Origination Date: June 2018
Asset Type: Shareholder Recapitalization
Dermot is a New York City-based real estate firm focused exclusively on developing, acquiring, and managing multifamily rental properties along the US eastern seaboard, with a concentration in Manhattan, Brooklyn, and Queens. Since its inception, Dermot has developed or acquired more than 50 properties with a gross value of $2.5B in partnership with leading US and European institutional investors. As of July, 2022, Dermot managed a portfolio of 5,000+ apartments across New York City, Florida, and the Carolinas.
Forum led the recapitalization of the Company in 2015 associated with the buyout and retirement of its founding partner. Forum has since helped grow the Dermot platform, with the company acquiring over 11 properties since Forum’s investment.
Origination Date: December 2015
Asset Type: Initial Capitalization, Founding Shareholders
Workspace Property Trust is a fully-integrated real estate company focused on acquiring, owning, and operating high-quality office and flex real estate in prime locations within transit-centric, amenity-rich suburban submarkets. As of December, 2022 Workspace’s portfolio comprised over 200 properties across 22 major US markets comprising over 19 million square feet of suburnan office and light industrial space .
The Company was established in 2015 by a management team led by industry veteran Thomas Rizk and an investor group led by Forum Partners. Since its investment in 2015, Forum has helped scale the Workspace platform, including a August, 2022 acquisition of over $1.2 billion of office and flex properties from Griffin Realty Trust.
Origination Date: November 2018
Asset Type: Programmatic Acquisition & Development Strategies
Prime Data Centers is a fully integrated US-based real estate management and development company with a focus on design, development, leasing, operations, financing, and acquisitions of data center assets. The Company targets Tier 1 and Tier 2 North American markets, as well as edge markets with long-term leases. As of December, 2022, Prime’s owns and manages a portfolio of data centers with over 2 gigawatts of capacity.
Forum has partnered with Prime to acquire cash-flowing data centers with mid to long-term leases with value add through vacancy reduction, repositioning, and development.
Origination Date: April 2018
Asset Type: Private Share Placement
Forum has been invested for nearly two decades in the equity capital of the DIC Group (“DIC”), including affiliates and entities associated with the German real estate activities of Dr. Gerhard Schmidt. These activities include listed and private businesses engaged in the development, ownership, and management of commercial assets across Germany, including a variety of investment and asset management companies. The ultimate control positions in these widely varied businesses are held by TTL Beteiligungs and Grundbesitz-AG (“TTL”), a public company listed on the Frankfurt Stock Exchange. Forum is likewide is a shareholder of TTL.
Origination Date: May 2018
Asset Type: Platform Recapitalization
Gadsden Properties is a US based development and management company with a focus on retail and mixed-use real estate in secondary and tertiary cities. The Company derives value from smaller, flexible retail investments that range from $5 million to $50 million and off-market mixed-use properties ranging from $50 million to $250 million. As a result of this chosen strategy, Gadsden has developed a unique competitive advantage that generally allows them to invest in markets and assets that are often overlooked by larger institutional investors. The Company is headquartered in Scottsdale, Arizona, and is looking to expand in the Southwest including Texas and New Mexico.
Origination Date: August 2018
Asset Type: Platform Recapitalization & Programmatic Acquisition Strategy
Urban Retail Properties, LLC, is a privately held commercial real estate investment and operating company headquartered in Boca Raton, Florida. Formed over 40 years ago, Urban is a national leader in the third party management of retail properties, including regional malls, power centers, community centers and big box portfolios. Urban has five regional offices throughout the United States and has worked closely with more than 100 clients over the years, including pension funds, individual owners, insurance companies, special servicers,and institutional owners of mixed-use, retail and office asset classes. Urban currently manages 23 retail properties in 9 states, comprising over 16 million square feet.
Forum completed a strategic investment into Urban in 2018. Forum has helped Urban launch a strategic initiative to redevelop and reposition regional malls that are no longer fit for purpose, taking direct stakes and management contracts over two large assets in the metro Atlanta and metro Miami-Dade markets.
Origination Date: May 2019
Asset Type: Equity Investment
Uptown Residential Partners is an Australian proprietary company established by Forum Partners to invest into the Australian residential property sector. Since inception in 2019, Uptown has acquired over 350 strata apartments in key Australian CBD markets. Uptown continues to provide strategic and opportunistic investment opportunities backed by the resilience of Australian residential income and upside via capital growth.
Diversified listed French property company with focus on high quality office properties in central Paris
Established in 1983, Confinimmo is a listed specialist property company with a historic focus on the Belgian office market.
Over the course of three separate investments, Forum provided Confinimmo with capital necessary to acquire a series of net-leased central Brussels office towers that increased Confinimmo’s gross asset value by 15%.
Gecina is a listed specialist French property platform with a focus on office and residential properties.
Forum’s 2004 investment in Gecina helped provide the company with the capital required to increase its holdings in central Paris office properties, which, at the time, provided superior return prospects than its historic holdings of residential assets.
