THE STANDARD By
Wainaina Wambu |
January 14th 2021 at 10:10:23 GMT +0300
Asset managers have welcomed the establishment of more real estate investments trusts (Reits) to deepen the housing sector.
Reits are regulated property funds where investors pool cash and are able to earn profits from the incomes generated from the real estate investments.
ICEA Lion Asset Management Chief Executive Einstein Kihanda said that one of the biggest challenges faced by the Reits was their limited presence.
The company last year took over the management of Kenya’s only listed property fund, the Stanlib Fahari I-Reit, after acquiring the property fund’s former administrator, Stanlib Kenya.