Brookfield invests up to $100 million in Forum Asset Management's Real Estate Income and Impact Fund, which has acquired Alignvest Student Housing REIT, positioning it as a leader in Canadian purpose-built student accommodations.

Information on the Target

Forum Asset Management's Real Estate Income and Impact Fund (REIIF) has made significant strides in the Canadian student housing sector by recently acquiring Alignvest Student Housing REIT. This acquisition positions REIIF as a leading owner and developer of purpose-built student accommodations across Canada, ensuring they meet the rising demand for quality student housing.

The decision to acquire Alignvest Student Housing REIT underscores Forum's commitment to addressing the pressing housing shortage faced by students. The combination of the two entities enhances their asset portfolio and operational synergies, ultimately benefiting students in search of viable living spaces close to educational institutions.

Industry Overview in Canada

The Canadian real estate market, particularly the student housing segment, has experienced robust growth due to a combination of increasing enrollment rates in higher education institutions and a chronic shortage