TORONTO, ON–(Marketwired – September 21, 2016) – Timbercreek U.S. Multi-Residential Opportunity Fund #1 (the “Fund”) has declared a distribution (the “Distribution”) of $0.2790 per class A unit of the Fund (“Class A Units”), $0.2810 per class B unit of the Fund (“Class B Units”) and $0.2810 per class C unit of the Fund (“Class C Units”) to be paid on October 14, 2016 to holders of class A units, class B units and class C units of record on September 30, 2016.
About the Fund
The Fund was designed to provide investors with the opportunity to achieve attractive total returns from an asset class that has historically generated strong and stable long-term cash flows. The targeted 15% IRR is inclusive of a 4-5% pre-tax yield paid quarterly. The Fund focuses on an active, value-add investment strategy to acquire and improve mismanaged or undervalued multi-unit residential assets in the southeast United States. The Fund aims to generate significant gains for investors through the improvement and eventual sale of the portfolio’s multi-residential assets.
For more information on the Fund and Timbercreek Asset Management Inc., please visit our website at www.timbercreek.com.
CONTACT:
Timbercreek Asset Management
Carrie Morris
Investor Relations
cmorris@timbercreek.com