Forum Real Estate Income and Impact Fund acquires ALMA @ ByWard Market to enhance its presence in Canada's student housing sector and drive long-term growth.
Target Information
The Forum Real Estate Income and Impact Fund (REIIF) is a prominent investment vehicle focusing on institutional-quality purpose-built student accommodation (PBSA) in Canada. As of September 30, 2025, REIIF's Series F units reported an impressive time-weighted net return of 8.28% for the year-to-date, and a significant 11.20% since inception, reflecting its commitment to delivering stable income and long-term capital appreciation.
With a net asset value of $1.24 billion and a total asset management of $2.8 billion, REIIF's portfolio encompasses over 11,200 beds and 3.3 million square feet of real estate. The fund's strategy is centered on selecting properties in sought-after university markets, ensuring a robust foundation for growth despite current economic challenges such as reduced immigration levels.
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Industry Overview in Canada
The Canadian real estate industry, particularly in the student housing sector, is experiencing a transformation shaped by shifts in demographics and educational trends. The demand for PBSA is supported by a consistent influx of domestic and international students,
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