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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.

Q3 2018 – Market Commentary Highlights

  • The strength of the U.S. economy remains resilient, positively influencing the demand for commercial and residential space (despite the recent spike in volatility and sell-off in equity prices).
  • Cedar Realty Trust Series C delivered strong total returns this quarter and upcoming redevelopment projects are expected to materially enhance the quality of the company’s portfolio. 
  • During the quarter, we exited seven positions across the self-storage, industrial, data centre and mortgage REIT sectors.

For further commentary, please click on the link below.

Quarterly Manager Commentary

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