Beltone Asset Management, a subsidiary of Beltone Holding and Amtaar Capital have announced their partnership on a multi issuance real estate investment fund, which is currently under establishment, with total targeted issuances of EGP 2 billion. The fundโs first issuance is expected to range between EGP 500 million and EGP 700 million. Under the structure, Beltone Asset Management will establish and manage the fund and oversee asset selection in line with its investment strategy, while Amtaar Capital will provide the digital platform through which investors can access the investment opportunity for the fundโs first issuance.
The fund will enable investors to invest in real estate fund units through Amtaar Capitalโs digital platform, providing an opportunity to invest in income generating properties without the need to purchase or directly own an entire property. Investors will be able to participate in the fund starting from EGP 1,000. Investors may benefit from rental income generated by the underlying real estate assets, alongside potential capital appreciation, subject to the fundโs investment strategy, performance, and applicable terms and conditions.
Khaled Darwish, CEO of Beltone Asset Management, said: โReal estate investment is an important component of many investorsโ portfolios, but direct ownership typically requires significant capital and can lead to concentration in a single asset. Our partnership with Amtaar provides a different route to professionally managed real estate investment, combining Beltone Asset Managementโs investment management expertise with Amtaarโs digital access.โ
Amr Afifi, Co-Founder and CEO of Amtaar Capital, added: โOur partnership with Beltone Asset Management brings together Amtaarโs digital real estate ecosystem and Beltone Asset Managementโs investment management expertise to make real estate investment more accessible to a broader range of investors, while offering a simpler digital experience.โ
The partnership reflects the increasing role of digital platforms in broadening access to alternative investment opportunities, bringing together investment management expertise and a digital real estate ecosystem to provide a more accessible route to real estate investment.
