Many countries already use Real Estate Investment Trusts, but Zimbabwe just started exploring this approach. These trusts help both big companies and everyday people put money into buildings that make cash. Think of them as clubs where many investors pool their money to buy apartments, offices, or shopping centers they couldn't afford alone.
Zimbabwe created special rules for these investment groups. The government watches them through the Securities and Exchange Commission based on several financial laws. Every trust needs official paperwork called a Notarial Deed that three different parties must sign together.
The first person helps create the trust and typically invests the most money. The second person manages how the trust invests its money over time. The third person keeps an eye on everything and holds important documents for everyone who buys into the trust.
You should know that REIT Managers differ from Property Managers. Property Managers handle fixing buildings, dealing with tenants, and collecting rent, while REIT Managers make bigger decisions about buying or selling entire buildings. Anyone who buys even one share becomes an official member with certain rights in these investment groups.
Zimbabwe created special rules for these investment groups. The government watches them through the Securities and Exchange Commission based on several financial laws. Every trust needs official paperwork called a Notarial Deed that three different parties must sign together.
The first person helps create the trust and typically invests the most money. The second person manages how the trust invests its money over time. The third person keeps an eye on everything and holds important documents for everyone who buys into the trust.
You should know that REIT Managers differ from Property Managers. Property Managers handle fixing buildings, dealing with tenants, and collecting rent, while REIT Managers make bigger decisions about buying or selling entire buildings. Anyone who buys even one share becomes an official member with certain rights in these investment groups.
