November 27, 2009.  MONTREAL,QC.  – Timbercreek Timbercreek Asset Managment Inc. (“Timbercreek”) ispleased to announce that, on behalf of one of its institutional accounts, ithas completed the acquisition of a multi-residential building in Montreal,Quebec consisting of 160 units for a total consideration of $22.3 million (the“Acquisition”).  The Acquisition brings the total portfolio ofmulti-residential real estate managed by Timbercreek to approximately 8200units with approximately 1600 units located in Montreal.

The institutional accountbenefiting from the Acquisition is focused on building a portfolio ofstabilized, multi-residential real estate and has engaged Timbercreek toprovide both asset and property management services for the portfolio. 

Timbercreek is a specializedinvestment manager focused on real estate and other alternative asset classes.Timbercreek has a value oriented investment philosophy with an activemanagement style, and specializes in providing conservatively managed, riskadverse investment opportunities to institutions, trusts and endowment funds,discretionary investment advisors and qualified individuals. Timbercreekcurrently manages approximately $830 million in assets through its four activefunds, predominately focused in the real estate sector. Timbercreek believes that attractive investmentreturns are achieved by directly controlling the management of investments andhas therefore established a full service property management platform tointernally manage all direct real estate investments made through itsfunds.   

For more information,contact:

Timbercreek Asset ManagementInc.

Carrie Morris

416-306-9967 x250

cmorris@timbercreekfunds.com