Lagos, February 2025 – ARM Investment Managers Limited (the Fund Manager) is pleased to announce that the Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund (MREIF) has been granted a AAA rating, the highest possible rating by Agusto & Co, a leading rating agency. This prestigious rating is a testament to MREIF’s Sponsor’s support, robust risk management framework, and commitment to delivering competitive returns to its investors.
The highest possible rating from Agusto reflects the strength of MREIF’s Sponsor, the Fund Manager and the Trustee, its experienced and skilled investment team, and its rigorous investment process.
“We are thrilled to receive this prestigious rating from Agusto,” said Mrs. Kai Orga, Managing Director of ARM Investment Managers. “This recognition is a validation of the entire MREIF team’s hard work and dedication to delivering exceptional results to investors. We will continue to strive for excellence and maintain our commitment to transparency, governance, and investor satisfaction.”
The Agusto rating is a significant milestone for MREIF, as it provides investors with an independent and objective assessment of the Fund’s creditworthiness and investment quality. This rating will enhance MREIF’s reputation and credibility in the market.
About MREIF
MREIF is a closed-end real estate investment fund established as a unit trust scheme, pursuant to the Securities and Exchange Commission’s Rules and Regulations, domiciled in Nigeria and denominated in Naira. The Fund is sponsored by MOFI and managed by ARM Investment Managers.
The mandate of the Fund is to bridge the Nigerian housing deficit, by addressing both the demand and supply side challenges through the provision of low-rate mortgages to intending home buyers through Eligible Financial Institutions (“EFIs”), and offtake guarantees to developers as a credit enhancement for raising construction finance for the development of residential homes.
The Fund will provide financing to EFIs at concessionary interest rates to offer long-term, low-cost, mortgage loans to qualified home buyers, thus creating effective demand for housing supplied within the Scheme and developing the mortgage market.
