不动产投资

它们开始采用一些稀奇古怪的企业组织形式，例如有限责任有限合伙企业（lllp），上市合伙企业（ptp）和不动产投资信托（reit）等。

They have adopted exotic forms of corporate organisation , such as limited liability limited partnerships ( lllps ) , publicly traded partnerships ( PTPs ) and real estate investment trusts ( REITs ) .

不动产投资信托是依照商业信托原理设计出的投资工具。

Real Estate Investment Trusts ( REITs ) is an investment tool designed based on commercial trust principle .

在初步阶段，先采用不动产投资信托方式来试行证券化，随着环境的成熟，到最终的阶段，则可以通过SPV来实现住宅抵押贷款证券化。

It is proper to adopt real estate invest trust way in SPV at first .

第一部分不动产投资基金的历史形成及其发展。

The evolvement and historical development of the real estate investment fund .

第二部分不动产投资基金的制度功能。

Part ⅱ . The system function of the real estate investment fund .

保罗靠不动产投资赚了钱。

Paul cashed in on his real-estate investments .

中国不动产投资信托基金运行机制研究

Study on REITs Development Mechanism in China

不动产投资开发中房地产售价预测方法分析

The Forecast Methods Anslysis of the Housing Price in the Real Estate Investment and Exploitation

美国和欧洲不动产投资信托的现代发展及展望

Current Development and Future Expectation of Euro-REITs

首先，中国的房地产信托产品与不动产投资的性质，不同的产品。

First , China 's real estate trust products and REITS in the nature of different products .

不动产投资信托公司

Real Estate Investment trust

结果显示，除了美国之外的国家加入不动产投资信讬的确可以使投资者的投资效益显著提升。

Our results indicate that REITs of our cases do enlarge investment opportunity sets significantly except for the U.S.REITs .

而平均变异检定法则是用以检测投资者是否能透过加入不动产投资信讬于原有的投资组合来改善其投资机会。

Mean-variance spanning test is used to examine whether investors could improve their investment opportunities through adding REIT portfolios to benchmark portfolios .

不过，基金经理们相信，对那些热衷于在欧美以外进行不动产投资的人来说，仍存在诱人的投资机会。

Nonetheless , fund managers believe there are still attractive opportunities for those keen to invest in property outside the US and Europe .

中国台湾引进了美国的不动产投资信托和日本的资产流动化型不动产证券化（即不动产资产信托），建立了台湾自己的不动产证券化制度。

Chinese Taiwan introduces American real estate investment trust and Japanese real estate asset trust and construct their own real estate securitization system .

纳税人用不动产投资、入股、共担投资风险的有不缴纳营业税的权利。

Tax payers have the right not to pay business tax when they invest , buy shares and jointly hear the investment risk with immovable property .

与其他投资手段相比，不动产投资信托具有流动性强、稳定性好、收益水平高、风险分散等优点。

Compared with other investment approaches , REITs possesses of advantages such as strong liquidity , good stability , high level of benefits , and diversified risks , etc.

违反国家规定从事信托投资和证券经营业务、向非自用不动产投资或者向非银行金融机构和企业投资的；

Engaging in trust & investment or securities dealing business , investing to non-self-use realty or non-bank financial institutions and enterprises in violation of state provisions ; or .

接着从公司型和契约型投资基金的组织结构及有关投资者保护的特殊设计三方面具体阐述了基金当事人的性质及其权义关系。第四部分不动产投资基金的信托法理分析。

The thesis then expounds the parties and their jural relations existing in contractive investment funds , company founds and special design for the protection of the relating investors . The first part is the trust property and the trust property independence .

在财务管理方面注重开源节流，减少不动产的投资，注重服务品质的提升，采取可行的方式进行筹资。

In financial management , they should increase income and decrease expenditure by reducing investment on real estate and raising funds through practical ways .

在某些领域，特别是不动产领域，投资水平仍然过高。

There were still some excessively high levels of investment especially fixed asset investments .

自从全球次贷危机以来，这些过度使用杠杆的西方银行和基金已经停止了其不动产方面的投资，亚洲的投资者冲进来填补了空白。

These overleveraged Western banks and funds have reined in their proprietary investments since the global credit crunch & and Asian investors have rushed to fill the void .

此时，我们的管道并不拥有不动产，没有投资和存款帐户，也没有很多物质层面的财产，他们将在继承故去家庭之物之前提升。

At this time , our channels do not own property , do not have investments , do not have a savings account , nor do they have many physical plane possessions , and will ascend before they inherit from their deceased family .

郁金香财务研究（tulipfinancialresearch）的报告称，金融市场的动荡促使英国1%最富有的人群转向质量投资，抛售商业不动产以及基金和投资信托等投资。

The report by Tulip financial research said the turmoil in financial markets had prompted a flight to quality by the wealthiest 1 per cent , who had sold commercial property assets and investments such as unit and investment trusts .

中国内部到处充斥着在实物资本、基础设施和不动产方面的过量投资。

China is rife with overinvestment in physical capital , infrastructure and property .

这可以通过银行帐户，股票，公债，不动产和其他的投资来完成。

This can be done through bank accounts , stocks , bonds , real estate , and other investment avenues .

第二部分对不动产抵押证券的投资市场与需求状况进行了较为详细的探讨。

In the second part , investment market and the demand condition of the real estate mortgage negotiable securities have carried on a more detailed discussion .

除此之外，引进不动产证券化制度有利于形成投资结构的多元化，实现资本的大众化，分散不动产投资风险，建立更加规范化的不动产投资市场。

Besides , this system can be helpful to form investment construction diversification , accomplish capital popularization and disperse risks of real estate investment and build up a more standard market .

前者是不动产信托的最早形态，后来随着信托的广泛应用，发展出不动产投资信托，而不动产资产信托本身也出现了新的变化。

The former is the original type of real estate trust , from which thelatter form is evolved during the wide application of trust , while trust of real estate assetitself has new variations .

商品房售价预测是不动产开发企业对拟开发区的可行性分析及前景预测报告的重要组成部分，是不动产企业投资决策的重要文件之一。

The forecast of the business housing price is an important part of the feasibility analysis and the foreground prediction report to the real estate enterprises . Meanwhile , it is also one of the most important documents of investment as decision-making .