| Management
on behalf of third parties
- REIT based on occupied dwellings, specifically under the
provisions of the Act of 1948. The law of 1948 gives exorbitant
rights to tenants, guaranteeing what is often a merely symbolic
rent. Occupants rarely leave their homes before they die.
Investing in this kind of property may appear very similar
to an annuity scheme. The creation of a fund spreads the risk
and smoothes income from the sale of emptied properties over
time. The other benefit is tax related. The rental yield is
symbolic and performance comes mainly in the form of a capital
gain upon departure. As a result, these investments are of
particular interest to high income tax payers. They are also
suitable for people who already own rental assets. By purchasing
shares in Pierre 48 on credit, they can create a property
loss deductible from other rental assets.
- Capitalisation on 31/12/07 : €226 M
- Average actuarial return rate of 12.73% per year |