June 05, 2010 MONTREAL,QC– Timbercreek Asset Management (“TAMI”) is pleased to announce that onbehalf of one of itsinstitutional accounts, it has completed the acquisition ofMosaique in Montreal, Quebec (“The Acquisition”). The building is well locatedat 345 de la Gauchetiere and is comprised of 152 suites for a totalconsideration of $32.3 million. The acquisition of Mosaique brings the totalportfolio of multi-residential real estate managed by TAMI to approximately9000 units.

As the Fund’s General Partner, TRESCORE takes the role as aninstitutionally funded portfolio of stabilized, multi-residential assetsfocused on creating value through careful asset selection and activemanagement.  Whereas, TAMI is mandated to source assets, the values ofwhich have been impaired by prior mismanagement, economic dislocation and othermarket inefficiencies, TRESCORE targets the investment opportunities thatdiffer from TAMI, in that are already established as successful and profitable.

Timbercreek is a specialized investment manager focused onreal estate and other alternative asset classes. Timbercreek has a valueoriented philosophy and active management style, and specializes in providingconservatively managed, risk adverse investment opportunities to institutions,trusts and endowment funds, discretionary investment advisors and qualifiedindividuals. Timbercreek currently manages approximately $1.2 billion throughits six active funds, predominately focused in the real estate sector.Timbercreek believes that attractive investment returns are achieved bydirectly controlling the management of investments and has thereforeestablished a full service property management platform to internally manageall direct real estate investments made through its funds. 

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