不動産投資會社(REITs)의 改善 및 活性化 方案

부동산투자회사 제도의 개선 및 활성화 방안을 연구했다.

The situation of the domestic real estate market has a lot of change comparing with the beginning of the discussion on the introduction to the REITS system. The crisis for foreign exchange make the open market interest rate raised up to more than 20%, but now the real interest rate is decreased at minus level so that the person who makes a living with the interest income is in a difficult situation, While the introduction to the REITS system is discussed, the companies and investors ready for the REITS system expected the high earning rate because of the longing and the excessive expectation for the myth of real estate prices before nineties.

As they grasp the information about the REITS system and the situation of money market in these days, they tend to change their aims at steady earning of reasonable level. And the company investors who had interest with the general REITs for the benefit free of tax turns their interest at the restructural REITs. Any partial efforts can not make a successful settlement of REITs system.

The companies who prepared the REITs should make use of with a quiet attitude and the responsibility, and the personal investors should understand the character of REITs exactly and invest their money and also the government needs to supply various institutional and politic aids to settle the REITs system as well. Therefore, treatise that see settles REITs system at early time and there is the purpose to grope activation way. Use way of REITs system and system and improvement way for croaker fixing and activation of REITS system are as following.

First, because REITs activation is urgent to rescue introduction meaning of REITs system, must give corporate tax exemption benefit such as CR-REITs about REITs and secure return on investment of schedule. Second, must construct trust for real estate investment trust through reinforcement of investor canister that solidify latency security through information public notification, construction of suitable control structure and watch and superintendence. Third, specialization of real estate operation for greatest anger of REITs value must consist by link construction of REITs connection infor and development businessman etc.

with other investments in real estates means that can back creation and this of stable profit through special real estate opreation ability improvement. Forth, must mitigate activation restriction regulation by repletion of public notification and so on about financial integrity with superintendence of debt ratio about public trust upgrade of estimation and real estate investment trust do real estate surrounding through application of profit reductionism about investment in kind prohibition regulation and borrowing restrictive regulations etc. that restrict activation of REITs system.

As examine in strangeness, must try activery in government, connection institution, related business circles so that can become fast corporate restructuring and investment opportunity extension about investing public and transparent economy use etc. inflecting well REIT's