The establishment of the country’s first real estate fund – Tejaratnews

According to Tejarat News, after the approval in principle of the real estate investment fund (REIT) by the Securities and Exchange Organization, the first fund with the mentioned issue was registered with the Companies Registration Department this week.

According to the Young Journalists Club, the country’s first real estate fund has been established on an office property with a useful area of ​​about 900 square meters and a lifespan of about 14 years on Molla Sadrai Street in Tehran.

Davoud Hamzeh, CEO of the National Pension Fund Value Management Group, said: Real estate fund (REIT) is actually a type of micro-investment in real estate by people, in such a way that people can instead of buying a whole property unit, whether residential , commercial or administrative to buy a small part of a property with their small investments.

He said: One of the differences between this type of investment and the land and building fund is that REIT funds are established on the property that is being built and in operation, and investors, in addition to benefiting from the opportunity to increase the price of the property, can also receive rent.

Hamzah continued: According to what is stated in the prospectus of the real estate fund “Housing Value Management” as the country’s first real estate fund, the rent will be paid quarterly, which will be deposited into the account of the owners of the investment units after deducting the current expenses. .

There is no minimum investment limit for the buyers of these funds, and people can invest in these funds in the amount of several million tomans, but in the initial offering of the country’s first REIT, the usual restrictions on initial offering subscriptions will probably be applied by the stock exchange organization.

He went on to emphasize that this fund was established as a tradable fund (ETF) and will be traded. Administration will also be provided, which will be one of the new and significant features, and an attractive tool for investors.

The CEO of the National Pension Fund Value Management Group Company said: Due to the very worthy cooperation of the Securities and Exchange Organization, we hope that within the next two weeks, the subscription of this fund will be done in the OTC and a new chapter will be opened to introduce another attractive investment option in the capital market. .