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GPM GPM Metals Inc

0.06
0.00 (0.00%)
03 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
GPM Metals Inc TSXV:GPM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.06 0.05 0.06 0 01:00:00

Integrated Asset Management Corp. and GPM Investment Management Announce Launch of GPM (13) Real Estate Fund

07/03/2013 1:00pm

Marketwired Canada


Integrated Asset Management Corp. ("IAM") (TSX:IAM) and its real estate
subsidiary, GPM Investment Management ("GPM"), announced today the launch of GPM
(13), the 13th fund in its highly successful series of pooled real estate funds.



Like the previous 12 funds in the series, GPM (13), will be focused primarily on
light industrial properties in major Canadian urban markets, including greater
Toronto, Vancouver, Edmonton, Calgary, Ottawa, Montreal and Halifax. First close
is expected to be on June 30th, 2013. 


GPM has already received strong expressions of interest for GPM (13) from
existing and prospective institutional investors. GPM's funds enjoy a high level
of repeat investors. In addition, they have proven very popular with
institutional investors making their first allocation to real estate. These
investors are attracted by the long, successful track record and stable income
generated by GPM. Over the last 30 years, the composite rate of return on the
funds, net of all fees and expenses, and with minimal leverage was approximately
12.8% to the end of December, 2012. 


Rick Zagrodny, President of GPM, said, "With persistently low interest rates,
strong demand for yield enhancement and more and more investors adopting
liability-driven strategies, the stable, predictable income and lower volatility
of our approach is very appealing to long-term investors. Further, investors
with established real estate portfolios are attracted to the sector
diversification offered by our focus on light industrial properties and our
extensive experience in the sector." 


GPM is a wholly-owned subsidiary of IAM. IAM is one of Canada's leading
alternative asset management companies, with approximately $1.9 billion in
assets and committed capital under management in private corporate debt, real
estate, private equity, managed futures and retail alternative investments. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Integrated Asset Management Corp.
David G. Mather
Executive Vice President
416.933.8274
dmather@iamgroup.ca
www.iamgroup.ca


GPM Investment Management
Rick Zagrodny
President
416.864.6516
rzagrodny@gpma.ca

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