Apr 2, 2026

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News & Announcements

ICM Completes Third Distribution for U.S. Co-Investment Real Estate LP II

Exterior view of a modern industrial building at Mack Innovation Park in Phoenix, Arizona.

(April 2026 – Calgary, Alberta) ICM Asset Management (“ICM”) is pleased to announce a third distribution has been made for investors in ICM U.S. Co-Investment Real Estate LP II (“USCI II”).

The distribution represents approximately 20% of investors’ initial capital contribution.

It also marks the third distribution to USCI II investors, following the completion of Mack Innovation Park, and brings gross distributions to investors to 87% of initial capital, with numerous properties still held by the fund.

“The recent sale and distributions related to Mack Innovation Park reflect the value of ICM’s active management across different market cycles. By taking a disciplined, hands-on approach, we can advance assets, respond to changing conditions, and ultimately realize value over time.”

— John Courtliff, CEO & Portfolio Manager, ICM Asset Management

ICM U.S. Co-Investment Real Estate LP III 

ICM continues to manage and deploy capital across its U.S. real estate strategies, including ICM U.S. Co-Investment Real Estate LP III (“USCI III”), a private limited partnership focused on opportunistic acquisition, development, leasing and stabilization of high-quality real estate assets across the U.S. Sun Belt. 

With prior investments advancing through their lifecycle, USCI III reflects the continuation of ICM’s U.S. real estate strategy. 

Read about USCI III’s latest portfolio acquisition here. 

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