Integrated Asset Management Corp. ("IAM") (TSX:IAM)  and its real estate arm,
GPM Investment Management ("GPM"), announced today the closing of GPM (12), the
12th fund in its highly successful series of  pooled real estate funds, raising
$ 174 million. 


Like the previous 11 funds in the series, GPM (12) is a closed-end,
discretionary fund focusing on industrial properties in the GTA, Ottawa,
Edmonton, Calgary, Vancouver, Montreal and Halifax markets. 


GPM (12) is the largest fund yet raised by GPM. As has become customary,
investors were predominantly repeat investors, with approximately one quarter of
the investors being new to the GPM series of funds. 


The GPM funds have proven very popular with institutional investors making their
first allocation to real estate. They are attracted by the long, successful
track record and the low volatility and stable income generated by GPM. Over the
last 28 years, the composite rate of return on the funds, net of all fees and
expenses, was approximately 12.3 % annually to the end of December 2010. 


Brent Chapman, President & CEO of GPM, said, "We are very pleased with the
confidence our clients have expressed in us and look forward to continuing our
well-established tradition of superior performance." 


GPM is a wholly-owned subsidiary of IAM. IAM is one of Canada's leading
alternative asset management companies, with approximately $2.4 billion in
assets and committed capital under management in private corporate debt, real
estate, private equity, managed futures, global bonds and retail alternative
investments.
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