“This transaction brings together two highly complementary REIT platforms to create a deeper, more experienced global investment team, ultimately benefiting all clients, including financial advisors and their clients,” Hazelview’s managing partner and CIO, real estate, Corrado Russo, told WP.
Comprehensive platform
Expanding on the rationale behind the deal, he said the integration is designed to build a more comprehensive platform for investors and advisors alike.
“Hazelview already offers a range of retail-focused REIT strategies and has a long-standing, global institutional client base, and this integration further strengthens that foundation. By combining the Presima and Hazelview REIT platforms, we’re enhancing our research capabilities, expanding coverage across North America, Europe, and Asia, and deepening the bench behind all strategies. Advisors can expect the same institutional-quality approach, with no changes to fees, liquidity, or access, but with the added benefit of a stronger, more globally integrated platform.”
Russo added that, over time, the firm will explore opportunities to broaden its product offering, including within the retail channel.
Marc-André Flageole, managing director of public markets and head of Presima, said the transition gives investors access to a stronger platform without disrupting existing relationships or strategies.