A Société Civile de Placement Immobilier (SCPI) is a type of investment vehicle in France that allows individuals to invest in real estate without directly owning properties. Investors purchase shares in the SCPI, which then uses the pooled funds to acquire and manage a diversified portfolio of commercial and residential properties. This structure provides a way for investors to benefit from real estate income and potential appreciation. SCPI investments are typically managed by professional firms, ensuring that properties are well-maintained and strategically selected. Investors receive regular income distributions based on the performance of the underlying properties, making SCPIs an attractive option for those seeking passive income from real estate.