Lack of information blamed for low real estate investment trusts uptake

An outside view of a section of USIU's student hostels. [David Gichuruj, Standard]

Players in the real estate sector have cited the lack of information on how Real Estate Investment Trusts (Reits) work as one of the reasons for the low uptake of the investment vehicle.

CPF Financial Services Chief Executive Hosea Kili said pension funds are ideal for investing in Reits, but many Kenyans are not familiar with how they work.