Aiden Kiprop 
Mr.Samuel Kariuki.Chief Executive Officer-Mi VIDA Homes He also holds certification in construction management.[Photo/CapitalNews}
Mi Vida Homes, a leading residential developer, has announced a significant bulk sale of units within its KEZA Riruta residential development to a local fund.
The strategic transaction underscores the increasing investment appeal of housing-linked instruments within Kenya’s domestic capital markets.
The undisclosed local fund has committed to acquiring a substantial portion of residential units in the second phase of the KEZA development. This agreement marks a pivotal moment for the project, with the first phase slated for handover by September 2025.
This transaction highlights the growing institutional interest in affordable housing as a viable and impactful investment asset class. It follows a similar bulk purchase agreement in 2023 involving an international private equity fund, further solidifying the sector’s attractiveness to institutional investors.
KEZA Riruta is a master-planned green affordable housing development comprising 1,100 units, strategically located off Naivasha Road in Nairobi’s Riruta area. The development offers a diverse mix of studio, one-bedroom, and two-bedroom apartments, complemented by green spaces, children’s play areas, and essential community amenities.
Its prime location provides excellent connectivity to Nairobi’s key transport and commercial hubs, making it an ideal choice for first-time homeowners, young professionals, and families.
Commenting on the transaction, Mr. Samuel Kariuki, CEO of Mi Vida Homes, stated, “This transaction serves as a strong validation of the maturing intersection between residential real estate and institutional capital in Kenya. It highlights the significant potential for structured housing investments to deliver long-term value for investors while simultaneously addressing critical social infrastructure needs.”
Mr. Kariuki further emphasized that KEZA builds upon Mi Vida’s established track record of innovative market-firsts, referencing the precedent-setting bulk purchase transaction with a global private equity investor in 2023.
“Both transactions affirm the evolving investment thesis surrounding affordable housing, offering local funds and alternative asset managers a compelling avenue to match long-duration liabilities with resilient, impact-oriented real assets,” he concluded.
