Rebosis Property Fund Ltd was established by the Billion Group in 2010 and on 17 May 2011 became the first black-managed and substantially black-held property fund to be listed on the JSE. On 24 July 2013, the Fund was approved as a Real Estate Investment Trust (REIT). The Fund’s portfolio primarily consists of early stage, regionally dominant shopping centres and large, single-tenanted commercial offices in nodes attractive to the South African government providing a sovereign underpin. JSE main board listed Rebosis Property Fund provides investors with access to a portfolio of predominantly large, defensive retail malls located in key economic nodes across South Africa. Despite its considerable size, Rebosis’ portfolio consists of properties, allowing for focused approach when it comes to cost savings initiatives, tenant optimisation and lease renewals, improving the overall quality of the Fund.