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Pensionfund Realty Limited is a privately held real estate company owned by 26 of 's largest pension funds. Pensionfund Realty holds a direct interest in a large and broadly diversified portfolio of properties.
Structure
- a privately held real estate company (incorporated under Section 149 of the Income Tax Act) which is owned by 26 of Canada's largest pension funds
- Pensionfund Realty provides direct real estate investments through a series of individual syndications that use specially created participating bonds to flow property income to the investor
- investors can hold up to 100% of a property, or alternatively may co-invest in a series of properties to create a diversified portfolio
- investment interests can be bought or sold through a well-developed secondary market in the assets
Investor Profile
- typically medium to larger size pension funds with real estate assets in excess of $20 million
- investors participate in the acquisition decision and in the approval of annual business plans and budgets, but delegate leasing and capital expenditure decisions to the asset manager
- the vehicle provides investors with an opportunity to participate in a broadly diversified portfolio of properties which has been selected specifically to meet the investor's needs
Investment Characteristics
- Pensionfund Realty includes 107 properties representing 12 million square feet of office, industrial and retail space valued at approximately $2.0 billion
For further information, please contact:
Gordon Vollmer
Senior Vice President, Investments
gvollmer@morguard.com
Phone (905) 281-5831
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