An Income Real Estate Investment Trusts (I-REIT) is a form of collective investment that is allowing Kenyans to invest in real estate without having to build or directly buy a property. I-REITs in Kenya are regulated by the Capital Markets Authority and use the concept of collective investing.
According to the NSE, A REIT is a regulated collective investment vehicle that enables persons to contribute money’s worth as consideration for the acquisition of rights or interests in a trust that is divided into units with the intention of earning profits or income from real estate as beneficiaries of the trust.
There are three main types of REITs and they include:
Development Real Estate Investment Trusts (D-REITs):
A D-REIT is a type of REIT in which investors pool their capital together for purposes of acquiring real estate with a view to undertaking development and construction projects and associated activities.
Income Real Estate Investment Trust (I-REITs):
An I-REIT is a type of REIT in which the investors pool their capital for purposes of acquiring long term income generating real estate including housing, commercial and other real estate.
Islamic Real Estate Investment Trusts:
