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Draft:Forum Asset Management

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Forum Asset Management
Company typePrivate
Industry Alternative assets
FounderRichard Abboud (CEO)
Headquarters,
Area served
North America
Websiteforumam.com

Forum Asset Management is a Canadian investment firm specializing in alternative assets including real estate, private equity, and infrastructure.[1][2][3]

History

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Founded in 1996 and based in Toronto, the firm focuses on innovation, sustainability,[4][2] and community impact.[5] Forum was founded by Richard Abboud, who serves as the company's CEO. In 2024, he received the title of CEO of the Year from the Ontario Chamber of Commerce.[6] Forum manages residential and commercial properties with assets currently valued at more than $1.7 billion[7] including a $200 million self-storage fund under "Make Space Storage," which it acquired in January 2024.[8][9]

In July 2022, the firm assisted in the second installment of a growth equity investment in Broadlinc, a US-based digital media company.[10] In 2023, Forum donated $125,000 to the University of Guelph’s Lang School of Business real estate program to support industry-related education.[11]

In February 2024, it purchased the two head office buildings of NB Power in downtown Fredericton.[12] In December 2024, Forum acquired Alignvest Student Housing REIT in a record-setting $700 million deal,[13][14] making it one of the largest transactions in the Canadian student housing sector.[15][16]

Other Notable Projects

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Forum Asset Management has participated in a range of other significant projects, including the establishment of private credit fund in collaboration with TSCG. They also development of a self-storage platform that emphasizes adaptive reuse.[17]

They have also acquired Alignvest Student Housing REIT in a deal valued at $700 million. This transaction is noted as one of the largest in the Canadian student housing market.[18][19][20]

References

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  1. ^ "Forum Asset Management | Condo Developer". GTA-Homes. Retrieved 2025-06-26.
  2. ^ a b "Forum Asset Management Inc". Responsible Investment Association. Retrieved 2025-06-26.
  3. ^ "Forum creates $200M fund; acquires stake in Make Space storage". renx.ca. Retrieved 2025-06-26.
  4. ^ "New Partnership Brings Geoexchange Heating to Ontario Condos" The Energy Mix. Retrieved 2025-01-27.
  5. ^ "Reducing Canada’s carbon footprint, one building at a time" Vancity. Retrieved 2025-01-27.
  6. ^ "Richard Abboud – Founder & CEO of Forum Asset Management - Named OCC's 2024 CEO of the Year Award Recipient". OCC. 2024-10-22. Retrieved 2025-06-26.
  7. ^ "Alignvest Student Housing to sell holdings in deal creating Canada's largest firm of its kind" CoStar. Retrieved 2025-01-26.
  8. ^ "Forum Asset Management Creates $200M Make Space Storage Fund" Real Estate News Exchange. Retrieved 2025-01-27.
  9. ^ "Forum Asset Management Strategic Expansion into Self-Storage Industry" The Globe and Mail. Retrieved 2025-01-27.
  10. ^ "Forum Announces Growth Equity Investment" Yahoo Finance!. Retrieved 2025-01-27.
  11. ^ "Forum Asset Management Donates $125,000 to University of Guelph" Lang School of Business News. Retrieved 2025-01-26.
  12. ^ "N.B. Power sells 2 Fredericton properties to Toronto firm" CBC News. Retrieved 2025-01-27.
  13. ^ "Toronto real estate investment fund purchases four student housing properties in Ottawa" Ottawa Business Journal. Retrieved 2025-01-26.
  14. ^ "Alignvest Student Housing REIT Acquired by Forum Asset Management" Market Watch. Retrieved 2025-01-27.
  15. ^ "Forum’s REIIF acquires Alignvest’s REIT in largest PBSA deal in Canadian history" PBSA News. Retrieved 2025-01-26.
  16. ^ "Forum Asset Management's REIIF Completes Acquisition of Alignvest Student Housing REIT" The Globe and Mail. Retrieved 2025-01-29.
  17. ^ tscg (2025-02-19). "Forum Partners and TSCG Launch Private Credit Fund Offering 9% Preferred Return". TSCG. Retrieved 2025-06-26.
  18. ^ Joseph, Irien (2024-10-16). "Forum Asset Management to buy Alignvest Student Housing REIT". PE Hub. Retrieved 2025-06-26.
  19. ^ Corporation, Alignvest Management. "Alignvest Student Housing REIT, Canada's largest Purpose-Built Student Housing Platform, sold to Forum REIIF for $1.7 Billion". www.newswire.ca. Retrieved 2025-06-26.
  20. ^ "Forum Asset Management's REIIF Completes Acquisition of Alignvest Student Housing REIT, Solidifying Leadership in Canadian Purpose-Built Student Accommodations". The Globe and Mail. Retrieved 2025-06-26.
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Category:Canadian companies established in 1996 Category:Companies based in Toronto