August 26, 2010
Timbercreek Asset Management Ltd. (the “Manager”), on behalf of Timbercreek Global Real Estate Fund (the “Fund”) completed an offering of Class A, Class B and Class I Units for aggregate gross proceeds of $61,700,000. The syndicate of Agents was co-led by BMO Nesbitt Burns Inc. and Raymond James Ltd. and included 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.
Wildeboer Dellelce LLP acted for the Agents with a team that included Ronald Schwass, Steven Russo and Colin Grosskurth (securities) and Kevin Fritz and Andrea Shreeram (tax).