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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.

Q1 2018 – Market Commentary Highlights

  • Driven largely by a spike in interest rates, the Fund generated a -5.7% total return on a net basis during the first quarter.  
  • Healthcare, data centers and self-storage REITs outperformed on a relative basis, contributing to performance.
  • During the quarter, we added Colony NorthStar Series H, Pebblebrook Series D and PS Business PArks Series X while exiting CBL & Associates Series E, Cedar Realty Trust Series B, Summit Hotel Properties Series C and Washington Prime Group Series H.

For further commentary, please click on the link below.

Quarterly Manager Commentary

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