Peter Drivas Legal Framework of Real Estate Peter Drivas Over the years, real estate has evolved into a sector where more and more people can enter to participate in order to make investments.
Its beginning dates back to the mid-20th century in the United States where REITs (Real Estate Investment Trust) empower small investors to participate in large-scale real estate operations and boost a sector full of opportunities.
Peter Drivas Los Angeles -With the aim of achieving investments through the purchase of real estate assets to subsequently generate income through rental.
Today, the number of REIT companies in the world is abundant and in Spain the appearance of these companies has been facilitated, given that they bring important benefits to the country’s economy.
Peter Drivas Real Estate refer to REITs as SOCIMIS, that is, as Public Limited Investment Companies in the Real Estate Market.