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The Model And Evaluation Of The Risks Involved In REITS

Posted on:2007-03-22Degree:MasterType:Thesis
Country:ChinaCandidate:L LiFull Text:PDF
GTID:2179360182480335Subject:Structural engineering
Abstract/Summary:PDF Full Text Request
Real estate is a typical capital-intensive industries. Real estate enterprises in a real estate development projects require substantial capital investment, and only rely on its own funds to complete the real estate developers real estate development projects. Rational use of financing instruments is an effective means to complete real estate projects. At the same time, the merits of the real estate financing, financing costs will directly affect the size of a close relationship to the size and effectiveness of risk good or bad. Therefore, the use of reasonable financing channels, the real estate enterprises is needed to be addressed as a matter of urgency. At present a large number of enterprises to adopt the real estate financing in the form of its own funds received in advance real estate + or + purchase, a bank loan patterns and the use of stocks and bonds and other forms of trust to obtain external financing is limited, will lead to the traditional financing model, a large part of the risk is concentrated in bank credit. As national macroeconomic adjustment, the State of the real estate credit to the progressive introduction of restrictive clauses. Real estate financing channels have become diversified inevitable. And the real estate trust as an important component of pluralism inevitably involved in every aspect Scholars think a large part : "Use of real estate investment trusts, real estate development financing for substantial funding to address the real estate development financing. Development of real estate investment trusts business can attract civil public funds to the Trust Fund as a real estate property of the major financing channel, promote the development of China's real estate finance, changing the current single rely on bank loans financing models, reducing financial risks. "This evaluation is reasonable? What is the investment trust of real estate? How has it developed abroad? What characteristics are they? What's the development model in our country? And how much risk is there under the current model? And which questions are there about the evaluating system?This text will stand in the context of real estate investment trusts, real estate investment trust from foreign history of the development and patterns, the more thecurrent status of the development of China's real estate trust, from the perspective of risk assessment real estate investment trust.
Keywords/Search Tags:Trust, REITS, REITS development model, risk assessment, KMV
PDF Full Text Request
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