CMA wants restricted Reits set at Sh10,000 apiece

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Investors during the Stanlib Fahari I-Reit briefing at the Nairobi Serena Hotel. FILE PHOTO | DIANA NGILA | NMG

The Capital Markets Authority (CMA) has proposed to lower the minimum investment amount that professional investors can put in restricted real estate investment trusts (REITs) from Sh5 million per person to Sh10,000, in a bid to spur interest in the investments vehicle.

The lower threshold makes part of proposals by the markets regulator to raise the role of REITs in contributing to the government’s affordable housing agenda.

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