Mi Vida Homes, a leading residential developer, has finalized a bulk sale agreement involving a portion of units at its KEZA Riruta development with a local investment fund. The fund will acquire a significant number of residential units in Phase Two of the project—an endorsement of the growing appetite for housing-linked investments in Kenya’s domestic capital markets.
This milestone follows a similar bulk transaction in 2023 with an international private equity fund, reinforcing KEZA’s positioning as a strategic and attractive investment opportunity. The first phase of the development is scheduled for handover by September 2025.
KEZA Riruta is a master-planned, green-rated residential project offering 1,100 affordable housing units. Located off Naivasha Road in the Riruta area of Nairobi, the project features a diverse mix of studio, one-bedroom, and two-bedroom apartments. Residents enjoy access to landscaped green spaces, children’s play areas, and other community-focused amenities.
Its location provides excellent connectivity to Nairobi’s key commercial and transport hubs—making it a prime choice for first-time homeowners, young professionals, and families.
Speaking on the transaction, Mi Vida Homes Chief Executive Officer, Mr. Samuel Kariuki, stated: “This transaction is a strong validation of the maturing intersection between residential real estate and institutional capital in Kenya. It highlights the potential for structured housing investments to deliver long-term value for investors while addressing critical social infrastructure needs.”
He further emphasized: “KEZA builds on Mi Vida’s proven track record of innovative market-firsts, following a precedent-setting bulk purchase transaction with a global private equity investor concluded in 2023. Both transactions affirm the evolving investment thesis around affordable housing, offering local funds and alternative asset managers a compelling avenue to match long-duration liabilities with resilient, impact-oriented real assets.”
