Integrated Asset Management Corp.

Integrated Asset Management Corp.
GPM Investment Management

GPM Investment Management

November 16, 2010 15:51 ET

Integrated Asset Management Corp. and GPM Investment Management Announce Launch of GPM (12) Real Estate Fund

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2010) - Integrated Asset Management Corp. ("IAM") (TSX:IAM)  and its real estate arm, GPM Investment Management ("GPM"), announced today the launch of GPM (12), the 12th fund in its highly successful series of  pooled real estate funds.

Like the previous 11 funds in the series, GPM (12), which is targeted to raise between $150 and $200 million, will be a closed-end, discretionary fund focusing on industrial properties in the GTA, Ottawa, Edmonton, Calgary, Vancouver, Montreal and Halifax markets. First close is expected to be on March 31, 2011.

The two previous funds, GPM (10) and GPM (11) were over-subscribed, and GPM has already received strong expressions of interest for GPM (12) from institutional investors.

GPM's funds enjoy a high level of repeat investors; in addition, they have proven very popular with institutional investors making their first allocation to real estate. These investors are attracted by the long, successful track record and the low volatility and stable income generated by GPM. Over the last 28 years, the composite rate of return on the funds, net of all fees and expenses, was approximately 12.8 % to the end of September, 2010.

Brent Chapman, President & CEO of GPM, said, " with interest rates at historic lows, and more and more investors adopting liability-driven strategies, the combination of stable, predictable income, a positive correlation to inflation and valuable diversification has made real estate a core asset class for many long-term investors."

GPM Investment Management is a wholly-owned subsidiary of IAM. IAM is one of Canada's leading alternative asset management companies, with approximately $2.3 billion in assets and committed capital under management in private corporate debt, real estate, private equity, managed futures, global bonds and retail alternative investments.

Contact Information

  • Integrated Asset Management Corp.
    David G. Mather
    Executive Vice President
    GPM Investment Management
    Brent Chapman
    President & CEO
    GPM Investment Management
    & Integrated Asset Management Corp.
    70 University Avenue, Suite 1200
    Toronto, Ontario M5J 2M4