Forum Equity Partners Raises $125 Million for its Real Estate Impact Fund

• The Forum Real Estate Income and Impact Fund (“REIIF”) is a private, open-ended fund investing in Canadian residential rental property that focuses on multi-family housing, purpose-built student dormitories (PBSA) and co-living communities in limited markets

• Initial annual payout of 4.5% (mainly return on investment) with a target annual net return of 8-12% *

TORONTO, Dec 16, 2021 / CNW / – Forum Equity Partners (“Forum”) launched REIIF and completed the initial financing on December 8, 2021 with a $ 125 million Capital increase. The funds will be used to: a $ 240 million Seed portfolio of rental residential properties across Canada in the targeted multi-family asset types and geographies of the REIIF.

“REIIF is benefiting from the growing demand for rental housing and helping to improve the affordability of housing that has been made difficult by population growth and rising property prices across Europe Canada, “said Aly Damji, Partner – real estate. “With a focus on high-growth multi-family housing, PBSA and co-living communities in restricted supply Canadian markets, REIIF provides sustainable, desirable and comfortable accommodations to a wide variety of renters,” said Damji continued.

The REIIF’s investment highlights include:

• Safe distributions (mainly capital repatriation) supported by a conservative balance sheet and strong liquidity.

• Improved financial returns and a future-proof portfolio by adopting robust ESG practices.

• Protection against inflation through higher tenant fluctuation in PBSA and Co-Living, which offers the opportunity to adjust rents more frequently to market levels.

“The seed portfolio with real estate in Toronto, Ottawa, Montreal, and Vancouver, offers attractive cash flow and growth prospects with a lower risk profile than other real assets given the design and construction of the portfolio, “said Rajeev Viswanathan, CFO and partner. “In addition, REIIF benefits from the spread between an attractive real estate return and low cost of debt that is achieved with CMHC-insured real estate mortgages,” added Mr. Viswanathan.

The story goes on

“The introduction of REIIF is a significant step in the implementation of Forum’s asset management strategy,” said Richard Abboud, Managing director and founder. “We are building on Forum’s 25-year track record in real estate investing and inviting private wealth channels to invest with us. We remain committed to delivering exceptional results ™ to our stakeholders.”

Details of this offer can be found in the offer document. Further information on the offer can be found at: https://www.forumequitypartners.com/reiif. This announcement is for informational purposes only.

* Dividends and annual total return targets are not guaranteed. The expectation, timing and payment of distributions as well as the annual total return targets are based on various assumptions and are subject to certain risks.

About Forum Real Estate Income and Impact Fund
REIIF, managed by Forum Asset Management Inc., is an open-ended fund focused on Canadian residential real estate. The REIIF aims to generate regular ongoing income and capital appreciation by investing primarily in private real estate. REIIF’s investments focus on multi-family apartments, purpose-built student residences and shared apartments. The fund targets restricted supply markets to ensure income diversity and resilience. The Fund will also seek to provide an industry leading impact and ESG driven portfolio that improves returns, improves assets and future proofs the portfolio.

About Forum Equity Partners
Forum is an investor, developer and asset manager with a focus on real estate, infrastructure and private equity. Since its inception in 1996, Forum has worked with its partners to create value-adding and opportunistic investments and to achieve aggressive growth through innovation and active management. Forum strives to explore innovative and sustainable opportunities that deliver exceptional results ™ to its stakeholders. The assets managed by Forum are approx. 1.6 billion CAD in company value. Visit: www.forumequitypartners.com.

CAUTION
The information contained in this press release is provided for informational purposes only; is not investment, financial or other advice; and is not intended as a basis for an investment decision. This press release does not constitute an offer or solicitation to sell or an issue or solicitation of an offer to buy or subscribe for securities, nor does any part of this press release form the basis or reliable basis in connection with any contract or investment decision in relation to Forum REIIF securities. This press release represents no obligation, recommendation, representation or warranty on the part of any person. No reliance should be placed on the completeness of the information contained in this press release. This press release is not intended to be a comprehensive overview of all matters relating to REIIF. For more information, please visit https://www.forumequitypartners.com/reiif.

This press release contains forward-looking information about REIIF and its business that relates to future events or future performance and reflects current expectations and assumptions. Often, but not always, forward-looking information can be identified or indicated by the use of words such as “expect,” “intend,” “expects,” “believes” or variations (including negative variations) on such words and phrases Actions, events or results “could”, “could”, “would” or “will” occur, occur or be achieved. Such forward-looking statements reflect the current views of management and are based on assumptions and information currently available to the company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that could cause future results to differ materially from those anticipated, including, but not limited to, risks relating to the company’s ability to bring its products to commercial production, natural health products and digital health industries; and the risks of the highly regulated and competitive marketplace in relation to the development, production, sale and use of the company’s products. While the company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, other factors could cause results not to be in accordance with expectations, estimates or intentions. There can be no assurance that this information will prove to be accurate, as actual results and future events could differ materially from those anticipated in this information. These forward-looking statements speak as of the date of this publication and the company undertakes no obligation to update or revise them to reflect new events or circumstances, except as required by applicable securities laws.

SOURCE Forum Equity Partners

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