Forum REIIF completed the acquisition of Alignvest Student Housing REIT for CAD1.686bn.

Forum REIIF, a company investing in institutional-quality, multi-family rental apartments, purpose-built student accommodations and furnished rentals, completed the acquisition of Alignvest Student Housing REIT, a company focused on consolidating the fragmented, institutional grade, purpose-built student accommodation real estate sector across Canada, for CAD1.686bn. "The acquisition of ASH REIT is a defining moment for Forum and REIIF. It reflects our commitment to building a platform that delivers long-term value for our Unitholders and supports the essential housing needs of students across Canada. This investment not only strengthens our leadership position but also aligns with our mission to develop resilient, diversified assets that drive sustainable growth," Richard Abboud, Forum Asset Management Founder & CEO.