Timbercreek Asset Management Timbercreek Asset Management

Timbercreek Global Real Estate Fund Raises $61.7 Million in Initial Public Offering

Thu, 26 Aug 2010 10:24:00 -0400

TORONTO, Aug. 26/CNW/ - Timbercreek Global Real Estate Fund (the "Fund") announced today that it has completed its initial public offering of 4,214,126 class A units and 211,777 class B units (the "Prospectus Offering") and its private placement of 723,517 Class I units (the "Private Placement") for aggregate gross proceeds of $61,793,040. The class A and B units were offered to the public by a syndicate of agents co-led by BMO Capital Markets and Raymond James Ltd., and including CIBC, Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., Scotia Capital Inc., Manulife Securities Incorporated, HSBC Securities (Canada) Inc.,Canaccord Genuity Corp., GMP Securities L.P. and M Partners Inc.

The Fund, which is a new investment fund formed under the laws of the Province of Ontario and which is managed by Timbercreek Asset Management Inc.,was established to invest in a globally diversified portfolio (the"Portfolio") of premier real estate securities including common equity, preferred shares and debt of both public and private real estate investment trusts and real estate companies in Canada, United States, United Kingdom,Continental Europe, Japan, Australia, Hong Kong and other countries. The Manager has engaged FSX Securities Canada Inc. (the "Global Investment Advisor") to provide portfolio management services to the Fund. Through the Manager's partnership with the Global Investment Advisor, the Fund will be supported by a team of real estate analysts based in Toronto, New York, London and Hong Kong that are strictly dedicated to analyzing and investing in real estate securities.

The Fund's investment objectives are to provide holders of Units ("Unitholders") with quarterly distributions initially targeted to be $0.21 per Unit ($0.84 per annum representing an annual cash distribution of 7.0% based on the $12.00 per Unit issue price); and preserve capital while providing the opportunity for long-term capital appreciation for Unitholders.

The Manager believes there is a compelling investment opportunity to invest in a globally diversified portfolio (the "Portfolio") of premier real estate securities that exists because the global real estate securities market is inefficient relative to that of the direct real estate or broader equities markets. Managed by a specialized real estate manager, the Fund's unique investment strategy has been designed to capitalize on these pricing inefficiencies in order to deliver a stable income stream that can be acquired at a price that the Manager believes does not reflect the long-term value of the underlying assets. Furthermore, Global Investment Advisor believes that the current volatility in global equity markets provides the Fund with the rare opportunity to assemble a global portfolio of prime real estate securities at prices that generate attractive, stable yields with the potential for capital appreciation.

The Manager, a wholly owned subsidiary of Timbercreek Asset Management Inc.("Timbercreek"), is an investment management company that employs a conservative and risk-averse approach to real estate-based investments. The Manager and its affiliates currently manage approximately $1.1billion in real estate-related assets, including direct ownership and mortgages.

The Global Investment Advisor is a wholly-owned subsidiary of Forum Securities Limited ("Forum Securities"), which is an affiliate of Forum Partners Investment Management LLC ("Forum Partners"). Forum Securities provides a platform for investment in global public real estate securities with over $500 million in assets under management. Since inception, Forum Securities has demonstrated the ability to continually beat its benchmark while employing similar investment strategies to the Fund. On June 30, 2009, the Global Real Estate Securities team at Citi joined Forum Partners and created Forum Securities.

Forum Partners provides real estate related private equity investment opportunities for large institutional clients on a global basis with over $2 billion currently under management. Forum Partners and Forum Securities have 70 employees in eight offices across Asia, Europe and North America with 13 employees dedicated to global real estate securities analysis.

All capitalized terms noted herein and not defined are as per the prospectus dated August 5, 2010.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of the Fund in the United States.

%SEDAR: 00030070E

For further information: Timbercreek Asset Management Inc., Carrie Morris, Vice- President, InvestorRelations & Corporate Governance, 416-306-9967 x250, cmorris@timbercreekfunds.com <_o3a_p>

Sale of All Outstanding Units of Timbercreek Real Estate Investment to Restier LP Closes

Wed, 25 Aug 2010 15:45:00 -0400

TORONTO, Aug. 25/CNW/ - Timbercreek Asset Management Inc. ("Timbercreek") announcedthat the sale of all of the outstanding units of the Timbercreek Real EstateInvestment Trust ("TREIT") to Restier LP was completed yesterday. Theunits were purchased pursuant to the previously announced Plan of Arrangementfor an aggregate net cash payment of $182,715,328.60,equivalent to a gross price of $14.45 per unit.

