Brookfield Pledges $100 Million to Support Forum's Student Housing Expansion in Canada

Forum Asset Management announced that Brookfield Asset Management will invest up to $100 million in its Real Estate Income and Impact Fund (REIIF). REIIF, valued at $2.4 billion, is Canada's leading institutional quality private REIT specializing in purpose-built student accommodations. This investment aligns with Brookfield's strategy of leveraging the promising Canadian student housing market.

The infusion of funds will support Forum's acquisition of Alignvest Student Housing. The investment reaffirms the potential for institutional involvement in student housing in Canada, according to Forum's CEO, Richard Abboud. Brookfield's global presence in student accommodations complements its Canadian endeavors, as this move strengthens REIIF’s financial position.