Real estate investment advisor Bentall Kennedy is launching a new real estate investment fund, the Bentall Kennedy Canadian Real Estate Plus. The fund will be available to members of defined contribution pension and savings plans provided by Sun Life Financial.
“This is an exciting new venture for us,” says Gary Whitelaw, CEO of the Bentall Kennedy Group of Companies. “Throughout our 100 plus year history, we have been fortunate to be able to help a wide range of institutional investors accomplish their investment goals through real estate. This new vehicle gives us the opportunity to meet the needs of group retirement plan members in the same way.”
Canadian Real Estate Plus aims to provide stable income returns for plan members. It aims to offer value appreciation potential through investment in a diversified mix of office, industrial, retail, multi-family residential and other income producing properties, in addition to land held for development. .
The investment fund portfolio will primarily be allocated to a $3.5 billion diversified portfolio of commercial real estate managed by Bentall Kennedy in Canada, which has been open solely to institutional investors since 1983. The new investment fund is the first product that allows group retirement plan members access to these investments.
The balance of the fund’s portfolio is allocated to cash equivalents and securities that track a portfolio of REITs. This will permit plan members to purchase and redeem their investments through Sun Life Financial on a daily basis.
