Idealist Real Estate Investment Trust

What Idealist Real Estate Investment Trust does

İdealist Gayrimenkul Yatırım Ortaklığı A.Ş. (İdealist GYO) is a Turkish Real Estate Investment Trust (GYO) established on 28 November 2007 and listed on Borsa İstanbul under the ticker IDGYO since 1 July 2010, making it the 16th publicly listed GYO and the 10th IPO of 2010. The company is domiciled in Üsküdar, İstanbul, and operates with a small team of 1-10 employees. Its portfolio is narrow and primarily concentrated in İstanbul (Şile, Ümraniye) and İzmir (Aliağa), comprising logistics/warehouse facilities, land assets, and 12 commercial retail units within the İdealist Cadde project. The company is controlled by the Ekşi family following a December 2016 change-of-control transaction that triggered a mandatory tender offer in early 2017; İbrahim Ekşi serves as Chairman and General Manager.

Name

Idealist Real Estate Investment Trust

Legal name

İdealist Gayrimenkul Yatırım Ortaklığı A.Ş.

Website

https://idealistgyo.com

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

İdealist GYO (IDGYO) is a Turkish Real Estate Investment Trust listed on Borsa İstanbul, holding a small portfolio of logistics, commercial, and land assets in İstanbul and İzmir for retail and institutional investors seeking liquid regulated exposure to Turkish property.

Ownership category

akta.pro rank

Product category

Real Estate Investment Trust

NAICS

Other Financial Vehicles (52599), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)

akta.pro primary industry

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

Keywords

• Real estate investment trust
• Property leasing services
• Real estate portfolio management
• Commercial property development
• Logistics warehouse development

Headquarters

HQ city

Üsküdar

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Rental Income: The REIT earns rental income from its portfolio of commercial and residential properties including offices, shopping centers, warehouses, hotels, hospitals, and residential complexes.
2. Property Sales: Capital gains from buying and selling real estate assets in the portfolio, including land, residential units (villas, apartments), and commercial units.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

İdealist GYO is a publicly listed Turkish Real Estate Investment Trust (GYO) that invests in, develops, and manages a portfolio of commercial, residential, and logistics real estate assets. The company generates revenue through rental income from its leased properties and capital gains from buying and selling real estate holdings such as land, villas, apartments, warehouses, and commercial units. Its shares trade on Borsa İstanbul under ticker IDGYO, offering investors regulated, liquid access to a professionally managed diversified property portfolio.

Product overview

Idealist Gayrimenkul Yatırım Ortaklığı A.Ş. (İdealist GYO) is a Turkish Real Estate Investment Trust (GYO) established on November 28, 2007, and listed on Borsa İstanbul (IDGYO) since July 1, 2010. The company operates a focused real estate portfolio comprising logistics/warehouse facilities, commercial retail units, and residential properties. Its product/service portfolio includes: (1) Gayrimenkul Portföyü — the core real estate portfolio holding income-producing properties for rental income and capital appreciation; (2) İzmir Aliağa Lojistik Depo Yapımı — an ongoing logistics warehouse construction project in İzmir/Aliağa representing industrial real estate development; (3) İstanbul Şile Çavuş Mahallesi Arsa Satışı Karşılığı Gelir Paylaşımı — a completed land sale revenue-sharing project in Istanbul's Şile district; and (4) İdealist Cadde Ticari Üniteleri — 12 commercial retail units within the İdealist Cadde project. The company also publishes regular valuation reports, portfolio tables, and financial statements to comply with SPK (Capital Markets Board) regulations.

