Combined Pension Plan Real Estate Debt Program Performance1 (%)
Annualized returns for the periods ended March 31, 2023
1The Combined Pension Plan Clients reflect the investments of BCI's six largest pension clients: BC Hydro Pension Plan; College Pension Plan; Municipal Pension Plan; Public Service Pension Plan; Teachers' Pension Plan; and WorkSafeBC Pension Plan.
REAL ESTATE DEBT HOLDINGS BY PROPERTY TYPE1 (%)
As at December 31, 20222
1Undeveloped land not entitled for intended use is classified as alternatives (e.g. farmland). Pre-development land has been classified based on the intended use.
2Assets in the real estate debt program are valued annually at December 31. Returns for the program are calculated on an internal rate of return basis and benchmarks are presented on a time weighted rate of return basis. Values do not sum to 100 due to rounding.
3Residential includes multi-family rental, student housing, and seniors housing.
4Alternatives include land, hospitality, technology, data centres, storage, health care, child care, land lease and other.
2Assets in the real estate debt program are valued annually at December 31. Returns for the program are calculated on an internal rate of return basis and benchmarks are presented on a time weighted rate of return basis. Values do not sum to 100 due to rounding.
3Residential includes multi-family rental, student housing, and seniors housing.
4Alternatives include land, hospitality, technology, data centres, storage, health care, child care, land lease and other.
Established to manage BCI’s real estate equity and debt 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.