"The TREIT portfolio has exceeded its investment objective ofgenerating an annual yield of eight percent since its inception in 2004,"said Blair Tamblyn, President and CEO ofTimbercreek. "As well, steady growth in the underlying value of the assetscombined with Restier's offer of a 15 percent premium over the most recent toTREIT net asset value, has meant that unitholders have received significantvalue. The predictability of cash flow generated by the asset class continuesto attract increasing institutional interest. Institutional investors typicallyhave different investment objectives and criteria than broader-based retailinvestors do. We anticipate that Timbercreek will continue take advantage ofopportunities in the market to build institutional-quality real estateportfolios going forward."

The TREIT's assets consist of 5,112 units in 67 mid-size to large apartmentbuildings in eight Canadian cities. The assets will continue to be managed byTimbercreek on behalf of Restier. Including the TREIT portfolio, Timbercreekcurrently manages over 10,000 units in Ontario, Quebecand Nova Scotia.

About Timbercreek Asset Management

Timbercreek Asset Management Inc. is a specialized investment managerfocused on real estate and other alternative asset classes. Timbercreek wasfounded in 1999 and now manages approximately $1.2 billionin assets through its six private and public funds invested both in direct realestate (primarily multi-residential) and in mortgage debt.

%SEDAR: 00030070E

For further information: Timbercreek Asset Management Inc., Carrie Morris,Investor Relations, 416.306.9967 x250, cmorris@timbercreekfunds.com

Anticipated Closing of IPO and Private Placement of Timbercreek Global Real Estate Fund

Wed, 25 Aug 2010 09:00:00 -0400

TORONTO, Aug. 24 /CNW/ - Timbercreek Asset Management Ltd. (the "Manager"), on behalf of Timbercreek Global Real Estate Fund (the "Fund"), announces that it expects to close its initial public offering ("IPO") of units of the Fund with total gross proceeds of approximately $50 million on August 26, 2010. The Fund filed a final prospectus dated August 5, 2010 with Canadian securities regulatory authorities in each of the provinces of Canada, and a receipt therefor has been issued. The prospectus qualifies the distribution (the "Offering") of class A units and class B units of the Fund (collectively, the "Units") at $12 per Unit. The syndicate of agents is co-led by BMO Nesbitt Burns and Raymond James Ltd., and includes CIBC, Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., Scotia Capital Inc., Manulife Securities Incorporated, HSBC Securities (Canada) Inc., Canaccord Genuity Corp., GMP Securities L.P. and M Partners Inc.

The Fund expects that of the approximately $50 million of IPO gross proceeds, approximately $8.7 million will be class I units issued on a private placement basis (approximately 725,000 class I units), of which approximately 127,651 will be held by insiders of the Fund, representing approximately 3.8% of the class A units. Class I units will automatically convert to class B units on the first business day after four months from the date of issuance. Class B units are exchangeable into class A units at the option of the holder.

The Fund, an investment fund formed under the laws of the Province of Ontario and which is managed by the Manager, was established to invest in a globally diversified portfolio of premier real estate securities including common equity, preferred shares and debt of both public and private real estate investment trusts and real estate companies in Canada, United States, United Kingdom, Continental Europe, Japan, Australia, Hong Kong and other countries. The Manager has engaged FSX Securities Canada Inc. (the "Global Investment Advisor") to provide portfolio management services to the Fund. Through the Manager's partnership with the Global Investment Advisor, the Fund will be supported by a team of real estate analysts based in Toronto, New York, London and Hong Kong that are strictly dedicated to analyzing and investing in real estate securities.

The Manager believes there is a compelling investment opportunity to invest in a globally diversified portfolio of premier real estate securities that exists because the global real estate securities market is inefficient relative to that of the direct real estate or broader equities markets. Managed by a specialized real estate manager, the Fund's unique investment strategy has been designed to capitalize on these pricing inefficiencies in order to deliver a stable income stream that can be acquired at a price that the Manager believes does not reflect the long-term value of the underlying assets. Furthermore, the Global Investment Advisor believes that the current volatility in global equity markets provides the Fund with the rare opportunity to assemble a global portfolio of prime real estate securities at prices that generate attractive, stable yields with the potential for capital appreciation.

