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Study On The Mode Of The Real Estate Investment Trusts In China

Posted on:2006-08-02Degree:MasterType:Thesis
Country:ChinaCandidate:S B LiuFull Text:PDF
GTID:2156360152487146Subject:Management Science and Engineering
Abstract/Summary:PDF Full Text Request
Real Estate Investment Trusts is an investment approach characterized by collecting numerous investors' funds, which are operated by professional management company and eventually invested in real estate business. Currently in China, due to the ample capital source of bank, additionally with the lacking of the development in the capital market, the existence of the Real Estate Investment Trusts has never been requested and substantially discussed. While with the intensifying of the national macroeconomic regulation and requirement of the real estate market's development, the necessity of the establishment of Real Estate Investment Trusts has gradually come into view.Based on the property analysis of Real Estate Investment Trusts, in the case of organization mode, operation mode and distribution channel, a thorough research has been carried out which leads the conclusion: In respect of the organization mode, contractual fund should be primarily developed and followed by the setting up incorporation fund. For operation mode, rights investment, creditor's investment and intermediary investment along with the corresponding method of investment have been individually and elaborated discussed. Meanwhile, comparison between Real Estate Investment Trusts and traditional investment is presented for the sake of providing the reference for real practicing. As concerning distribution, close mode is recommended to be taken at the beginning stage. While considering the internal structural fault of the close mode, under the allowable condition, open mode maybe replace it, or we can combine the advantages of both modes and improve the close mode. In the end, a primary operating plan is presented according to the chosen close contractual Real Estate Investment Trusts and certain proposals are tabled.
Keywords/Search Tags:Real Estate Investment, Industrial Fund, Trusts
PDF Full Text Request
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