ICM Property Partners Trust - Designed to Deliver Tax-Efficient Income and Growth from a Diversified Portfolio of Private North American Real ...
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ICM Property Partners Trust Designed to Deliver Tax-Efficient Income and Growth from a Diversified Portfolio of Private North American Real Estate Assets Series A, B, C, US$ - May 2020
Investment Objective: General Information
ICM Property Partners Trust seeks to provide monthly
Fund Assets $350 million
distributions and generate long-term growth through direct
Firm Assets $1 billion
commercial and residential property investments diversified
throughout North America. Investment Style Income and growth
Registered Plan Status Eligible
Who Invests?1
• An investor seeking monthly income Purchases Monthly
• An investor pursuing alpha from active value creation Distribution Frequency Monthly
strategies
Distribution Target2 5 - 6% p.a.
• An investor seeking a diversified portfolio of real estate
assets and real estate lending investments that are Total Return Target2 9 - 11% p.a.
differently correlated to public markets
Recommended Hold Period3 5+ Years
• An investor searching for direct investment exposure to
high-quality real estate assets in major markets Valuations & Liquidity4 Monthly
• An investor who feels it is important to work with a
DRIP Unit Purchases Discount to Issuance Price
strategically aligned and experienced manager
Diversification
Investors have an opportunity to own a portfolio of commercial
real estate diversified by: Country, Market, Asset Type,
Investment Type and Currency.
Tax-Efficiency
Partially shielded by depreciation distributions are expected to
be predominately taxed as a return of capital (ROC) during an
investors hold period.
Providing Consistent Distributions
ICM has a long history of providing distributions to our
investors.1
5 - 6% 4 - 5% 9 - 11%
Target per Target per Target total per
annum annum annum return5
distributions growth (net of fees)
based on a 5+ year holdInvestment Strategies
We maintain a control position in every property we acquire as we create High-Yield Lending
value and generate monthly distributions for our investors through three 10.2% Development
45.7%
distinct strategies5:
Existing but underperforming properties
Income &
with potential for income growth and value 44.1%
Growth
appreciation
Ground up development, or re-development
Development 45.7%
and repositioning of an existing property
Income & Growth
Lending opportunities that generate cash 44.1%
High-Yield flow, generally secured against/by the
10.2%
Lending underlying asset as well as personal and
corporate guarantees
Income & Growth Portfolio 5 property types
Country Category
% Income & Growth
Occupancy 3 countries
NAV
United States Core Plus 51.8% 85.6%
11 markets
United States Value Add 30.7% 68.0%
Canada Core 5.7% 93.0%
Canada Core Plus 2.2% 91.4%
Canada Value Add 2.8% 69.0%
Mexico Value Add 6.8% 100.0% Edmonton
Total 100.0% 85.5%
Calgary
Development Portfolio
Minneapolis
Toronto
Expected Percent Current
Properties Market
Completion Complete LTC Salt Lake
Washington
Spartan Ridge Phase 2 Spartanburg, SC Dec 2020 2.1% 0.0% Nashville
Charlotte
Star Metals Residences Atlanta, GA Sep 2021 45.3% 35.1% Phoenix
Spartanburg
Star Metals Offices Atlanta, GA Jun 2021 32.1% 6.9%
North District Edmonton, AB May 2021 86.4% 65.9% Dallas
Atlanta
Mayland Yards Calgary, AB Dec 2021 69.3% 66.8%
Parque Alameda Tribute Hotel Mexico City, MX Jun 2023 62.6% 0.0%
Guadalajara
Escandon Mexico City, MX Jun 2022 37.6% 0.0% Mexico City
Cobra Multi-Family Platform Mexico City, MX Feb 2022 31.5% 0.0% Current Market
Kampus Industrial Santa Rosa Guadalajara, MX Mar 2023 2.5% 0.0% Target Market
Development Portfolio 43.7%
Assets by Type Assets by Country
Residential 39.4%
Office 38.1%
United States 57.1%
High-Yield Lending 10.2%
Mexico 25.1%
Industrial 6.5%
Canada 17.8%
Retail 5.8%ICM Asset Management was founded in 2003 to preserve and grow the
www.icmassetmanagement.com wealth of retail, private client and institutional investors looking to diversify
www.icmpropertypartners.com their portfolios through the use of alternative asset classes.