The Manager, a wholly owned subsidiary of Timbercreek Asset Management Inc., is an investment management company that employs a conservative and risk-averse approach to real estate-based investments. The Manager and its affiliates currently manage approximately $1.1 billion in real estate-related assets, including direct ownership and mortgages.

The Global Investment Advisor is a wholly-owned subsidiary of Forum Securities Limited ("Forum Securities"), which is an affiliate of Forum Partners Investment Management LLC ("Forum Partners"). Forum Securities provides a platform for investment in global public real estate securities with over $500 million in assets under management. Since inception, Forum Securities has demonstrated the ability to continually beat its benchmark while employing similar investment strategies to the Fund. Forum Partners provides real estate related private equity investment opportunities for large institutional clients on a global basis with over $2 billion currently under management.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Fund. The forward-looking statements are not historical facts but reflect the Manager's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Manager believes that the assumptions inherent in the forward-looking statements are reasonable, forward looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Manager undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

This Offering is only made by a prospectus dated August 5, 2010. The prospectus contains important information relating to these securities. Copies of the prospectus may be obtained from any of the Agents. Investors should read the prospectus before making an investment decision.

All capital terms noted herein but not defined are as per the prospectus dated August 5, 2010.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of the Fund in the United States.

%SEDAR: 00026881E

Timbercreek in the News - Globe and Mail

Wed, 18 Aug 2010 19:00:00 -0400

Timbercreek REIT sold to private equity investors

$182-million sale latest in a string of deals in apartment sector

Steve Ladurantaye Real Estate Reporter

From Thursday's Globe and MailPublished on Wednesday, Aug. 18, 2010 7:00PM EDTLast updated on Wednesday, Aug. 18, 2010 7:02PM EDT

Private equity investors have snapped up one of the largest blocks of privately owned apartment buildings in Canada after its owners decided not to test the public market’s appetite for another real estate offering.

The $182-million sale of Timbercreek Real Estate Investment Trust is the latest in a string of deals in the apartment sector, a traditionally quiet segment of the commercial real estate market where returns are steady and predictable, but cash yields are thin.

Apartment buildings – there are about 100,000 in Canada – have attracted interest from buyers from as far away as Kuwait, largely because they held their value through the recession at a time when other types of real estate, such as office buildings and shopping centres, saw prices drop.

That stability is in part because apartment owners were able to access new debt inexpensively through Canada Mortgage and Housing Corp. – meaning they were able to refinance during the credit crisis, preventing fire sales at a time when other property owners found debt markets completely closed.

“This is an asset class that is clearly drawing attention from around the globe,” said Dennis Mitchell, vice-president and senior portfolio manager at Sentry Investments. “And if you look at the real estate companies that really knocked it out of the park this earnings season, many of them were multiresidential REITs.”

All of the units in privately held Timbercreek – which owns 5,112 units in 62 buildings in Manitoba, Ontario, Quebec and Nova Scotia – were tendered to a partnership led by Regina-based asset manager Greystone Managed Investments Inc. The price is a 15-per-cent premium to the REIT’s net asset value. Timbercreek will continue to manage the buildings.

Greystone had $31.9-billion under management before the deal, about $4.4-billion of that in real estate.

While large private and institutional investors are keen to own apartment buildings, RBC Dominion Securities analyst Neil Downey said it’s often not worth their time to buy them one at a time. So when a large portfolio is put into play, there is a high degree of interest.

“Buildings can be tricky for large funds because a lot depends on management, and when you buy buildings sometimes you need to make some investments,” he said. “But the flip side is if there is an opportunity to buy something that has already been aggregated [into a large portfolio], there is some real value for you there as a buyer.”

It’s been a difficult year for initial public offerings of all sorts. TransGlobe Apartment REIT raised $247-million in its IPO, but its units have traded sideways since their May debut and are down 10 cents from their initial price of $10.

Several planned offerings have shelved until conditions improve. Porter Airlines pulled its plan this summer, while ING Real opted to sell its portfolio of industrial properties rather than spin them out in an IPO and risk an unreceptive welcome on Bay Street.

Timbercreek chief executive officer Blair Tamblyn said the sale was under consideration since last year, when the board decided it would be increasingly difficult to achieve its goal of 8 per cent returns because more investors were crowding into the apartment sector.

