With more than 200 homes in its portfolio, Inversa Prime
Inversa Prime, formerly known as Almagro Capital, is advancing at cruising speed. The Socimi specialized in housing for the elderly allocated 42 million euros to its growth in 2021 and plans to invest more than 200 million additional in the next two years, thus meeting the objective of reaching 250 million investment in the three-year period 2021-2023 .
At the moment, the investment executed and committed in earnest money so far this year is 20.2 million, 62% more than in the same period of the previous year.
The company, which was born in 2017 and was listed on BME Growth two years later, already has more than 200 assets in its portfolio and an accumulated investment of 88 million. The largest shareholder of Inversa Prime is Ibervalles, Socimi of the Isidro family, with a 22.2% stake, followed by Onchena and Aligrupo, of the Alcaraz family, both with 5.5%, Preventiva de Seguros (5%) and Mutual Society of Lawyers (3.5%).
Inversa’s model goes through buying homes for the elderly at a discount on the market price and formalizing a life lease whose duration is estimated according to the life expectancy of the tenants. In addition to the initial disbursement, part of the amount is retained and paid progressively in the form of rent.
If the tenant leaves his house or dies before the amount withheld is distributed, he or his heirs will receive this amount. This formula -point from the company- fits with the need of a large part of the elderly population to complete their pensions and that they have their home as their only savings.
Inversa Prime has a market capitalization of more than 100 million euros. After the last capital increase of 50 million euros in July 2021, it exceeded 1,200 shareholders, a figure more than six times higher than that existing in December 2020, and the average daily trading volume exceeded 57,500 euros per day, reaching a liquidity ratio of 97%, according to the company.