GPM and NT Global Advisors Inc. Announce Closing of GPM 10 Real Property Limited Fund for Total Gross Proceeds of $142.3 Million.TORONTO -- Greiner-Pacaud Management Associates (GPM) and NT Global Advisors, Inc. announced today the closing of GPM 10 Real Property Limited Fund for total gross proceeds of $142.3 million. GPM is the investment manager of the fund, NT Global Advisors, Inc. is the distributor and administrator of the fund. Like the previous 9 funds in the series, all managed by GPM, GPM 10 is a closed-end pool with a non-taxable structure, intended for accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. institutional investors. The fund will be managed by GPM on a discretionary basis, focusing on industrial properties in the GTA GTA Grand Theft Auto (legal) GTA Grand Theft Auto (video game) GTA Greater Toronto Area (Canada) GTA Graduate Teaching Assistant , Ottawa, Montreal, Edmonton, Calgary and Vancouver markets. The capital raised for GPM 10 is nearly triple the amount raised for the next largest in the series. This reflects strong demand by pension funds for high quality real estate investments and the outstanding performance record of GPM, whose composite has achieved an average annual return of 13.4 % (net of fees) over the last 22 years. GPM, founded in 1982, is the real estate arm of Integrated Asset Management Corp. (TSXV:IAM IAM - Interactive Algebraic Manipulation. Interactive symbolic mathematics for PDP-10. ["IAM, A System for Interactive Algebraic Manipulation", C. Christensen et al, Proc Second Symp Symb Alg Manip, ACM Mar 1971]. ) of Toronto. A recognized real estate industry leader, GPM offers real estate investment management for pension funds, real estate development, leasing and property management, mezzanine lending and real estate merchant banking. IAM is Canada's leading alternative asset manager, with over $2.5 billion in assets and commitments under management in private equity, private debt, managed futures, real estate and hedge funds. NT Global Advisors, Inc., a Canadian-based investment manager of managers, is a wholly-owned subsidiary of Northern Trust Global Advisors, Inc. (NTGA NTGA National Tabletop and Giftware Association NTGA National Tobacco Growers Association ). NTGA is a US registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in that manages over $30 billion as of September 30, 2004 for approximately 400 institutional and private clients worldwide. NTGA is a manager of managers investment firm offering total fund and specialized asset class solutions. NTGA is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Northern Trust Corporation (Nasdaq:NTRS NTRS NASA Technical Report Server NTRS National Therapeutic Recreation Society NTRS National Technology Roadmap for Semiconductors NTRS National Technology Readiness Survey ), a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Northern Trust, a multibank holding company Noun 1. multibank holding company - a bank holding company owning several banks bank holding company - a holding company owning or controlling one or more banks based in Chicago, has a growing network of offices in 15 U.S. states and has international offices in six countries. As of September 30, 2004, Northern Trust had assets under administration of US $2.4 trillion and assets under investment management of US $535 billion. Northern Trust, founded in 1889, has earned distinction as an industry leader in combining high-touch service and expertise with innovative products and technology. For more information, visit www.northerntrust.com. NT Global Advisors Inc. (NASDAQ:NTRS) |
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