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Fiera Real Estate Industrial Fund Reaches $1 Billion in AUM and Ranks #1 in the MSCI/REALPAC Canada Quarterly Property Fund Index
Fiera Real Estate Industrial Fund Reaches $1 Billion in AUM and Ranks #1 in the MSCI/REALPAC Cana...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n \n \n \n Fiera Real Estate Industrial Fund Reaches $1 Billion in AUM and Ranks #1 in the MSCI/REALPAC Canada Quarterly Property Fund Index\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n TORONTO\n \n \n ,\n \n \n Feb. 1, 2024\n \n \n /CNW/ - The Fiera Real Estate Industrial Fund (\"\n \n FRE Industrial Fund\n \n \"), an open-ended industrial fund managed by Fiera Real Estate, the global real estate investment platform of Fiera Capital Corporation (\n \n \"Fiera Capital\"\n \n ), reached over\n \n C$1 billion\n \n in assets under management as of\n \n December 31, 2023\n \n . Notwithstanding a challenging year in a difficult macroeconomic environment, the FRE Industrial Fund completed over\n \n $100 million\n \n in transactions comprising of nine industrial assets across the\n \n Greater Toronto Area\n \n ,\n \n Ottawa\n \n ,\n \n London\n \n , and\n \n Halifax\n \n adding 560,000 square feet.\n \n \n The Fund achieved a gross total return of 8.5% for 2023, ranking the fund #1 in the MSCI/REALPAC Canada Quarterly Property Fund Index, and has achieved 18.2% and 16.7% over the last three and five years, respectively. The Canadian performance index covers nine unlisted open–ended real estate funds which had a benchmark gross total return for 2023 of negative 2.0%.\n \n \n \"The FRE Industrial Fund continues to grow and provide stable quarterly income by being in the highly coveted small-bay industrial segment,\" said\n \n Michael O'Sullivan\n \n , Senior Vice President and Fund Manager. \"In addition, the undersupply of buildings and high tenant demand positions the Fund for strong growth in 2024.\"\n \n \n \"Our conviction and management capabilities in the industrial real estate sector has supported our performance in all our multifaceted products across the risk spectrum and various geographies,\" added\n \n Wenzel Hoberg\n \n , Global Head of Real Estate.\n \n \n \n John ...