager in several architectural and engineering firms overseeing large scale construction and rehabilitation projects in the residential, institutional and commercial sectors. Mr Geldart is a licenced Professional Architect (OAA)

Eli Miller, Capital Manager, Operations

Eli Miller joined Timbercreek in June 2010 as a Capital Manager where he is currently managing all aspects of major capital improvement and value-add projects relating to the repositioning of new assets. Prior to joining Timbercreek, Mr. Miller worked in various project delivery and management positions with Defence Construction Canada and SNC Lavalin between 2003 and 2010 focusing on large construction and energy performance. Mr. Miller is a LEED Accredited Professional, Project Management Professional (PMP) and licensed Professional Engineer (PEO).

Kiel Wilson , Project Manager, PMP

Kiel Wilson joined Timbercreek in 2010 as a Project Manager. In this role he is planning and managing major capital improvement and value-add projects primarily in the Western Canada portfolio. Prior to joining Timbercreek, Mr. Wilson was the Operations Manager for Defence Construction Canada’s Toronto Office, where he was deployed to Jamaica and Afghanistan in support of the Canadian Forces. Mr. Wilson graduated from the University of Toronto with a degree in Civil Engineering, is a Project Management Professional, and is pursuing his Professional Engineer designation.

Marketing

Connie Pappas, Marketing Coordinator

Connie Pappas joined Timbercreek in May 2010 as Marketing Coordinator. Her primary responsibilities include overseeing the implementation and monitoring of web-based initiatives, the development of marketing collateral and communication, as well as resident relations. Prior to joining Timbercreek, Ms. Pappas worked in marketing and communications in the print industry as well as in communications and special events in the not-for-profit sector. Ms. Pappas is a graduate of Ryerson University where she obtained a Bachelor of Arts & Contemporary Studies with a minor in marketing. She also holds a post-graduate diploma in Corporate Communications and Public Relations from Centennial College.

Accounting

Shelly Lee, Accounting Manager, CA maCC

Shelly Lee joined Timbercreek in April 2009, and is the Accounting Manager. Ms. Lee oversees the day-to-day activities and operations of accounting group and her responsibilities include financial reporting, compliance and internal control. Ms. Lee was formerly an Audit Senior at KPMG LLP in the Financial Institutions and Real Estate Audit Practice. During her time at the firm, she had the opportunity to audit private and public real estate companies, major financial institutions, and also to be involved with due diligence engagements . Ms. Lee has a Bachelor of Arts, Honours and Master of Accounting from University of Waterloo and holds the Chartered Accountant designation.

Contact Us:

Timbercreek Asset Management
1000 Yonge Street, Suite 500, Toronto, Ontario, Canada M4W 2K2

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