Forum REIIF to acquire 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, agreed to acquire 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. "This combination marks a pivotal step in Forum's journey and is a testament to our team's hard work and dedication in building a leading alternative asset manager. The transaction builds upon Forum's 28-year history of delivering Extraordinary Outcomes™ to our stakeholders, while reinforcing our commitment to delivering much needed, high-quality and professionally managed housing for students across Canada. We look forward to welcoming Alignvest unit holders to our institutional-quality platform," Richard Abboud, Forum Asset Management Founder and CEO.