In 2019, RBC Global Asset Management (“RBC GAM”), in partnership with BCI and QuadReal, launched the RBC Canadian Core Real Estate Fund (RBC CCREF or ‘the Fund’) to provide investors with an opportunity to invest in one of Canada’s largest, highest quality commercial real estate portfolios. To ensure a focus on performance and service excellence, the portfolio is actively managed by RBC GAM and QuadReal.
QuadReal brings deep resources to the partnership through its investment management expertise, strong property management capabilities and award-winning operations team. RBC GAM’s broad investment management resources, economic research, and substantial global relationships further set the partnership apart from others in the market.
The partnership, which began with a 45-asset portfolio valued at $7.5 billion, has since grown to 88 assets, exceeding $10 billion in value, with ambitions to continue growing the partnership leveraging the unique capabilities of each firm.
In alignment with the partnership’s dedication to integrating Environmental, Social, and Governance (ESG) considerations into its decision-making and asset management processes, the partnership deploys researched backed, evidence-based strategies to deliver returns and reduce climate risk across the portfolio with a goal of creating sustainable environments for the people and communities it serves.
Head Private Markets, RBC GAM
The RBC CCREF was established to offer investors access to a distinctive portfolio of Canadian commercial real estate assets. Through this partnership:
RBC CCREF operates as an open-ended investment trust that provides investors with sustainable and predictable income along with attractive total returns by investing directly in income-producing properties located across major Canadian markets.
BCI serves as a strategic, long-term investment partner, ensuring long-term alignment with one of Canada’s largest public pension plan investors.
QuadReal acts as both the asset manager and property manager.
RBC GAM acts as the portfolio manager and is responsible for strategic planning and execution for the Fund, including portfolio construction and risk management.
President, Canadian Real Estate QuadReal
GRESB, an organization that provides ESG data in financial markets, has ranked the Fund third in Canada in the Non-Listed Core Diversified Category and the Fund has earned its fourth consecutive five-star rating in its 2024 GRESB assessment results.
More information about GRESB can be found on its website.
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