There are many investments in the real estate sector. Almost as many as there are types of investors. Knowing your profile is the first step in finding out which investment is most likely to interest you. Because everyone has a different tolerance for financial risk. And there's nothing better than being realistic when evaluating them. That's why at Reditas we like to get to know our investors. We chat with them, have a coffee, and understand their needs. We find out what they want to achieve and in what timeframe. In a word: WE LISTEN. Once we have verified that these needs are in line with our way of working, we get down to business.

To begin with, and this is something we try to make clear from the outset, at Reditas we operate in San Sebastián, and only here, offering assets that are less sensitive to market fluctuations. We know the city, its idiosyncrasies, and its unique characteristics. Regardless of how the rest of the market performs, prices here do not fall, as demand continues to exceed supply. San Sebastián is a unique city. And that is what we convey to our investors. This sometimes causes impatience. The fact is that in our city there is little supply of housing and high demand. This has been an endemic phenomenon for more than 40 years. This means that at the end of the year, very few transactions are closed. Faced with this wait, we always try to convey patience to our investors.

The investments in which Reditas participates are slow-cooked, and the search for interesting assets is the most arduous part of the entire process. And we do it discreetly. Without making a fuss. Slowly but surely. We look for the best areas and analyze those that can give our clients the best results. This work behind the scenes can take weeks or months until a window of opportunity opens. The important thing is to be there and be first in line. It is at that precise moment when all the effort makes sense and you realize that it has been worth it.

Throughout the entire process, there is one fundamental pillar that ensures investments are successful: trust. It is very difficult to achieve and so easy to lose. That is why we work with our investors with the utmost transparency, providing them with ALL the information they need about our assets so they can make the right decisions. When we say we like transparency, we mean that our investors know at ALL TIMES where their money is going, from start to finish. This approach involves making the investment process clear to them at all times. Thus, each of our projects has a detailed dossier in which we outline all the phases involved:

1. We inspect the land and are on the hunt for the best properties in San Sebastián, with the best views and in the best locations. Sometimes it takes time and we have to wait, but for us, investing in a historic property is a MUST.
2. Establishment of the investment vehicle. Explained to laymen: An investment vehicle (in this case, the property) is established, with a commitment to invest on the part of the developers (i.e., us), in order to subsequently receive capital from investors.
3. Contribution: Investors contribute capital to Reditas by subscribing to new shares.
4. Acquisition: Reditas Capital holds a call option on the asset at a price already set, meaning that the acquisition of the asset will take place immediately once the capital is available.
5. Renovation: We manage and coordinate the comprehensive renovation process of the asset, through the technical team and the trades we have been working with for years.
6. Sale: Assets are sold directly by Reditas Capital and/or through leading real estate brokers. Upon completion of the sale, investors receive a return of between 8% and 10%. This is a guaranteed annual return, net of commissions.

And best of all, this entire process takes place within a year. Before the investor knows it, they have their money back with the agreed return.

Although it may sound pretentious, nothing could be further from the truth. At Reditas Capital, we work with humility, perseverance, and a continuous effort to do things well and always achieve the best results, whether financial or strategic. And we sum all this up in a single concept: AMBITION. As experts on San Sebastian, we know exactly where we are going. We are talking about real estate assets larger than 150 square meters and a high market price. These are usually second-hand apartments that require comprehensive renovation. Once this has been done, the sale of an apartment in our field of activity usually takes very little time to complete (less than five months).

Along with transparency, trust, and ambition, at Reditas we always strive for excellence, both in the service we provide and in the results we achieve. These are the phrases that guide us on our path:

• Halfway?
• If you're going to do it halfway, don't do it at all.
• Average?
• If you're going to do it regularly, don't do it.
• Perfection?
• Yes, perfection does exist in material things.

We know we are aiming high, but it is part of our DNA. Although we could operate in other areas, we limit our activities to the so-called romantic area of San Sebastián, the city center, and the Miraconcha area. This is partly due to our commitment to our clients. On the one hand, VALUE, as we increase the value of the assets we manage, which will always have historical, strategic, and/or aesthetic importance. And, in addition, we also offer EMOTION, as we will always have unique buildings. That is our work philosophy, and we dedicate time, effort, and enthusiasm to it. We are professionals, but also traveling companions, who will help you achieve your investment goals. We look for assets that we ourselves would like to live in.

Ultimately, Reditas is still a group of people who will look after the personal and financial interests of our investors by maximizing the profitability of their operations.