First REIT in the Offing

The Securities and Exchange Organization has announced an agreement in principle to launch a Real Estate Investment Trust (REIT) fund, the SEO deputy for supervisory affairs said. 
Alireza Nasser-Pour said the REIT would be the first of its kind in Iran’s capital market to help fund housing projects.  
“The fund will seek to diversify financing instruments and increase the share of housing in the investment portfolios,” Nasser-Pour was quoted as saying by the SEO’s News Agency.