Timbercreek Real Estate Investment Trust Unitholders Approve Sale of All Outstanding Units of the Fund

Wed, 18 Aug 2010 15:30:00 -0400

<_o3a_smarttagtype name="City" namespaceuri="urn:schemas-microsoft-com:office:smarttags"> <_o3a_smarttagtype name="place" namespaceuri="urn:schemas-microsoft-com:office:smarttags">

<_st13a_place _w3a_st="on"><_st13a_city _w3a_st="on">TORONTO, Aug. 18, 2010 – Timbercreek Real Estate Investment Trust (“the Fund”) announced that unitholders approved an arrangement agreement to purchase all of the outstanding units of the Fund at the Annual and Special Meeting held earlier today. Unitholders who are not “Interested Unitholders” representing approximately 3.58 million units, or 95% of units voted at the meeting, voted in favour of the special resolution.<_o3a_p>

The units will be acquired by means of a Plan of Arrangement by the Restier Limited Partnership in exchange for an aggregate net cash payment of $182,715,328.65. This is equivalent to a gross price of $14.45 per unit, and represents an approximate 15 percent premium over the Net Asset Value of the Units on March 31, 2010, the last quarter end before the announcement of the acquisition proposal. <_o3a_p>

“We are pleased to have been able to deliver this significant value to unitholders,” said Blair Tamblyn, CEO of the Fund. “This acquisition validates our strategy of investing in multi-family residential real estate for its ability to deliver stable and reliable cash distributions as well as capital appreciation.”<_o3a_p>

The transaction is expected to close on or about August 24, 2010. In order for unitholders to receive payment for their units, they should complete and return the Letter of Transmittal included in their meeting package. Unitholders can request an additional copy by calling 416-306-9967 x250 or by emailing inquiries@timbercreekfunds.com.<_o3a_p>

<_o3a_p>

About the Fund <_o3a_p>

Timbercreek Real Estate Investment Trust is a private, open-end investment trust established in order to capitalize on underperforming, multi-residential real estate opportunities in Canada since 2004. The objective of the Fund is to maximize long-term results while providing a steady stream of inflation-hedged income and preserving investors' capital. The Fund is directly invested in a portfolio of well diversified income producing, multi-residential real estate consisting of 5,575 residential suites located across seven Canadian central metropolitan areas including Ottawa, Ontario; London, Ontario; St. Catharines, Ontario; Aurora, Ontario; Windsor, Ontario; Montreal, Quebec and Halifax, Nova Scotia.<_o3a_p>

For more information contact:<_o3a_p>

Timbercreek Asset Management Inc.<_o3a_p>

Carrie Morris<_o3a_p>

Investor Relations<_o3a_p>

416.306.9967 x250<_o3a_p>

cmorris@timbercreekfunds.com<_o3a_p>

Timbercreek Launches Global Real Estate Fund

Mon, 09 Aug 2010 12:00:00 -0400

TORONTO, Aug. 9 /CNW/ - Timbercreek Asset Management Ltd. (the "Manager"), on behalf of Timbercreek Global Real Estate Fund (the "Fund"), is pleased to announce the exchange ratios for the securities that were deposited under the exchange offer of the Fund ("the Exchange Option") described in the Fund's final prospectus dated August 5, 2010 providing for the Fund's initial public offering which is scheduled to close on August 26, 2010.

The number of Units issuable in exchange for the securities of an Exchange Eligible Issuer (the "Exchange Ratio") deposited by a prospective purchaser pursuant to the Exchange Option, was determined by dividing the volume weighted average trading price of such securities on the Toronto Stock Exchange (the "TSX") during the five consecutive trading days ending on August 6, 2010 (the "Pricing Period"), as adjusted to reflect distributions declared by any Exchange Eligible Issuer that will not be received by the Fund, by $12.00.

The following table specifies for each of the Eligible Securities that have been deposited prior to the July 22, 2010 deadline: i) the name of the issuer; ii) the trading symbol; iii) the ISIN; iv) the volume weighted average trading price during the Pricing Period as adjusted; and v) the Exchange Ratio.

The Exchange Ratios were rounded to four decimal places.

