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a) An individual who, either alone or with a spouse, beneficially owns financial assets (cash, securities, etc.) having an aggregate realizable value that (before taxes, but net of any related liabilities) exceeds $1,000,000.
b) An individual who, either alone or with a spouse, has net assets of at least $5,000,000.
c) A person (including a corporation), other than an individual or investment fund, that has net assets of at least $5,000,000 as shown on its most recently prepared financial statements.
d) An individual whose net income before taxes exceeded $200,000 in each of the 2 most recent calendar years and who reasonably expects to exceed that net income level in the current calendar year.
e) An individual whose net income before taxes combined with that of a spouse exceeded $300,000 in each of the 2 most recent calendar years and who reasonably expects to exceed that net income level in the current calendar year.
f) A person acting on behalf of a fully managed account managed by that person, if that person is registered or authorized to carry on business as an adviser or the equivalent under the securities legislation of a jurisdiction of Canada or a foreign jurisdiction.
g) A trust established by an accredited investor for the benefit of the accredited investor’s family members of which a majority of the trustees are accredited investors and all of the beneficiaries are the accredited investor’s spouse, a former spouse of the accredited investor or a parent, grandparent, brother, sister, child or grandchild of that accredited investor, of that accredited investor’s spouse or of that accredited investor’s former spouse.
h) A person in respect of which all of the owners of interests, direct, indirect or beneficial (except the voting securities required by law to be owned by directors) are persons that are accredited investors.
i) An individual registered or formerly registered under the securities legislation of a jurisdiction of Canada as a representative of a registered adviser or dealer (other than an individual formerly registered solely as a representative of a limited market dealer under the Securities Act (Ontario) or the Securities Act (Newfoundland and Labrador)).
j) A person that is recognized or designated by the applicable securities regulatory authority in the relevant jurisdiction as an accredited investor.
k) Certain types of entities that meet the applicable requirements in the legislation, including (but not limited to) financial institutions and their subsidiaries, firms registered under Canadian securities legislation, governments and their agencies, regulated pension funds, investment funds, trust companies and registered charities.
Please note that if you are a resident of Canada, in a province other than Ontario, British Columbia or Quebec, and if you decide to invest in a fund managed by Forum Asset Management Inc., you will need to do so through a registered dealer in your province of residence.
4-5%Targeted annual distribution with a tax-equivalent yield of 8.5–10% for investors in the top tax bracket, with distributions structured as return of capital. {{1}}
The Forum Real Estate Income and Impact Fund (REIIF) is an institutional quality, open-end private fund focused on Canadian rental housing.
REIIF invests principally in new-age multi-family rental apartments, purpose-built student accommodations (PBSA), and furnished rentals located in supply-constrained markets across Canada. REIIF strives to implement a sector-leading impact and ESG strategy that is designed to enhance risk-adjusted performance and deliver diversity and resiliency of income.
Average age of all assets under REIIF portfolio{{2}}
11,195Beds
$2.8
BillionAssets Under Management
REIIF Assets Under Management{{2}}
$1.3
BillionNet Asset Value
Net Asset Value of REIIF portfolio{{2}}
PerformanceSummary
Inflation protection
Focus on naturally high turnover assets offering inflation protection; a strategic emphasis on purpose-built student accommodations, micro units, and furnished rentals - sectors characterized by high resident turnover, the opportunity to mark-to-market rents more frequently and strong demand.
Performance Snapshot
Potential for stable, and growing income stream along with long-term capital appreciation, and limited correlation to public market volatility.
Monthly Returns (%){{1}}
Series F
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
Annual
2022
0.02
5.08
0.46
0.20
0.19
0.19
1.49
0.25
0.22
0.84
0.21
1.00
10.51%
2023
0.81
1.00
0.70
0.05
0.14
0.47
0.60
0.12
6.10
0.13
0.05
0.35
10.88%
2024
0.52
0.67
0.97
2.32
2.16
0.61
0.22
1.17
1.25
0.13
0.51
1.06
12.20%
2025
1.07
0.43
0.56
1.01
1.00
1.74
0.45
0.75
0.99
0.61
0.35
0.64
10.02%{{1}}
Geographically diverse and curated best-in-class assets that represent REIIF's investment themes and focus on impact across Canada.