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The contents of this page are intended for use only by persons who qualify as “accredited investors”. Under Canadian securities legislation (National Instrument 45-106 – Prospectus Exemptions or, in Ontario, the Securities Act (Ontario)) a person qualifies as an accredited investor if any of the criteria listed below are met. If you are unsure whether you qualify as an accredited investor, please consult your dealer or other qualified financial or legal advisor.
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.
8-12%Targeted Annual Total Net Return1Footnote 1: The yield and all returns assume Series F units. The indicated returns are the historical annual compounded total returns reflecting changes in unit value and distributions. These returns are derived from unaudited financial information and are net of all REIIF expenses, including general and administrative expenses, management fees, performance participation allocation, and unit class specific fees. The targeted distribution rate and total return received by a unitholder will differ based on the series of trust units in which a unitholder invests and the distribution reinvestment plan strategy that such unitholder elects to pursue as well as any applicable early redemption charges. Past performance is historical and not a guarantee of future results. The expectations of the yield and returns is based on various assumptions and subject to certain risks, including those risk factors identified in the confidential offering memorandum of REIIF, as amended or supplemented from time to time (Confidential Offering Memorandum). Performance is annualized except for periods of less than one year. Posted partial year performance is year-to-date.
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. 1Footnote 1: The yield and all returns assume Series F units. The indicated returns are the historical annual compounded total returns reflecting changes in unit value and distributions. These returns are derived from unaudited financial information and are net of all REIIF expenses, including general and administrative expenses, management fees, performance participation allocation, and unit class specific fees. The targeted distribution rate and total return received by a unitholder will differ based on the series of trust units in which a unitholder invests and the distribution reinvestment plan strategy that such unitholder elects to pursue as well as any applicable early redemption charges. Past performance is historical and not a guarantee of future results. The expectations of the yield and returns is based on various assumptions and subject to certain risks, including those risk factors identified in the confidential offering memorandum of REIIF, as amended or supplemented from time to time (Confidential Offering Memorandum). Performance is annualized except for periods of less than one year. Posted partial year performance is year-to-date.
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 portfolio2Footnote 2: As of August 31, 2026.
11,195Beds
$2.9
BillionAssets Under Management
REIIF Assets Under Management2Footnote 2: As of August 31, 2026.
$1.2
BillionNet Asset Value
Net Asset Value of REIIF portfolio2Footnote 2: As of August 31, 2026.
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 (%)1Footnote 1: The yield and all returns assume Series F units. The indicated returns are the historical annual compounded total returns reflecting changes in unit value and distributions. These returns are derived from unaudited financial information and are net of all REIIF expenses, including general and administrative expenses, management fees, performance participation allocation, and unit class specific fees. The targeted distribution rate and total return received by a unitholder will differ based on the series of trust units in which a unitholder invests and the distribution reinvestment plan strategy that such unitholder elects to pursue as well as any applicable early redemption charges. Past performance is historical and not a guarantee of future results. The expectations of the yield and returns is based on various assumptions and subject to certain risks, including those risk factors identified in the confidential offering memorandum of REIIF, as amended or supplemented from time to time (Confidential Offering Memorandum). Performance is annualized except for periods of less than one year. Posted partial year performance is year-to-date.
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%
2026
0.23
0.91
0.66
0.84
0.46
0.63
0.37
0.57
4.76%1Footnote 1: The yield and all returns assume Series F units. The indicated returns are the historical annual compounded total returns reflecting changes in unit value and distributions. These returns are derived from unaudited financial information and are net of all REIIF expenses, including general and administrative expenses, management fees, performance participation allocation, and unit class specific fees. The targeted distribution rate and total return received by a unitholder will differ based on the series of trust units in which a unitholder invests and the distribution reinvestment plan strategy that such unitholder elects to pursue as well as any applicable early redemption charges. Past performance is historical and not a guarantee of future results. The expectations of the yield and returns is based on various assumptions and subject to certain risks, including those risk factors identified in the confidential offering memorandum of REIIF, as amended or supplemented from time to time (Confidential Offering Memorandum). Performance is annualized except for periods of less than one year. Posted partial year performance is year-to-date.
Geographically diverse and curated best-in-class assets that represent REIIF's investment themes and focus on impact across Canada.