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Debt Investments Continue to Drive Forum Real Estate Income Fund’s Performance

By Mari Nicholson

Debt Investments Continue to Drive Forum Real Estate Income Fund’s Performance

Forum Investment Group announced the 2024 performance of Forum Real Estate Income Fund, delivering a 13.36% and 13.26% annualized net return for the Founders share, or F share class, and I share class, respectively.

The real estate private credit and debt-focused interval fund, which launched in 2019, targets high-income, low-volatility institutional real estate debt investments typically unavailable to individual investors. Janus Henderson Investors entered a partnership to market the fund in April of last year.

The fund’s $192.5 million net assets under management are diversified across private credit and institutional CMBS markets, seeking to deliver competitive returns and growth.

“Our team’s expertise and diversified strategy drove solid risk-adjusted returns in 2024,” said Pat Brophy, portfolio manager. “[The fund’s] flexibility to pivot with market conditions positions us well for 2025.”

Forum Capital Advisors, a subsidiary of Forum Investment Group, is a Denver-based investment management firm registered serves as investment adviser to the ’40 Act interval fund.

For the year ended Dec. 31, 2024, both Class F and Class I shares – distributed by Foreside Fund Services LLC – had a net asset value per share of $9.62, compared to $9.36 the previous year, a nearly 2.78% increase.

The fund’s Class K and Class M shares were not available for purchase prior to July 17, 2024, and Oct. 19, 2024, respectively, and thus did not have a recent NAV to report.

Since the fund’s launch, Forum Investment Group said the fund has steadily grown, offering a 9.82% total dividend yield for the F share class in 2024 and distributing $0.2805 per share in Q4. For the same time period, the fund’s I share class offered a 9.73% total dividend yield and distributed $0.2782 per share.

Forum Investment Group is an asset management firm focused on multifamily acquisitions, developments, real estate debt, and structured finance solutions for owners, operators and developers across the United States.

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