TORONTO- Forum Equity Partners (“Forum”) today announced that it has partnered with Ryna Living (“Ryna”) on the Forum Real Estate Income and Impact Fund’s (“REIIF” or the “Fund”) Latin Quarter multi-family apartment property in Montreal, located at 365-369 Ontario Street East.
Ryna is a co-living and apartment rental platform that leverages technology to make renting easier and safer for people who identify as women.
REIIF understands the difficulties women, especially those in their twenties and thirties, experience in the rental housing market. Women are transitioning into new careers, new cities, and new stages of life and are sometimes forced to alter their living situations. Finding a place in the city can be daunting, unsafe, and emotionally draining. Awareness of these difficulties led REIIF to partner with Ryna on providing women with a supportive and enhanced rental experience.
“Ryna provides women with beautiful, comfortable, and safe rental housing,” said Sheryl Song, Co-Founder and CEO of Ryna. “We provide women with tenant support, furnished common areas, and our proprietary roommate matching algorithm greatly improves roommate compatibility. Our mission is to empower women to pave their own independent path and create a life they love. Although our company is focused on making renting easier and safer for women, we welcome anyone who supports our mission to join our community,” she added.
“True to our impact-driven asset management goals, REIIF is committed to ensuring its properties are accessible to the diverse groups that make up Canada’s population,” said Aly Damji, Forum Partner – Real Estate. “We’re proud to partner with Ryna on this centrally-located Montreal property, adding to our existing collaboration with Ryna in Toronto.”
REIIF’s multi-unit residential Latin Quarter property located at 365-369 Ontario Street East has 26-units, includes at-grade retail, and is located near Berri-UQAM Metro station, UQAM university, and l’Université de Montreal’s CHUM hospital. REIIF will be investing in the property through a host of energy-efficient retrofits while also upgrading apartment units and common areas.