ICADE is a listed specialist French property company with holdings across a variety of real estate sectors.
Over the course of three separate investments, Forum acquired an equity interest in EMGP (“”Warehouse and General Stores of Paris””), a specialist office platform majority-owned by ICADE. After selling its interest in EMGP to ICADE, Forum participated in ICADE’s IPO in 2006.
Colonial is a listed Spanish property company with holdings across Madrid, Barcelona, and Paris.
Forum acquired an equity interest in Colonial that supported the company’s 2004 acquisition of Societe Fonciere Lyonnaise–another Forum portfolio company.
Citicon Oyj is a specialist listed Finnish property company with a principal focus on retail assets.
Forum’s 2004 investment in Citicon helped to finance the company’s expansion into other Scandinavian countries.
Diversified commercial platform with assets across Netherlands key markets.
Affine was a listed diversified French real estate company with holdings across a variety of commercial property sectors.
Colonia Real Estate is a listed Germany specialist real estate company focused on investments in high-yielding residential properties across Germany.
Forum’s 2005 investment in Colonia helped fund the company’s acquisition of a portfolio of German residential properties.
Office platform specalising in core-plus located across Germany key markets.
Fonciere Paris France was a specialist listed French office platform with holdings in the 6th and 7th arrondisements of Paris.
Forum participated in its 2007 IPO, with the company using the proceeds of this offering to fund refurbishments and acquisitions.
Halladale Group was a listed specialist UK retail platform focused primarily on co-invest fund management opportunities across Britain.
Forum’s 2006 investment in Halladale provided the company with capital to fund the capital expenditure requirements of its existing development pipeline, secure the co-invest capital needed for its continental European fund, and establish new funds with existing co-invest partners.
Eurozone Capital was a specialist platform established by Espais S.A., a Spanish property developer.
Forum provided formation capital for Eurozone Capital, which focused on the creation of a portfolio of commercial rental properties in Barcelona and Madrid.
Fonciere Atland is a listed specialist French property company.
Forum provided growth capital to an Atland subsidiary focused on the development of rental commercial property in Franch, pricipally logistics and industrial assets.
Distressed loan portfolio with secured assets located in UK key markets.
Invista was an externally-managed UK listed real estate company with diversified commercial real estate holdings across Western and Central Europe.
Forum investment in the form of preferred shares helped Invista with the refinancing of its portfolio.
Office and light industrial platform specialising in core-plus located across UK key markets.
New River is a listed UK specialist retail platform, with a portfolio of strategically located strip centers and malls. New River was founded by the management team of Halladale, a former Forum portfolio company, that was bought out at the peak of the market in 2007.
Forum’s investment in the form of convertible unsecured loan stock provided New River with growth capital to expand its holdings in the UK retail market.
JMS Estates was a specialist UK residential and student housing operator, with a principal focus on the London market.
Forum’s investment in JMS provided the company with the capital necessary for a program dedicated to acquiring and reburbishing residential properties in West and Central London.
Foundation Property and Capital is a specialist private UK property company focused on the development and repositioning of real estate assets across a variety of sectors in the UK.
Over the course of two separate transactions, Forum provided credit to Foundation in relation to a Foundation program dedicated to the opportunistic acquisition and redevelopment of retail assets that were no longer fit for purpose.
CapitaLand Ascendas REIT, formerly known as Ascendas Real Estate Investment Trust, is Singapore’s first and largest business space and industrial REIT.
Forum invested in the REIT in connection with the acquisition and development of core-plus logistics properties in Singapore. Forum also participated in two Ascendas-managed specialist strategies focused on the Chinese commercial and industrial markets.
Suntect Real Estate Investment Trust is a listed Singaporean real estate company with holdings in office and retail properties across the Asia-Pacific region.
Forum provided pre-IPO funding to Suntec.
Ticon Freehold and Leasehold Real Estate Investment Trust is a listed Thai property company with holdings in the industrial and logistics sector.
Forum provided pre-IPO funding to this specialist logistics platform.
Country/Market: Hong Kong
Fortune REIT is a listed Hong Kong property company, with a portfolio of retail assets.
Forum’s investment in the company was associated with Fortune’s efforts to expand its holdings in the Hong Kong market.
Ascendas India Trust was a closed-end private Singaporean trust focused on investing in office assets in the Indian market.
Forum provided formation capital to the trust, which used the proceeds to acquire a series of IT office parks in key Indian markets.
Axis Real Estate Investment Trust is Malaysia’s first REIT.
Forum provided pre-IPO funding to this office and industrial platform.
Mapletree Logistics Trust is a listed Singaporean specialist real estate company focused on the logistics and light industrial sectors.
Forum participated in the IPO of the listed specialist platform.
Central Pattana is Thailand’s largest retail property development and investment company.
Forum provided pre-IPO funding to this retail platform specialising in core-plus with assets located across key Thailand markets.
Prime REIT is a Singaporean listed real estate company.
Forum provided pre-IPO funding to this office and retail platform, with the proceeds from this investment used to acquire two income-producing shopping centers in Singapore.
