Toronto, ON – Forum Asset Management (“Forum”) today announced that it has partnered with Ryna Living (“Ryna”) on the Forum Real Estate Income and Impact Fund’s (“REIIF” or the “Fund”) Latin Quarter multi-family apartment property in Montreal, located at 365-369 Ontario Street East. Ryna is a co-living and apartment rental platform that leverages technology to make renting easier and safer for people who identify as women.
REIIF understands the difficulties women, especially those in their twenties and thirties, experience in the rental housing market. Women are transitioning into new careers, new cities, and new stages of life and are sometimes forced to alter their living situations. Finding a place in the city can be daunting, unsafe, and emotionally draining. Awareness of these difficulties led REIIF to partner with Ryna on providing women with a supportive and enhanced rental experience.
“Ryna provides women with beautiful, comfortable, and safe rental housing,” said Sheryl Song, Co-Founder and CEO of Ryna. “We provide women with tenant support, furnished common areas, and our proprietary roommate matching algorithm greatly improves roommate compatibility. Our mission is to empower women to pave their own independent path and create a life they love. Although our company is focused on making renting easier and safer for women, we welcome anyone who supports our mission to join our community,” she added.
“True to our impact-driven asset management goals, REIIF is committed to ensuring its properties are accessible to the diverse groups that make up Canada’s population,” said Aly Damji, Forum Partner – Real Estate.
We’re proud to partner with Ryna on this centrally-located Montreal property, adding to our existing collaboration with Ryna in Toronto.
REIIF’s multi-unit residential Latin Quarter property located at 365-369 Ontario Street East has 26-units, includes at-grade retail, and is located near Berri-UQAM Metro station, UQAM university, and l’Université de Montreal’s CHUM hospital. REIIF will be investing in the property through a host of energy-efficient retrofits while also upgrading apartment units and common areas.
Forum Asset Management’s REIIF property at 365-369 Ontario Street East in Montreal where Ryna will make renting easier and safer for women.
About Forum Real Estate Income and Impact Fund
REIIF, managed by Forum Asset Management Inc., is an open-ended fund focused on Canadian residential real estate. REIIF aims to provide regular current income and capital appreciation by investing primarily in private real estate. REIIF’s investments are focused on multi-family apartments, purpose-built student accommodations, and co-living communities. The fund seeks to target supply-constrained markets to ensure diversity and resiliency of income. The fund will also strive to deliver a sector-leading impact and ESG-driven portfolio that will enhance yields, asset values and future-proof the portfolio.
About Forum Asset Management
Forum is an investor, developer and asset manager with a focus on real estate, infrastructure, and private equity. Since its founding in 1996, Forum has worked with its partners to pursue value-added and opportunistic investments and achieve aggressive growth through innovation and active management. Forum is committed to exploring innovative and sustainable opportunities that deliver Extraordinary Outcomes™ to its stakeholders. Forum’s assets under management represent approximately C$1.6 billion in enterprise value. Visit: www.forumam.com.
About Ryna Living
Ryna is reinventing the rental experience for women and is a Canadian BIPOC/women owned & led venture. Ryna’s co-living and apartment rental platform leverages technology to make renting easier and safer for people who identify as women, while giving them the proper tools to pave their own path and build a life they love. Visit: www.theryna.com.
Contacts
Greg Spafford, REIIF Fund Head
Sheryl Song, Ryna Co-Founder and CEO
647-472-0489
