ADVOKS GLOBAL · KENYA
The Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations
11. Objectives of an I-REIT
Edition: 2023-10-06 · In force
11. Objectives of an I-REIT
The objectives of an I-REIT and the powers of the trustee of an I-REIT, as specified in the trust deed, shall be limited to—(a)the acquisition, for long-term investment, of income generating eligible real estate and eligible investments including housing, commercial and other real estate;(b)marketing and sale of real estate assets;(c)retention and management of the real estate assets of the trust with the objective of earning income from the assets;(d)undertaking incidental and connected activities and activities related to the assets of the trust;(e)undertaking of such development and construction activities as may be specified under these Regulations; and(f)such other activities as are specified under these Regulations.