-Highly experienced fund manager Audrey Howe joins management team to
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
"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
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.
SOURCE: Timbercreek Asset Management Inc.
For further information:
Timbercreek Asset Management