December 16, 2009.  LONDON,ONT.  – Timbercreek Asset Managment Inc. (“Timbercreek”) is pleased to announce that, on behalf of one of its institutional accounts, ithas completed the acquisition of a multi-residential asset in London, Ontario consisting of 46 units for a total consideration of $3.1 million (the “Acquisition”).  The Acquisition brings the total portfolio of multi-residential real estate managed by Timbercreek Asset Management Inc (“TAMI”) to approximately 8,300 units with approximately 2,200 units located in London,Ontario.

As the Fund’s General Partner, TRESCORE takes the role as an institutionally funded portfolio of stabilized, multi-residential assets focused on creating value through careful asset selection and active management.  Whereas, TAMI is mandated to source assets, the values of which have been impaired by prior mismanagement,economic dislocation and other market inefficiencies, TRESCORE targets the investment opportunities that differ from TAMI, in that are already established as successful and profitable.

Timbercreek Asset ManagementInc. (“TAMI”) is one of Canada’s fastest growing alternative asset class investment managers. TAMI has a value oriented investment philosophy with anactive management style, and specializes in providing conservatively managed,risk adverse investment opportunities to institutions, trusts and endowment funds, discretionary investment advisors and qualified individuals. TAMI currently manages approximately $1 billion in assets through its five active funds, predominately focused in the real estate sector. TAMI believes that attractive investment returns are achieved by directly controlling the management of investments and has therefore established a full service property management platform to internally manage all direct real estate investments made through its funds.