Canada Life Participating Account

Direct Real Estate Investment is a core component of the Canada Life Participating Account’s long-term strategy. GWL Realty Advisors Inc. manages Canada Life Participating Account’s $4.8 billion Direct Real Estate portfolio, directing its Strategy, Investments and Management, offering its full suite of services, including Portfolio Management, Investments, Development, Asset Management, Property Management and Leasing, to support its continued growth and performance.

For more information on the Canada Life Participating Account, visit www.canadalife.com.

 

$4.8B

Par Direct Real Estate value

$1.7B

Development pipeline

9.6M

Square feet of commercial property

3.0K

Rental apartments

81

Properties

Portfolio Overview

  • Under a Core real estate strategy, the portfolio targets high-quality income-producing properties and ground-up development opportunities, designed to provide stable, long-term growth, well positioned to deliver real returns and capital appreciation over time.
  • Totalling over 9.6 million sq. ft. of commercial area and over 2,600 multi-family rental units, the portfolio invests across all major real estate property types and is diversified across North America, focused mainly on primary Canadian and U.S. markets.
  • The portfolio strategy does not utilize mortgage financing.
  • Real estate forms an important part of the overall Canada Life Participating Account strategy, providing diversification, stable income return and strong risk-adjusted returns, with real estate serving as a natural inflation hedge.

Holdings by geography

Holdings by geography: British Columbia 12%, Alberta 9%, Ontario 46%, Quebec 7%, Mountain U.S. 4%, Pacific U.S. 10%, Southwest U.S. 1%, Northeast U.S. 9%, Southeast U.S. 3%

Holdings by property type

as of September 30, 2022

Economic sector/tenancy exposure*

as of September 30, 2022

* Commercial Office, Industrial and Retail properties only, by rental revenue.

Source of return

as of  September 30, 2022
Income Capital Total

Featured Properties

Canada Life's Participating Account insurance policies are issued by The Canada Life Assurance Company. GWL Realty Advisors manages some of the real estate assets of the Canada Life Participating Account.

For more information on the Canada Life Participating Account, visit www.canadalife.com.