Transcend is a specialised residential property fund that is listed on the AltX Board of the JSE. Residential REITs are defensive by nature, less correlated to macro-economic factors than other asset classes and an important component of developed REIT markets internationally. Transcend plans to act as a pioneer in the residential asset space in South Africa, which currently comprises less than 3% of the total listed property sector. As quality residential rental housing becomes established as an attractive asset class in South Africa, Transcend will continue to provide investors an opportunity to gain exposure to residential REITs, through growing our portfolio and improving performance of assets over time. Transcend’s portfolio is managed by IHS Asset Management (Pty) Limited, a wholly owned subsidiary of IHS and leverages off IHS ’extensive experience in the residential rental markets.