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Pension industry executives root for a national Reit to fund affordable housing

CPF Trust Fund Financial Services CEO Hosea Kili. [Wilberforce Okwiri, Standard]

Pension administrators are lobbying for a national Real Estate Investment Trust (Reit) as the body that will key in mobilising funds in the industry for investment in affordable housing.

The national Reit will be alongside Income Reits (I-Reit) and Development Reit (D-Reit) where some of the investment companies in the country fall. The national Reit will be known as the Kenya National Real Estate Investment Trust (KNR).

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