The UPDC Real Estate Investment Trust was promoted by UACN Property Development Company and is being managed by FSDH AM. FSDH AM began management of the UPDC REIT in June 2013 upon conclusion of the initial public offering .
The UPDC REIT holds premium real estate such as the Victoria Mall Plaza 1 & 2 and Abebe Courts. Others include UAC Complex Abuja and a warehouse in Aba. In addition to this, REIT also owns jointly owns the Festival Mall, located in Festac, along with other investors. The objective of the REIT is to provide investors with consistent income on their investment. The UPDC REIT is listed on the floor of The Nigerian Stock Exchange as an equity REIT and can be traded through any dealing member of The Nigerian Stock Exchange.
Investors in the REIT are able to participate in rental income and capital appreciation earned on the real estate assets of the Fund. As a result, the REITs holders enjoy the benefit of owning real estate assets, without having the commit the large capital required for such investments.