According to Brookfield Financial's Partner Matt Picken, one noteworthy trend was domestic pension funds exploiting the void created by the retrenchment of REITs in Q2. On the whole, transactions across every sector were down considerably on a year-over-year basis, Matt says. "We also saw unprecedented investor appetite for unsecured real estate debentures and mortgage bonds in 2013," he says. Big deals: The sale of GE Capital's office and industrial portfolio to Slate Properties in May (Slate then flipped the industrial portfolio to PIRET; in the image is 2 St. Clair Ave W, part of the portfolio), and Morguard's purchase of a portfolio of regional malls from CPP for $500M on behalf of its client HOOPP in November.
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