Alignvest Student Housing Real Estate Investment Trust (ASH REIT)
Sponsor and manager of the seller · Real estate (purpose-built student housing)
Buyer Forum REIIF · Seller Alignvest Student Housing REIT unitholders (sponsored and managed by Alignvest)
Sale of ASH REIT, which owned 17 properties with 7,159 beds in university markets including Halifax, Montreal, Ottawa, Waterloo and Edmonton, to Forum REIIF for about $1.7 billion. Alignvest says the REIT, launched in 2018, returned roughly 3x initial capital to investors.