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REITS ARE HERE
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QW25081985
#21 Posted : Wednesday, December 07, 2011 8:53:22 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
josiah33 wrote:
ARE REITS COMING AT THE WRONG TIME AS SOMEONE SAYS THE PROPERTY BUBBLE IS ABOUT TO BURST?


we can short them !
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Nabwire
#22 Posted : Thursday, December 08, 2011 1:55:51 AM
Rank: Veteran


Joined: 7/22/2011
Posts: 1,325
stocksguru wrote:
Buyer be aware, there is a proposal to have 2 types of REITS that is rental and development.

The rental REITS are timely especially with the prevailing high interest rates and shrinking middle class making rental sustainable.

For the development REIT's I tell you be aware as this could be a pyramid scheme in the making. Even in the developed markets this type of REITs are only available to institutional and qualified investors and like hedge funds are unregulated.

A qualified investor in the US is someone with a net worth, not debt worth, of 1 Million Dollars or above therefore making them unsuited for offer to retail aka KBF investors like you and I.

There also needs to be a strong regulation and monitoring of the equity to debt ratios, I would propose a zero "0" percentage until such a time as our real estate markets are more mature.

To me this is a great opportunity that is presenting itself and to me a solution for those "investment groups" that have been using land purchase as a means of balancing their portfolios.

Kaa Chonjo



We have a long way to go, first off REITs does not mean flight away from the stock market. If anything it means buying property but only in the form of a stock, a REIT is in essence investing in the real estate market through the stock market. So insinuations of leaving the stock market dont make sense.
Yes there are 2 types of REITs but the BD article clearly said only the traditional ones will be sold to the public!! Anyways time will tell.
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Cde Monomotapa
#23 Posted : Thursday, December 08, 2011 7:18:01 AM
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Joined: 1/13/2011
Posts: 5,964
This ought to be the most over-valued security on the NSE.
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Cde Monomotapa
#24 Posted : Thursday, December 08, 2011 7:24:45 AM
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Joined: 1/13/2011
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Cde Monomotapa wrote:
This ought to be the most over-valued security on the NSE.

btw, what is a KBF Investor @Nabwire...
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Stealth
#25 Posted : Thursday, December 08, 2011 8:53:48 AM
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Joined: 5/3/2010
Posts: 145
Location: East Africa
@cde
KBF Investors = KuBaFu Investors.
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josiah33
#26 Posted : Thursday, December 08, 2011 9:08:05 AM
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Joined: 1/27/2011
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How does the development reit work?
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Nabwire
#27 Posted : Thursday, December 08, 2011 9:17:21 PM
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Joined: 7/22/2011
Posts: 1,325
Cde Monomotapa wrote:
This ought to be the most over-valued security on the NSE.


That was a private investment and I dont know who in their right mind would pay sh 30,000 per share but when you are the only kid on the block, you can set such ridiculous prices I guess. I have my price range, nitangoja tu smile
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Nabwire
#28 Posted : Thursday, December 08, 2011 9:19:07 PM
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Joined: 7/22/2011
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Cde Monomotapa wrote:
Cde Monomotapa wrote:
This ought to be the most over-valued security on the NSE.

btw, what is a KBF Investor @Nabwire...



smile Trick question? By the way I knew the meaning smilesikuzaliwa Somalia smile
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propertyzote
#29 Posted : Thursday, June 28, 2012 6:58:15 AM
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Joined: 8/25/2010
Posts: 283
Location: Nairobi
Since its inception in 2009 CMA has finally made a notable step. News is its has published a draft on regulations, paving way for small investors to own property through the securities exchange. http://ht.ly/bSqSZ
www.propertyzote.com the ultimate ‘one stop online shop’ of choice connecting more people with more properties at the click of a button
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Cde Monomotapa
#30 Posted : Thursday, June 28, 2012 7:14:25 AM
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Stealth wrote:
@cde
KBF Investors = KuBaFu Investors.

Laughing out loudly Laughing out loudly
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propertyzote
#31 Posted : Thursday, June 28, 2012 11:59:04 AM
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Joined: 8/25/2010
Posts: 283
Location: Nairobi
Cde Monomotapa wrote:
Stealth wrote:
@cde
KBF Investors = KuBaFu Investors.

