London Life Real Estate Fund
The London Life Real Estate Fund was launched in 1998 to create a vehicle for direct real estate investment. The Fund invests in 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.
Fund Performance
as of May 31, 2024
$3.3B
in real estate assets
$3.8B
in total assets
80
properties
Source of return
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
Income | 4.0% | 4.5% | 4.4% | 4.2% | 4.2% | 3.9% | 3.4% | 3.4% | 3.8% | 1.0% |
Capital | 0.4% | 0.8% | 0.9% | 2.1% | 5.5% | (1.1)% | 13.1% | 3.5% | (6.8)% | (0.7)% |
Total | 4.5% | 5.3% | 5.3% | 6.3% | 9.7% | 2.7% | 16.5% | 6.9% | (3.0)% | 0.3% |
Compound rates of return
(gross of investment management fees)
Three Month | 0.3% |
Year-to-date | 0.3% |
One Year | (1.7)% |
Three Year | 5.5% |
Five Year | 6.0% |
Ten Year | N/A |
Diversification by property type
By property type (millions)
Retail | 11.0% | $ | 361 |
Office | 29.2% | $ | 958 |
Industrial | 32.1% | $ | 1,053 |
Residential | 24.1% | $ | 791 |
Other | 3.5% | $ | 114 |
Diversification by region
By region (millions)
British Columbia | 22.6% | $ | 740 |
Alberta | 9.5% | $ | 312 |
Prairies | 0.5% | $ | 17 |
Ontario | 56.9% | $ | 1,865 |
Quebec | 8.1% | $ | 267 |
Atlantic | 2.2% | $ | 71 |
U.S. | 0.1% | $ | 4 |
Quarterly Highlights
Q1 2024 London Life Real Estate Fund Bulletin
For the first quarter in 2024, the London Life Real Estate Fund posted a 31-basis point total return. Overall portfolio occupancy remained strong and continues to be a good predictor of income performance, which totalled 102 basis points in Q1. Additional updates from the period follow below.
![](/wp-content/uploads/2023/06/Brewery.png)
Brewery Development Site, Edmonton, AB
![](/wp-content/uploads/2023/06/1188-West-Georgia.jpg)
1188 West Georgia, Vancouver, BC
![](/wp-content/uploads/2023/06/Goreway.jpg)
Goreway Business Park, Brampton, ON
![](/wp-content/uploads/2023/06/Enfield.jpg)
185 Enfield Place, Mississauga, ON
Downloads
Latest bulletin
Past Performance Reports
Quarterly Bulletins
Q1 2024 Bulletin |
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Q4 2023 Bulletin |
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Q3 2023 Bulletin |
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Q2 2023 Bulletin |
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Want to Invest?
Contact a London Life advisor to invest in the London Life Real Estate Fund.