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AIMCO head Leo de Bever. (Chris Bolin For The Globe and Mail)
AIMCO head Leo de Bever. (Chris Bolin For The Globe and Mail)

Alberta Investment Management buys OMERS mortgage portfolio Add to ...

Canada’s Alberta Investment Management Corp. said on Friday it had acquired a $520.3-million mortgage portfolio from the Ontario Municipal Employees Retirement System (OMERS).

AIMCo, one of Canada’s largest pension funds with over $75-billion assets under management, including some $3-billion in loans, is already a leading mortgage lender.

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The acquisition of high-quality, geographically dispersed mortgages fits well with AIMCO’s existing holdings of income producing properties, said AIMCo in a statement.

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