New Delhi, Jan 9 (PTI) Strata, which facilitates fractional ownership of commercial real estate, on Friday said it has received the official license from markets regulator Sebi to launch its Small and Medium Real Estate Investment Trust (SM-REIT).

The SM-REIT will be named Strata SM REIT, which will enable retail and institutional investors to invest in high-quality commercial assets in major cities.

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"The company aims to initially launch up to six SM REIT schemes in 2025-26, and gradually increase it to one scheme every month," Strata said in a statement.

Strata Capital will be the Investment Manager for the SM REIT.

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Strata was previously a tech-enabled real estate investment platform that allowed investors to own and sell fractions of pre-leased, Grade-A commercial properties like office spaces, warehouses, industrial assets, etc.

Strata has more than Rs 2,000 crore in AUM.

It has now forayed into the SM REIT space regulated by Securities and Exchange Board of India (Sebi), the statement said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)