Timbercreek Asset Management Expands Debt Investment Platform and Targets Longer-Term Investments
-Highly experienced fund manager Audrey Howe joins management team to drive program-
TORONTO, April 22, 2014 /CNW/ - Timbercreek Asset Management ("Timbercreek" or "the Company"), a leading investor, owner and manager of global real estate and related assets, announced today the expansion of its mortgage and real estate debt investment platform that will focus on investments in longer-term Canadian commercial mortgages and other related debt instruments. Fixed-income funds focused on longer-term debt will appeal to investors such as pension plans looking to de-risk their portfolios and match their future benefit liabilities. Audrey Howe, a highly experienced real estate fund management and real estate finance professional has joined Timbercreek as Senior Vice-President to manage this initiative, reporting to Andrew Jones, Managing Director Debt Investments at Timbercreek.
"We are excited to have someone of Audrey's expertise and qualifications join Timbercreek to help expand our debt investment platform," said Mr. Jones. "This represents yet another extension of Timbercreek's proficiency and expertise in Canadian real estate and extends the breadth of our portfolio to take advantage of a large and stable market."
"I look forward to working with the Timbercreek team to help enhance their debt investment platform," said Ms Howe. "We anticipate increased interest in quantifiable-outcome investments such as these, as investors seek effective long-term strategies to meet future cash-flow needs. As Canadian pensions continue to re-evaluate their exposure to different asset allocations, Timbercreek's new platform will deliver against increased interest in alternative long-term de-risking solutions."
Ms Howe has more than 30 years of experience in senior executive positions in the Canadian fund management and financial services industry. Most recently, Ms. Howe was President and a Director of ACM Advisors Ltd., a private fund management company. Before working for ACM, Ms. Howe was a founder and managing director of TerraCan Capital, a private real estate venture company where she structured real estate syndications, joint ventures as well as senior and junior participating mortgages. Prior to TerraCan, Ms. Howe was a Vice President of the Corporate Real Estate Group for Citibank Canada. Ms. Howe is a registered mortgage broker in the province of Ontario and a registered sub-broker in British Columbia.
Timbercreek is an active investor, owner and manager of global real estate assets, with a full-service, active management platform that enables investments in both public and private equity and debt. Timbercreek's full-service lending platform is dedicated to originating, underwriting and servicing mortgage and debt investments in Canada, the U.S. and the U.K., and currently has over $800 million in Private Debt assets under management. Timbercreek currently manages two TSX-listed Mortgage Investment Corporations.
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