ICM Property Partners Trust




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The Opportunity



ICM Property Partners Trust aims to preserve capital, deliver income and achieve strong growth through diversified and tactical allocations to exclusive real estate opportunities in investment grade markets





What You Get When You Invest




True Diversification

True Diversification


Investors participate in a portfolio of real estate assets diversified across countries, markets, asset types, investment types and currencies. True diversification in real estate leads to improved risk-adjusted returns within a private real estate portfolio


Institutional Quality

Institutional Quality


Professionally managed, high-quality properties in investment grade markets. Registered Portfolio Managers focus on risk management and asset allocations to achieve investment objectives within defined investment restrictions


Exclusive Opportunities

Exclusive Opportunities


Expert regional teams provide access to premiere domestic and international opportunities by leveraging extensive local market relationships and partnerships


Industry Leadership

Industry Leadership


Fair management fees. Alignment of interest. No-fault manager removal provision. Monthly redemption right. NAV reported quarterly. Investor choice: Advantaged DRIP™, Balanced DRIP, Basic strategy




Investing on Your Terms



Investment Characteristics Growth and Income
Redemption (Liquidity) Monthly, subject to conditions and restrictions
Target Distribution 5 – 7%, depending on series selected
Total Target Return 9.0 - 12.0% per annum, depending on series and DRIP strategy selected
Features ICM Advantaged DRIPTM option
RSP and TFSA eligible
Management Fees 1.40 - 1.90%, depending on series selected



Compound returns through ICM’s proprietary Advantaged DRIPTM plan, or receive cash distributions

DRIP units issued at attractive discount, resulting in a higher anticipated return



Liquidity available through monthly redemption

At NAV beginning after year 3, no redemption fee



Varied commission and management fee structures

Lower load and lower management fees on larger investment size



No-fault management removal

Investors can vote to remove the Manager at any time



Independent Review Committee

The committee must unanimously approve any conflict of interest matters to ensure that investors are treated fairly




Choose a Distribution Option That Suits Your Needs



Advantaged DRIPtm

Advantaged DRIPTM

100% DRIP

Highest anticipated total return

Purchase DRIP units at a discount

For investors wishing to compound their return

Balanced DRIP Strategy

Balanced DRIP Strategy

50% DRIP, 50% Cash

Lower anticipated total return than Advantaged DRIPTM Strategy

Purchase DRIP units at a discount

For investors wanting modest quarterly income

Basic Strategy

Basic Strategy

100% Cash

Lower anticipated total return than Advantaged DRIPTM or Balanced DRIP Strategies

Option to enter Balanced or Advantaged DRIPTM Strategies

For investors needing quarterly income


Macro Trends Shaping Real Estate Investment




North American Advantage

North American Advantage

Economic growth and institutional investor appetite favour North America

Urbanization

Urbanization

Urbanization is driving stronger population and economic growth in urban centres

Sense of Community

Sense of Community

Vibrant and welcoming environments where people want to spend time are shifting the old norms of property use

Rising Interest Rates

Rising Interest Rates

Rising interest rates will put current property pricing under pressure


Investment Strategies



ICM has initially identified five investment strategies that it believes will out perform in the current environment, by addressing each of the macro trends identified.



Acquire existing U.S. properties in investment grade secondary markets that are under-performing and present opportunities for meaningful income growth through active management strategies


Opportunity Profile 1

Vector Smart Object

Underwritten investment returns1


Target IRR of 12 - 14%

4 - 6 year horizon


Rare multi-tenant, 95% occupied class A urban “boutique” office building with below market rents and ability to add density on site2



1 Underwritten investment returns represent the return earned on the capital invested in the opportunity by the Trust or its subsidiaries
2 Property not under control of ICM affiliate. ICM has bid on the property and hopes to be successful in putting the property under control. The Trust would be anticipated to hold an interest in this property as it raises capital and assuming and ICM affiliate invests in the property. Should ICM not be successful in the acquisition of this asset, it serves as an illustrative opportunity for the strategy

Partner with strong regional developers in U.S. growth markets to deliver exceptional new projects with the potential to earn strong income at a far more attractive cost basis compared to buying newly built properties at market pricing


Opportunity Profile 2

Vector Smart Object

Underwritten investment returns1


Target IRR of 20 - 24%

3 - 5 year horizon


First to market luxury, hi-tech apartment mixed use development in highly sought after Atlanta submarket2



