Our properties in co-ownership

Residential
CHF 1,625,000
Residential
CHF 25,000
Lucens, vd
Residential
Funded
Bex, vd
Residential
Funded
Grenchen, so
Residential
Funded
Roche, vd
Residential
Funded
Ardon, vs
Residential
Funded
Etziken, so
Residential
Funded
Thurnen, be
Residential
Funded
Cornaux, ne
Residential
Funded
Belmont-Broye, fr
Residential
Funded
Ursy, fr
Residential
Funded
Lucens, vd
Residential
Funded
Lully, fr
Residential
Funded
Lucens, vd
Residential
Funded
Ursy, fr
Residential
Funded
Broc, fr
Residential
Funded
Vully-les-Lacs, vd
Residential
Funded
Payerne, vd
Funded
Montreux, vd
Residential
Funded
Valbroye, vd
Residential
Funded
Moudon, vd
Residential
Funded
Lausanne, vd
Residential
Funded
Moudon, vd
Residential
Funded
Bernex, ge
Residential
Funded
Fribourg, fr
Residential
Funded
Avenches, vd
Residential
Funded
Lausanne, vd
Residential
Funded
Concise, vd
Residential
Funded

Learn how co-ownership works

FAQs

What are the documents required to complete an investment?

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Each investor expressing an interest in an offer receives the investment file including:

  • The investment brochure,
  • The brokerage and management mandate,
  • The co-ownership agreement,
  • The mortgage contract,
  • The deed of sale.

And must fill, sign and return the following documents:

  • The subscription form,
  • The power of attorney form in two copies,
  • The accreditation with the mortgage provider (information on the investor and the origin of the funds),
  • The document for the notary.

These documents are required by the mortgage provider and the notary.

Can I live in one of the apartments of the co-ownership?

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No, crowdinvesting does not give access to the individual use of the property, unlike the PPE condominium. Co-owners invest in order to collect returns and not for the purpose of living on the property.

Can I visit the property before proceeding with my investment?

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No, for obvious logistical reasons we usually do not organize private tours of the buildings before buying them. However, you have access to the photos as well as the technical and structural details of the property, summarized in the prospectus of each investment proposal.

What are the differences between crowdinvesting in co-ownership and PPE condominium?

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PPE condominium usually consists in the purchase of an apartment. It gives the owner the right to use this apartment either to live in it or to rent it (and generate returns). A crowdinvestment in co-ownership consists in the purchase of a part of a building; each co-owner holds a fraction of the entire building. The goal is to earn a return and not to live in it. As a real estate investment, crowdinvesting in co-ownership has the following advantages over PPE condominium:

  • The required investment is lower In Switzerland, to buy an apartment of 80 m2 it takes on average an equity contribution of CHF 150,000. Whereas the minimum amount of a crowdinvestment with Foxstone is CHF 25,000.
  • The rental risk is lower In the case of a purchase of an individual apartment for the purpose of renting it, the owner bears the entire rental risk. While owning a part of a building composed of several apartments (as in the case of crowdinvesting) dilutes the rental risk in the case of the departure of a tenant.
  • The interests of the co-owners are aligned In the case of a PPE condominium, some co-owners occupy the apartments and others rent them to generate a return. During the votes of the assemblee of co-owners, this situation may lead to divergent interests as to the expenses to be incurred in the common areas. In the case of crowdinvesting, all co-owners share the same goal: to generate a return, which facilitates the decision-making.
  • The property management is taken in charge by real estate professionals In the case of a crowdinvestment in co-ownership, the management of the building is delegated to a property manager which is responsible for the collection of the rents and the maintenance of the building. Foxstone acts as the administrator of the co-ownership and takes the strategic decisions for the enhancement of the building. The co-owners can participate in the major decisions regarding the management of the building at the annual general assembly held digitally.

What happens to the renovation fund when I sell my shares?

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The renovation fund consisting solely of cash, is owned by the co-owners. Therefore, the share of each investor in the renovation fund is calculated pro rata of his or her share of co-ownership. In the event of a sale of a share of co-ownership, the shares of the renovation fund belonging to the out-going co-owner increases the selling price.

What is the renovation fund (or guarantee account)?

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In order to guarantee the maintenance and renovations of the building, which will be necessary in the coming years, the co-ownership agreement requires the administrator to set up a capex reserve (guarantee account) on behalf of the co-owners community. The percentage of revenue collected for this account is determined in advance based on the condition of the property and the recommendations in the inventory of fixtures. This percentage is defined by the administrator at the general assemblee for the following year. This fund is solicited in case renovations are needed and for the payment of the bank if the rents no longer cover the payment of the interests. Thus, the co-owners are all the more protected from a possible subsequent call for funds. When selling their shares of co-ownership, investors collect the balance of this account in proportion to their participation.

What kind of revenue can I expect from a co-ownership investment?

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Co-owners receive quarterly the net cash flow from the property. It results from the rental income from which operating expenses, investment expenses for the improvement of the property and mortgage-related expenses are deducted. Below is an example of an annual account:

Rental income
Operating expenses (Water, electricity, maintenance costs, insurance, property management fees)
Mortgage interest Rate fixed for 7 years with a banking partner
Property tax Varies according to the canton
Rental vacancy protection Safety margin if an apartment stays empty for several weeks
Foxstone’s management fee (0.05% to 0.25% of the property price) Monitoring of the management, quarterly reports and proposition of a strategy for the building
Net income
Provision for renovation fund(or guarantee account) Provision to perform the works
Amortization Since the credit is relatively low, banks do not require an amortization
Distributed income

At the time of sale of the property or when the investors sell their shares, they shall receive their invested capital in return plus any capital gain resulting for the appreciation of the property. Each investment carries a risk which can strongly impact the yield. Foxstone advises every investor to read the Risk Factors document, which summarizes some of these risks, and to consult a financial expert and a tax advisor for each investment. No guarantee whatsoever is given as for the reimbursement of the capital and the payment of dividends.

Which official title certifies my investment in co-ownership?

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Once the acquisition of the building is concluded, the name of each investor is entered in the cantonal land register as a co-owner. The entry in the land register guarantees ownership through the existence of a real rights.

What would happen to my co-ownership shares if Foxstone came to disappear?

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Co-ownership implies that the names of the co-owners are entered in the land register. This title guarantees the co-owner investor real rights on the building. Therefore the investors have no dependency on Foxstone which is only the administrator of the co-ownership. In the event that Foxstone comes to disappear, this would have no consequence on the co-ownership. The administration of the co-ownership would then be delegated to another company.

What is co-ownership?

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Co-ownership refers to the direct acquisition of fractional ownership of a property with the entry of the acquirer’s name in the land registry as a co-owner. The properties proposed for acquisition are existing and rented yielding buildings. The co-owners of the property receive quarterly their net rental income, in proportion to their number of shares, and realize a potential capital gain at the sale of the property. Co-owners can put their shares on sale at any time on the Foxstone platform.

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