Integrated Asset Management Corp.

Integrated Asset Management Corp.

February 26, 2014 08:30 ET

Integrated Asset Management Corp. and GPM Investment Management Announce First Close of GPM (13) Raising $117 Million

TORONTO, ONTARIO--(Marketwired - Feb. 26, 2014) - Integrated Asset Management Corp. ("IAM") (TSX:IAM) and its real estate asset management arm, GPM Investment Management ("GPM"), announced today the first close of GPM (13), the 13th fund in its highly successful series of pooled real estate funds, raising $117 million. A second close is expected within 90 days.

GPM (13) is a discretionary fund focusing primarily on industrial properties, along with select retail and office opportunities, in the Greater Toronto Area, Ottawa, Edmonton, Calgary, Vancouver, Montreal and Halifax markets.

GPM (13) is structured as an open-end fund, recognizing market demand and respecting the desire of our many repeat investors to be able to periodically make additional investments while providing liquidity for rebalancing purposes.

The GPM funds continue to provide superior returns generating an annualized composite net rate of return of 12.8% over 31 years. The superior return, stable income generation and the strength of its management team continue to make GPM attractive to institutional investors such as pension funds, endowments and foundations.

Rick Zagrodny, President of GPM, said, "Our clients continue to provide strong support for our team and investment style as we have been able to maintain top tier performance in a very competitive environment. We expect that the open-end structure will attract additional new investors to join our loyal core of returning investors".

GPM is a wholly-owned subsidiary of IAM. IAM is one of Canada's leading alternative asset management companies, with approximately $1.9 billion in assets and committed capital under management in private debt, real estate, private equity and managed futures.

Contact Information

  • GPM Investment Management
    Rick Zagrodny

    Integrated Asset Management Corp.
    David G. Mather
    Executive Vice president