Real Estate Investment Trusts (REITs) Association of Kenya has organised its annual conference which begins this October 31st to November 2nd, 2023. This meeting aims to boost the growth of REITs in the region by exploring ways to build momentum for a thriving future of these investment vehicles in East Africa.
The conference plans to explore and unlock the power of real estate developers in East Africa, fostering discussions among industry experts, policymakers, investors, and real estate professionals. It will provide a platform to discuss the current state of REITs in the region, identify challenges, and highlight opportunities for growth and development.
The conference is designed for a diverse range of participants, including Real estate developers, investors, and asset managers; Financial institutions, including banks and insurance companies; Government officials and policymakers involved in real estate regulations; Legal and financial advisors specializing in real estate investment trusts as well as professionals, including brokers, appraisers, and property managers.
Apart from networking opportunities, this conference will discuss Economic and Sector Reviews and Updates/Building Momentum as well as hear from keynote Global Industry Leaders who will make presentations on REITS.
The meet will also have panel sessions, discuss the REIT Toolkit and Incubator Program, the Masterplan & Strategy as well as do Investor Education and Awareness sessions, do technical training to participants, hold pitch sessions, and have a Master Class.
This conference also expects to create increased awareness and knowledge of the potential of REITs as a tool for economic growth and development in the East African region.
Participants will discuss policy and regulatory reforms needed to promote the development of REITs, explore investment opportunities in the East African real estate market, and how REITs can be used to access these opportunities.
Most real estate developers have had to rely on banks as their primary source of funding. To address this issue, the real estate industry players created various innovative products e.g., joint venture models and structured products to raise capital.
In a bid to bridge this gap and further develop the Capital Markets, the Kenyan Capital Markets Authority (CMA) in 2013 put in place REITs regulations for developers to try and solve this problem.
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