LISTED-sector interest in residential real estate has grown in the past couple of years, but only a few funds have managed to build sizeable portfolios.While demand is abundant, especially for rental accommodation, high capital costs and other barriers to entry have made it more difficult for small and medium listed funds to gain ground in the residential property market.This is despite many market commentators saying in 2015 that residential real estate would be the focus area for leading listed funds as opposed to the office and industrial sectors.Even retail developments were expected to take a back seat to housing."Indluplace Properties, SA Corporate Real Estate, Octodec Investments and, more recently, Balwin are the noted players in the residential sector. There’s no meaningful residential exposure apart from these companies," says listed property funds head at Stanlib, Keillen Ndlovu.He says some small funds are looking to list residential portfolios later in 2016, but they wi...
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