Crestpoint Hires Blake Steels to Lead New Commercial Mortgage Strategy


TORONTO, October 6, 2021 / CNW / – Crestpoint Real Estate Investments Ltd. (“Crestpoint”) is pleased to announce that it is expanding its product offering to include a dedicated commercial mortgage strategy.

The Commercial Mortgage Strategy (“the Strategy”) will be led by Blake Steels, Vice-President, Head of Mortgage Investments. Steels, a seasoned private market real estate investment manager, joined the Crestpoint team in October 2021, bringing more than 12 years of experience in the real estate debt and equity markets.

“The upcoming launch of our commercial mortgage strategy marks an exciting new chapter for Crestpoint,” said Kevin Leon, President and Founder, Crestpoint. “Our strong understanding of individual properties and the real estate market positions us well to provide rapid and personalized responses to borrowers, which should translate into strong risk-adjusted returns for our investors. We are delighted to have Blake Steels at the helm of this Strategy. ”

The Strategy is a higher yielding, short-term fixed income strategy focused on long-term capital preservation designed to generate attractive risk-adjusted returns by providing borrowers with different options to meet their capital needs. The strategy will be stand-alone, separate from the Core Plus real estate strategy. The strategy will focus primarily on conventional and conventional mortgages plus on properties located in Canada.

About Crestpoint

Crestpoint Real Estate Investments Ltd. is a commercial real estate investment manager, with $ 6.3 billion of gross assets under management, dedicated to offering investors direct access to a diversified portfolio of commercial real estate assets. Crestpoint is part of the Connor, Clark & ​​Lunn Financial Group, a multi-store asset management company that provides investment management products and services to institutional clients and high net worth clients. With offices across Canada and in Chicago and London, Connor, Clark & ​​Lunn Financial Group and its affiliates are collectively responsible for the management of approximately $ 100 billion in assets. For more information, please visit: www.crestpoint.ca.

SOURCE Crestpoint Real Estate Investments Ltd.

For further information: Kevin Leon, President and Founder, Crestpoint Real Estate Investments Ltd., (416) 304-6632, [email protected]

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