Answer:
In recent months the news about Listed Real Estate Investment Companies -
SOCIMIS-, abound in all the economic newspapers of the country, have become one of
investment instruments with the most interest in a market where the highly
named reactivation of economic growth, as well as job creation. At
The work presented below has been intended to make a small approximation to
this unique area within the framework of a new real estate market.
As an introduction to the work itself, a reflection and approach has been made
the Spanish real estate sector, which has had so much weight in the country's growth in the
recent years, analysis that will deal with the housing market both in its aspect
residential as well as for rent.
The first part of the work consists of showing the origin of this type of societies
mercantile, beyond our borders, in countries with a social and financial culture
different from that applicable in Spain. We will study the emergence of REITs, the evolution that
have followed to this day, the legal framework in which they operate, and the characteristics and
particular of the different types. All this both in his country of origin, the United States of
America as in so many others on various continents.
The central part of the theoretical work will consist of presenting the characteristics of the
SOCIMIS - Listed Stock Companies of Real Estate Investment, companies of recent
creation. Their characteristics will be analyzed in depth, comparing them with
others with similar characteristics in the market and analyzing in depth the taxation of
these and their final impact on shareholders.
Finally, the practical case of a SOCIMI will be analyzed, from before it took that name,
going through the analysis of your real estate assets, balance sheets and loss accounts and
profits, to finally land on a listed market offering investors the
participation in the company in exchange for a return.
The final part of the work will consist of the analysis in the same way as that mentioned in point
above, but with respect to other real estate assets in which it may have an interest in investing the
SOCIMI.