CanFirst IncomePlus Real Estate Fund (CIPREF)

Fund Details


  • Created June 2018

  • Investing in Core and Core Plus Properties

  • 4%-6% Target Annual Distribution

  • 9%-10% Target Total Annual Return

  • Open-Ended Vehicle

CIPREF Performance, Net of Fees

As at June 30, 2021. Class A1 Series 1 performance showed as representative. All periods greater than 1 year have been annualized. Inception date: June 20, 2018.

CIPREF Growth of $10,000, Net of Fees

As at June 30, 2021. Class A1 Series 1 performance showed as representative. Growth of $10,000 shown over longest common period, starting June 30, 2018.

CIPREF Distribution History

As at June 30, 2021. Class A1 Series 1 distribution history showed as representative.

AUM ($ Millions)

As at June 30, 2021. Includes all series and classes.

Fund Objectives


To seek income, growth and capital preservation by investing in high quality commercial real estate

9-10% annual total return target, net of all fees

4-6% annual distribution target, paid quarterly as cash or re-invested units

Invest across Industrial, office, and retail properties with a focus on those that service the e-commerce and technology sectors

Why Invest?


The CanFirst Team has been trusted by institutional and HNW clients for over 19 years. Our value add experience allows us to extract top value in Core and Core Plus opportunities and we have a strong reputation for acquiring quality mid-size properties.

  • Low correlation to traditional asset classes

  • Pay yourself more with tax efficient distributions

  • Natural hedge against inflation

  • Lower risk than public equities