Integrated Asset Management Corp.

Integrated Asset Management Corp.
Greiner-Pacaud Management Associates

Greiner-Pacaud Management Associates

April 18, 2005 10:40 ET

Integrated Asset Management Corp. and GPM Announce Completion of the Sale of GPM 6 Portfolio for CAD $117.6 Million


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INTEGRATED ASSET MANAGEMENT CORP.

TSX VENTURE SYMBOL: IAM

AND GREINER-PACAUD MANAGEMENT ASSOCIATES

APRIL 18, 2005 - 10:40 ET

Integrated Asset Management Corp. and GPM Announce
Completion of the Sale of GPM 6 Portfolio for CAD
$117.6 Million

TORONTO, ONTARIO--(CCNMatthews - April 18, 2005) - Integrated Asset
Management Corp. (TSX VENTURE:IAM) and its real estate investment
management arm, Greiner-Pacaud Management Associates (GPM) announced
today the completion of the previously disclosed sale of the GPM 6
portfolio of commercial real estate properties for $117.6 million. GPM
6, which was launched in May 1993 with $56.7 million of contributed
capital, had matured and the portfolio was sold as required by the terms
of the fund.

Over the 12 year life of the fund, for every $1 million contributed by
an investor, that investor received approximately $1.2 million in income
and interim sales proceeds and $1.8 million in maturity proceeds, for an
IRR of 15.1%, net of all fees.

GPM, founded in 1982, is the real estate investment management arm of
Integrated Asset Management Corp. (TSXV:IAM) of Toronto. A recognized
real estate industry leader, GPM offers real estate investment
management for pension funds, real estate development, leasing and
property management, mezzanine lending and real estate merchant banking.

With the successful completion of the sale, the gross performance fees
to GPM are approximately $12 million and for IAM this represents a net
contribution before taxes of approximately $6 million. These results are
in line with the previous estimate announced in IAM's first quarter
report, December 31, 2004.

IAM is Canada's leading alternative asset manager, with over $2.7
billion in commitments and assets under management in private equity,
private debt, managed futures, real estate and hedge funds.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    GPM
    Brent Chapman
    President
    (416)864-0040 ex 270
    bchapman@gpma.ca
    www.gpma.ca
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.