Real Estate

About the Fund

Timbercreek REIT is an unincorporated, open-end investment trust which was formed to capitalize on under-performing, multi-family residential real estate in North America. The corner stone of the Fund's investment philosophy is to deliver long-term value to investors while providing a steady stream of predictable income and preserving investors' capital. Timbercreek REIT currently owns approximately 5,100 multi-residential units across 8 Canadian cities.

History

The first Timbercreek Fund, Timbercreek Investments Inc., was formed in May 1999 to capitalize on investment opportunities in multi-family residential real estate in Canada. Timbercreek REIT was formed in December 2004 to co-invest with Timbercreek Investments Inc. in multi-family real estate using a more simplified, tax efficient structure. In December, 2007, Timbercreek Investments Inc. was amalgamated with Timbercreek REIT to create one entity with approximately $400 million in assets.

Key Facts

Structure Private, Unincorporated, Open-end Investment Trust
Security REIT Units
Cash Distribution Targeting 8% annually, distributed quarterly (15 days following quarter end)
Capital Gain Targeting 2% annually; NAV calculated quarterly
Liquidity Redeemable monthly
Hurdle Rate 6.5%
Performance Fee 25% carried interest over Hurdle Rate
Fiscal Year End December 31,  audited annually by KPMG

 

Contact Us:

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