Bank Shahr launched a real estate investment fund
With a capital of at least 5 thousand and a maximum of 7 thousand billion tomans
According to the monetary financial news, quoting the public relations of Bank Shahr, Seyed Mohammad Mehdi Ahmadi, CEO of Bank Shahr, announced the launch of the bank’s real estate investment fund with a capital of at least 5 thousand and a maximum of 7 thousand billion Tomans and said: In recent months, based on the approval of the Bank Shahr Real Estate Fund in principle and obtaining a license from the Central Bank and the Stock Exchange and Securities Organization, the activities of this influential group will begin soon.
He added: “Using the capacity of capital market institutions and tools to optimally transfer bank assets, create economic added value and realize proper accounting profits are the benefits of establishing Bank Shahr Real Estate Fund, which will increase the revenue sources and productivity of this financial institution.” became.
Dr. Ahmadi, stating that real estate funds, in addition to good returns, are associated with low risk, continued: The sources of income of these funds are realized through rental mechanisms and rate increases.
The CEO of Bank Shahr said: the issue of observing Articles 16 and 17 of the Law on Elimination of Barriers to Competitive Production to upgrade the country’s financial system and also the transfer of surplus property of Bank Shahr is one of the most important achievements of launching this fund.
The report adds that real estate investment funds are business units that buy, create and manage a portfolio of income-based real estate assets for profit, and the profits from the investment portfolio are among the holders. Fund units are distributed. The establishment of such funds in developed countries has been associated with many benefits. Bank Shahr is also one of the leading banks that has taken the lead in implementing this successful model.