SOURCE: Timbercreek Asset Management Inc.

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June 13, 2016 09:00 ET

Timbercreek Asset Management Appoints New President for Timbercreek Communities

David Melo to Assume Role of President, Timbercreek Communities Effective June 14, 2016

TORONTO, ON--(Marketwired - June 13, 2016) - Timbercreek Asset Management ("Timbercreek" or the "Company") announced today that David Melo, current Managing Director, Finance for Timbercreek Asset Management, has been appointed to the role of President, Timbercreek Communities; Timbercreek's property management division responsible for the operations of the Canadian multi-residential properties held in Timbercreek-managed portfolios.

Mr. Melo joined Timbercreek in 2004 and has more than 15 years of experience in financial and taxation reporting, treasury and corporate financing. During his time at Timbercreek, Mr. Melo has had an extensive role developing the financial infrastructure on which the business is built and has been integrally involved in advancing technology solutions for Timbercreek Communities, which is a critical component within institutional property management.

"David has been a key contributor to Timbercreek's growth over the past decade in his role as Managing Director, Finance," states Blair Tamblyn, Managing Director & CEO of Timbercreek Asset Management. "David's hands-on involvement in growing Timbercreek's multi-residential management business makes his transition to the role as President of Timbercreek Communities a natural one. The Timbercreek Communities team will benefit from his knowledge and passion for this business."

Timbercreek Asset Management recently announced that Gigi Wong is joining the Company as Chief Financial Officer, effective June 14.

About Timbercreek

Timbercreek Asset Management Inc. is an active investor, owner and manager of global real estate and related assets focused on delivering sustainable and growing returns to our investors. Through our various separately managed accounts, TSX-listed entities and private investments, we manage over $5 billion in assets on behalf of investors seeking quality alternative asset class investments. Timbercreek employs a value-oriented investment philosophy, which is combined with an active, hands-on asset management style, to identify opportunities that will generate predictable and sustainable investment returns for our investors.

Timbercreek Communities, a division of Timbercreek Asset Management Inc., currently manages a quality portfolio of over 200 multi-residential properties, with over 17,000 residential suites across five provinces including; Alberta, Manitoba, Ontario, Quebec and Nova Scotia.

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    Timbercreek Asset Management Inc.
    Carrie Morris
    Investor Relations