CIIAM launches global real-estate fund

The fund is offered in collaboration with a global real-estate investment firm

CIIAM launches global real-estate fund
CI Institutional Asset Management (CIIAM), a division of CI Investments, has launched a global real estate fund for institutional and high-net-worth (HNW) investors in Canada.

The new CI Global Private Real Estate Fund is offered in partnership with CBRE Global Investment Partners (CBRE GIP), a division of a globally recognized real-estate services and investment company. The fund lets HNW investors and smaller Canadian institutions gain exposure to the CBRE GIP Global Alpha Fund, an open-ended fund with direct investments in properties in North America, Europe, and the Asia-Pacific region.

“Investing in a global portfolio of private real estate offers many benefits, including attractive returns, diversification, low or negative correlation to stock and bond markets, a potential inflation hedge, and stable income,” said CIIAM President Neal Kerr.

Ian Gleeson, CIO of CBRE GIP, said his firm is pleased with the partnership. “Through this relationship, we are able to deliver accessibility to a unique global real estate portfolio that normally only sovereign wealth funds could access,” he said.

The CI Global Private Real Estate Fund is an actively managed Canadian-based trust that will invest indirectly in the CBRE GIP Global Alpha Fund, which is invested in over 1,900 office, retail, logistical, and residential properties in more than 20 countries. Offered on an exempt basis, the CI Global Private Real Estate Fund is available to permitted clients with a minimum investment of US$2 million, and to accredited investors with a minimum investment of US$150,000.


Related stories:
New portfolio sub-advisor for CI funds
CI Financial announces partnership with Aussie fund manager
 

LATEST NEWS