One of the world’s largest alternative asset managers has hired former Canada Pension Plan Investment Board executive Janice Lin to lead the Canadian real estate team. (The Logic)

Talking point: The New York-based firm already owns about 450 properties in Canada worth $14 billion, most of which is in the logistics and warehousing space. Blackstone has recently been expanding its portfolio of Canadian residential and commercial real estate. It bought the three-building Atlantic complex in downtown Toronto last year for $240 million, as well as a chain of senior homes in Quebec. (Lin was the chief investment officer at the retirement home operator Revera before joining Blackstone.) The company also spent $230 million on two Montreal towers last year. Most of the firm’s real estate portfolio is invested in three sectors—life sciences, residential and logistics—which has helped to buffer losses during the pandemic while the future of office real estate remains uncertain.