Investment Management  ·  Strategies & Standards

Direct real estate investments for a private partner base.

Forager invests its own capital alongside private partners in commercial real estate in Canada and the United States. The firm structures each opportunity directly and remains involved through execution, ownership, reporting, and exit.

A Note on Capital

Forager keeps its partner base narrow, its mandate specific, and its reporting direct. Capital preservation is central to how the firm underwrites, structures, and manages each investment.

Investment Strategies

Four strategies. Each structured around the opportunity.

Development Partnerships
Typical OpportunityGround-up industrial and commercial development opportunities where Forager can influence site selection, entitlement, design, capitalization, and delivery.
Target ProfileProject-specific opportunities with a clear business plan and execution path.
Primary Return DriverDevelopment profit and capital appreciation.
Build With Us
Typical OpportunityPurpose-built facilities for occupiers and operators with specialized real estate requirements.
Target ProfileBespoke opportunities shaped around defined business needs.
Primary Return DriverContracted execution, long-term ownership, or structured exit.
Value-Add
Typical OpportunityExisting commercial assets where leasing, capital improvements, repositioning, or operational execution can improve income and value.
Target ProfileIncome-producing assets with identifiable upside.
Primary Return DriverNOI growth and capital appreciation.
Core Plus
Typical OpportunityStabilized or near-stabilized assets with durable tenancy and selective upside.
Target ProfileIncome-oriented assets with downside protection.
Primary Return DriverCurrent income and selective value creation.
Active The Bonita Foundry Bonita Springs, Florida · 174,000 SF · Class A Flex / Commercial
For Our Limited Partners

How the firm stays close to its partners.

Sponsor Co-Invest

Forager invests alongside its partners in each project.

Relationship-Led

Capital is raised through direct relationships, not broad distribution.

Direct Reporting

Forager leadership keeps partners current with regular updates and is open to direct conversation at any time.

Cross-Border Structuring

Canadian and U.S. structuring is addressed at the front end of each business plan.

Long-Hold Discipline

Exit timing follows the asset, business plan, and capital structure rather than a forced fund clock.

The Work

Commercial real estate investments, structured for aligned private capital.

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