I-REIT definition
I-REIT means Income REIT; “KRA” Means Kenya Revenue Authority; “LDK” means LDK Africa Limited; “Legal Advisor” means the legal advisor to the REIT, being Mboya Wangong’u and Waiyaki Advocates; “m²” or “sqm” means square metres; “MER” means the management expense ratio as defined in the REITs Regulations “NAV” means net asset value, being the value of all the STANLIB Fahari I-REIT’s assets after subtracting the value of all of its liabilities as determined in accordance with the consolidated financial statements of STANLIB Fahari I- REIT; “NSE” means Nairobi Securities Exchange Limited, approved as a securities exchange under the Act; “p.a.” means per annum; “Registrar” means the registrar of REIT securities in relation to STANLIB Fahari I-REIT, being CDSC Registrars Limited; “REIT” means Real Estate Investment Trust, an unincorporated common law trust that has been authorised as such by the CMA; “REIT Manager” means STANLIB Kenya; “REITs Regulations” means the Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations, 2013 as may be amended or modified from time to time; “REIT Trustee” or “Trustee” means the Co-operative Bank or Co-op Bank of Kenya Limited; “SPV” means special purpose vehicle;
I-REIT means an income real estate investment trust authorized as such by the Authority under these Regulations;