Standard Bank has joined the South African Multifamily Residential Rental Association (SAMRRA) as its first member from the banking sector.

“The active participation of a leading commercial bank in the sector’s leading representative body signals a shift in how capital markets view the multifamily opportunity,” says SAMRRA CEO and CEO of Transcend Residential Property Fund, Myles Kritzinger.“It’s a strong endorsement of the asset class and of the value we’re building by promoting transparency, supporting benchmarked data and fostering a community of aligned stakeholders.”

Defined by professionally operated, purpose-built rental developments, multifamily rental assets have consistently delivered high occupancy levels, stable income returns and resilience across economic cycles. Recent SAMRRA data shows that its members began the year with average occupancies above 95%, rental collections over 98% and bad debts below 1%.

“The banking sector is central to unlocking the next phase of residential growth,” Kritzinger adds. “Beyond capital, banks offer strategic reach, from financing new developments to backing sustainable innovation and affordability models.”

SAMMRA’s membership comprises institutional landlords who own and manage large-scale, multifamily rental properties of more than 75 000 units and over R40 billion in assets.