<?xml version="1.0" encoding="US-ASCII"?>
<!-- Generated by Broadridge Transform (tm) - http://www.broadridge.com -->
<!-- Created: Wed Nov 04 18:16:46 UTC 2026 -->
<xs:schema elementFormDefault="qualified" xmlns:fnd="http://xbrl.sec.gov/fnd/2026" targetNamespace="http://www.forumrealestateincome.com/20260430" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:us-types="http://fasb.org/us-types/2026" xmlns:ck0001857314="http://www.forumrealestateincome.com/20260430" xmlns:xs="http://www.w3.org/2001/XMLSchema" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:dtr="http://www.xbrl.org/dtr/type/2024-01-31" xmlns:xbrli="http://www.xbrl.org/2003/instance">
  <xs:import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"/>
  <xs:import namespace="http://www.xbrl.org/2009/role/negated" schemaLocation="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/cef/2026" schemaLocation="https://xbrl.sec.gov/cef/2026/cef-2026.xsd"/>
  <xs:import namespace="http://xbrl.sec.gov/cef-pre/2026" schemaLocation="https://xbrl.sec.gov/cef/2026/cef-2026_pre.xsd"/>
<!-- [WMV7][j3fo97wvz1QnrxAWA2XHcRCbNOVTe+t7yFCQmtcWuuthJg79IA1nABpz61RSB0zc6E1f5w3YR22MU813TlF6cZFYM4SZjUDjGyCmfPHQpH/qvxezL39B1xt11BJstQrpKWbumgS83v9qih+QOSpi6JE8APSb9Uo1w4u79SIKcmgU5zaU6RkOXU2EvU6CD/M4figxqw3OBYdBVFXjqSF0uetKbElrLJfXT4fLdActOinIRq0z2gOT3mJPQfUCc3+TiTiXRzyOzlxgto7dhlbe95aC+4nNcqtyWvqKXdWEL5w8sndCinUzrk49w4rx1tDiV7mvoGUQ8xzXkI9wlHt1cDAsvBzqi0Nr29sV/7fhCd1iQFpPV9w=] CSR-->
  <xs:import namespace="http://www.xbrl.org/dtr/type/2024-01-31" schemaLocation="https://www.xbrl.org/dtr/type/2024-01-31/types.xsd"/>
</xs:schema>