Business Daily | by Victor Juma
Small investors bought units/shares in Acorn Student Accommodation Income REIT (ASA I-REIT) worth Sh6.4 million in the five months to December when there was a trial to see if there is a mass market demand for the property fund.
The fund, which buys students hostels and holds them for income, was set up to be owned primarily by institutional investors. The ASA I-REIT is not listed but its shares can be traded on the unquoted securities platform of the Nairobi Securities Exchange…
