In 2020, because of significant market uncertainty, increased vacancy and low growth projections, our Investment portfolio experienced muted valuations. In 2021, the portfolio recovered and values rose by C$243.4m, or 7.7%, year-on-year. Proactive management and new technology adoption led to reduced vacancies, improved cost-management, accounting automation and increased rents.
We partnered with Near to better understand footfall and dwell times; RealPage to provide real-time portfolio data analytics and benchmarking against peer groups; DealPath to aggregate acquisition opportunities and augment deal flow and DataBridge, to digitally aggregate property valuations.