SOCIMIs (Sociedades Anónimas Cotizadas de Inversión Inmobiliaria) look almost exactly like the entity known internationally as the REIT (Real Estate Investment Trust), a type of financial investment born in the USA during the 1960s. The regulations in Spain for the SOCIMI were approved in the year 2009. Years later this type of entity moved to Europe as a way to channel real estate investments through listed companies. The objective of the SOCIMI is the purchase, promotion, and rehabilitation of urban assets (offices, flats, commercial premises, shopping centers, logistics centers, etc.)promotion and, either for rent or as a means of participation in the capital of another SOCIMI.
This type of real estate corporation has a special tax regime. They are specifically focused on obtaining a return through the rental of properties. A good thing about them is that in addition to buying and selling properties, investors get to rehabilitate the properties, and even dedicate themselves to managing their property. The key of SOCIMIS is that they must be listed on the stock market. In addition to reporting great benefits, this feature implies a great amount of transparency.
TRLIS: the 8-property law