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Ontario  + Canada  + Cross Border News  + Finance  | 
Ontario Teachers' Pension Plan Board has named Pierre Cherki as executive managing director of its new real estate asset group.

Cherki to Head Teachers’ New Real Estate Asset Group

The Ontario Teachers’ Pension Plan Board has appointed Pierre Cherki to lead its new in-house real estate asset group.

Cherki will become the fund operator’s executive managing director of real estate on January 22.

“This is a new investment leadership position at Ontario Teachers’, which will oversee its in-house real estate asset group to be established as of January 1, 2024,” said the board in a news release.

Teachers’ is one of Canada’s largest institutional investors. In June 2023, the board announced an evolution to its real estate investment model that will bring commercial real estate development and investment firm Cadillac Fairview’s international investment professionals in house. The move is designed to align CF professionals with Teachers’ other investment asset groups. 

Cherki will oversee Teachers’ global real estate investment and portfolio management activities and a team of about 40 investment professionals located in Toronto, London, Singapore, Dallas, and Sao Paulo. Teachers’ real estate portfolio, including assets under CF, is valued at $29.3 billion as of June 30, 2023.

“Under Pierre’s leadership, we plan to explore ways of effectively diversifying our portfolio by sector and stage internationally,” said Joe Taylor, Teachers’ president and CEO.

Cherki has served on CF’s board since 2022. He has spent most of his 25-plus-year career in real estate with DWS.

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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