Integrated Asset Management Corp. ("IAM") (TSX:IAM) and its real estate asset
management arm, GPM Investment Management ("GPM"), announced today the first
close of GPM (13), the 13th fund in its highly successful series of pooled real
estate funds, raising $117 million. A second close is expected within 90 days. 


GPM (13) is a discretionary fund focusing primarily on industrial properties,
along with select retail and office opportunities, in the Greater Toronto Area,
Ottawa, Edmonton, Calgary, Vancouver, Montreal and Halifax markets. 


GPM (13) is structured as an open-end fund, recognizing market demand and
respecting the desire of our many repeat investors to be able to periodically
make additional investments while providing liquidity for rebalancing purposes. 



The GPM funds continue to provide superior returns generating an annualized
composite net rate of return of 12.8% over 31 years. The superior return, stable
income generation and the strength of its management team continue to make GPM
attractive to institutional investors such as pension funds, endowments and
foundations. 


Rick Zagrodny, President of GPM, said, "Our clients continue to provide strong
support for our team and investment style as we have been able to maintain top
tier performance in a very competitive environment. We expect that the open-end
structure will attract additional new investors to join our loyal core of
returning investors". 


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 debt, real estate,
private equity and managed futures. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
GPM Investment Management
Rick Zagrodny
President
416.864.6516
rzagrodny@gpma.ca


Integrated Asset Management Corp.
David G. Mather
Executive Vice president
416.933.8274
dmather@iamgroup.ca

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