What are the potential risks?
INCOME RISK AND RISK OF CAPITAL LOSS
The potential income from healthcare real estate may go up or down, as well as the value of the assets. The Company does not offer any guarantee of capital protection. Investors are warned that their capital is not guaranteed and may not be returned or may only be partially returned. Investors should not invest in the Company if they are not able to bear the consequences of such a loss. Exposure to these risks may result in a decrease in the Company's NAV.
MARKET RISK
The investments made by the SCI will be subject to the risks inherent in the holding and management of Real Estate Assets. In this context, the performance and the evolution of the invested capital are exposed to the risks linked to the evolution of this asset class. A large number of factors (generally related to the economy or more specifically to the real estate market) may cause the value of the Real Estate Assets held by the SCI to fall. No assurance can therefore be given as to the performance of the Real Estate Assets held by the SCI.
LIQUIDITY RISK
The Company is unlisted and has less liquidity than financial assets. Liquidity is restricted under certain conditions related to the real estate market and the market for shares. A partner's request for withdrawal, over a short period of time, may have an unfavorable impact on the sale price of the buildings or holdings, which will have to be sold within a limited period of time, which could have an unfavorable impact on the Company's value. The risk class does not take into account early redemptions or arbitrages or purchases on credit that associates may have to make. Associates are warned that early redemption may result in additional losses and costs. Because this product does not provide market protection or a capital guarantee, an associate may lose all or part of his or her investment or may have to sell at a price that will significantly affect the amount he or she receives in return. Any decision to withdraw by an associate is exercised under the conditions defined by law and the articles of association.
RISK RELATED TO INDEBTEDNESS
The Company will use debt to finance some of its investments. Under these conditions, fluctuations in the real estate market may significantly reduce the Company's ability to repay its debt and fluctuations in the credit market may reduce its sources of financing and significantly increase the cost of such financing. The effect of leverage is to increase the Company's investment capacity, but also the risk of loss.
SUSTAINABILITY RISK
A sustainability risk is an environmental, social, or governance event or condition that, if it occurs, could have a material adverse effect, actual or potential, on the performance of the investment. Damage due to the realization of sustainability risks may result in repair costs or physical inability to occupy the premises, which would result in a loss of rent. Such damage may deteriorate the value of the asset or make its disposal more difficult or impossible.
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