CANADA/US - The Canada Pension Plan Investment Board has entered the US residential real-estate market with eight separate transactions worth more than $300m.
The residential investments in Boston, Washington D.C., Los Angeles, San Jose and Seattle involve multi-family properties which CPPIB believes are poised to offer better returns than single-family homes.
CPPIB's strategy for US real estate investment is to acquire high quality assets in key markets, alongside "best-in-class" partners, it added.
Here are key takeaways from our 2019 Asset Allocation Outlook on how we are positioning asset allocation portfolios in light of our outlook for the global economy and markets.
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