Earning from student housing
Some affordable accommodation funds may list soon
The possibility of more specialised property funds listing on the JSE is increasing. Fund managers are seeking opportunities in a market that is overshopped with retail assets and suffering from slow demand from corporates for new offices. While SA’s listed property sector has grown tremendously in the past five to 10 years, it is still dominated by a few funds, which are invested in a mixture of retail, office and industrial assets. Recently, residential-focused property companies have come to market or announced plans to do so. These include companies that own student housing and affordable housing. In the US, where the real estate investment trust (Reit) dispensation has been in force for decades, specialised funds are far more common than they are in SA, where the dispensation is just a few years old. One can find listed hospitality, health-care, telecom tower, storage and retirement asset funds, to name a few. Various offshore investors, especially those from the US, have said ...
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