Last week, our CEO & Founder Richard Abboud stopped by BNN Bloomberg to talk about Brookfield’s strategic investment of up to $100M into Forum’s Real Estate and Impact Fund (REIIF), Canada’s largest portfolio of purpose-built student accommodations (PBSA).
This investment was made in support of our recent $1.7B acquisition of Alignvest Student Housing. With 31 properties delivering 10,500 beds for Canada’s top 20 university markets, Brookfield’s capital will enable us to grow our portfolio and bring sustainable, long-term results for investors and stakeholders.
At Forum, we believe that creating safe, high-quality accommodations near top universities can help address Canada’s nationwide housing shortage, while investing in our next generation of leaders. This latest investment underscores the massive opportunity for institutional capital to fuel Canada’s knowledge economy while also being part of the broader solution to the country’s housing challenges.
