Charles Emond and Rana Ghorayeb

In June 2026, La Caisse, the French-Canadian investment group led by CEO Charles Emond, paired with several other investment groups, including PSP Investments, Norges Bank Investment Management and TPG Real Estate, to acquire Echo Realty, an owner and operator of around 230 grocery-anchored shopping centers across the Midwest and Southeast U.S., for around $2 billion.   

In a statement at the time, Rana Ghorayeb, head of real estate for La Caisse, which is also Canada’s second-largest pension fund, said the transaction reflected its commitment to investing in “resilient, needs-based segments that demonstrate sustained underlying demand and stability.”

La Caisse manages over $367 billion in assets, with almost $31 billion of that centered in real estate investments.

In March 2026, La Caisse partnered with U.S.-based real estate investment adviser Sagard Real Estate to invest $360 million in industrial outdoor storage (IOS) properties in U.S. seaport markets, including Southern California, the New York region, the San Francisco Bay Area, Houston and the Baltimore-Washington corridor.

The partnership’s first acquisition was an IOS investment in New Jersey’s Meadowlands submarket.  

The following month, La Caisse announced a joint venture with Prologis to create Prologis Logistics Investment Venture Europe (PLIVE), which is focused on acquiring, developing and operating high-quality logistics properties. La Caisse holds a 70 percent stake in the venture, which has been seeded with $1.15 billion as well as around 844,000 square feet of development sites across Europe.

The company has also made significant investments in infrastructure and sustainability, including launching a $600 million financing program for sustainable commercial real estate development in partnership with Nuveen Green Capital in October 2024. Emond affirmed and explained the company’s commitment to sustainability to Singapore’s Business Times in October 2025.

“We believe in sustainability because with it, we can generate higher returns, and it is good risk management,” Emond told the publication. “As [one of] the largest institutional infrastructure investors in the world, we need to factor in the physical risk associated with climate change, and deliver returns for the next generation as well.”