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4,000 retail investors retain Fahari Reit funds
ILAM Fahari Reit was listed on the NSE unquoted securities platform on July 10,2024 at Sh11 and continues to trade around the same mark according to the entity’s manager.
Over 4,000 retail investors have retained their investments in property fund, ILAM Fahari Real Estate Investment Trust (Reit) despite a restructuring process that sought to edge out the non-professional investors.
The individual investors have been bundled into a nominee account, allowing the Reit manager—ICEA Lion Asset Management Limited to abide by the rules of restricted real estate trusts.
