Funds
CanFirst Capital Management offers a range of real estate funds focused on long-term value in Canada’s core industrial markets.
returns for investors
Since 2002, CanFirst Capital Management has managed a group of closed-end and open-end funds. Focused on acquiring industrial real estate assets located within Canada’s main geographic growth markets, CanFirst’s funds are open to institutional as well as private accredited investors.
Smart wealth doesn’t chase headlines.
It lives here.
What is CIPREF?
The CanFirst Income Plus Real Estate Fund (CIPREF) is a core+ investment strategy focused on owning the essential industrial properties that power Canada’s economy—from distribution hubs to last-mile logistics. Designed for long-term investors, CIPREF delivers stable, tax-efficient income through a portfolio of real estate that rarely makes headlines—but always delivers. This is where smart wealth lives.
As of January 31, 2025. Class A Series I performance shown as representative. All performance figures greater than one year have been annualized. Inception date: June 28, 2018.
CanFirst’s Growth Funds target underperforming industrial assets with untapped potential. Backed by disciplined underwriting and a clear value-add strategy, these funds focus on properties where leasing, upgrades, and operational improvements can drive meaningful returns. The most recent fund, CIRF VIII, raised over $219 million in its first close — a strong signal of investor confidence in our approach. Designed for those seeking long-term growth in Canada’s core industrial markets.
“We don’t chase trends. We build value — one asset at a time.”
CanFirst’s Development Fund focuses on new industrial opportunities in key Canadian markets. With $122 million raised in 2022 and the fund currently in its investment period, it is designed to support the creation of modern logistics, warehousing, and distribution facilities. This fund reflects CanFirst’s long-term confidence in Canada’s economic resilience and the continued demand for functional, future-ready industrial real estate.