Real Estate Decline Costs Defensive Pension, What’s Next In Real Estate?
Posted on 03/14/2024
Ontario Teachers’ Pension Plan Board (Ontario Teachers’) returned only 1.9% for the year ended December 31, 2023 despite strong gains in public equities and credit. The problem area proved to be infrastructure and real estate. Net assets grew to CA$ 247.5 billion, but Ontario Teachers’ plans to have CA$ 300 billion in net assets within…
