Brookfield Asset Management (BAM) will invest up to $100 million in Forum Asset Management through the Forum Real Estate Income and Impact Fund (REIIF).

Forum announced the deal in a news release.

The REIIF investment marks the expansion of BAM’s student-housing footprint to the firm’s home country. BAM has invested more than $7 billion in student-housing assets comprising about 60,000 beds in continental Europe, the U.S., and the U.K. (The company is incorporated in Canada but moved its head office to New York from Toronto in 2024 to improve its standing with stock-market indices and share price.)

BAM’s investment in the REIIF supports Forum’s $1.7-billion acquisition of Alignvest Student Housing, completed in late 2024, and will help expand REIIF’s portfolio. Forum REIIF, a $2.4-billion private REIT, is the largest institutional owner of purpose-built student accommodations in Canada.

The fund holds 31 high-quality properties with approximately 10,500 beds, serving major university markets across the country.

“This important investment by Brookfield into REIIF is validation of our strategy and underscores the opportunity for large-scale institutional investment in Canadian student housing,” said Richard Abboud, founder and CEO of Toronto-based Forum. “Brookfield’s capital will enhance REIIF’s financial flexibility, support portfolio growth, and strengthen our ability to deliver critically needed, professionally managed student housing across Canada.”

Forum REIIF is focused on providing attainable, high-quality student accommodations while integrating environmental, social, and governance (ESG) principles to enhance risk-adjusted returns.

BAM’s commitment to the REIIF aligns with the company’s global approach to investing in resilient, demand-driven real estate sectors.

Image: Forum Asset Management