VBARE Iberian Properties SOCIMI, S.A.

VBARE Iberian Properties SOCIMI, S.A. (also referred to as VBA Real Estate Socimi) is a Spanish real estate investment vehicle that specialises in the acquisition and management of residential assets for lease. It operates under the special tax and regulatory framework afforded to SOCIMIs (Sociedades Anónimas Cotizadas de Inversión en el Mercado Inmobiliario), Spain's listed real estate investment company regime. The company describes itself as the largest SOCIMI specialising purely in residential properties for rent. The company's investment strategy centres on acquiring residential units — and some commercial premises — from banks, Sareb (Spain's bad bank), developers, institutional funds and family offices. It then refurbishes those assets and rents them out, with a focus on medium-rent leases. Its portfolio is concentrated mainly in the Madrid metropolitan area. According to its own disclosures, it has assembled more than 300 units (residential and commercial premises) and completed more than 200 refurbishments. VBARE presents itself as a REIT with proven experience in acquiring, refurbishing and renting residential units. It emphasises full transparency, publishing quarterly audited profit-and-loss statements and valuations of its real estate assets. Its stated goal is to access capital markets in order to raise funds to finance new investment projects. The company is listed on BME Scaleup, the Spanish stock exchange's market for scale-up companies. VBARE is managed by a team of professionals from Spain and abroad with experience in the real estate and financial sectors. The management team is responsible for day-to-day operations, including technical, financial, legal, analysis and organisational matters, and for identifying investment opportunities intended to maximise returns. The company is headquartered at Calle Serrano 45, planta 1, 28001 Madrid.

VBARE Iberian Properties SOCIMI, S.A. was established as a Spanish real estate investment vehicle operating under the SOCIMI framework, Spain's listed real estate investment company regime. The company's website carries a copyright notice dated 2016, indicating that the corporate platform was in place by that year. From its inception, VBARE pursued a strategy focused on residential assets for lease. Rather than developing new-build projects, the company concentrated on acquiring existing residential units — and some commercial premises — from banks, Sareb, developers, institutional funds and family offices, then refurbishing them and renting them out. This value-add approach allowed the company to build a portfolio of more than 300 units and to complete more than 200 refurbishments, according to its own disclosures. The company's geographic focus has been the Madrid metropolitan area, where it targets medium-rent leases. It positions itself as the largest SOCIMI specialising purely in residential properties for rent, distinguishing itself from other Spanish SOCIMIs that may hold diversified real estate portfolios including offices, retail or hotels. VBARE has emphasised transparency and access to capital markets. It publishes quarterly audited profit-and-loss statements and valuations of its real estate assets, and its stated goal is to raise funds in the capital markets to finance new investment projects. The company is listed on BME Scaleup, the Spanish stock exchange's market segment for scale-up companies, as recorded in its Wikidata entry. The company is headquartered at Calle Serrano 45, planta 1, 28001 Madrid, and is managed by a team of professionals from Spain and overseas with experience in the real estate and financial sectors. The management team handles technical, financial, legal, analysis and organisational matters, and is responsible for identifying investment opportunities intended to maximise returns.

• Copyright notice on the company website indicates the corporate platform was in place by 2016.

• Company builds a portfolio of more than 300 residential and commercial units and completes more than 200 refurbishments.

• VBARE is listed on BME Scaleup, the Spanish stock exchange's market for scale-up companies.

Largest SOCIMI specialising purely in residential properties for rent, with a focus on medium-rent leases in the Madrid metropolitan area.

• Residential rental units

  Acquired and refurbished residential units leased under medium-rent leases, mainly in the Madrid metropolitan area.

• Commercial premises

  Commercial premises included in the company's portfolio alongside residential units.

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