Mr Samuel Kariuki, Chief Executive Officer Mi Vida Homes. [File, Standard]
Capital Markets Authority (CMA) has licensed property developer Mi Vida Homes Ltd to be a Real Estate Investment Trusts (REITs) manager.
Mi Vida Homes joins other licensees to facilitate the development of real estate infrastructure while deepening the capital markets.
"This will support the national government agenda for affordable housing," said CMA chief executive Wycliffe Shamiah
As a REIT manager, the company will provide real estate management services concerning REITs (a vehicle used by investors, especially retail, to enable them to purchase a piece of property that could be fairly expensive if one were to do it wholly by themselves).
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