Multifamily residential hits SA property investor market

You can also listen to this podcast on iono.fm here.

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Welcome to the latest edition of The Property Pod, South Africa’s premier property investor podcast.

Our guest on this week’s episode is Myles Kritzinger, CEO of the newly established South African Multifamily Residential Rental Association, or Samrra for short.

The multifamily housing or multifamily residential market is a buzzing sub-sector in the property market globally, and Kritzinger tells us more about this, as well as the new association he heads.

Highlights of his interview appear below. You can also listen to the full podcast above or download it from iono, Spotify or Apple Podcasts.

The Apollo office-to-residential conversion development in Sunninghill, Johannesburg, undertaken by multifamily property sector investors Africrest Properties. Image: Supplied

Highlights

What exactly is Samrra? Why was it established and is it part, perhaps, of other umbrella organisations in the property sector?

“Samrra is actually an independent association. It was established towards the latter half of last year where a few large [residential property] landlords came together and said that they wanted better representation across the multifamily residential rental asset class in South Africa. So the purpose of the association is to better or to further institutionalise the multifamily [class] in South Africa.”

“I suppose what that means to some extent is educate both the broader market and specifically the investor market as to what multifamily actually offers, specifically in the South African context.”

“What’s probably important to do is to just unpack exactly what ‘multifamily’ means. It is commonly an internationally used term and I suppose where we’ve adopted it is to try and align [it] with international terminology, specifically to terminology that’s used in the US and

The original article can be found here

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