Established in 1981, the Great-West Life Real Estate Fund is one of Canada’s largest real estate segregated funds. The Great-West Life Real Estate Fund (also known as the Canadian Real Estate Investment Fund No. 1 (or CREIF)) invests in a portfolio of high-quality, income-producing properties diversified by type and location. The objective is to provide investors with strong income returns and the opportunity for long-term capital appreciation.
Through three quarters of 2023, the total gross return for the Canadian Real Estate Fund No.1 was -0.56%. Positive contributions from income and mortgage valuation continue to be offset by the impact of the current interest rate environment on asset values.