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Timbercreek U.S. REIT Preferred Fund

Manager Commentary

The Timbercreek U.S. REIT Preferred Fund is pleased to provide you with a quarterly update which highlights the Fund's performance, portfolio changes and includes a quarterly market commentary from the Portfolio Manager.

Q4 2017 – Market Commentary Highlights

  • In 2017, the fund delivered and overall return of +5.8%.
  • During the fourth quarter, the Fund generated a -0.2% total return on a net basis.
  • Increased exposure to data centres, hotels and diversified REITs and decreased exposure to shopping centres and offices.
  • In an environment where global equity markets are reaching all-time highs and fixed income faces higher interest rates, we believe real estate offers an attractive source of alternative yield with growth potential expected to exceed inflation.

For further commentary, please click on the link below.

Quarterly Manager Commentary

Global Real Estate Securities investments are managed by Timbercreek Investment Management Inc.