Today, we manage more than $1 billion of assets on behalf of our investors
investments@icmgroup.ca in an array of investment opportunities focused on real estate, private equity,
+1 (403) 256-5350
private debt and infrastructure strategies.
Contact Geoff LaFleur
VP, National Sales
T: +1 (403) 399-5354
E: glafleur@icmgroup.ca
17 $1B $160M 4.3M
Years in Assets Under Distributed Sq/ft of
Lead Portfolio John Courtliff Business Management to Investors Real Estate
Managager Partner,
Managing Director &
Portfolio Manager
Historical Returns
Distributions Per Unit ($)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2018
Issuance Price N/A N/A N/A N/A $9.50 $9.50 $9.50 $9.50 $9.50 $9.75 $9.75 $9.75
A N/A N/A N/A N/A - 0.1343 - - 0.1343 - - 0.1378
B N/A N/A N/A N/A - 0.1188 - - 0.1188 - - 0.1219
C N/A N/A N/A N/A - 0.1358 - - 0.1358 - - 0.1393
US$ N/A N/A N/A N/A - - - - - - - -
2019
Issuance Price $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00 $10.00
A - - 0.1414 - - 0.1414 - - 0.1414 - - 0.1400
B - - 0.1250 - - 0.1250 - - 0.1250 - - 0.1250
C - - 0.1429 - - 0.1429 - - 0.1429 - - 0.1400
US$ - - - - - 0.1429 - - 0.1429 - - 0.1400
2020 (YTD)
Issuance Price $10.00 $10.10 $10.10 $10.12 $10.12 $10.12
A - - 0.1400 0.0467 0.0467
B - - 0.1250 0.0417 0.0417
C - - 0.1400 0.0467 0.0467
US$ - - 0.1400 0.0467 0.0467
Series inception of Series A, B and C - May 14, 2018; US$ - June 15, 2019
In April 2020, PPT moved to monthly distributions from quarterly distributions
Purchase Options
A B US$ C
Minimum Investment $ 5,000 $ 5,000 US$ 25,000 $ 150,000
Management Fee 1.90% of NAV 1.90% of NAV 1.90% of NAV 1.65% of NAV
Annual Distribution Target per Unit $ 0.56 $0 .50 US$ 0.56 $0.56
Advantaged DRIPTM Strategy (100% DRIP)
Distribution Re-Investment Options Balanced DRIP Strategy (50%DRIP, 50% Cash)
Basic Strategy (100% Cash)
In year 1: 90% of NAV In year 3: 95% of NAV
Redemption Schedule4
In year 2: 95% of NAV Thereafter: 100% of NAV
This Fact Sheet should be read in conjunction with the ICM Property Partners Trust (the “Trust”) offering memorandum (the “Offering Memorandum”) dated April 1, 2020. This document is for
information purposes only and does not constitute an offer to sell nor a solicitation to buy the securities referred to herein. The document does not, and it is not intended to, provide any financial, legal,
accounting, or tax advice, and must not be relied upon by you in that regard. The document should not be used, or relied upon by you, as a substitute for your independent research or consultation
with your own financial, legal or tax advisors. There is no guarantee of performance and past or projected performance is not indicative of future results. Eligible Investors should review the Offering
Memorandum in its entirety for a complete description of the Trust, its risks, and consult their registered advisors before making an investment.
1. Past performance is not a guarantee of future performance. Historical payment of distributions does not guarantee future payment of distributions. Depending on the series of unit, DRIP plan
selected, and years held.
2. Returns cannot be guaranteed.
3. Due to the long-term nature of real estate investing, investors who hold PPT for less than 5 years may not get the full benefits described.
4. Redemptions subject to certain restrictions. Please see the Offering Memorandum for full details
5. Allocations based on equity invested, not inclusive of cashYou can also read
