The NCDF Real Estate Investment Trust (NCDF REIT) is a closed-ended real asset investment vehicle sponsored by NCDF Holdings Limited and managed by NCDF Investment Management Plc. The REIT provides structured exposure to income-generating residential, commercial, and mixed-use real estate assets across Nigeria, leveraging Public-Private Partnership (PPP) frameworks and disciplined capital deployment.
Fatherland Smart Cities Limited is a dedicated affordable housing and diaspora homeownership platform. It delivers large-scale housing developments across Nigeria through public-private partnerships, diaspora capital integration, and cooperative investment models that directly address Nigeria’s national housing deficit and diaspora homeownership demand.
NCDF REIT introduces a differentiated Convertible REIT structure, allowing eligible investors the option to convert REIT units into physical real estate assets within designated developments. This hybrid model enhances liquidity optionality while preserving institutional yield characteristics.
The REIT seeks to deliver:
The Fund is managed under NCDFInvest’s regulated asset management framework, with institutional reporting standards, independent oversight, and ESG-aligned impact monitoring.
NCDF REIT offers institutional access to Nigeria’s real estate growth through disciplined management, PPP-backed development, and measurable urban impact.
