Real Estate Funds Administration Services
In compliance with the Ministry of Investment's Decree (#167) issued in July 2014, Servfund offers the following administrative services bouquet for Real Estate Funds
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Keeping all documents related to the fund assets specifically the following:
-Real Estate assets and lands ownership contracts
-Fund asset management contracts
-Administrative licenses and permits needed to launch projects carried out by the fund
-Loans and mortgages contracts related the fund assets and all contracts related to the fund activities
-Investment committee decisions of the fund manager
-Daily Valuation Report
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We carry out a periodical valuation each 3 months at least based on a report made by two real estate assets valuation experts working independently in order to:
-Identify market status
-Identifying a guiding price for the sale of ICs
-Selling assets based on the valuation report
-Identifying projects progress, real cost, and the market value of the assets during the project period.