Forum Real Estate Income Fund Approves Nuveen as Sub-Adviser
Forum Real Estate Income Fund, advised by Forum Capital Advisors, announced Nuveen as its new non-discretionary sub-adviser. Leadership said the move reinforces the fund’s commitment to enhanced sourcing.
Following the successful conclusion of the proxy solicitation process, shareholders of Forum Real Estate Income Fund, or FREIF, formally approved the appointment of Nuveen: a global investment manager with over $1.3 trillion in assets under management, including more than $400 billion in real estate debt and equity investments.
As non-discretionary sub-adviser, Nuveen will provide investment recommendations, market research, deal sourcing, credit insights and trading related to real estate securities and debt instruments such as commercial mortgage-backed securities.
Nuveen will operate under the supervision of Forum Investment Group. All investment decisions and execution authority remain fully with the FREIF portfolio management team.
“We’re pleased to welcome Nuveen to FREIF’s investment ecosystem,” said Lee Beck, president of Forum. “Their deep bench of securitized credit professionals, extensive market access, and strategic perspective will enhance our sourcing engine while maintaining our proven investment structure.”
“We’re excited to support Forum and the FREIF platform with our real estate market research and credit expertise,” said Jeff Carlin, senior managing director, head of global wealth advisory services at Nuveen. “We believe this collaboration is well aligned with our commitment to supporting sophisticated investment strategies with deep sector knowledge and market access.”
Earlier this year, Forum highlighted the 2024 performance of FREIF, delivering a 13.36% and 13.26% annualized net return for the Founders share, or F share class, and I share class, respectively.
As of May 31, 2025, their cumulative net return since inception were 56.39% and 27.5% for Class F and Class I shares, respectively.
Also as of the end of May, the fund reported total gross assets of $297.5 million and total net assets of $275.6 million.
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.
With the approval of Nuveen and the expanded portfolio management team, Forum believes FREIF is well-positioned to deliver continued value to shareholders through enhanced credit research, deeper sourcing reach, and disciplined portfolio execution.
It’s been a busy month for Forum. It recently appointed Harry Alcock as managing partner, head of investments, a strategic leadership role responsible for shaping and executing the firm’s real estate acquisition, development, and asset management strategy. In the position, Alcock is leading real estate organization, designing investment strategies, and overseeing capital deployment.
Forum Investment Group specializes in multifamily acquisitions, developments, real estate debt, and structured finance solutions for owners, operators, and developers across the United States. In 2018, the firm established its investment management platform to offer institutions and financial intermediaries access to multifamily debt, private credit, and equity exposure.
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