Cadillac Fairview has acquired a 50 percent interest in KDC alongside management and its long-standing partner, Compatriot Capital, a wholly owned subsidiary of Sammons Enterprises. Cadillac Fairview is the global real estate arm of the Ontario Teachers’ Pension Plan, which has more than $200 billion of assets.
KDC will continue developing corporate office facilities across the United States, while also focusing on the development and acquisition of high-quality, mixed-use projects. Coinciding with the partnership, Cadillac Fairview, Compatriot Capital and KDC have closed on their initial $800 million U.S. commercial office and mixed-use fund. The fund marks new ground for KDC and will serve as a long-term investment vehicle for the partners, bolstering their combined portfolio of class A office and mixed-use properties.
The internally capitalized fund will focus on the development and acquisition of Class A corporate office projects and mixed-use projects in top mar
