Forum Capital Advisors Arranges $12 Million Preferred Equity for Multifamily Development in Cape Coral, Florida

Posted by Siobhan Sargent on Oct 4, 2022 5:03:20 PM

CAPE CORAL, Fla. – October 2022 – The Forum Structured Finance Team at Forum Capital Advisors LLC, a Denver-based real estate investment and asset management firm, announced today that it has closed on a $12 million preferred equity investment supporting the development of a mixed-used complex in downtown Cape Coral.

“Forum is excited to work with Huntington National Bank for the construction debt on this development located in downtown Cape Coral,” said Ross Macdonald, Senior Director – Investments. “We are excited to close another deal in the Florida market and look forward to potential future opportunities with this strong sponsor.”

Once completed, anticipated in 2025, the project should consist of 327 multifamily units along with 20,000 square feet of retail space and structured parking. The five-story development should include a variety of floor plan types, ranging from studio to 3-bedrooms. The building will also feature community amenities such as a resort-style pool with an outdoor kitchen, dog park, and bike storage and workshop.

Cape Coral is home to Lee Health and Florida Southwest college, allocating for over 13,000 employees and 16,000 students. We believe the project is well-located in the city, next to Cape Coral Parkway, home to over 30 restaurants and bars, a Publix Super Market, and several parks, beaches, and canal channels.

“The development is led by a very strong, vertically-integrated sponsor, who is working in partnership with the city to deliver a much needed housing, parking and retail asset to the community. For these reasons, coupled with the strength of the local market, we believe the project will be a huge success,” said Joe Chickey, Managing Partner – Structured Finance.

About Forum Investment Group

Forum Investment Group* is an innovative asset management firm that provides access and expertise to multifamily investments up and down the capital stack and throughout economic cycles. The firm specializes in multifamily acquisitions, developments, real estate debt, and structured finance solutions for owners, operators and developers across the U.S. Since 2007, Forum has built a track record that seeks to generate reliable current income with an attractive risk/return profile. For more information, visit


*References to “Forum Investment Group” or “Forum” refer to Forum Capital Advisors LLC (a registered investment adviser with the U.S. Securities and Exchange Commission that acts as the investment adviser to the Forum fund vehicles) and Forum Real Estate Group, LLC (Forum’s direct real estate investment arm).

Forum Investment Group is a private real estate investment firm with affiliate entities Forum Real Estate Group LLC and Forum Capital Advisors LLC.
Forum Capital Advisors, LLC is a registered investment adviser.
For more information, please visit our website:

This material is provided for informational purposes only and is not intended as and may not be relied on in any manner as legal, tax or investment advice, a recommendation, or as an offer to sell, a solicitation of an offer to purchase or a recommendation of any interest in any fund or security offered by Forum Capital Advisors LLC or its affiliates ("Forum"). Past performance is not indicative of future results. Private market investments are complex, speculative investment vehicles and are not suitable for all investors. An investment in a private market investment entails a high degree of risk and no assurance can be given that any private market investment objectives will be achieved or that investors will receive a return of their capital. The information contained herein is subject to change without prior notice and is also incomplete. This industry information and its importance is an opinion only and should not be relied upon as the only important information available. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed, and Forum assumes no liability for the information provided.

Securities may be offered through Foreside Financial Services LLC, a registered broker-dealer member of FINRA.

Past performance is not a guarantee nor a reliable indicator of future results. As with any investment, there are risks. There is no assurance that any portfolio will achieve its investment objective.


Topics: Middle Market Housing, Multifamily Real Estate

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