Hazelview Adds Presima Assets in Push to Scale REIT Business

Hazelview Investments Inc., a private money manager that specializes in commercial real estate, is combining its listed real estate business with that of Presima Securities ULC in a move to bulk up its global platform.

Under the transaction, Toronto-based Hazelview will assume Montreal-based Presima’s investment management contracts, the companies said in a joint statement Monday. Key portfolio managers, such as Marc-Andre Flageole, head of Presima’s REIT team, will be joining and continuing to run their existing strategies, according to Hazelview Managing Partner Samuel Sahn.