Brookfield invests up to $100 million in Forum Asset Management’s Real Estate Income and Impact Fund (“REIIF”), the Leading Owner of Purpose-Built Student Accommodations in Canada.
PRESS RELEASE
Toronto, ON / February 6, 2025 / Forum Asset Management (“Forum”) is pleased to announce a strategic investment from Brookfield Asset Management (“Brookfield”) in support of Forum’s acquisition of Alignvest Student Housing. Brookfield, through its real estate solutions strategy, will invest up to $ 100 million in Forum’s private REIT, the Forum Real Estate Income and Impact Fund (“REIIF”).
REIIF is a $2.4 billion institutional quality, private REIT that is the leading owner and investor of purpose-built student accommodations across Canada. The fund serves top university markets and is addressing the growing demand for attainable, high-quality housing, and leverages ESG principals for enhanced risk-adjusted returns. REIIF is comprised of 31 institutional-quality properties and approximately 10,500 beds.
Broofield’s existing global portfolio of student accommodations is valued over $7 billion with 60,000 beds across Europe, the US, UK and now, in partnership with Forum and REIIF, in Canada. Brookfield’s investment in REIIF is underpinned by attractive Canadian long-term supply demand-fundamentals and the institutional quality of REIIF’s portfolio.
Richard Abboud, Founder and CEO of Forum, said, “This important investment by Brookfield into REIIF is validation of our strategy and underscores the opportunity for large scale institutional investment in Canadian student housing. Brookfield’s capital will enhance REIIF’s financial exibility, support portfolio growth, and strengthen our ability to deliver critically needed, professionally managed student housing across Canada.”
FACT SHEET
ABOUT REIIF
REIIF invests primarily in institutional-quality purpose-built student accommodations, as well as multi-family rentals and furnished apartments, in supply-constrained markets. REIIF is committed to delivering impact and Extraordinary Outcomes™ to investors, enhancing yields and total returns while creating dynamic communities for students and renters across Canada.
