

The Forum Real Estate Income and Impact Fund (REIIF) is an impact-driven, institutional quality, open-ended private fund focused on Canadian rental housing.
REIIF invests principally in new age multi-family rental apartments, purpose-built student accommodations (PBSA), and co-living communities located in supply constrained markets across Canada. REIIF strives to deliver a sector-leading impact and ESG-driven portfolio that will enhance yields and total returns while future-proofing the portfolio to ensure diversity and resiliency of income.
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8-12%
Total Return
Targeted Annual Total Net Return{{1}}
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4-5%
Income
Target Distribution Yield{{1}}
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55%
Target
LTV
Leverage
Debt to Total Asset Ratio
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$50
Million
Alignment
Minimum Sponsor Investment
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<4 YRS
Average Asset Age
Average age of all assets under REIIF portfolio
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1,420
Units
Serving 2,000+ residents{{2}}
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$470
Million
Assets Under Management
REIIF Assets Under Management{{2}}
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$257
Million
Net Asset Value
Net Asset Value of REIIF portfolio{{2}}
Inflation protection
Focus on naturally high turnover assets offering inflation protection; a strategic emphasis on purpose-built student accommodations, micro units, and co-living assets - 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 | 3.95 |
Geographically diverse and curated best-in-class assets that represent REIIF's investment themes and focus on impact across Canada.


In 2022, REIIF successfully provided stable returns despite a challenging market environment, with continued success and resilience expected
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in 2022
10.5% Time-Weighted Net Return
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AUM Growth
from $168M to $450M{{2}}
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Portfolio Growth
from 4 to 11 Assets
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GLA Growth
from 277,316 SQFT to 724,656 SQFT
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Carbon Neutrality
across 50% of REIIF’s Portoflio
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A first time
GRESB Submission Score of 71% ranking 3rd in our peer group

