NSARE is the real estate arm of NSFA. Its mandate is to source, structure and finance real estate transactions to the benefit of all stakeholders. It focuses on affordable housing developments given the great need in South Africa and on the African continent. The team works together with prospective housing developers to ensure that the project in question is properly structured to the satisfaction of funders and guarantors, thereby closing the gap between funders and developers. NSARE’s focus on affordable housing projects is in line with its impact investing strategy with the aim of meeting social and environmental impact to improve the quality of lives of communities whilst making a good financial return for investors. A lot of energy is invested in the structuring, financing, implementing and monitoring of the following types of housing developments:

• Breaking New Ground housing (fully subsidized)
• Rental Stock (with or without government subsidies)
• Bonded houses (with or without government subsidies)
• Social Housing rental stock.
• Student accommodation