Timbercreek Capital Launches Timbercreek Alternatives Subsidiary with Expanded Offering including Timbercreek Real Estate Opportunities Fund
July 05 2024 - 12:54PM
Timbercreek Capital (“TCAP”), one of Canada’s leading alternative
asset class investment managers, today announced the launch of
Timbercreek Alternatives, a new subsidiary that will bring relevant
and unique alternative investment offerings to the wealth
management, high-net-worth and Family Office investor channels.
This builds on and leverages TCAP’s 24-year track record sourcing,
acquiring and repositioning commercial real estate assets.
“The current market conditions in commercial
real estate have created an outstanding opportunity to generate
attractive risk-adjusted returns, and we’re excited to bring to
market an expanded offering of equity and debt investment options
in this asset class,” said Blair Tamblyn, Chief Executive Officer
of Timbercreek Capital. “The unprecedented move in interest rates
over the past two years, combined with macro uncertainty, have
created severe dislocations in real estate markets. In addition,
many traditional lenders have retrenched, leaving behind a debt
financing void. Our history suggests we are entering the ‘repair’
stage of the real estate cycle, which historically has been a good
time to allocate capital to this asset class.”
The initial investment offerings from
Timbercreek Alternatives is gearing up to launch include:
- Timbercreek Real Estate
Opportunities Fund LP:
- Invests in private equity and debt, secondary privates and
special situations focused on value-add commercial real estate
opportunities in Canada.
- Timbercreek Real Estate
Fund – Ireland II:
- Active investing in short-term, mid-market Irish commercial
real estate mortgages.
- Invests in income-producing and transitional real estate with a
focus on multi-residential, industrial and retail.
- Southern Europe Multi-Res
Value-Add Fund (partnered with experienced local
operator):
- Unique opportunity to invest in one of the fastest-growing real
estate asset classes that is currently underrepresented in Southern
Europe.
- The Fund aims to build on an established portfolio of
well-located residential buildings in select Southern European
cities for refurbishment and, subsequently, operating them as
premium serviced apartments.
- Direct Opportunistic Investments:
- Timbercreek Alternatives will also
offer the opportunity to invest directly in compelling commercial
real estate opportunities in partnership with our network of proven
operators. These investments will be first offered to investors in
the Timbercreek Real Estate Opportunities Fund
LP.
Timbercreek Alternatives is led by Fraser
McEwen, a highly experienced capital markets executive who joined
the TCAP leadership team earlier this year in a newly created role
as President, Timbercreek Alternatives. The team also includes
Strategic Advisor Andrew Barnicke, the Founder of Barnicke
Investments and Consulting, a privately held private equity and
advisory real estate company focused on value-add strategies in
residential and commercial projects across Canada. Barnicke has
been involved in the commercial real estate industry for over 35
years, including more than 25 years in the real estate capital
markets with senior management positions at J.J. Barnicke and Vice
Chairman at Colliers International. In these positions he was
involved in over $30 billion in property transactions, financings,
and equity capital raises. The Timbercreek Alternatives team is
backed by the full-service platform at Timbercreek Capital,
including 50+experienced real estate professionals globally.
Tamblyn added: “Under the direction of Fraser
and Andrew, and with our history and reputation in commercial real
estate, we are uniquely positioned to source high-quality
investment opportunities and bring these to the wealth management,
high-net-worth and Family Office investor channels.”
“I’m excited to build on Timbercreek’s strong
foundation and long history in managing institutional capital for
the purpose of investing in commercial real estate,” said Fraser
McEwen. “Our team has deep expertise in identifying and
underwriting opportunities in this market segment, and I look
forward to leveraging this to grow our alternative product
offering. We believe we are entering the stage of the real estate
cycle where it’s an opportune time to selectively be an allocator
in commercial real estate.”
About Timbercreek Capital
Founded in 2000, Timbercreek is one of Canada’s
leading alternative asset class investment managers, focused on
debt and equity investments in high-quality, value-add commercial
real estate in Canada, the United States and Europe. Through active
and direct investment, Timbercreek employs a thematic approach to
deliver compelling risk-adjusted returns for their investors and
partners, leveraging the diversified expertise and relationships of
their highly experienced team to invest capital across a wide range
of asset classes. Timbercreek’s team of 50+ investment
professionals have extensive domain expertise in these markets and
combine an entrepreneurial growth focus with institutional risk
management. Since 2000, the Timbercreek team has deployed more than
$18 billion in equity and debt investments focused on value-add
real estate, on behalf of their broad range of capital partners.
Timbercreek has offices in Toronto, Vancouver, Montreal, New York,
Dallas and Dublin.
FOR MORE INFORMATION
CONTACT:Kieran Lawler 416 303
0799Kieran.lawler@loderockadvisors.com