Forum Investment Group announces closing of $836m roll-up transaction
Forum Investment Group, a Denver-based real estate investment and asset management firm, has closed a transaction involving the roll-up of 17 apartment properties into Forum Multifamily Real Estate Investment Trust (FMREIT).
The transaction gives FMREIT an initial portfolio of 17 properties, which includes 3,539 apartment units across eight states with a combined value of $836.1 million. Forum owns 100 percent of 16 properties and holds more than 90 percent economic interest in one property through a co-tenancy.
“Over the last 15 years, one of the things we are most proud of as a firm is our ability to be nimble and create new opportunities in multifamily for our investors,” said Darren Fisk, Forum founder and CEO. “I am proud of the work that has been done by the Forum team to complete this transaction and am looking forward to the future of the company.”