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 of suitable accommodations. This gap has placed immense pressure on Canada’s housing market, prompting a need for purpose-built solutions that address both the quantity and quality of housing available to students.

In recent years, several provinces have implemented policies to encourage the development of multi-unit residential buildings designed specifically for students. These initiatives resonate with the growing trend towards sustainable and community-focused development, aligning with Environmental, Social, and Governance (ESG) principles. The regulatory landscape is becoming increasingly favorable for investors looking to enter this sector.

Moreover, Canadian student housing is witnessing a shift towards zero-carbon buildings, reflecting broader global initiatives aimed at achieving sustainability in real estate. The focus on eco-friendly construction methods and materials not only enhances asset value but also meets the expectations of environmentally conscious investors and students.

As a result, investor interest in purpose-built student accommodations continues to swell, positioning this sector as both a profitable and socially responsible investment opportunity in Canada’s evolving real estate landscape.

The Rationale Behind the Deal

The acquisition of Alignvest by REIIF is driven by the underlying need to mitigate the housing crisis experienced by students across Canada. The overwhelming approval from Alignvest unitholders demonstrates strong confidence in the strategic direction that Forum Asset Management is taking.

This deal enhances REIIF’s capabilities and strengthens its market position, allowing them to respond more effectively to the increasing demand for affordable and purpose-built student housing. In a landscape marked by opportunity, this acquisition serves as a testament to Forum's proactive approach in addressing unmet housing needs in educational hubs.

Information About the Investor

Brookfield has committed up to $100 million in financing for Forum Asset Management's REIIF, emphasizing its role as a key investor in the student housing segment. Brookfield's established reputation and extensive experience in real estate investment provide a robust backbone for REIIF’s future growth and expansion.

Forum Asset Management itself is recognized for its innovative strategies and focus on creating impactful real estate solutions. The firm is committed to developing sustainable and affordable housing options, showcasing expertise in managing purpose-built accommodations tailored specifically for the student demographic.

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From an analytical perspective, the acquisition of Alignvest Student Housing REIT by Forum’s REIIF could be viewed as a highly strategic investment. The alignment of portfolios not only scales their operational capacity but enhances their ability to serve an increasingly urgent market need.

Furthermore, the focus on sustainable and community-oriented development aligns with contemporary investment trends, where social impact is valued alongside financial returns. This reflects a growing recognition that responsible investment can yield superior long-term gains while contributing positively to society.

However, potential risks include market fluctuations and the ever-evolving regulatory landscape. Investors must remain vigilant and adaptable in order to navigate potential challenges that could arise, including shifts in the demand for student accommodation based on broader economic factors.

Overall, if executed effectively, this deal could fortify REIIF's market leadership and provide essential housing solutions, making it an attractive proposition for all stakeholders involved, particularly students who will benefit from enhanced access to suitable accommodations.

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Brookfield

invested in

Forum Asset Management’s Real Estate Income and Impact Fund

in 2025

in a Other Private Equity deal

Disclosed details

Transaction Size: $100M

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