Eric Plesman, Chad Remis, Dean Shapiro and Varuth ‘Nu’ Suwankosai

“Now is a great time to be a landlord if you have very good assets. It’s a lousy time to be a landlord if you have fungible assets.”

That was Dean Shapiro’s writ-large take on 2025.

Lucky for Oxford Properties Group, the company is definitely in the former category. The real estate arm of Canadian pensions giant OMERS cleared $5 billion in transactions in 2025 and more than 18 million square feet in leases. Oxford and its platform companies had as of April 2026 $86.2 billion in assets under management totaling 146.7 million square feet through more than 650 assets on four continents.

So, a lot.

Zeroing in on specific deals can make the aggregate numbers digestible.

In January 2026, Oxford and fellow Hudson Yards developer Related Companies closed a $2.45 billion capitalization for its under-construction 70 Hudson Yards tower. That included a $1.6 billion construction loan — the largest in New York City since 2020. Speaking of 70 Hudson, accounting giant Deloitte signed in April 2025 for 800,000 square feet at the 1.1 million-square-foot project. The developers and the tenant agreed to terms before construction even started (though that construction is far along).

Also, Oxford and Related this past January bought a 10th Avenue apartment building for $52 million to use its development rights for 70 Hudson. “Because of the state of the market and our degree of confidence in the market, it’s always better to build more than less,” Shapiro said, noting the supply-demand imbalance within marquee trophy office space.

Meanwhile, outside of office and way outside of New York, Oxford bought its first open-air shopping centers in the U.S. in December in a partnership with retail investor Pine Tree. The pair paid about $250 million for a 1 million-square-foot portfolio in the Austin, Texas, area.

Oxford also ventured more into credit in 2025, emboldened by the returns, its own heft in the marketplace, and by strategy set forth under CEO and President Eric Plesman, who returned to Oxford late last year after a four-year hiatus.

“We believe credit is delivering equity-like returns with materially better downside protection,” said Nu Suwankosai. “Our credit exposure went from approximately 5 percent to 15 percent of the book.”