Timbercreek U.S. REIT Preferred Fund
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.
Second Quarter 2019 Highlights
- The Fund generated a +1.5% total return on a net basis and is up 15.0% year-to-date.
- U.S. REIT preferred shares continued to gain in the quarter.
- We added five positions, two in the single-family rental sector and three in the self-storage sector while selling ten.
- Data center, single-family rental and industrial REITs outperformed while the diversified sector underperformed.
For further commentary, please click on the link below.
Quarterly Manager Commentary
Global Real Estate Securities investments are managed by Timbercreek Investment Management Inc.