Property Portfolio

230

total number of properties

9,864

residential units

$14.4B assets and 39.4M sq. ft. under management

Assets under Management

as of September 30, 2020

92%

green certified

94%

occupancy rate

Portfolio mix by asset class

Portfolio mix by location

2019 Leasing Performance

Office

In 2019, our national office portfolio finished the year with an occupancy rate of 91.9%. Leasing was active across the portfolio but particularly robust in Vancouver, Toronto, Montreal and Ottawa where tenants from a broad range of industries continued to expand. Despite ongoing economic challenges in Alberta, our regional portfolio outperformed the market with an occupancy rate of 83.9% at year-end.

Industrial

Supported by consumer spending, strong economic growth and the continued rise of e-commerce and omni-channel retailing, our industrial portfolio maintained an occupancy rate of 97.7% in 2019, highest across our managed assets. Demand was broad-based across product types, with small, mid and large-bay buildings seeing strong leasing momentum. With more than two-thirds of total leasing coming from new deals, activity also came from a range of sectors: manufacturing, wholesale and logistics firms all had new commitments in our portfolio last year.

Retail

Amidst rapid shifts in the retail sector, our strategy of owning best-in-class food-anchored centres continued to be accretive to performance. Finishing the year at 96% occupancy, our retail portfolio continued to outperform national benchmarks by a notable margin. “Food, Family and Fitness” remain core elements of our tenant mix strategy, led by a focus on grocery, community and health services and quick and full-service dining. To support our marketing program, we continue exploring the use of digital and spatial technologies to enhance the experience offering to consumers.

Residential

A focus on offering best-in-class amenities and services continues to bode well for our multi-residential properties. Our national portfolio finished 2019 with an overall occupancy rate of 96%, consistent with levels in 2017 and 2018. With continued strong population growth across Canadian cities, positioning our residences to be attractive across demographic groups—including families, seniors, students and working professionals—is a key priority. Suite and lobby upgrades, varied amenity offerings and new digital technologies remain ongoing strategic initiatives in this regard.

Office

Our portfolio of office properties features a range of building classes located in major markets and smaller urban centres. All are managed in accordance with our organization-wide commitment to sustainability. Increasingly, our portfolio features properties, recently developed or upgraded, which incorporate the latest technology for making buildings more comfortable, more efficient and better able to support our tenants’ evolving businesses. The scale and breadth of the properties we manage provide us with greater scope when it comes to matching tenants with office space as well as achieving the portfolio objectives of our clients.

View leasing opportunities

Industrial

Our portfolio of single- and multi-tenant assets is primarily composed of light industrial properties that we can easily and rapidly reconfigure for warehousing, light manufacturing, distribution centres and other needs. These assets are well located and offer convenient access to key transportation infrastructure, labour and customers.

View leasing opportunities

Retail

Carefully situated in both established and growing residential areas, the retail properties we oversee enjoy steady foot traffic from nearby neighbourhoods. Our portfolio mainly features centres anchored by a national retailer and those built around “needs of life” providers, like grocery stores, pharmacies, and other food and amenity offerings for consumers.

View leasing opportunities

Residential

Operating in growing cities with a carefully assembled portfolio of properties, we are building on our foundation of prime locations, unsurpassed amenities, outstanding service and peace of mind for residents so that we become the clear leader in top-tier residential properties.

View leasing opportunities