1 Underwritten investment returns represent the return earned on the capital invested in the opportunity by the Trust or its subsidiaries
2 Property under control of ICM affiliate. The Trust is anticipated to hold an interest in this property as it raises capital and assuming an ICM affiliate invests in the property, however, there is no assurance the acquisition will be completed

Mezzanine lending, bridge lending and preferred equity strategies predominantly in western Canadian cities where returns rival available common equity returns from a more favourable position in the capital stack


Opportunity Profile 3

Vector Smart Object

Underwritten investment returns1


Target IRR of 12 - 14%

2 - 3 year horizon


Mezzanine loan for highly amenitized luxury condominium development to experienced partner with strong covenant guarantee2



1 Underwritten investment returns represent the return earned on the capital invested in the opportunity by the Trust or its subsidiaries
2 Property under control of ICM affiliate. The Trust is anticipated to hold an interest in this property as it raises capital, however, there is no assurance the acquisition will be completed

Opportunistic property investments in western Canadian cities with potential for substantial value enhancement to overcome risk associated with current high prices of Canadian real estate


Opportunity Profile 4

Vector Smart Object

Underwritten investment returns1


Target IRR of 20 - 24%

2 - 4 year horizon


Vacated car dealership with strong repositioning potential and additional development on significant excess land2



1 Underwritten investment returns represent the return earned on the capital invested in the opportunity by the Trust or its subsidiaries
2 Property under control of ICM affiliate. The Trust is anticipated to hold an interest in this property as it raises capital, however, there is no assurance the acquisition will be completed

Opportunistic equity investments in primary markets in Mexico with strong local operating partners to capitalize on robust market fundamentals, low-cost of renovation/construction and high profit margins


Opportunity Profile 5

Vector Smart Object

Underwritten investment returns1


Target IRR of 18 - 20%

4 - 6 year horizon


Refurbishment of historic property one block from Mexico City’s financial district: 100% pre-leased to successful co-working operator2



1 Underwritten investment returns represent the return earned on the capital invested in the opportunity by the Trust or its subsidiaries
2 Property under control of ICM affiliate. The Trust is anticipated to hold an interest in this property as it raises capital, however, there is no assurance the acquisition will be completed


The Manager



Value.
Discipline.
Results.


ICM Asset Management is a registered alternative Investment Fund Manager (IFM) and Portfolio Manager (PM) focused on owning, operating and investing in real assets. We offer retail, private client and institutional investors an array of investment opportunities focused on real estate, private equity and infrastructure strategies.

Our goals are simple: We strive to preserve wealth and generate attractive risk-adjusted returns, while providing the highest level of client service.

Windsor Terrace
Page 25
Interactive Digital OM


  • $700M

    Assets Under
    Management

  • 15

    Years in
    Business

  • 100

    Years of Investment
    Experience

  • 5,000

    Clients

  • 0

    Investor Losses


FAQs



ICM Property Partners Trust gives investors the opportunity to invest in office, industrial, retail and multi-family properties and property related investments in Canadian, U.S. and Mexican cities where ICM and its team have local knowledge and experience.
Returns are earned by investors from the rent and interest payments that ICM collects from tenants and borrowers, after paying for operating costs, plus anticipated increases in the value of the properties owned by the Trust. These returns are paid to investors in the form of quarterly distributions and long-term appreciation in the value of the Trust units.
Quarterly distributions are paid 15 days after each quarter end, January 15, April 15, July 15, and September 15. The growth in the value of the units of the Trust is realized by an investor upon their eventual redemption at NAV.
Investors will receive quarterly bulletins and annual reports via email, and have access through ICM’s investor portal to view account statements. All necessary tax forms will be mailed within their respective deadlines.

Redemptions are available to investors on a monthly basis at the following price:

  • 90% of NAV until the end of the first year following the purchase or acquisition of Units
  • 95% of NAV in the second and third year following the purchase or acquisition of Units
  • 100% of NAV thereafter

Notice period and limitations on redemptions

  • 10 business day notice prior to month end, settlement 10 business days after month end
  • Up to 1% of total outstanding units redemption limit per calendar month
  • No redemption fee
  • Please refer to the section tilted “Redemption of Trust Units” in the Offering Memorandum for full details
  • 1.40 -1.90% of NAV annual management fee (depending on unit series) & 1.0% acquisition fee
  • ICM will hold a 5% earned interest in the Trust via the ICM Participating Interest. In order to preserve NAV for Unitholders during the early years of the Trust, the ICM Participating Interest will vest over a period of approximately four years