Fidelity Investments Canada has entered into an agreement with Brookfield Asset Management, whereby Brookfield will invest in and manage a newly formed portfolio of high-quality Canadian real estate assets on behalf of Fidelity.
Fidelity plans to allocate this portfolio to a number of Fidelity Private Investment Pools and is also actively exploring other opportunities to utilize this portfolio. Strong active management combined with the long-term benefits of private real estate can further enhance diversification in investors' portfolios.
Private real estate assets under management have grown significantly during the past two decades, as investor demand continues to increase for alternative sources of income, capital appreciation and diversification. As this trend is expected to continue and real estate markets experience constant change against the backdrop of rising rates and an emerging hybrid economy, Fidelity intends to bring to market a real estate strategy, leve
