Can$22 billion of CDP's total assets of Can$120 billion are in real estate, much of it outside Canada. It has the largest real estate portfolio in Canada, which includes commercial, residential and office properties, manages the largest portfolio of Québec and Canadian stocks and is the principal holder of Québec government bonds. Cadim invests mostly in the residential and related sectors and partners with investors including real estate managers and builders who often manage day-to-day operations of properties on its behalf
Formed in 1991, Praedium established a commingled fund program in 1994 and has developed three other investment programs that now have total of more than $2 billion. It targets middle-market properties valued at less than $75 million for its investors, which include pension funds, financial institutions, insurance companies and endowments.Russell L. Appel, president of Praedium, remarked on the new alliance that, "Cadim and its parent are among North America's most important financial concerns and we are proud to have them supporting our business and investment plans."
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