Residential property developer, Mi Vida Homes, is seeking approval from the Capital Markets Authority (CMA) to float a Development Real Estate Investment Trust (D-Reit) as it looks to raise Sh5 billion from domestic institutional investors to fund its construction pipeline of 3,500 housing units.
Reits are companies that either develop or own income-producing real estate. A D-Reit is a type of vehicle through which investors pool their capital together develop real estate projects.
