Sale of lame assets and residential acquisitions lift fund distributions IT SEEMS the worst is behind SA Corporate Real Estate Fund, as the group has finally managed to dispose of the assets that were holding it back.It has become an attractive buy under strong management, according to some market commentators.CEO Rory Mackey has managed to realign the diversified property group’s portfolio, and to dispose of weak assets. The group has a market capitalisation of R12.4bn, making it a sizable mid cap company in the listed property sector."After some struggles with nonperforming assets… the company has turned around. The share price has improved a lot over the past couple of years," Stanlib listed property analyst Lawrence Koikoi said on Thursday."SA Corporate has invested carefully in residential assets, and those assets have provided a strong boost to the group’s overall performance."Evan Robins, the listed property manager of Old Mutual Investment Group’s MacroSolutions boutique, sa...
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