Mission

Our mission is to generate above-average, risk-adjusted returns by investing in a diverse portfolio of commercial, income-yielding assets in the Netherlands, Italy and Switzerland.
Mission

Our mission is to generate above-average, risk-adjusted returns by investing in a diverse portfolio of commercial, income-yielding assets in the Netherlands, Italy and Switzerland.
Overview

Forma Real Estate Fund is a closed-end investment fund which has raised €190 million to invest in core-plus / value-added opportunities in the target markets.

Forma utilizes the vast experience, market know-how and financial acumen of its management team to generate attractive, risk-adjusted returns and significant cash-on-cash distributions.

The Fund has on-the-ground presence in the target markets and follows a well-defined, disciplined investment process.
Overview

Forma Real Estate Fund is a closed-end investment fund which has raised €190 million to invest in core-plus / value-added opportunities in the target markets.

Forma utilizes the vast experience, market know-how and financial acumen of its management team to generate attractive, risk-adjusted returns and significant cash-on-cash distributions.

The Fund has on-the-ground presence in the target markets and follows a well-defined, disciplined investment process.

Management Team
THE PEOPLE BEHIND OUR MISSION

daniel zabar forma

DANIEL ZABAR
Founder and Managing Partner
david netser forma

DAVID NETSER
Founder and Managing Partner
Amir Hertz

AMIR HERTZ
Partner and CFO
Linda Benshoshan

LINDA BENSHOSHAN
Partner and IRO
BEATRICE MAZZOLANI forma fund italy

BEATRICE MAZZOLANI
Partner & CEO Italy
Shira Schwartz

SHIRA SCHWARTZ
Investor Relations Manager
daniella shani forma

DANIELLA SHANI
Controller
BEATRICE MAZZOLANI forma fund italy

YONI MELAMED
Analyst
daniel zabar forma

DANIEL ZABAR
Founder and Managing Partner
david netser forma

DAVID NETSER
Founder and Managing Partner
Amir Hertz

AMIR HERTZ
Partner and CFO
Linda Benshoshan

LINDA BENSHOSHAN
Partner and IRO
BEATRICE MAZZOLANI forma fund italy

BEATRICE MAZZOLANI
Partner & CEO Italy
Shira Schwartz

SHIRA SCHWARTZ
Investor Relations Manager
daniella shani forma

DANIELLA SHANI
Controller
BEATRICE MAZZOLANI forma fund italy

YONI MELAMED
Analyst

Competitive Advantages

Forma Fund focuses on markets and strategies that enable capitalization of its competitive advantages, namely:

  • Intimate knowledge of the focus markets
  • Strong asset-management capabilities, based on vast managerial experience
  • Innovative, flexible, open-minded, out-of-the-box thinking
  • Agile, quick decision-making, enabling swift action on off-market opportunities

Competitive Advantages

Forma Fund focuses on markets and strategies that enable capitalization of its competitive advantages, namely:

  • Intimate knowledge of the focus markets
  • Strong asset-management capabilities, based on vast managerial experience
  • Innovative, flexible, open-minded, out-of-the-box thinking
  • Agile, quick decision-making, enabling swift action on off-market opportunities

Investment Approach

GEOGRAPHIC LOCATIONS


The Netherlands, northern Italy and Rome and Switzerland

ASSET TYPE


Commercial properties, mainly office and retail, in urban areas in the target countries

DEAL TYPE


Core-plus to value-added opportunities, including portfolios and single assets

DEAL SIZE


Transactions of €15-100 million that are defined by their complexity and/or compelling circumstances

PLATFORM


Fully-integrated platform with a professional team

HOLDING PERIOD


Medium term

LEVERAGE


Up to 65% on a portfolio basis

TARGETED RETURNS


12-15% IRR with cash-on-cash distributions of 7-9% per annum

Forma Funds Investment Process

Disciplined Investment Process

Forma Real Estate Funds is a full-service, integrated platform that follows a well-defined, disciplined investment process.

With an on-the-ground presence in the target markets, Forma is involved in every step of the investment process, from acquisition to asset management to disposition.

Forma optimizes performance by establishing strong relationships with tenants, brokers and financial partners.

Disciplined Investment Process

Forma Real Estate Funds is a full-service, integrated platform that follows a well-defined, disciplined investment process.

With an on-the-ground presence in the target markets, Forma is involved in every step of the investment process, from acquisition to asset management to disposition.

Forma optimizes performance by establishing strong relationships with tenants, brokers and financial partners.

Portfolio

TBWA

Acquisition Date: August 2017
Total GLA: 7,223 Sqm
Location: Generaal Vetterstraat 82
Amsterdam, The Netherlands

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CALYPSO

Acquisition Date: October 2017
Total GLA: 4,858 Sqm
Location: Kruisplein 476-488
Rotterdam, The Netherlands

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EIFFEL

Acquisition Date: January 2018
Total GLA: 5,708 Sqm
Location: Meander 1061
Arnhem, The Netherlands

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YODA

Acquisition Date: April 2018
Total GLA: 21,068 Sqm
Location: Via Fabiani 1
San Donato, Milan, Italy

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Glazen Duo & The Wing

Acquisition Date: June 2018
Total GLA: 15,696 Sqm
Location #1: Van Deventerlaan 101–121,
Utrecht, The Netherlands
Location #2: New Yorkstraat 66,
Lijnden, The Netherlands

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Forma Real Estate Fund I

Forma Fund I has raised €190 million.

The Fund's investors include leading Israeli institutions, family offices and high net-worth individuals.

The Fund focuses on commercial, income-yielding assets in the Netherlands, Italy and Switzerland, where Forma maintains an on-the-ground presence. Forma concentrates on transactions of €15-100 million.

Given the management team's intimate understanding of the focus markets, vast experience in global real estate and impressive track record, Forma's targeted returns are 12-15% IRR.

Forma Real Estate Fund I

Forma Fund I has raised €180 million.

The Fund's investors include leading Israeli institutions, family offices and high net-worth individuals.

The Fund focuses on commercial, income-yielding assets in the Netherlands, Italy and Switzerland, where Forma maintains an on-the-ground presence. Forma concentrates on transactions of €15-100 million.

Given the management team's intimate understanding of the focus markets, vast experience in global real estate and impressive track record, Forma's targeted returns are 12-15% IRR.

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