Expérience

Forum’s C$1.7 billion combination with Alignvest Student Housing

Temps de lecture 2 minutes

Aperçu

Mandat

Forum Asset Management Inc. and Forum Real Estate Income and Impact Fund

Terminé décembre 2024

On December 18, 2024, Forum Real Estate Income and Impact Fund (“REIIF”), a private real estate investment trust affiliated with Forum Asset Management (“Forum”), completed its C$1.7 billion combination with Alignvest Student Housing Real Estate Investment Trust’s portfolio (“Alignvest”).

The combination makes REIIF the leading owner of purpose-built student accommodations (PBSA) in Canada, and has been listed in the Top 20 RENX commercial real estate stories of 2024.

With the inclusion of the Alignvest portfolio, REIIF will own and manage nearly 10,500 beds, enhancing its commitment to delivering institutional-quality properties in top university markets across the country. This increased scale will allow Forum to expand its PBSA development program, addressing the growing need for high-quality student housing in supply-constrained markets across Canada.

Fasken advised Forum and its affiliated entities on the real estate, financing, corporate, and tax structuring matters related to this complex acquisition with a team comprised of Gesta Abols, Grant McGlaughlin, Claire Gowdy, Alexis Shamess, Taylor West, Arjun Sodhi, Cole Halbert (Private Equity and Mergers & Acquisitions); Andrea Centa, Allyson Roy, Iris Tam, Ruby Cammarano, Giovanna Campagna (Real Estate (Ontario)); Nicolas Leblanc, Catherine-Anne Goldrick (Real Estate (Quebec)); Paul Logan (Real Estate (Alberta)); Lu Chen, Nicholas McFarlane (Banking and Finance); Chris Margison (Competition, Marketing & Foreign Investment); Mitchell Thaw, Katerina Ignatova (Tax Law); Christian Paquette, Camille Sigouin (Labour, Employment & Human Rights); Jamie Marcello, Karan Bateriwala and Peter Garrett (Articling Students).

Juridiction

Canada

Équipe

Gesta A. Abols, Associé | Cochef, Pratiques transfrontalière et international, Toronto, ON, +1 416 943 8978, [email protected]
Grant E. McGlaughlin, Associé | Capitaux privés, Toronto, ON, +1 416 865 4382, [email protected]
Claire Gowdy, Associée | Fusions et acquisitions, Toronto, ON, +1 416 868 3541, [email protected]
Alexis Shamess, Avocate | Droit des sociétés et droit commercial, Toronto, ON, +1 416 865 5465, [email protected]
Taylor West, Avocat | Droit des sociétés et droit commercial, Toronto, ON, +1 416 865 5466, [email protected]
Arjun Sodhi, Avocat | Fusions et acquisitions, Toronto, ON, +1 416 865 4503, [email protected]
Cole Halbert, Avocat | Droit des sociétés et droit commercial, Toronto, ON, +1 416 868 7858, [email protected]
Andrea L. Centa, Associée | Droit immobilier, Toronto, ON, +1 416 868 3348, [email protected]
Allyson Roy, Associée | Droit immobilier, Toronto, ON, +1 416 865 4371, [email protected]
Iris Tam, Associée | Droit immobilier, Toronto, ON, +1 416 865 5156, [email protected]
Ruby Cammarano, Avocate | Droit immobilier, Toronto, ON, +1 416 865 5408, [email protected]
Giovanna C. Campagna, Avocate | Droit immobilier, Toronto, ON, +1 416 865 4499, [email protected]
Nicolas Leblanc, Associé | Immobilier, Montréal, QC, +1 514 397 5262, [email protected]
Catherine-Anne Goldrick, Associée | Immobilier, Montréal, QC, +1 514 397 5153, [email protected]
Paul Logan, Associé | Co-Chef, Immobilier, Calgary, AB, +1 403 261 9431, [email protected]
Lu Chen, Associée | Financement et opérations bancaires, Toronto, ON, +1 416 868 3483, [email protected]
Nicholas McFarlane, Avocat | Financement et opérations bancaires, Toronto, ON, +1 416 865 4428, [email protected]
Chris Margison, Avocat-conseil | Concurrence, commercialisation et investissements étrangers, Toronto, ON, +1 416 943 8975, [email protected]
Katerina Ignatova, Avocate | Fiscalité, Toronto, ON, +1 416 868 7852, [email protected]
Christian Paquette, Associé | Travail, emploi et droits de la personne, Toronto, ON, +1 416 865 5148, [email protected]
Camille S. Sigouin, Avocate | Travail, emploi et droits de la personne, Ottawa, ON, +1 613 696 6900, [email protected]
Jamie Marcello, Stagiaire en droit, Toronto, ON
Peter Garrett, Stagiaire en droit, Toronto, ON