Investicore is a property investment and asset management firm managing a portfolio valued at about R5.5 billion (US$337 million): R2.6 billion (US$162 million) in South Africa and R2.9 billion (US$175 million) in the United States. Across 75 property holding companies spanning industrial, office, retail and medical property, more than 300 long-term investors have chosen to build wealth alongside us.
Every investment is held through a dedicated property company in which Investicore holds an equity stake alongside its investors, who hold the balance of the equity. Property cashflow first settles the investor’s capital contribution. Only once investors are repaid does Investicore share in distributions. Our incentive is simple: get our investors their money back, then grow the asset together.
This structure has been tested since our portfolio’s inception in 2001. We have operated through the 2008 financial crisis, COVID-19 lockdowns, and the sharpest interest rate cycle in a generation. Bank debt that rental income pays down over time, hands-on tenant management, and disciplined acquisition criteria kept the portfolio intact through each of them. Many of our investors have been with us across multiple investment cycles, reinvesting as properties mature and new opportunities arise.
Investicore was founded by Dawie Swart, who built the original business model, deal process and first relationships, and today leads the business in the United States. Many of the people who helped build it in the early years are still with us more than a decade later.
We don’t manage other people’s money from a distance. We hold a stake in every property we manage, run each one directly, and only share in distributions once our investors’ capital is repaid. That alignment is the foundation everything else is built on, and it is how we intend to protect and grow wealth across generations.
