Forum Investment Group announced that the Forum Real Estate Income Fund (FREIF) surpassed $300 million in net assets under management (AUM) – a milestone reflecting investor demand for more income-oriented solutions in an evolving market.
Structured as an interval fund (ticker: FORAX), FREIF is an alternative “to traditional fixed income that seeks to provide high income potential with lower volatility by investing in a diversified portfolio of public1 and private real estate debt investment opportunities.”
Since launching October 30, 2019, the Fund “has attracted RIAs, family offices, and high-net-worth individuals seeking alternatives to traditional bonds.”
Lee Beck, President at Forum:
‘‘Reaching the $300 million mark is more than a milestone, it signals FREIF’s evolution into a scaled platform with staying power. ‘In a time when investors are rethinking portfolio allocations, FREIF presents a viable alternative to traditional fixed income exposure.’’
As of June 30, 2025, FREIF reported:
- 1-year net return: 10.82% (Class F), 10.72% (Class I)
- 3-year annualized return: 10.82% (Class F)
- Since inception cumulative net return2: 58.43% (Class F), 29.16% (Class I), 9.22% (Class K)
These results highlight the Fund’s income generation “across multiple market cycles, including the COVID-19 crisis and recent interest rate volatility.”
FREIF’s portfolio emphasizes “hard-asset, real estate-backed debt investments, with a focus on downside risk mitigation and long-term value creation. For more information, FREIF.com.”
Forum Investment Group is a Denver-based boutique investment management firm dedicated to enabling “individual investors by investing through real estate cycles.”
With assets in more than 20 states, Forum reportedly “built its foundation in development and evolved into acquisition and financing, providing access to a range of real estate investments. ”
Forum Real Estate Income Fund is described as “a diversified, closed-end management investment company that continuously offers its shares of common stock, and is operated as an ‘interval fund.'”
As noted in the update, there is currently “no secondary market for its shares and the Fund does not expect any secondary market to develop for its shares.”
As clarified in the update, clients may “not be able to sell shares when and/or in the amount that they desire.”
Investors should consider shares of the Fund to be “an illiquid investment.”