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Real Estate Debt Program

Our clients’ real estate debt program is managed by QuadReal Property Group – a company created and owned by BCI to manage our clients’ real estate and mortgage programs. As a significant lender to the commercial real estate industry, QuadReal provides commercial financing in Canada and the United States.

The $8.9 billion portfolio (net) focuses on direct mortgage investments and includes strategic investments with best-in-class real estate owners, developers, and partners. Investments are diversified by loan size, region, and property type with a focus on industrial, office, multi-family residential, and retail.

Fiscal 2024 Highlights

Real Estate Debt Performance
Real Estate Equity Debt
REAL ESTATE DEBT PROGRAM PERFORMANCE1 (%)

Total Program

SEE FOOTNOTE(S)

1 Assets in the real estate debt program are valued annually at December 31. Returns for the program and benchmarks are presented on a time-weighted rate of return basis.

0
0
1 Year
Benchmark
REAL ESTATE EQUITY DEBT BY PROPERTY TYPE1 (%)
SEE FOOTNOTE(S)

1 Undeveloped land not entitled for intended use is classified as alternatives (e.g. farmland). Pre-development land has been classified based on the intended use.
2 Residential includes multi-family rental, student housing, and seniors housing.
3 Alternatives include land, hospitality, technology, data centres, storage, health care, land lease and other.

Real estate equity and real estate debt are managed by QuadReal Property Group.

Real Estate Debt Investments

QuadReal Property Group, an independently operated company wholly-owned by BCI, manages our clients’ real estate and mortgage programs.

Established to manage BCI’s real estate and mortgage programs, QuadReal is a Canadian real estate investment, development and management company operating on a global scale. Their mandate is to deliver prudent growth and strong real estate investment returns. Within Canada, QuadReal is an established manager and developer. Globally, the company invests strategically with long-term partners offering local expertise in dynamic global cities such as New York, London, and Hong Kong. QuadReal focuses on high-quality service to tenants and residents, working with best-in-class partners, and building trusted relationships based on a foundation of trust and integrity.

Visit QuadReal.com

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Managing Risk

Risk management is integral to our investment approach. It’s the process in which we identify, evaluate, control, monitor, and communicate risks and opportunities.

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Performance

We work to achieve our clients’ risk-adjusted return requirements and are committed to creating sustainable value for our clients in a changing world.

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ESG

As a long-term investor, incorporating ESG considerations into our approach is an essential part of who we are and what we do.

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