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Timbercreek Global Real Estate Income Fund

Manager Commentary

The Timbercreek Global Real Estate Income Fund is pleased to provide you with a quarterly update which highlights the Fund's performance, portfolio changes and market commentary from the Portfolio Manager.

Third Quarter 2019 Highlights

  • Year-to-date, the fund has generated a 16.4% total return1.
  • The Fund’s exposure to the United States and United Kingdom increased while Japan and Singapore decreased.  
  • The Fund added seven new common equity holdings while exiting five.
  • In terms of what worked, in Japan, Invesco Office J-REIT 19.2% (JPY) while in Singapore, Keppel DC REIT delivered a +20.1% total return (SGD).  In the U.S., Brixmor Property Group gained 15.2% (USD) and Colony Capital generated a +22.6% total return (USD). In Canada, Dream Global REIT gained 22.9% (CAD) on the heels of Blackstone announcing an all-cash takeover at C$16.79 per share.

    1The returns are based on Class F units, net return

    For further commentary, please click on the link below.

    Quarterly Manager Commentary

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