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.

Investment Highlights
  • 8-12% Total Return

    Targeted Annual Total Net Return{{1}}

  • 4-5% Income

    Target Distribution Yield{{1}}

  • 55% Target LTV Leverage

    Debt to Total Asset Ratio

  • $50 Million Alignment

    Minimum Sponsor Investment

  • <4 YRS Average Asset Age

    Average age of all assets under REIIF portfolio

  • 1,420 Units

    Serving 2,000+ residents{{2}}

  • $470 Million Assets Under Management

    REIIF Assets Under Management{{2}}

  • $257 Million Net Asset Value

    Net Asset Value of REIIF portfolio{{2}}

Performance Summary

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 JanFebMarAprMayJuneJulyAugSeptOctNovDec Annual
2022 1.490.250.220.840.211.00 10.51
2023 0.811.000.700.050.140.47 0.600.12 3.95

Geographically diverse and curated best-in-class assets that represent REIIF's investment themes and focus on impact across Canada.

REIIF's Portfolio
2022 Portfolio Highlights

In 2022, REIIF successfully provided stable returns despite a challenging market environment, with continued success and resilience expected

  • in 2022

    10.5% Time-Weighted Net Return

  • AUM Growth

    from $168M to $450M{{2}}

  • Portfolio Growth

    from 4 to 11 Assets

  • GLA Growth

    from 277,316 SQFT to 724,656 SQFT

  • Carbon Neutrality

    across 50% of REIIF’s Portoflio

  • A first time

    GRESB Submission Score of 71% ranking 3rd in our peer group

REIIF's Highlights REIIF's Highlights
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