GWL Realty Advisors is a real estate investment advisor headquartered in Toronto that manages a diversified portfolio of office, industrial, retail and multi-residential properties across Canada and the United States. Founded in 1993 as a wholly-owned subsidiary of The Canada Life Assurance Company, the firm provides asset management, property management, development and advisory services primarily to pension funds and institutional clients. The company manages $18.3 billion in assets across 237 properties totaling 51.2 million square feet. Its portfolio is focused on four asset classes: industrial (31.7% of portfolio value), residential (28.9%), office (27.4%), and retail (9.1%). GWL Realty Advisors manages three segregated funds, including the Canadian Real Estate Investment Fund No. 1, Canada's largest open-ended real estate fund valued at $5.5 billion. The firm operates across major Canadian markets with half of its portfolio concentrated in Ontario (50.3% of assets), followed by British Columbia (16.5%), the United States (12.2%), and Alberta/Prairies (11.5%). In 2026, the company expanded its office holdings through the acquisition of Citigroup Place in downtown Toronto and full ownership of Gulf Canada Square in Calgary. The firm employs approximately 750 people and serves over 3 million Canadians who rely on its real estate investments to fund their pensions.