부동산펀드 활성화 방안에 관한 연구 : 새로운 수익펀드 모델을 중심으로

부동산펀드 활성화를 위한 새로운 수익펀드 모델을 연구했다.

In this study, a new investment model for Improvement of real estate fund for research. Korea after the IMF financial crisis in the real estate market cooled rapidly as the investment has brought about new change. Direct investment in real estate for investors to feel the limitations in indirect investment in a small way became interested. 'Capital market law and law on financial investment services' in february 2009 performed as a set-to-real estate funds raised by the new concept was the focus of interest.

Real estate funds invest in two or more invited to the money collected from investors and the general maintenance and operating instructions without getting to the asset acquisition, disposition, management and other ways to distribute and as a result, the investors that belong to, real estate and was able to be invested in marketing. Real estate funds, tax benefits, and possible a small investment, high return to investors in the country was the subject of much attention and investment. Real estate development project financing in real estate funds in difficult market conditions in the financial liquidity has been recognized as another aspect.

However, short term investments, the existences of restrictions on real estate funds and private equity funds and on taking advantage of large-scale, sensitive to external influence, it has shortcoming were not activated. Crisis in the real estate market has led to another change. Downturn in real estate funds have made their own profitability is uncertain. Diminished rate of return real estate fund to ask for economies of scale, but was still uncertain about the rate of return.

This study of the transition process and the type of real estate funds were provided, the domestic real estate fund for the scale of the operation status, the transitional period, private equity and public offerings by investment funds and loan funds to lease divided analyzed. In addition to the influence of external fluctuations that yield real estate fund for each case were investigated by the target. Stagnant real estate fund market demands the need for new revenue models, and this new product revenue model was presented.

Profit hospitals provide a model as a special profitable investment structure and profitable investment structure and profitability analysis, proved its value as a product. Profit hospitals and external factors that impact on real estate fund, and redemption against the risk of investment product have shown that stable. However, operating profit hospitals invest in real estate funds to date no cases of limited empirical analysis of earning has limitations. This paper presents a model of commercial real estate fund, hospital product and real estate funds are expected to contribute to the expansion area.

Future athletic and cultural facilities, medical facilities, hotel facilities, such as silver medical products through the development of various real estate funds, real estate market will look forward to be enabled.