Fengate Asset Management’s real estate leadership team now includes Jaime McKenna, newly promoted to president, alongside Alison Kimmell and Colin Catherwood as new managing directors.

Investors and lenders are expected to increasingly focus on the physical and transitional risks of climate change, in turn upending some conventional views of costs and value.

Investors are expressing confidence in sustained industrial rent growth, as new supply is not expected to catch up with rampant demand any time soon.

Multifamily assets posted the largest year-over-year decline in net operating income among the four major sectors in the Canada Annual Property Index, while delivering a 7 per cent total return on investment for 2021.

Office and retail were diagnosed as stricken asset classes early in the pandemic, but after 20 months on the disabled list, conventional venues for labour and shopping are rallying to fight for market share.

McKenna will be responsible for the firm's real estate business and is a member of the executive team.