    -------------------------------------------------------------------------
 
                                                                    Exchange
                                                                    --------
       Exchange Issuer        Symbol      ISIN       5 Day VWAP       Ratio
       ---------------        ------      ----       ----------       -----
 
    -------------------------------------------------------------------------
    Allied Properties REIT    AP-U    CA0194561027      20.3177       1.6931
    -------------------------------------------------------------------------
    ARC Energy Trust-Units    AET-U   CA0019861081      20.1191       1.6766
    -------------------------------------------------------------------------
    Bell Aliant Regional
     Communications           BA-U    CA07786J1030      25.5744       2.1312
    -------------------------------------------------------------------------
    BoNAVista Energy Trust    BNP-U   CA0985361058      23.5481       1.9623
    -------------------------------------------------------------------------
    Brookfield Properties
     Corp                     BPO     CA1129001055      15.5403       1.2950
    -------------------------------------------------------------------------
    Crescent Point Energy
     Corp                     CPG     CA22576C1014      38.0273       3.1689
    -------------------------------------------------------------------------
    First Capital Realty      FCR     CA31943B1004      14.2173       1.1848
    -------------------------------------------------------------------------
    H&R REIT                  HR-U    CA4044282032      18.0989       1.5082
    -------------------------------------------------------------------------
    Pengrowth Energy Trust    PGF-U   CA7069025095      10.0115       0.8343
    -------------------------------------------------------------------------
    Riocan REIT               REI-U   CA7669101031      20.5156       1.7096
    -------------------------------------------------------------------------
    Superior Plus Corp        SPB     CA86828P1036      12.8063       1.0672
    -------------------------------------------------------------------------
    Trilogy Energy Corp       TET     CA89620H1055      10.3562       0.8630
    -------------------------------------------------------------------------
    Vermilion Energy Trust    VET-U   CA9237281097      33.0031       2.7503
    -------------------------------------------------------------------------

A purchaser may rescind its purchase of Units hereunder by a written notice of rescission which must be received by the CDS Participant who effected such deposit on or before midnight on August 17, 2010.

The syndicate of agents is co-led by BMO Nesbitt Burns and Raymond James Ltd., and includes CIBC World Markets Inc., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., Scotia Capital Inc., Manulife Securities Incorporated, HSBC Securities (Canada) Inc., Canaccord Genuity Corp., GMP Securities L.P. and M Partners Inc.

This offering is only made by a prospectus dated August 5, 2010. The prospectus contains important information relating to these securities. Copies of the prospectus may be obtained from any of the Agents. Investors should read the prospectus before making an investment decision.

All capital terms noted herein but not defined are as per the prospectus dated August 5, 2010.

For further information: Timbercreek Asset Management Inc., Carrie Morris, Vice-President, Investor Relations & Corporate Governance, 416-306-9967 x250, cmorris@timbercreekfunds.com

Timbercreek Launches Global Real Estate Fund

Fri, 06 Aug 2010 14:30:00 -0400

TORONTO – August 6, 2010– Timbercreek Asset Management Ltd. (the “Manager”), on behalf of Timbercreek Global Real Estate Fund (the “Fund”), has filed a final prospectus dated August 5, 2010 with Canadian securities regulatory authorities in each of the provinces of Canada, and a receipt therefore has been issued. The prospectus qualifies the distribution (the “Offering”) of class A units and class B units of the Fund (collectively, the “Units”). The Offering is scheduled to close on August 26, 2010. The syndicate of agents is co-led by BMO Nesbitt Burns and Raymond James Ltd., and includes CIBC World Markets Inc., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., Scotia Capital Inc., Manulife Securities Incorporated, HSBC Securities (Canada) Inc., Canaccord Genuity Corp., GMP Securities L.P. and M Partners Inc.

The Fund, an investment fund formed under the laws of the Province of Ontario and which is managed by the Manager, was established to invest in a globally diversified portfolio of premier real estate securities including common equity, preferred shares and debt of both public and private real estate investment trusts and real estate companies in Canada, United States, United Kingdom, Continental Europe, Japan, Australia, Hong Kong and other countries. The Manager has engaged FSX Securities Canada Inc. (the “Global Investment Advisor”) to provide portfolio management services to the Fund. Through the Manager’s partnership with the Global Investment Advisor, the Fund will be supported by a team of real estate analysts based in Toronto, New York, London and Hong Kong that are strictly dedicated to analyzing and investing in real estate securities.

The Fund’s investment objectives are to provide holders of Units (“Unitholders”) with quarterly distributions initially targeted to be $0.21 per Unit ($0.84 per annum representing an annual cash distribution of 7.0% based on the $12.00 per Unit issue price); and preserve capital while providing the opportunity for long-term capital appreciation for Unitholders.

