Introduction
The Ugandan Collective Investment Schemes (Real Estate
Investment Trusts) Regulations, 2017 (the "REIT
Regulations") are the latest initiative by the
Capital Markets Authority (the "CMA") in
Uganda. The REIT Regulations provide a regulatory framework for
property owners to raise capital using their existing properties
and for investors to acquire a part of these properties or for
those seeking to acquire real estate and undertake development and
construction activities as a collective scheme.
We set out below the key provisions of the REIT Regulations.
What is a REIT scheme?
A real estate investment trust
("REIT") scheme is an arrangement
established for the purpose of collective investment by persons in
real estate. The persons investing contribute money or money's
worth as consideration to acquire rights or interest to gain
benefits from pooling funds and investment in real estate and earn
profits or income from the real estate.
