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Building a new in-house real estate team

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In 2023, Ontario Teachers’, along with its real estate subsidiary Cadillac Fairview (CF), announced it will evolve their operating model to accelerate further the growth and diversification of its real estate investments. CF will remain a core part of Ontario Teachers’ global real estate portfolio.

Under this new model, Ontario Teachers’ has established an in-house real estate team which will focus on ways to effectively diversify the portfolio by region, sector and stage, while CF will focus on the growth and diversification of its best in class real estate portfolio in Canada. CF and Ontario Teachers’ will continue to work as one team to drive increased value. Previously, all real estate efforts were led by CF. 

To establish the new in-house team, approximately 50 investment and support professionals officially joined Ontario Teachers’ from CF on January 1, 2024. As well, Ontario Teachers’ appointed a new Executive Managing Director for Real Estate, Pierre Cherki, to oversee the entire real estate portfolio.

Ontario Teachers’ real estate asset class has over

$28B

in net assets finance project icon