Forum Asset Management has announced a strategic investment from Brookfield Asset Management in support of Forum’s acquisition of Alignvest Student Housing. Brookfield, through its real estate-solutions strategy, will invest up to C$100 million ($69.8 million) in Forum’s private REIT, the Forum Real Estate Income and Impact Fund (REIIF).
REIIF is a C$2.4 billion ($1.7 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 comprises 31 institutional-quality properties and approximately 10,500 beds.
Brookfield’s existing global portfolio of student accommodations is valued at more than C$7 billion ($4.9 billion) with 60,000 beds across Europe, the United States, United Kingdom, and now, in partners
