Core Strategy Investment Fund

KingSett has raised a total of $524.1 million in its first two capital offerings for this income-oriented, core strategy real estate investment vehicle, the KingSett Canadian Real Estate Income Fund LP ("the Fund"), modeled after sophisticated institutional real estate portfolios and strategies. The Fund offers investors the opportunity to invest alongside KingSett principals in a portfolio of long-term, stable real estate assets and investments intended to be core real estate holdings for institutional and high net worth individuals.

Activities of the Fund

• Initial capital raised of $272 million in 2008 fully invested in a core real estate portfolio.
• Second Capital offering of $252 million in 2010 now fully invested.
• Generated life-to-date return of 13.9% after fees and expenses to December 31, 2011.
• Distributed annual cash returns of 7% on a quarterly basis.
• The Fund is structured to target net returns of 8-12% annually, with 7% distributed and the balance reinvested.

In April, 2012, the fund launched a third capital offering to allow the Fund to further grow its asset base and improve its risk weighted investment returns by acquiring properties that further diversify its holdings by sector and geographic location in Canada. This offering will close on May 31, 2012. For further information, please contact David Middleton at dmiddleton@kingsettcapital.com.