Job Description

Job Description

Forum Asset Management – Director, Real Estate Development

Location:
In-Office, 181 Bay Street, Toronto Work Schedule: Full-time, in-office (5 days/week) About Forum: Delivering Extraordinary OutcomesTM through Investment. Forum Asset Management is a North American investor, developer, and asset manager with a 30 year track record of delivering long-term value through real estate, private equity, and infrastructure investments.

We are a purpose-driven firm committed to sustainability, responsible investing, and making a positive impact in the communities where we invest. With over $4 billion in AUM, Forum is one of Canada's most agile investment platforms. In 2024, we completed the country's largest real estate transaction through our acquisition of Alignvest Student Housing, making us the largest owner and developer of Purpose-Built Student Accommodations (PBSA) in Canada.

Our open-ended Real Estate Income and Impact Fund (REIIF) is now over $2.9 billion, backed by a $4.0 billion development pipeline that spans coast to coast.

Forum is also building one of the fastest-growing self-storage platforms in Canada, focused on acquiring, developing, and operating institutional-grade storage facilities in undersupplied urban markets. REIIF Overview: Forum Real Estate Income and Impact Fund (REIIF), Forum's flagship private REIT, is a sector-leading Fund investing in institutional-quality purpose-built student housing, as well as multi-family rentals and furnished apartments, in supply-constrained markets across Canada.

Launched in December 2021 with gross assets totaling $200M, REIIF ended 2025 at ~$2.8B of gross assets.



REIIF has grown through its access to Forum's proprietary development pipeline and through the recent acquisition of Alignvest Student Housing REIT. REIIF's portfolio includes 32 assets spanning coast to coast, making it the largest owner of Purpose-Built Student Accommodations (PBSA) in Canada. Forum is a values-led, high-performance organization.

We embrace agility and innovation, and we strive to foster a team culture grounded in integrity, collaboration, humility, and results. Our growth is fueled by our ability to identify structural real estate themes and deliver strategies that balance income, impact, and long-term value creation.

Position Overview:

Forum Asset Management is seeking a Director, Real Estate Development to lead the day-to-day execution of development projects through municipal approvals, entitlements, and construction, reporting to the Managing Director, Real Estate Development. Based in our Toronto office, this role will be a key member of the Real Estate Development team and will contribute to executing Forum's growing development pipeline, ensuring projects are appropriately evaluated, budgets are adhered to, and target returns are achieved.

This role sits within Forum's growing development business, which is building a multi-billion-dollar pipeline of sustainable adaptive re-use and ground-up projects across Canada. The Director will manage a portfolio of specific projects and consultant teams through the development process,



from site acquisition through municipal entitlements to construction, working closely with the Investment Team to keep projects grounded in sound planning principles and market realities.

The role also supports due diligence and feasibility work, including highest and best use analysis, on new site acquisitions. This posting is for an existing vacancy at Forum. Key Duties and

Responsibilities:
Establish the project vision for each development and communicate it effectively to internal teams, external partners, and the public. Lead and manage projects through the development process, from site acquisition to municipal entitlements, permitting, and construction.

Build and manage project budgets and forecasts, including approving and processing consultant invoices against approved budget and timing. Hire and lead consultant teams to produce materials for internal review, development applications, and public meetings, including critical review of plans, reports, and studies. Prepare, submit, and manage development approvals such as OPAs, ZBLAs, Section 37 agreements, draft plans of subdivision, SPAs, minor variances, and building permits.

Oversee the day-to-day management of development projects from feasibility through completion, and provide development support to other Real Estate divisions including project management, asset management, and investments. Navigate and negotiate development-related policy, agreements, and legal documents. Prepare quarterly development reports and present periodic status updates to senior management. Monitor and report on changes to municipal planning regimes affecting Forum properties, as well as adjacent applications in key markets.

Build and maintain relationships with municipal

📌 Director, Real Estate Development (Canada)
🏢 Forum Asset Management
📍 Canada