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AIMCo. To Deal in Real Estate to Increase Profit

AIMCo. To Deal in Real Estate to Increase Profit
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A pension-fund manager organization named as Alberta Inveatment Managaement Corporation having assets of C$6.8 billion ($71.5 billion) has now formulated a policy to invest in the real estate sector so as to give a rise to its annual returns. This was announced by the Chief Executive Officer of the company today.

AIMCo came into being on January 2008 in order to handle investments of the provincial government of Alberta including the public pension program and its endowments. The company is also involved in a commercial investment fund like the Ontario Teacher’s Pension Fund. Moreover, the company also has a C$15.5 billion investment in the Alberta Heritage Savings Trust Fund.

The CEO of the Alberta-based company said that he is looking for mid-sized opportunities. He further said that making good deals is what he is believes in no transaction will be made merely for the sake of making one. These statements were quoted in an interview the previous day.

The company is searching for properties in any country of the world but the real estate should provide profitable returns and stability in the long run. Basically, the company is aiming to invest in real estate properties in the U.S and the European markets as these markets have some potential in it which was the main idea of the real estate investment deal.

The annual report saying of AIMCo declares that the foreign properties may show a rising trend of one-third of the total real estate belongings of the company. Presently, the company’s property investment is mostly confined in Canada and only 3.5 per cent of it belongs to US, UK and European countries

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About Drew Wilson

Drew focuses on the Commercial and Mortgage/Finance categories.

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