Forum Student Living Fund I Completes $43.3 Million Initial Public Offering
Forum Student Living Fund I (the “Trust”) has completed its initial public offering for total gross proceeds of approximately C$43.3 million. The Trust also raised additional proceeds through concurrent private placement offerings and a co-investment by an affiliate of Forum Asset Management Inc., resulting in an aggregate capital raise of approximately C$46.7 million. The Trust was created for the primary purpose of investing in a portfolio of Canadian purpose-built student accommodation properties.
In connection with the initial public offering, CIBC World Markets Inc. acted as lead agent to the Trust, with a syndicate that included iA Private Wealth Inc., Wellington-Altus Private Wealth Inc., Canaccord Genuity Corp., CI Investment Services Inc., Desjardins Securities Inc., Raymond James Ltd. and Richardson Wealth Limited (collectively, the “Agents”).
Wildeboer Dellelce LLP acted for the Agents in connection with the initial public offering with a team that consisted of Rebecca Cochrane, Natalie Tershakowec, Jason Kim (corporate/securities), Lovejot Bhullar (real estate) and Mariam Al-Shikarchy (tax).
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