AIMCo Buys Mortgage Portfolio from OMERS

The Alberta Investment Management Corporation (AIMCo) has acquired a mortgage portfolio from the Ontario Municipal Employees’ Retirement System (OMERS). The transaction value was C$ 520 million (US$ 477 million). Most of the 50 mortgages were in high-quality and geographically scattered Canadian mortgages. OMERS has C$ 1.127 billion in mortgage investments.

AIMCo has US$ 3 billion in loans, mostly Canadian mortgage investments.

Among other funds, AIMCo manages Alberta’s Heritage Fund.

OMERS has more than US$ 65 billion in net assets and provides pension pension administration and products and services to approximately 440,000 members in the Canadian province of Ontario.

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