Our Business
Private Equity
Since its inception in 2013, Forgestone has successfully raised four opportunity funds totaling approximately $450M in equity commitments. The funds are value-add in focus through the acquisition of income-producing properties, strategic development, and opportunistic mortgage lending within major urban markets across Canada.
- Income Investments – Value creation through revenue enhancement and/or repositioning strategies
- Development – All asset classes, with emphasis on intensification projects within major urban centers (GTA/GMA/GVA). Entitlements JVs with established-proven developers for market housing
- Debt Financing – Preferred equity, strategic bridge and mezzanine (1st and 2nd) with ability to convert to equity or participation in the future
- Co-GP Investments – Strategic investment for minority interest alongside our capital partners and advisory clients
Forgestone Opportunity Fund No. 1
Closed-ended Fund
Deployed 2013
Realization
Focus - Income (retail, office), land entitlement
Forgestone Opportunity Fund No. 2
Closed-ended Fund
Deployed 2016
Realization
Focus - Residential land entitlement, condominium development
Forgestone Opportunity Fund No. 3
Closed-ended Fund
Deployed 2019
Value creation phase
Focus - Income (industrial, condo conversion), development (industrial, condominium, purpose-built rental)
Forgestone Opportunity Fund No. 4
Closed-ended Fund
Deployed 2022/2023
Value creation phase
Focus - development (industrial, condominium), land entitlement