Brookfield Asset Management has committed up to $100 million to Forum Asset Management's Real Estate Income and Impact Fund, focusing on enhancing purpose-built student housing in Canada.

Target Information

Forum Asset Management, headquartered in Toronto, Ontario, has announced a strategic investment from Brookfield Asset Management aimed at facilitating its acquisition of Alignvest Student Housing. Brookfield will invest up to $100 million into Forum's private REIT, the Forum Real Estate Income and Impact Fund (REIIF). This fund is valued at $2.4 billion and is recognized as a leading owner and investor in purpose-built student accommodations across Canada. REIIF is strategically positioned to meet the increasing demand for accessible, high-quality housing for students, backed by strong ESG principles for improved risk-adjusted returns. Currently, REIIF encompasses 31 high-quality properties, providing approximately 10,500 student beds across key university markets.

Brokfield has an extensive global portfolio that includes over 60,000 student accommodation beds across Europe, the United States, and the United Kingdom, now expanding into Canada through this partnership with Forum. The investment from Brookfield is supported by the robust long-term supply-demand dynamics within the Canadian student housing sector and the institutional strength of REIIF’s portfolio.

Industry Overview in Canada

The student housing market in Canada has seen significant growth in recent years, driven by a strong influx of international students and an increasing domestic student population. The demand for purpose-built student housing s