Fahari buyout leaves real estate to the rich

ICEA Lion Asset Management Chief Executive Officer Einstein Kihanda. FILE PHOTO |  NMG

Hopes of making real estate investing accessible to the wider public have taken a back seat in the wake of plans to restrict property fund ILAM Fahari I-Reit to wealthy individuals and institutions.

Until now, Nairobi Securities Exchange-listed Fahari has been the only real estate investment trust to offer retail investors a chance to participate with a capital outlay as low as Sh600.

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