Guardian Capital Real Estate Fund Completes First Closing
15 Aprile 2013 - 6:35PM
Marketwired
Guardian Capital Group Limited (TSX:GCG)(TSX:GCG.A) is pleased to
announce the successful launch and initial funding of its first
direct real estate investment fund, Guardian Capital Real Estate
Fund LP (the "Fund"). The Fund is managed by Guardian Capital Real
Estate Inc., Guardian's real estate management subsidiary.
The Fund has successfully closed its first round of capital
commitments and is now actively seeking to invest in a portfolio of
office, retail, light industrial and multi-residential real estate
properties across Canada. The Manager's objectives for the Fund are
to provide investors with annual cash yields of 6-8% and preserve
capital while providing the opportunity for long-term capital
appreciation. To achieve these objectives, the Manager's investment
strategy is to cause the Fund to acquire a diversified portfolio of
income-producing properties, providing investors with a balanced
exposure to Canadian real estate, stable cash yield, diversified
tenant risk, income correlation to inflation and added value
through active asset management.
Guardian Capital Group Limited has aligned its interest with
third party investors in the Fund by subscribing, through a
subsidiary, for units of the Fund to a value of $25,000,000. This
commitment is consistent with the company's strategy of
diversifying its own corporate investment portfolio while
simultaneously establishing best-in-class asset management
capabilities that meet the long term, strategic investment
allocation needs of its existing clients and prospective new
investors.
About Guardian Capital Group Limited
Guardian is a diversified financial services company founded in
1962. Guardian provides institutional and high net worth investment
management services to clients with assets under management of
$18.8 billion as at 31 December 2012. Its Common and Class A shares
are listed on the Toronto Stock Exchange.
Guardian Capital Real Estate Fund is open for new investors.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities of the Fund in the
United States.
Contacts: For information on the Fund, please contact: Brent
Chapman Managing Director 416-947-4017bchapman@guardiancapital.com
Stephen Tiller Managing Director
416-947-3743stiller@guardiancapital.com
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