The The Dimension and Dynamics of Property Law Practice in The Realm of Real Estate Investment Trusts (Reits) in Nigeria

Abstract

Commercial property law and the Real estate market are majorly shaped by overall Nigerian economic activity, which determines demand for real estate. Similarly, with land and labour, real estate is a factor of production in our economy, and the efficient use of the same can have a significant and robust impact on business output. The real estate industry is a highly capital-intensive business that can be harnessed by practitioners who use the collective capital of investors to purchase and manage income-yielding property and mortgage loans in the form of real estate investment trusts (REITs). By navigation through systematic research and extensive reliance on statutes in concert with authoritative materials, we assert that the dimension of REITs has a place as it creates super dynamics relevant to the practice of property law in Nigeria. The authors aim to explore and analyse the benefits of REITs in Nigeria's cutting-edge property law practice. Further, this article discusses, from an investor perspective and the dynamics of heterogeneity of the economy, that the infusion of REITs in the framework of property law practice in Nigeria is imperative to further heighten the all-important area of practice into wholesome capital investment and economic growth.