Summary:
- Forum Asset Management closed its Forum Priority Partners Development Fund I with over $88 million in equity commitments, meeting its target and demonstrating strong investor interest in its established development platform and project pipeline.
- The Fund focuses on institutional-grade purpose-built student housing and furnished rentals in Toronto, Ottawa, and Guelph, addressing supply shortages in high-demand university markets across Canada.
- Forum emphasizes its role in easing housing pressures by adding student accommodation that frees up traditional rental units, contributing to a more balanced rental market amid ongoing housing supply challenges.
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