Emlak Konut REIT’s Damla Kent Project: A Record-Breaking Public Offering

In a remarkable display of investor confidence, Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş. (Emlak Konut REIT) has successfully concluded its public offering for the Damla Kent project, amassing an impressive 21.4 billion TRY. This outcome underscores the robust demand for real estate investment opportunities in Turkey, particularly within the diversified REIT sector.

The offering, conducted from August 4 to August 8, 2025, utilized a fixed-price demand collection method, setting the price per certificate at 7.59 TRY. Initially, 1.923.481.773 certificates were made available to the public. However, the overwhelming demand led to an additional 897.111.722 certificates being offered, culminating in a total of 2.820.593.495 certificates sold.

The demand for these certificates was extraordinary, reaching approximately 3.595.903.893 certificates, or 1.87 times the initial offering amount. Notably, no single investor acquired more than 5% of the total certificates offered, highlighting the widespread interest across a diverse investor base.

This successful public offering not only reflects the strong market appetite for real estate investments but also positions Emlak Konut REIT as a key player in the Turkish real estate market. The Damla Kent project, a collaboration with TOKİ, is set to enhance the urban landscape of Başakşehir, further solidifying Emlak Konut’s reputation for delivering high-quality real estate projects.

Certificates from the Damla Kent project will commence trading on Borsa İstanbul on August 14, 2025, under the ticker symbol “DMLKT.” Investors have two primary investment models to choose from: acquiring a property through the “Asli Edim” (Primary Acquisition) option or opting for the “Tali Edim” (Secondary Acquisition) option, which allows investors to earn cash returns without purchasing a property.

As Emlak Konut REIT navigates the post-offering landscape, the focus will likely shift towards the development and completion of the Damla Kent project. With a solid foundation of investor support and a clear path forward, Emlak Konut is well-positioned to capitalize on the growing demand for diversified real estate investment opportunities in Turkey.

This event marks a significant milestone for Emlak Konut REIT and the broader real estate sector, signaling a continued interest in innovative investment models and the potential for further growth in the Turkish real estate market.