건설금융조달을 위한 개발형 리츠에 관한 연구

리츠 시대의 부동산 투자 전략과 리츠 제도의 영향을 연구했다.

It is from the end of 1980's that a discussion about introduction of investment in real estate company (reits) originated from our country. Introduction of a floating subject duty consisted of a means for it solved a periodic sharp rise problem, and efficiency to do a real estate market of a real estate price at that time. Necessity of introduction of an investment in real estate company system was stated with a means for restructuring IMF really later. Investment in real estate company law was enforced on 1st in July, and a temporary shed of the full-scale real estate indirect investment times opened at last in 2001.

Enlarged with an investment in real estate opportunity a large amount of unlike having been able to approach a large amount of investment in real estate minority shareholders small sum investors existing through introduction of an investment in real estate company was given. Raising gets efficiency of a real estate market done, and stabilization of a dwelling life is possible, and an advanced painter of a real estate evaluation technique is possible by introduction of an advanced financial technique It was owned real estate business all the competitiveness elevation.

This investment in real estate company law (reits) which it goes along, and a rice field did is floating on one plan for future construction financial supply. It is just introduction of development-type reits There is a number to improve a real estate development financial structural problem if it introduces development-type reits Correspondence is possible in a change of real estate development structure and a demand change recently, Please provide an investment means of various investment in real estate rulers and work. Too, in the meantime, it can let you secure transparency of an opaque real estate development business.

It embraced an introduction room of this development-type reits The first must let you extend a span of a law application object business. The second must induce in order establishment requirements let you receive approval of Ministry of Construction and Transportation minister in case of regular company which qualified in order to prevent indiscreet company establishment along revised plan execution in case of development-type investment in real estate company, and to be able to operate sound assets.

The third, business range and assets operation define by the range that a development-type investment in real estate company did in case of own management older brother at business range and the same day of the existing investment in real estate company law, Assets management company (AMC) takes charge of real management of a real estate development business, and a funds management section must do in order it installs a settlement management account in a funds management company, and to operate.

As for between the fourth, continuation banners and the childbirth, according to the investment in real estate company law, a prohibition is holding disposal after real estate acquisition within a given period. Because only the 1000th business accomplishment period is a star according to contents of a business in case of development-type investment in real estate company, selected thing is unfavorable uniformly. If a development-type investment in real estate company obeys a commission management punishment as requirements of assets management company (AMC) progress and mentioned the fifth, planning, management, operation business must do commission operation to assets management company.

The sixth, borrowing of fund are use of temporary working capital in investment in real estate company law, but borrowing except an unavoidable matter is not permitted when it acquires real estate. However, it is desirable that ratio of ReBeoReoJi is determined and permits borrowing and decide and must permit range of scale in 3-4 of own capital. Until now, as for this paper, a discussion held a plan to introduce development-type Reits. Because it is obvious that there is at an initial step in case of our country, there is a future assignment in a removal of trial and error and will do.

Therefore, it is considered because study of a technique supplementing solution of all kinds of problems that the occurrence is possible according to system enforcement must too consistently consist.