Galil Capital RE Spain SOCIMI S.A.

Galil Capital RE Spain SOCIMI S.A. ("GCRE") is a Spanish real estate investment company structured as a SOCIMI — Spain's listed real estate investment trust regime — founded by Jerry Mandel in December 2015. Its stated purpose is to invest in residential and commercial properties in Spain, with a focus primarily on Barcelona, Madrid and Valencia. GCRE is part of the Galil Capital group, whose parent entity, Galil Capital Finance Ltd., is a privately owned company founded by Jerry Mandel that provides equity capital, financial advice and strategic support to Israeli and international companies. GCRE's shares are listed on BME Growth, the Spanish growth-market segment of the Bolsa de Madrid, under the ticker YGCS. The listing gives the vehicle access to public equity capital while retaining the tax and distribution framework of the Spanish SOCIMI regime, which is broadly comparable to a REIT structure. The company's investment focus on Spain's three largest metropolitan property markets — Barcelona, Madrid and Valencia — positions it in the residential and commercial segments of those cities. Jerry Mandel, the founder, has a background in private equity real estate. Before establishing GCRE, he founded a series of private equity real estate partnerships targeting the United States: GC Residential Properties ("GC1"), GC Florida II ("GC2"), GC Florida III ("GC3"), GC Florida IV ("GC4") and GC5 Florida Storage ("GC5"), established in 2009, 2010, 2012, 2013 and 2014 respectively. Those vehicles were created to take advantage of the distressed residential real estate market in Florida during and after the financial crisis. Mandel is also the author of several books. As a SOCIMI, GCRE operates within a regulated Spanish framework that requires, among other things, listing on a regulated or multilateral trading venue and the distribution of a substantial portion of profits to shareholders. The company is therefore both an operating real estate investor and a publicly traded vehicle. Its parent, Galil Capital Finance Ltd., remains privately owned, and the group's activities span equity capital provision, financial advice and strategic support alongside the Spanish real estate platform.

Galil Capital RE Spain SOCIMI S.A. ("GCRE") was founded by Jerry Mandel in December 2015 as a Spanish real estate investment company structured under the SOCIMI regime. The vehicle was created to invest in residential and commercial properties in Spain, with a primary focus on Barcelona, Madrid and Valencia. Its parent group, Galil Capital, traces its origins to Galil Capital Finance Ltd., a privately owned company founded by Mandel that provides equity capital, financial advice and strategic support to Israeli and international companies. Mandel's real estate track record before GCRE was built in the United States. He founded a series of private equity real estate partnerships designed to capitalize on the distressed Florida residential market in the aftermath of the global financial crisis: GC Residential Properties ("GC1") in 2009, GC Florida II ("GC2") in 2010, GC Florida III ("GC3") in 2012, GC5 Florida Storage ("GC5") in 2013 and GC Florida IV ("GC4") in 2014. These partnerships gave the Galil Capital platform experience in acquiring and managing residential real estate in a recovery market. GCRE was established the following year, in December 2015, applying a similar opportunistic approach to Spain's residential and commercial property markets. Structuring as a SOCIMI allowed the company to operate within Spain's listed REIT framework, which is designed to encourage investment in real estate through favorable tax treatment in exchange for listing and profit-distribution requirements. GCRE's shares were subsequently listed on BME Growth, the growth segment of the Spanish market, under the ticker YGCS. The company's investment focus has remained on Spain's three largest metropolitan areas — Barcelona, Madrid and Valencia — where it targets residential and commercial properties. As a listed SOCIMI, GCRE combines the characteristics of an operating real estate investor with those of a publicly traded investment vehicle, and it forms the Spanish real estate arm of the broader Galil Capital group. Jerry Mandel, the founder, is also the author of several books.

• 2015

  Galil Capital RE Spain SOCIMI S.A. founded by Jerry Mandel in December 2015.

• 2014

  GC Florida IV ("GC4") founded.

• 2013

  GC5 Florida Storage ("GC5") founded.

• 2012

  GC Florida III ("GC3") founded.

• 2010

  GC Florida II ("GC2") founded.

• 2009

  GC Residential Properties ("GC1") private equity real estate partnership founded by Jerry Mandel.

• GCRE shares listed on BME Growth under ticker YGCS.

A Spanish SOCIMI focused on residential and commercial property in Barcelona, Madrid and Valencia, backed by the Galil Capital group and listed on BME Growth.

• Residential property investments in Spain

  Investment in residential real estate, primarily in Barcelona, Madrid and Valencia.

• Commercial property investments in Spain

  Investment in commercial real estate, primarily in Barcelona, Madrid and Valencia.

1. 1About Galil Capital - Galil Capitalgalilcapital.com
2. 2Galil Capital Re Spain Socimi - Wikidatawikidata.org