Student hostel developer Acorn Holdings is seeking to raise a total of Sh2.8 billion in new capital for its development and investment real estate investment trusts (Reits) before the end of February 2025 to fund the construction and acquisition of new properties.
The capital raise combining an open market offer and rights issue opened at the end of April, targeting Sh1.9 billion for the Acorn Student Accommodation I-Reit and Sh810 million for the D-Reit.
