The Guardian reports that Lagos State Commissioner for Housing, Gbolahan Wasiu Lawal, will officially declare open the Real Estate Investment Trust (REITs) seminar scheduled for August 17, 2017 in Lagos.
Management of Quant Capital Limited said in a statement that the seminar holds subsequently in Abuja, Port Harcourt and Kaduna. It General Manager, Ken Chiazor, noted that the seminar was designed to provide professionals with an understanding of the real estate industry’s unique drivers and challenges.
“The seminar will also equip participants with the knowledge of how to build advanced REITs valuation model using actual current case study. Participants with little or no knowledge of REITs will also be able to gain an understanding of their nature, relevance and key features. Participants will also enjoy two years post-seminar support,” he said.
Managing Director of Quant Capital, Wale Gomez, said, “It is significant that the Commissioner will be declaring the seminar open; it further confirms that we have a forward thinking government in place; a government that knows that robust and enduring investment window that REITs provides, as well as the potential growth that REITs can birth in an economy.”REITs, modeled after mutual funds, provide investors with regular income streams, diversification and long-term capital appreciation.
REITs are a form of collective investment scheme regulated by the Securities and Exchange Commission (SEC), which pools capital from investors and uses same in the acquisition of income generating real estate, mortgage loans, or a combination of both.
While so many other countries have keyed into REITs and have significantly tapped into it for real estate development, REITs in Nigeria is still at its infancy stage despite its huge potential.
The seminar parades resource persons from within and outside the country. They include Managing Partners of S.I.A.O Partners, Ituah Ighodalo, former Deputy Governor of the Central Bank of Nigeria (CBN), Tunde Lemo and a United States based Real Estate Investment Trust design and operational models expert, James Duncan.
Others are President of the Commonwealth Association of Surveying and Land Economy, Joe Ajalekoko, former company Secretary and Head of Legal, Union Homes Savings & Loan, Daniel Aderemi, a United Kingdom based Legal Practitioner, Anthony Igbiniyesu and Group Managing Director / CEO Quant Capital, Wale Gomez.
Quant Capital is a private Equity firm that specialises in investment services to meet the needs of individuals, corporate organisations and governments through Financial Services, Consulting/Advisory and Capital Projects/Infrastructure funding.
Source: The Guardian