Differentiator

Problem solved

Functional benefit

Products and services

• Gayrimenkul Portföyü (Real Estate Portfolio) The company's core investable portfolio consisting of logistics warehouses, commercial units, and residential properties held for rental income and capital appreciation. Available to investors via IDGYO shares on Borsa İstanbul.
• İzmir Aliağa Lojistik Depo Yapımı (İzmir Aliağa Logistics Warehouse Construction) An ongoing logistics warehouse construction project located in İzmir/Aliağa, Turkey, representing the company's industrial real estate development activities and intended to add logistics property to the rental portfolio.
• İstanbul Şile Çavuş Mahallesi Arsa Satışı Karşılığı Gelir Paylaşımı (İstanbul Şile Land Revenue Sharing Project) A completed land development project in the Çavuş Mahallesi area of Şile, Istanbul, executed under a revenue-sharing arrangement with land sale proceeds, generating transactional income for the REIT.
• İdealist Cadde Ticari Üniteleri (12 Commercial Units in İdealist Cadde) 12 commercial retail units located within the İdealist Cadde project in the company's portfolio, held for rental income and capital appreciation.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Kapital Karden Bağımsız Denetim Ve YMM A.Ş.coreImplementation/ SI/ Consulting Partner · 27 February 2013Independent audit firm contracted for SPK-standard financial statement audits and company auditor duties under Turkish Commercial Code.
• Beta Gayrimenkul Değerleme A.Ş.coreImplementation/ SI/ Consulting Partner · 21 December 2012Licensed property appraisal company contracted for year-end portfolio valuation reports as required by regulatory authorities.
• Vektör Gayrimenkul Değerleme A.Ş.coreImplementation/ SI/ Consulting Partner · 17 January 2012Licensed property appraisal company contracted for portfolio property valuations as required by SPK regulations for GYOs.
• Mercek Bağımsız Denetim Ve Yeminli Mali Müşavirlik A.Ş.coreImplementation/ SI/ Consulting Partner · 21 February 2011Independent audit firm contracted to conduct annual financial statement audits in compliance with SPK standards. Served as the company's auditor for multiple years.
• Bizim Menkul Değerler A.Ş.minorChannel Partner/ Reseller/ DistributorSecurities brokerage firm contracted as MKK (Central Registry Agency) representative for share registration and dematerialization services. Bizim Menkul Değerler served as the investment bank for the company's IPO in 2010.

Scale indicators3 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• Özak GYO: Turkish GYO with a mix of hospitality, commercial, and residential assets listed on Borsa İstanbul. Comparable as a smaller, family-influenced public REIT operating under the same SPK framework.
• Vakıf GYO: SPK-regulated Turkish GYO with diversified income-producing real estate assets, listed on Borsa İstanbul. Closely comparable regulatory and investor-access framework to İdealist GYO.
• Emlak Konut GYO: Turkey's largest publicly listed real estate investment trust (GYO) on Borsa İstanbul, focused on housing and mixed-use development. Closest comparable for İdealist GYO given the identical GYO regulatory structure, public listing, and real estate investment focus.
• Torunlar GYO: SPK-regulated Turkish REIT with diversified commercial, residential, and office portfolios across Istanbul and other major cities. Directly comparable on regulatory status, portfolio composition, and listed-investor value proposition.
• Reysaş GYO: Turkish GYO with a logistics-warehouse-led portfolio, very comparable to İdealist's growing İzmir/Aliağa logistics exposure. Both are small-to-mid-cap Borsa İstanbul–listed REITs operating under SPK rules.
• Halk GYO: Bank-affiliated Turkish REIT listed on Borsa İstanbul with diversified real estate exposure. Comparable as a regulated public GYO targeting retail and institutional investors.
• İş GYO: One of the largest diversified Turkish REITs (GYO) with commercial, residential, and office assets. Same SPK regulatory regime and public listing structure as İdealist, though at materially larger scale.
• Akfen GYO: SPK-regulated Turkish REIT historically focused on hospitality and commercial assets, now restructured. Comparable on regulatory regime, public trading, and Turkish real estate investment thesis.
• Doğuş GYO: Turkish GYO with mixed commercial and residential portfolios operated under the SPK regime. Same regulatory and listing structure as İdealist, providing a directly comparable listed vehicle.

Regional players

• HEKTAŞ İnşaat: Turkish construction and real estate firm affiliated with the Ekşi family, İdealist GYO's controlling shareholders. Relevant as a comparable Turkish real estate operator and as the family's broader property platform adjacent to the listed REIT.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks3 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Idealist Real Estate Investment Trust