CapitaMall Trust was the first listed and, at one point, the largest REIT in Singapore.
Forum’s investment in the REIT helped finance the acquisition of two shopping centers and refinance a bridge loan.
Country/Market: Hong Kong
Link REIT is the first listed real estate investment trust in Hong Kong. The Hong Kong government established the REIT by hiving off retail assets owned by the Hong Kong Housing Authority.
Forum provided pre-IPO funding to this retail platform, which, at the time, controlled c.10% of the Hong Kong retail market.
Country/Market: Hong Kong
Guangzhou Real Estate Investment Trust was a Hong Kong listed specialist real estate investment firm with holdings in trophy retail assets in Guangzhou.
Forum participated in a pre-IPO funding round for this REIT, with the proceeds used to acquire three prime retail assets in the Southern Chinese city.
Forum and Wing Tai formed a joint venture, Averi Draycott, focused on the development of build to rent apartments in Singapore.
Sing Holdings is listed Singaporean real estate developer.
Forum provided pre-IPO funding to this residential development platform specialising with assets located in Singapore market.
CapitaMall Japan was a private Singaporean subsidiary of CapitaLand that focused on the Japanese retail market.
Forum provided growth capital to the company.
IDEB is an Indian construction and real estate development company.
Forum provided pre-IPO financing to IDEB, with the proceeds principally used for land acquisitions in Bangalore, India.
China New Town Development is a listed Hong Kong company focused on the planning and development of large-scale new towns in and around China’s largest cities.
Forum participated in a pre-IPO funding round for the company.
Xinyuan is a listed real estate developer focused on building large-scale residential projects for middle-income consimers in China’s ‘Tier II’ cities.
Forum participated in Xinyuan’s IPO, which, at the time, was the first New York listing for a Chinese developer.
Kaisa Group Holdings a listed Chinese real estate development company.
Forum joined with a select club of institutional investors to provide pre-IPO funding to Kaisa, with the proceeds used to expand the company’s residential development platform.
Pacific Investment Management Company (“”Pamco””) is a specialist Korean asset manager.
Forum provided growth capital to a Pamco-managed retail platform specialising in value-add and turn-around located in Seoul, South Korea.
Galileo is an ASX-listed REIT.
Forum invested in Galileo’s Japan subsidiary , which focused on investments in Japanese office properties in key CBD districts.
Forum provided mezzanine financing to the owners of the Podo Mall in Seoul, South Korea.
Shinsei Portfolio (“Shinsei”) was an unlisted Japanese REIT with a portfolio of three real estate properties in central Tokyo.
Forum provided mezzanine financing to the platform operator and helped implement a strategy to boost occupancy across the portfolio.
Duet Hotel was a specialist real estate development company operating in then undersered ‘internationally branded’ mid-market segment in key Indian cities.
Forum provided formation capital to Duet, with the proceeds used to acquire a seed portfolio of mid-market Indian hotels.
Bluestone in a lender specializing in home loan with operations in Australia, New Zealand, and the Philippines.
Forum provided growth capital to the non-bank lender.
Forum provided growth capital to Nomura’s core-plus Japanese office platform.
Forterra Trust, previously known as “Treasury China Trust,” was a Singapore-listed Chinese property company.
Forum provided growth capital to the specialist developer and operator of retai, office, and industrial properties in key Northern Chinese markets.
Sincere Property Group was a private Chinese homebuilder.
Forum provided growth capital to this residential development platform specialising in building for sale assets located in key China urban markets.
Forum acquired Denison Funds Management, an Australian office and light industrial platform specialising in core-plus and valued-add properties located across key Australian markets.
Roxhill is a specialist UK industrial and logistics developer focused on sourcing, permitting, and constructing big-box build-to-suit developments across key British markets.
Through three separate transaction, Forum provided Roxhill with growth capital.
Oxenwood Real Estate is a privately-owned specialist logistics and industrial platform operating in the UK and Western Europe.
Forum provided growth capital to Oxenwood in 2014 and helped scale its logistics holdings across the UK.
Established in 1984, TSCG is a retail-only platform that provides a full assortment of advisory services to tenants, landlords, developers, investors, and financial institutions throughout the US. TSCG is vertically-integrated platform with six distinct business segments: investments, research and analytics, leasing, tenant representation, property management, and medical office. With over 240 team members across twenty offices in over 11 states, TSCG is the largest platform of its kind in the US.
Forum completed a strategic investment into TSCG in 2022, with the aim of helping TSCG launch an investment platform targeting the acquisition of grocery-anchored strip and power centers in strategic markets across the US Eastern Seaboard.
Newbridge has been established by Forum to invest in the energy transition sector globally. Newbridge has invested in a variety of projects, either diretly at the asset level or indirectly through platform or entity level investments, with an initial focus in the UK and Europe. Newbridge is actively pursuing investment opportunities in grid-scale battery storage and green hydrogen assets. Newbridge is also exploring investment opportunities that compliment Forum’s existing holdings in real estate.
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