A real estate investment trust (SCPI) is an unlisted collective investment investment scheme under French law.
The object of a real estate investment trust is the acquisition and management of a professional real estate asset. The management company that manages the vehicle collects money from individuals, selects property in which to invest, manages the building stock and redistributes rents and / or tax benefits to the partners.
By 2010, SCPI returns made them particularly popular, especially when compared to the government bond rate. But all the SCPI do not serve today the same yield, it is necessary to be able to separate the wheat from the chaff.
Nevertheless, this remains a diversification solution that has undeniable assets: it is a fairly liquid investment nevertheless composed of tangible assets (offices, shops, hotels, nursing homes, etc.) and the risk is pooled over a large number of property, tenants. Finally, many subscription options exist to allow the investment to be adapted to the holder’s heritage project and this is where DMF can provide real added value.