To sell shares in a real estate investment company (SCPI) held directly (excluding life insurance), you must contact the management company.
For an SCPI with variable capital, it is generally sufficient to send proof of identity and a bank identity statement for reimbursement.
The resale price of the units will correspond to the withdrawal price – the current subscription price, less the subscription commission. It is the same for all partners and is determined by the management company.
You can request the resale of your shares at any time, but the process can take from a few days to a few months, depending on the market context, because withdrawals are compensated by the collection. If the SCPI is in the collection phase, the shares will be resold quickly, often the month following your request. If the SCPI does not collect enough, you will be in a queue, waiting for it to collect or sell a property. This can take several months for the least attractive SCPIs.
It’s up to you to determine the price
For a SCPI with fixed capital, the scheme is more complex, it is not the management company which ensures the sale. It will be necessary to go through an order book, which lists purchase and sale orders. Generally, the confrontation takes place once a month.
It’s up to you to determine the price. The notebook history will give you an overview of recent exchanges. It is the law of supply and demand : if you want to sell quickly, you will opt for an attractive price. If you are not in a hurry, you can set a higher price.
In order to avoid being blocked in the event of a sale, it is wise to invest in a portfolio of several SCPIs. If one is illiquid [dont on ne peut pas se retirer à tout instant] at the time of sale, the others may not be.