The Old Mutual Residential Impact Fund provides institutional investors with efficient access to a commercially viable housing investment strategy, underpinned by a diversified portfolio of established and yielding rental and student housing assets.

The fund focuses on Affordable and Middle-Income market segments and invests across debt, equity and wholly owned structures. Its objective is to deliver competitive risk-adjusted returns to its investors, while improving access to quality accommodation, facilitating home ownership and making a contribution to employment, transformation and sustainability. The fund is built on 2 decades of housing investment experience.

The fund aims to improve the supply of quality rental and student housing with access to amenities, transport and economic opportunities.

Its impact objectives include:

• Improving access to Affordable and Middle-Income accommodation
• Supporting access to purpose-built student housing
• Facilitating home ownership
• Contributing to employment, transformation and sustainability

The fund launched in July 2026 with R2.7 billion of investments into R4.8 billion of underlying properties, including 6,300 rental units and 7,800 student beds, 90% of which in the Affordable Market.

The portfolio is actively curated and positioned for growth, with a substantial pipeline of investments into quality assets and scalable housing platforms. The fund is targeting a portfolio of R8 billion in the medium term.

The portfolio includes assets across Gauteng, the Western Cape, the Eastern Cape, the North West and KwaZulu-Natal, with a focus on high demand and undersupplied locations.