Student hostels developer Acorn Holdings is planning to establish a new real estate investment trust (Reit) to venture into the development of apartments for young urban professionals.
The firm, which in 2021 raised Sh2.1 billion from investors in the debut Reit that had targeted Sh7.5 billion, now says it will return to the market for another issuance as it maintains its practice of funding projects with a mix of debt and equity.