Laughing out loudly Laughing out loudly

So that means we are all KBF's here until we attain a net worth, not debt worth, of 1 Million Dollars(Ksh82,542,300) d'oh! d'oh!
www.propertyzote.com the ultimate ‘one stop online shop’ of choice connecting more people with more properties at the click of a button
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josiah33
#32 Posted : Thursday, June 28, 2012 5:15:04 PM
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Joined: 1/27/2011
Posts: 1,777
Na hizi REITS si za akina Wanjiku. 1 Million shillings is out of reach for Wanjiku.
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maka
#33 Posted : Thursday, June 28, 2012 5:29:47 PM
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Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
In the UK tax typically isnt levied on rental or capital gains earned within a REIT provided that atleast 90% of its income is distributed to investors via dividends...To make them attractive I think this should also apply here...but as always the usual suspects will be in the moneys before an effective price finding mechanism is found...Personally I dont think its the right time to introduce this....
possunt quia posse videntur
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hisah
#34 Posted : Thursday, June 28, 2012 6:20:43 PM
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Joined: 8/4/2010
Posts: 8,977
josiah33 wrote:
Na hizi REITS si za akina Wanjiku. 1 Million shillings is out of reach for Wanjiku.

To avoid crowding. Good market this... But when the entry price is brought down to 100K so that many wanjikus can be roped in, that will be the time to sell to them as the herd rushes in...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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guru267
#35 Posted : Thursday, June 28, 2012 8:50:46 PM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
josiah33 wrote:
ARE REITS COMING AT THE WRONG TIME AS SOMEONE SAYS THE PROPERTY BUBBLE IS ABOUT TO BURST?


Are wazuans aware that Kenya has an annual housing deficit of 200,000 homes and an accumulated deficit of over 2MILLION homes..

At current capacity we couldn't meet demand for new homes even if we tried...

How can anyone logically argue that there is a bubble??
Mark 12:29
Deuteronomy 4:16
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murchr
#36 Posted : Thursday, June 28, 2012 8:59:44 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
guru267 wrote:
josiah33 wrote:
ARE REITS COMING AT THE WRONG TIME AS SOMEONE SAYS THE PROPERTY BUBBLE IS ABOUT TO BURST?


Are wazuans aware that Kenya has an annual housing deficit of 200,000 homes and an accumulated deficit of over 2MILLION homes..

At current capacity we couldn't meet demand for new homes even if we tried...

How can anyone logically argue that there is a bubble??


They live in a bubble Laughing out loudly
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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shygal
#37 Posted : Sunday, October 14, 2012 12:48:38 PM
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Joined: 12/31/2011
Posts: 90
what are the latest developments on this REITS issues. are they availble now?
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mwekez@ji
#38 Posted : Wednesday, July 03, 2013 12:24:32 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
REITS regulations have finally been gazette into law

Noted:

>The minimum subscription for D-REITs has also been pegged high at Sh5 million with the regulator assuming that those targeted are knowledgeable investors able to analyse the project and the promoters’ credibility. There is no minimum subscription for I-REITs, which are offered to the public.

>lock-in period for promoters of Real Estates Investment Trusts (REITs) shall be two years

>Promoters of investment REITs will be required to hold 20 per cent of the asset value listed at the exchange. they are allowed to reduce it to 10 per cent after 1st year and ultimately exiting after 2nd year.
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hisah
#39 Posted : Wednesday, July 03, 2013 7:41:34 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
REITS regulations have finally been gazette into law

Noted:

>The minimum subscription for D-REITs has also been pegged high at Sh5 million with the regulator assuming that those targeted are knowledgeable investors able to analyse the project and the promoters’ credibility. There is no minimum subscription for I-REITs, which are offered to the public.

>lock-in period for promoters of Real Estates Investment Trusts (REITs) shall be two years

>Promoters of investment REITs will be required to hold 20 per cent of the asset value listed at the exchange. they are allowed to reduce it to 10 per cent after 1st year and ultimately exiting after 2nd year.

Good to see D-REITS entry has been pegged from 5M and above. Wanjikus can easily lose in D-REITS.

I-REITS is a much safer bet for wanjiku though the yield is much lower than D-REITS.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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the deal
#40 Posted : Wednesday, July 03, 2013 9:42:52 AM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
This things will become less attractive if not exempted from CGT and rental tax.
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