Forum Real Estate Income Fund Stock Price, News & Analysis

Forum Real Estate Income Fund (FORFX) is a diversified, closed-end management investment company that operates as an interval fund. The fund continuously offers its shares of common stock but does not have a secondary market for those shares, and it does not expect such a market to develop. As a result, investors are generally unable to sell shares whenever or in whatever amount they may desire and are encouraged to view an investment in the fund as illiquid.

The F share class of Forum Real Estate Income Fund is identified by the ticker symbol FORFX. According to information provided by Forum Investment Group, the fund targets high-income, low-volatility institutional real estate debt investments that are typically unavailable to individual investors. Its portfolio is diversified across private credit and institutional commercial mortgage-backed securities (CMBS) markets, with the goal of delivering competitive returns and growth for shareholders.

Forum Real Estate Income Fund is sponsored and managed within the broader platform of Forum Investment Group, a private real estate investment management firm that focuses on the multifamily sector. Forum states that it built its foundation in multifamily development and later expanded into acquisition activities. In 2018, Forum established an investment management platform designed to provide institutions and financial intermediaries with access to multifamily debt, private credit, and equity exposure. Forum notes that it has assets in more than 20 U.S. states, reflecting a geographically diversified real estate footprint.

The fund’s strategy is described as emphasizing real estate debt investments with an institutional profile. By focusing on private credit and institutional CMBS, Forum Real Estate Income Fund seeks to provide exposure to income-oriented real estate instruments that may be less accessible through traditional public markets. The fund’s approach is presented as aiming for high income and relatively low volatility, although Forum also cautions that the fund’s performance may be volatile and that the investment may involve a high degree of risk.

As an interval fund, Forum Real Estate Income Fund is subject to a specific regulatory structure that allows it to continuously offer shares while limiting liquidity through periodic repurchase offers rather than daily trading on an exchange. The fund’s disclosures highlight that there is no secondary market for its shares and that investors should carefully consider the illiquid nature of the investment before purchasing shares.

Forum and the fund’s materials emphasize that past performance is not a guarantee of future results and that investors should review the prospectus and statement of additional information to understand the fund’s investment objectives, risks, charges, and expenses. These documents are intended to provide more detail on the fund’s strategy, the types of real estate debt instruments it may hold, and the risk factors associated with interval fund structures and real estate-related investments.

Forum Real Estate Income Fund is distributed by Foreside Fund Services, LLC, which acts as the distributor for the fund’s shares. The fund is positioned for investors who are comfortable with an illiquid structure and who seek exposure to institutional real estate debt through a registered investment company format.