Mr. David Pappin reports
INTEGRATED ASSET MANAGEMENT CORP. AND IAM REAL ESTATE GROUP ANNOUNCE OPENING OF IAM REAL PROPERTY FUND FOR ADDITIONAL INVESTOR COMMITMENTS
Integrated Asset Management Corp. and its real estate team, IAM Real Estate Group, have opened the IAM Real Property Fund for investment. Originally launched in 2014, the fund is now an open investment vehicle, having been closed for the initial investment period. With the completion of the investment program, the fund is now open for additional investor commitments.
The IAM Real Property Fund is currently $150-million, as at April 30, 2017, and comprises a high-quality portfolio of 21 properties in four provinces, with very strong returns. The fund is the 13th in a sequential series of highly successful funds that began in 1982. It is now open quarterly for commitments and redemptions.
Total AUM for the real estate group exceeds $800-million.
Rick Zagrodny, president of the IAM Real Estate Group, said: "We are following our time-tested strategy of patient investing, focusing primarily on small- to mid-size industrial properties along with select retail and commercial opportunities, in major markets across Canada. This approach has delivered industry-leading results for almost 35 years. The IAM Real Property Fund is particularly well suited for real estate investors seeking stable, predictable current income and lower volatility."
IAM is one of Canada's leading alternative asset management companies with approximately $2.5-billion in assets and committed capital under management in real estate, private debt and infrastructure debt.
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