Change of name, but not of the roadmap. The Socimi Inversa Prime, formerly known as Almagro Capital, has a different business model from the other listed real estate investment vehicles specializing in the residential segment. Inversa Prime buys homes from people aged over 65 years old and offers them a rental agreement for life. The contract specifies that, once the resident exceeds the stipulated life expectancy, they no longer pay any rent.
In 2021, the listed company experienced significant growth, adding 172 homes to its portfolio, which contained 69 properties at the end of 2020.
Read the full article in Spanish.