The Manager believes there is a compelling investment opportunity to invest in a globally diversified portfolio of premier real estate securities that exists because the global real estate securities market is inefficient relative to that of the direct real estate or broader equities markets. Managed by a specialized real estate manager, the Fund’s unique investment strategy has been designed to capitalize on these pricing inefficiencies in order to deliver a stable income stream that can be acquired at a price that the Manager believes does not reflect the long-term value of the underlying assets. Furthermore, the Global Investment Advisor believes that the current volatility in global equity markets provides the Fund with the rare opportunity to assemble a global portfolio of prime real estate securities at prices that generate attractive, stable yields with the potential for capital appreciation.

The Manager, a wholly owned subsidiary of Timbercreek Asset Management Inc., is an investment management company that employs a conservative and risk-averse approach to real estate-based investments. The Manager and its affiliates currently manage approximately $1.1 billion in real estate-related assets, including direct ownership and mortgages.

The Global Investment Advisor is a wholly-owned subsidiary of Forum Securities Limited (“Forum Securities”), which is an affiliate of Forum Partners Investment Management LLC (“Forum Partners”). Forum Securities provides a platform for investment in global public real estate securities with over $500 million in assets under management. Since inception, Forum Securities has demonstrated the ability to continually beat its benchmark while employing similar investment strategies to the Fund. Forum Partners provides real estate related private equity investment opportunities for large institutional clients on a global basis with over $2 billion currently under management.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Fund. The forward-looking statements are not historical facts but reflect the Manager’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Manager believes that the assumptions inherent in the forward-looking statements are reasonable, forward looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Manager undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

This offering is only made by a prospectus dated August 5, 2010. The prospectus contains important information relating to these securities. Copies of the prospectus may be obtained from any of the Agents. Investors should read the prospectus before making an investment decision.

All capital terms noted herein but not defined are as per the prospectus dated August 5, 2010.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities of the Fund in the United States.

For more information, contact:
Timbercreek Asset Management Inc.
Carrie Morris
Vice- President, Investor Relations & Corporate Governance
416-306-9967 x250
cmorris@timbercreekfunds.com

Timbercreek Real Estate Investment Trust (The “Fund”) Announces A Proposed Transaction To Sell All of the Outstanding Units of the Fund

Wed, 04 Aug 2010 16:00:00 -0400

August 4, 2010 - TORONTO– Timbercreek Real Estate Investment Trust (the “Fund”) announced that it has entered into a definitive arrangement agreement with Restier Limited Partnership (the “Purchaser”) that provides for the acquisition of all of the outstanding units of the Fund by the Purchaser (the “Proposed Transaction”) in exchange for an aggregate net cash payment to unitholders of $182,715,328.65 (the “Net Consideration”). The Net Consideration equates to a gross transaction price per unit of $14.45.

<_o3a_p>

Previously on June 3, Timbercreek Asset Management Inc.(the “Manager”) announced that it had received an expression of interest from a Canadian institutional investor to explore a potential arrangement with the Fund. At that time, the board oftrustees of the Fund (the “Board”) appointed a special committee of independent trustees (the “Special Committee”) to consider the expression of interest. Based on the Special Committee’s recommendation, which was further supported by a fairness opinion issued by Grant Thornton LLP, the Board has unanimously determined that the Proposed Transaction is fair to unitholders and is in the best interest of the Fund’s unitholders. Accordingly the Board has approved the Proposed Transaction and unanimously recommended that unitholders vote in favour of the Proposed Transaction.

<_o3a_p>

The Board has called an Annual and Special meeting of unitholders (the “Meeting”) to be held at 9 a.m. (Toronto time) on August 18, 2010 at the Park Hyatt Toronto, located at 4 Avenue Rd, Toronto, Ontario. At the Meeting, apart from attending toannual meeting matters, the unitholders will be asked to consider and if appropriate, to approve an arrangement to give effect to the Proposed Transaction. The notice of annual and special meeting and management proxy circular has been mailed to all registered unitholders of the Fund (the “Meeting Package”). Unitholders can also request an additional copy of the Meeting Package by calling 416-306-9967 x250 or by emailing inquiries@timbercreekfunds.com. <_o3a_p>

