Combined Pension Plan Real Estate Equity Program Performance1 (%)
Annualized return for the period ended December 31, 20222
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.
2Assets in the real estate equity 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.
2Assets in the real estate equity 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.
REAL ESTATE EQUITY ASSETS BY PROPERTY TYPE (%)
As at December 31, 20221
1Assets in the real estate equity 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.
2Residential includes condominium, multi-family rental, student housing, and senior housing.
3Alternatives include land, hospitality, technology, data centres, storage, health care, child care, land leases, and other.
2Residential includes condominium, multi-family rental, student housing, and senior housing.
3Alternatives include land, hospitality, technology, data centres, storage, health care, child care, land leases, 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.