Timbercreek Closes $100M RE Fund

Timbercreek Asset Management has raised $100 million for its third multi-residential real estate and value-add fund.

Timbercreek Asset Management has raised $100 million for its third multi-residential real estate and value-add fund. The Timbercreek Opportunity Fund #3 will be managed by the same team that managed the firm’s previous funds. The Timbercreek multi-residential value-add fund will target mismanaged/distressed, multi-family real estate in Canada. The raised money is likely to be invested within 30 months and will be used to fund the acquisition and subsequent improvement of underperforming, multi-residential real estate.

Click here for the story from Canada Newswire.