AIMCo Acquires OMERS Mortgage Portfolio
Edmonton, Alberta, Canada (August 15, 2014)– Alberta Investment Management Corporation (“AIMCo”) is pleased to announce that it has acquired, on behalf of its clients, a $520.3 million mortgage portfolio of the Ontario Municipal Employees Retirement System (“OMERS”). With $3 billion in loans, AIMCo is one of Canada’s leading mortgage lenders. The asset class is an important fixed income risk diversifier for its clients. The acquisition of fifty high-quality, geographically dispersed Canadian mortgages fits well with AIMCo’s existing holdings secured by institutional quality, income producing properties. Most of AIMCo’s current loans are Canadian, although a number of attractive transactions were recently sourced in the United States and Europe.