Tera Portfolio Management Inc. Opportunity to Participate in Real Estate Project Income with First Project GYF Investment opportunity in housing starting from 100 thousand liras from Tera

15.04.2026 15:36

Tera Portfolio, Turkey's leading portfolio management company, is bringing its performance and experience in securities funds to the real estate sector. Tera Portfolio Management Inc. First Project Real Estate Investment Fund (TN1) offers qualified investors the opportunity to participate in real estate project income with a minimum participation share of 100 thousand liras.

Emre Tezmen, Chairman of the Board of Tera Holding, stated, "Our group's first project real estate investment fund, TN1, will facilitate investors' access to investments in the real estate sector. The first project of TN1 will be Sancak Dora. The fund will be a sustainable fund by implementing new projects within its portfolio."

Tera, one of Turkey's innovative and pioneering groups in the financial sector, is implementing a new model that facilitates access to real estate investments. Tera Portfolio, a company of the Tera Group, has offered the first project real estate investment fund, Tera Portfolio Management Inc. First Project Real Estate Investment Fund (TN1), to qualified investors with a minimum participation amount of 100 thousand Turkish Lira. TN1 appeals to all qualified institutional and individual investors. Compared to other Project REITs, the fund, with its lower participation amount, will have a more flexible purchasing approach, appeal to more investors, and have a structure that invests not only in a single project but also in other projects.

The first project of Tera Portfolio Management Inc. First Project REIT will be the Sancak Dora Project, located in Sancaktepe, Istanbul's rising value. The Sancak Dora Project is a project consisting of 218 independent units on a plot of approximately 7,000 square meters, backed by Tera's guarantee.

Emre Tezmen, Chairman of the Board of Tera Holding, said, "As the Tera Group, we aim to develop and offer new investment instruments to individual investors. In line with this goal, we are launching our first project REIT. Tera Portfolio Management Inc. First Project REIT will have many differences from other REITs. Specifically, we will create a sustainable fund by incorporating new projects into TN1."

FEATURES THAT MAKE TN1 STAND OUT

The Capital Markets Board (CMB) paved the way for the establishment of project real estate investment funds with the communiqué it published in July 2024, making a new strategic move to increase housing production. With the new regulation, funds can invest directly in project development activities, and to date, 42 project real estate investment funds have been offered to qualified investors.

We rank first among portfolio management companies outside of deposit bank groups with a total portfolio size exceeding 250 billion Turkish Lira. There are many features that distinguish Tera Portfolio's first project real estate investment fund from other funds in the category. Emre Tezmen said the following about the TN1 fund: "Other REITs are generally open for purchase and sale at certain periods. Our fund, TN1, will be open for purchase every day. Other REITs generally have high participation amounts and limited investors. We kept the participation amount low. Qualified investors with 100 thousand lira can directly purchase the fund. Therefore, the number of investors will be high."

INVESTORS BECOME PARTNERS IN THE ENTIRE PROCESS

Emre Tezmen, who said, "As Tera, we are offering our investors a new investment alternative by transferring our performance and experience in our investment funds to the real estate side," described the process as follows: "As Tera, we manage the process professionally from start to finish. That is, the fund owns the project. Without taking on any operational burden, the investor becomes both an investor and a partner in a real estate project. The investor shares in the profits of the entire process, from land acquisition to project sales. They earn both project development profit and housing sales revenue."

Stating that the total size of the Sancak Dora project will be approximately 3 billion lira, Tezmen said they aim to start construction with the necessary official permits and complete the project in a short period of 18 months. Tezmen said, "We will continuously add new projects to this fund. We are currently in talks with companies and landowners across Turkey. They want to develop their projects and lands with Tera."

HOW WILL PURCHASE AND SALE OCCUR?

The lower limit of the minimum participation amount in Tera Portfolio Management Inc. First Project Real Estate Investment Fund was kept low. When qualified investors with 100 thousand TL give a purchase order, the transaction will take place the next day. For investors exiting the fund before 2 years, a 17.5% withholding tax is applied within the scope of legal regulations, and an early exit commission of 20% is set. If the fund is held for 2 years, the withholding tax is reset to zero.

CONTINUOUS INVESTOR ACCEPTANCE WILL BE MADE INTO THE FUND

Ethem Umut Beytorun, Vice Chairman of the Board and General Manager of Tera Portfolio Management, who provided information about the valuation process of Tera Portfolio Management Inc. First Project Real Estate Investment Fund (TN1), said that those who stay in the fund for a long time will have an advantage. Beytorun added: "TN1 will not close for sales like other funds; there will be continuous entry opportunity. The participation share amount in the fund will be 100 thousand lira. Each month, a project progress report will be prepared, and the fund's share price will be updated. Starting from the third year, profit distributions will also be made to participants. According to regulations, withholding tax drops to zero for those staying in the fund for more than two years. There is also a commission for those exiting early. Long-term thinking investors will come out ahead."

'THE INVESTOR WILL BE THE WINNER'

Fecri Koça, Chairman of the Board of FCR GYO, one of TN1's investors, said, "In Turkey, until now, the winning side in real estate has generally been the landowner and the contractor. However, this fund, established with Mr. Emre Tezmen's idea, brings a different perspective to this understanding. A new call is made to this structure where the landowner and contractor profit, and from now on, this profit is also opened to the investor."

Ramazan Işık, General Manager of Peker GYO, also said: "Sancak Dora is a project we are involved in as Peker GYO and absolutely believe in. We correctly evaluated this location in Sancaktepe, one of Istanbul's rapidly developing regions, long ago. We saw the project's potential. I also find the fund model presented by Mr. Emre, which is pioneering in the sector, particularly valuable. We are involved in this model both as a project partner and as a believer. Real estate has always been a profitable investment tool in Turkey. We believe this structure will open it up to a much wider audience."

PROJECT REITS CONTRIBUTE TO HOUSING SUPPLY

Real estate investment funds (REITs) provide investors with the opportunity to invest in real estate with low amounts. With REITs, whose foundation was laid by the CMB's special communiqué in 2014, investors can invest in real estate such as housing, hotels, or commercial properties.

While traditional real estate investment funds only include completed real estate in their portfolios, project REIFs contribute to closing the housing gap in the country by investing in projects that are not yet developed or are in the development stage. According to CMB regulations, the fund must invest 80% of the resources it collects in real estate by the end of the calendar year. Within the framework of current legislation and regulatory systems, Project REIFs have become safe investment structures while serving as an effective "seed money" feature in financing real estate projects.