ABOUT SASAII
SASAII has raised capital commitments of R1,265 billion ($68,3 million) from various investors to build a portfolio of PBSA assets in South Africa with an exit strategy of listing a PBSA-focussed REIT in 3 to 5 years or execute a trade sale. Depending on the progress of deployment and projected pipeline, SASAII will raise additional funds to raise the equity to R2 billion.
Investments will be made through Special Purpose Vehicles (SPVs), which will hold the assets and raise additional development capital from banks (debt) or via joint ventures with third parties under undivided property interest arrangements.
Eris, in addition to its role as Investment Manager, will be responsible for the development of the Greenfield PBSA assets and their day-to-day property management.
THE BUSINESS MODEL
- To provide serviced, safe, secure, and affordable PBSA
- Located close to universities or Technical Vocational Education and Training (TVET) Colleges
- Targeting the National Student Financial Aid Scheme (NSFAS) market
INVESTMENT STRATEGY
SASAII aims to raise R2.0bn (US$134m) of commitments in 2021 to build a strong portfolio of PBSA assets in South Africa with an exit strategy of listing a PBSA-focused REIT in 5 to 7 years or a trade sale.
Investments will be made through Special Purpose Vehicles (SPVs), which will hold the assets and raise additional
development capital from banks (debt) or via joint ventures with third parties under undivided property interest arrangements.
Eris, in addition to its role as Investment Manager, will be responsible for the development of the Greenfield PBSA assets and their day-to-day property management.
INVESTORS
+27 (0)11 775 1000
info@sasaii.com
invest@sasaii.com
Note: SASAII is not a “Fund”
(a) Legal form: a company registered in South Africa (b) Management: externally managed but by an institutional manager (Eris), not dependent on a management team; (c.) Fee Structure: fee structure is different from a that of PE funds (including no carry, which makes the arrangement less costly and better aligned); (d) IPO: Pursues a listing and an IPO.