Forum Asset Management

Name

Forum Asset Management

Legal name

Forum Asset Management Inc.

Website

https://forumam.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Investment Trusts (6798), Investment Advice (6282)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industries

Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA), Managed Account Platforms (Separately Managed Accounts / Customized Portfolios) (FSAHAKAC)

Keywords

• Alternative asset management
• Real estate investment
• Private equity funds
• Infrastructure development
• Student housing investment

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Asset Management Fees: Forum earns asset management fees from managing investment funds including REIIF and MSSF, charging management fees based on assets under management
2. Performance/Development Fees: Forum earns performance fees tied to fund returns and development fees from new construction projects such as the Forum Priority Partners Development Fund I
3. Investment Returns: Returns on principal investments across real estate, private equity, and infrastructure, including operating businesses, rental income, and capital appreciation

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Forum Asset Management is an alternative asset manager, investor, and developer operating across North America with $3.8B in enterprise AUM. The firm manages investment funds (REIIF and MSSF), acquires, develops, and asset-manages real estate (focused on purpose-built student housing, multi-family, and furnished rentals), and holds private equity and infrastructure investments. It earns revenue through asset management fees on funds under management, performance fees, and direct investment returns.

Product overview

Forum Asset Management is an alternative asset manager, investor, and developer with a focus on real estate, private equity, and infrastructure operating across North America. The firm manages $3.8B in enterprise AUM across three core business lines: Real Estate (REIIF fund and property portfolio including ALMA student housing brand, The Quad, THEO, The ARC), Private Equity (portfolio companies including VENDO, Broadlinc, Chill Brothers, Subterra Renewables, GreenMarbles, Green Planet Home Services, 1Click Heating and Cooling), and Infrastructure (P3 projects including Billy Bishop Airport Tunnel, Enterprise Data Centre, detention facilities, and renewable energy projects). The company also operates Forum Priority Partners Development Fund I focused on student housing development in Toronto, Ottawa, and Guelph.

Differentiator

Problem solved

Functional benefit

Brands

• ALMA: Student housing brand offering purpose-built student accommodations in Canadian university markets
• REIIF
• MSSF

Products and services

• Forum Real Estate Income and Impact Fund (REIIF) Core open-ended fund that consolidates institutional-quality purpose-built student housing, multi-family, and furnished rentals in supply-constrained Canadian markets, targeting 8-12% net returns and paying monthly distributions to unitholders.
• Forum Make Space Storage Fund (MSSF) Private investment fund focused on storage real estate assets, available to qualified and accredited investors through exempt market distribution.
• Forum Priority Partners Development Fund I (PPDF I) Closed-end development fund that invests in institutional-quality purpose-built student housing and furnished rental projects across Toronto, Ottawa, and Guelph, attracting private wealth investors, family offices, and institutional partners.
• ALMA Student Housing Brand Owned and operated student housing properties across Canadian university markets including Ottawa, Oshawa, Guelph, Toronto, Montreal, and Vancouver, offering purpose-built accommodations under a unified brand.
• Subterra Renewables Geothermal Energy Services Developer and operator of geothermal heating and cooling systems for real estate owners and developers, offering low-carbon energy-as-a-service utility solutions integrated across Forum's portfolio.
• P3 Infrastructure Asset Management Ongoing asset management of legacy P3 infrastructure projects including Billy Bishop Airport Pedestrian Tunnel, Enterprise Data Centre, Surrey Pre-Trial Services Centre, South West Detention Centre, Quinte Consolidated Courthouse, Shenkman Arts Centre, and Orléans Client Service Centre on behalf of institutional owners.
• Forum First Nations (FFN) Indigenous Partnerships Platform Partnership platform enabling Indigenous Nations across Canada to participate in real estate, infrastructure, and economic development investment opportunities alongside Forum.

Quantifiable outcome

• 10.02% net return for Series F unitholders in 2025
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Subterra RenewablescoreStrategic or Co-development Partner · 30 April 2026Forum acquired Subterra Renewables in April 2026, expanding its position in sustainable infrastructure. Subterra has operated in partnership with Forum since 2019 under the Forum Subterra Limited Partnership, providing geothermal heating and cooling systems.
• Government of Ontario / Infrastructure OntariocoreStrategic or Co-development Partner · 23 April 2026Selected through competitive open market offer process led by Infrastructure Ontario on behalf of the Government of Ontario to build transit-oriented residential towers at King West Station as part of Ontario's Transit-Oriented Communities program.
• OCAD University (OCAD U)minorStrategic or Co-development Partner · 17 November 2025Design4 program partnership with OCAD U's RBC Centre for Emerging Artists & Designers where students developed practical student housing solutions for ALMA @ Cabbagetown, incorporating designs into future student suites.
• Slate Asset ManagementminorStrategic or Co-development PartnerForum partnered with Slate Asset Management on the 100 Lombard development project in Toronto, a mixed-use residential project focused on sustainability and design excellence.
• Shift CanadaminorOthersForum is the founding sponsor of Shift Canada, committing $1M in 2023 to support entrepreneurship education and development across Canadian schools.
• Martin Family Initiative (MFI)minorOthersPartnership with Martin Family Initiative to encourage and foster entrepreneurship development in Canada through collaboration with schools across the country.
• City of OttawacoreStrategic or Co-development PartnerPrivate-public partnerships with City of Ottawa for Shenkman Arts Centre and Orléans Client Service Centre, acquired and asset managed on behalf of the City since 2007.

Scale indicators18 records

Recent moves14 records

Expansion highlights6 records

Broad incumbents

• Brookfield Asset Management: Global alternative asset manager with real estate, infrastructure, and private equity platforms. Direct strategic investor in Forum's REIIF and a benchmark for how a Canadian-rooted alt manager scales into a global platform.
• Morguard Corporation: Canadian real estate investment and management firm with direct ownership of a large diversified Canadian property portfolio. Comparable to Forum's real estate acquisition and asset management operations.
• Killam Apartment REIT: Canadian REIT owning and operating a multi-family apartment portfolio with growing presence in student housing. Comparable to Forum's REIIF in Canadian rental housing and student accommodation strategy.
• CAPREIT (Canadian Apartment Properties REIT): Canada's largest publicly traded multi-family residential REIT. Comparable as a Canadian institutional-quality residential landlord that competes for the same rental demand and capital base as Forum's REIIF.

Emerging players

• Cardinal Group Companies: US-based real estate investment and management firm with significant purpose-built student housing exposure. Comparable as a PBSA-focused operator expanding its portfolio through acquisitions and development.

Direct peers

• Hazelview Investments: Toronto-based global real estate investment manager (formerly OREP Investments) investing across residential, student housing, office, and development. Closely comparable to Forum in Canadian multifamily and PBSA exposure and LP base.
• Slate Asset Management: Toronto-based alternative asset manager focused on real estate and infrastructure across North America and Europe. Direct peer to Forum in Canadian real estate investment and a co-development partner on Forum's 100 Lombard Toronto project.
• Fengate Capital Management: Canadian alternative asset manager with infrastructure, real estate, and private equity strategies. Closely comparable to Forum in scale, multi-strategy approach, and focus on institutional-quality Canadian assets.
• Centurion Asset Management: Canadian alternative asset manager specializing in purpose-built student housing, multi-family, and student housing developments. Closely comparable to Forum's REIIF in Canadian PBSA focus and growth strategy.
• Dream Unlimited Corp: Canadian real estate developer and asset manager with diversified residential, commercial, and recreational assets. Comparable to Forum in Canadian real estate development, asset management, and recurring fee-based income.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/forumassetmanagement

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Forum Asset Management