1, equity reits: This type refers to investors who directly purchase real estate funds, and then pay them to investors in the form of dividends after earning income from house rent and buying and selling houses;
2. Mortgage reits: this kind of interest is obtained by providing loan funds to real estate developers, and then the interest is paid to investors when the mortgage loan generates interest;
3. Mixed reits: This type is a combination of the above two investment methods, which not only charges the house rent, but also charges the difference between the house purchase and sale; You can also make loans to earn interest.
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1.reits Fund is a fund dedicated to investing in real estate. Its original idea was to satisfy the people's idea of crowdfunding to buy a house and be a landlord together. Reits is a kind of real estate investment trust fund, which collects the funds of a specific majority of investors by issuing income certificates, is managed by a special investment institution, and distributes the comprehensive investment income to investors in proportion. Different from domestic pure private trust products, REITs in the international sense are equivalent to funds in nature, and a few are private placements, but most of them are public offerings. REITs can operate in a closed mode or be listed and traded, similar to open-end funds and closed-end funds in China.
2. Judging from the strategic placement announced by the first batch of public offering REITs, the proportion of institutional investors participating in the strategic placement is very high, and the average strategic placement ratio of 9 public offering REITs is 60%. Even the strategic placement ratio of Huaan Zhangjiang REITs is relatively low, with a strategic placement ratio of 55.33%. It is reported that the full-day subscription scale of water REIT initiated by Guo Fu is expected to reach 6 billion yuan. According to this data, the placement ratio is less than 1.5%, setting a new record for the placement ratio in Public Offering of Fund. Of course, such hot REITs have also been favored by the banking department. As a large fund institution, six banks participated in the first batch of REITs, among which China Merchants Bank sold seven publicly offered REITs.
3. The purpose of REITs is to transform commercial real estate with weak liquidity into securities assets with strong liquidity, and the main income sources of REITs are cash flow generated by real estate: rent and future asset appreciation. However, real estate investment trusts are not limited to investing in real estate. The first public offering of REITs in China focused on infrastructure, covering four major areas: toll roads, industrial parks, garbage and sewage treatment and warehousing and logistics.