Ivanhoé Cambridge and partners join a partnership of Goldman Sachs and Greystar in a portfolio of 8,010 units in 27

Ivanhoé Cambridge and partners join a partnership of Goldman Sachs and 
Greystar in a portfolio of 8,010 units in 27 multiresidential properties in 
the U.S. 
An investment in a US$1.5 billion portfolio across key U.S. markets 
MONTREAL, April 9, 2013 /CNW Telbec/ - Ivanhoé Cambridge has joined a 
partnership of the Real Estate Principal Investment Area of Goldman, Sachs & 
Co., Greystar Real Estate Partners and other partners in a portfolio of 27 
high-quality multiresidential properties in core strategic locations across 
the United States. The partnership follows Goldman Sachs and Greystar's 
recent acquisition of the assets from Equity Residential in a transaction 
valued at US$1.5 billion. 
The income-producing portfolio of Class A and Class B apartment communities 
features 8,010 units located in markets that are characterized by high 
barriers to entry as well as strong economic and job growth potential. The 
vast majority of the assets were built in the years 1990-2000 and are located 
in high-performing sub-markets of key U.S. cities. The partners have agreed to 
embark upon a multi-year maintenance and renovation investment program for all 
"Ivanhoé Cambridge's significant participation in this transaction aligns 
perfectly with our strategic plan to seize promising real estate investment 
opportunities and increase our critical mass with a well-distributed 
diversification in priority U.S. markets," said Sylvain Fortier, Executive 
Vice-President, Residential and Hotels. "We believe we found in Greystar a 
highly skilled, respected operator and investment partner. The investment and 
operational expertise of the partnership will serve to strengthen the value of 
the assets and generate attractive returns for our investors." 
"This transaction fits perfectly in our investment strategy to acquire assets 
with strong existing cash flows at values below replacement cost located in 
markets with high employment and population growth," said Bob Faith, 
Greystar's Chairman and CEO. "We are pleased to begin this relationship with 
new partners who believe in the strength and growth of this market segment in 
the United States." 
About Ivanhoé Cambridge 
Ivanhoé Cambridge is a world-class real estate company that leverages its 
high-level expertise in all aspects of real estate including investment, 
development, asset management, leasing and operations, to deliver an optimal 
return for its investors. Through its multiple subsidiaries, its assets in 
more than 20 countries are valued at over Cdn$35 billion as at December 31, 
2012. Ivanhoé Cambridge is a real estate subsidiary of the Caisse de dépôt 
et placement du Québec (lacaisse.com), one of Canada's leading institutional 
fund managers. For more information, visit ivanhoecambridge.com. 
About Greystar Real Estate Partners
Greystar Real Estate Partners is a fully integrated multifamily company 
offering expertise in property management, development and investment 
throughout the United States. Headquartered in Charleston, SC., Greystar is 
the largest operator of apartments in the United States and manages 
approximately 200,000 units in 100+ markets with over 5,000 team members. 
Greystar was founded by Bob Faith in 1993 with the intent to become a provider 
of world-class services in the multifamily real estate business. Greystar's 
innovative business model integrates the management, development and 
investment disciplines of the multifamily industry. To learn more about 
Greystar, visit www.Greystar.com. 
About Goldman, Sachs & Co. 
The Goldman Sachs Group, Inc. is a leading global investment banking, 
securities and investment management firm that provides a wide range of 
financial services to a substantial and diversified client base that includes 
corporations, financial institutions, governments and high-net-worth 
individuals. The Real Estate Principal Investment Area is part of the Merchant 
Banking Division. Founded in 1869, the firm is headquartered in New York and 
maintains offices in all major financial centers around the world. 
Ivanhoé Cambridge: Sébastien Théberge +1.866.456.3342 
Greystar: Tim Cook +1.813.864.1989 tcook@greystar.com 
Goldman, Sachs & Co.: Andrea Raphael +1.212.357.0025 andrea.raphael@gs.com 
SOURCE: Ivanhoé Cambridge 
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CO: Ivanhoé Cambridge
ST: Quebec
-0- Apr/09/2013 12:00 GMT
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