Two Fiera Real Estate Funds Rank at the Top of MSCI/REALPAC Index
Fiera Real Estate is proud to announce the strong performance of the Fiera Real Estate Industrial Fund (“FREIF”) and the Fiera Real Estate CORE Fund LP (“CORE Fund”) compared against the benchmark, the MSCI/REALPAC Canada Quarterly Property Fund Index (“PFI”). The FREIF ranked first of the nine contributing funds for both Q4 and the full year of 2020 while the CORE Fund ranked second for Q4 and third for the full year.
The FREIF is heavily weighted to the industrial sector and has significantly outperformed at the asset level within that sector. The CORE Fund’s outperformance was driven by its industrial bias and stability in its office and retail holdings. The resiliency of the portfolios during unprecedented times has been and continues to be unwavering. Strategic portfolio construction combined with property-level leasing and asset management execution has created value for our investors. We continue to strive for excellence and thank our investors for their trust and loyalty.
Learn more about the MSCI/REALPAC Index here