<_o3a_p>

About the Fund<_o3a_p>

The Fund is a private, open-end investment trust established in order to capitalize on underperforming, multi-residential real estate opportunities in Canada since 2004. The objective of the Fund is to maximize long-term results while providing a steady stream of inflation-hedged income and preserving investors’capital. The Fund is directly invested in a portfolio of well diversified income producing, multi-residential real estate consisting of 5,575 residential suites located across seven canadian central metropolis areas including Ottawa, Ontario; London, Ontario; St. Catharines, Ontario, Aurora, Ontario; Windsor, Ontario; Montreal, Quebec and Halifax, Nova Scotia.<_o3a_p>

<_o3a_p>

CONTACT:<_o3a_p>

Timbercreek Asset Management Inc.<_o3a_p>

Carrie Morris<_o3a_p>

Investor Relations<_o3a_p>

416.306.9967 x250<_o3a_p>

cmorris@timbercreekfunds.com<_o3a_p>

Timbercreek Asset Management Inc. Announces the Receipt of an Expression of Interest to Acquire Timbercreek

Thu, 03 Jun 2010 12:39:00 -0400

Timbercreek asset management inc. Announces the receipt of an EXPRESSION of interest to acquire Timbercreek

Toronto Stock Exchange: TMC

TORONTO – Timbercreek Asset Management Inc. (the “Manager”) is pleased to announce it has received an expression of interest (the “Letter”) from a Canadian institutional investor (the “Offeror”) to explore a potential arrangement involving the purchase of all of the outstanding units of Timbercreek Real Estate Investment Trust (the “Fund”) or alternatively, purchasing the Fund’s portfolio of real properties. The Manager has presented this Letter to the board of trustees (the “Board”) of the Fund. In response to this Letter, the Board has resolved to form a special committee of independent trustees (the “Special Committee”) to consider the expression of interest and if deemed appropriate, to begin discussions with the Offeror in respect of the potential transaction.

About the Fund

The Fund is a private, open-end investment trust established in order to capitalize on underperforming, multi-residential real estate opportunities in Canada since 2004. The objective of the Fund is to maximize long-term results while providing a steady stream of inflation-hedged income and preserving investors’ capital. The Fund is directly invested in a portfolio of well diversified income producing, multi-residential real estate consisting of 5,575 residential suites located across seven Canadian central metropolis areas including Ottawa, Ontario; London, Ontario; St. Catharines, Ontario, Aurora, Ontario; Windsor, Ontario; Montreal, Quebec and Halifax, Nova Scotia.

- 30 -

CONTACT:

Timbercreek Asset Management Inc.

Carrie Morris

Investor Relations

416.306.9967 x250

cmorris@timbercreekfunds.com

Timbercreek Files announces Non-Brokered Private Placement Financing

Mon, 16 Nov 2009 14:55:00 -0500

TORONTO, Nov. 16 /CNW/ - Timbercreek Asset Management Inc. (the "Fund Manager"), on behalf of Timbercreek Mortgage Investment Corporation (the "Fund"), is pleased to announce a Non-Brokered Private Placement of 247,002 Class B Shares at $10 per Class B Share (the "Offering") effective November 13, 2009. Gross proceeds of this Offering will be used to fund mortgage loans invested in from time to time and for general corporate purposes of the Fund.

As well, on October 30, 2009, 29,499 Class B Shares were converted into Class A Shares pursuant to the rights of the Class B Shares as described in the Annual Information Form dated September 14, 2009 (the "Conversion") and 1,475 Class A Shares were redeemed pursuant to the monthly redemption privileges (the "Redemption") also described in the Annual Information Form.

As of the date of this press release, after taken into consideration both the Offering, the Conversion, and the Redemption, the total issued and outstanding Class A Shares and Class B Shares were 3,919,060 and 1,820,239 respectively.

Andrew Jones, Mortgage Manager of the Fund, explains that "reduced competition in the lending market has resulted in a larger number of attractive investment opportunities being presented to the Fund that are primarily secured by high quality income-producing assets". Since September 1, 2009, the Fund has advanced funds under new loans of approximately $8,950,000 and has received repayment of principal from previously funded loans of approximately $5,350,000. The Fund has also issued commitments for new loans for an additional $3,450,000 that are expected to fund within the next 30 days.

For more informations: About the Fund

The Fund provides investors with an opportunity to receive attractive yields by investing indirectly, through holding shares of the Fund, in mortgage loan investments selected and determined to be high quality by the Fund Manager. The investment objective of the Fund is, with a primary focus on capital preservation, to acquire and maintain a diversified portfolio of mortgage loan investments that generates attractive, stable returns in order to permit the Fund to pay monthly distributions to its shareholders.

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