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.
Brewery Development Site, Edmonton, AB
1188 West Georgia, Vancouver, BC
Goreway Business Park, Brampton, ON
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.