Akfen Gayrimenkul Yatirim Ortakligi A.S. is a Turkey-based real estate investment trust engaged in the development, investment, ownership, and portfolio management of hospitality, commercial, educational, and residential real estate assets. Founded in 1997 as Aksel Turizm Yatirimlari ve Isletmecilik A.S. and restructured into a real estate investment trust in 2006, the company is headquartered in Istanbul, Turkey, and operates as a core subsidiary of Akfen Holding. The company's diversified asset portfolio comprises: Contemporary City Hotels, consisting of nineteen properties developed and leased under long-term agreements with Accor Group under the Novotel and ibis brands across metropolitan centers in Turkey (including Istanbul, Ankara, Izmir, Bursa, Adana, Eskişehir, Gaziantep, Kayseri, and Trabzon) and the Russian Federation (including Moscow, Yaroslavl, Samara, and Kaliningrad); Luxury Resort Hospitality, featuring upscale resort properties including the Bodrum Loft holiday village in Mugla; Student Accommodation, comprising modern student dormitory complexes located in Isparta and Kutahya; Commercial and Transit-Oriented Real Estate, encompassing commercial office assets and integrated food, beverage, and retail hubs; and Luxury Residential and International Real Estate, including high-end residential villa developments and international multi-family and senior living communities. In recent strategic developments, the company broadened its commercial revenue base by launching Terminal Kadikoy, an extensive transit-oriented retail and cultural center at the Sogutlucesme railway hub in Istanbul developed through its wholly-owned subsidiary Firatcan Insaat, which opened in May 2025; progressed construction on the Yalikavak Loft luxury villa project in Bodrum scheduled for delivery in early 2026; expanded its geographic presence into the United States market through indirect equity ownership in Florida residential and senior housing projects, including EO at Fountains and EA at Fountains; advanced capacity and facility expansion plans for the Bodrum Loft resort; and maintained active capital management through corporate share repurchase programs on Borsa Istanbul.