RBC Canada Real Estate Fund Reaches $5B Milestone with Support from Green Bond
RBC Canada Real Estate Fund has successfully reached a significant milestone, hitting the $5 billion mark. This achievement was boosted by a recent $250 million green bond issuance, a strategic move to align the fund with sustainability goals.
The green bond will fund eco-friendly real estate projects, marking a shift towards sustainable investing. With strong growth and a focus on environmentally responsible developments, RBC is solidifying its position in the Canadian real estate market while promoting a greener future.
RBC Global Asset Management announced the RBC Canadian Core Real Estate Fund’s achievement of surpassing a $5 billion gross asset value.
This milestone comes after the fund acquired partial interests in 40 assets, valued at around $860 million, while selling interests in five assets for $175 million. To support growth, the fund issued a $250 million green bond, raising over $500 million, which increased its net asset value to over $4 billion.
