ICM U.S. Co-Investment Real Estate LP II Announces Initial Distribution to Investors

(September 2025 – Calgary, Alberta) – ICM Asset Management (“ICM”) is pleased to announce the first distribution to investors for U.S. Co-Investment Real Estate LP II (“USCI II” or the “Fund”).

Following the successful sale of River Park 10, an 825,000 SF industrial property in south Atlanta developed by ICM Property Group and Waterloo Partners, the Fund generated proceeds enabling a distribution representing approximately 20% of investors’ initial capital contribution. This milestone marks the first distribution to investors in USCI II and underscores the Fund’s transition into its harvesting phase as projects near completion and realization.

“This initial distribution reflects the progress of the USCI II portfolio and the strength of our investment platform in the U.S. As we continue to advance toward further project realizations, we are pleased to begin converting the value that we have created for investors into tangible realized results. We hope to build on our success in USCI I & II as we seek to raise capital for USCI III in the months ahead.”

– John Courtliff, CEO & Portfolio Manager, ICM Asset Management.

ICM is currently in market with ICM U.S. Co-Investment Real Estate LP III (“USCI III”), the third iteration of its successful U.S. Co-Investment strategy. USCI III is a private limited partnership seeking to deliver strong returns through opportunistically developing in-demand properties and acquiring existing assets at attractive valuations amid current capital market dislocation. USCI III is focused on deploying capital within the U.S. Sun Belt, which continues to benefit from robust population growth, economic expansion, and favourable business and lifestyle fundamentals.