The pension fund manager is making the investment through its joint venture with a Singapore-based fund manager and a Chicago-based property company
Despite the market gains, pension fund net income declined during Q3 as both revenue and expenditures dropped, StatsCan reports
Equities, real estate and infrastructure investments performed well
Net assets rose by $8.1 billion to $85.2 billion at the end of 2016, making OMERS one of Canada's largest retirement funds
DB pension plans recorded an overall annual return of 6.8% in 2016, up from 5.4% in 2015, thanks to Canadian energy, materials and financial services equities, an RBC report notes
OPTrust released a report last week that reviewed how four climate scenarios would affect its $18 billion portfolio
Aging populations, sluggish growth in Europe and a growing anti-globalization sentiment remain factors that could affect economic growth
StatsCan reports that these pension funds rose by 1.8%, up from a 1.3% decline in Q1, thanks to higher investment income and better contributions
Pension risk transfer agreements have become more popular as continuously improving life expectancy threatens the long-term financial viability of many pension plans
Some advisors forecast a range of outcomes for clients with private-sector DB plans, ranging through full benefits to partial reduction of benefits to a complete collapse of the plan