New Delhi, Jan 9 (PTI) Strata, which facilitates fractional ownership of commercial real estate, on Friday said it has received the official license from markets regulator Sebi to launch its Small and Medium Real Estate Investment Trust (SM-REIT).

The SM-REIT will be named Strata SM REIT, which will enable retail and institutional investors to invest in high-quality commercial assets in major cities.

Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for January 9, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game.

"The company aims to initially launch up to six SM REIT schemes in 2025-26, and gradually increase it to one scheme every month," Strata said in a statement.

Strata Capital will be the Investment Manager for the SM REIT.

Also Read | Shillong Teer Results Today, January 9 2025: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

Strata was previously a tech-enabled real estate investment platform that allowed investors to own and sell fractions of pre-leased, Grade-A commercial properties like office spaces, warehouses, industrial assets, etc.

Strata has more than Rs 2,000 crore in AUM.

It has now forayed into the SM REIT space regulated by Securities and Exchange Board of India (Sebi), the statement said.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)