I-Real Estate Investment Through REITs

IiNzuzo zePropati yobunini ngaphandle kweNkunkuma

Ngaphambi kokuba kuqalwe ukuguqulwa kwamashishini, ubutyebi namandla kulandelwa ngokukodwa ngokwemali yomhlaba ngumntu okanye kwintsapho. Nangona ikhulu lemashumi amabini yabona ukunyuka kwe-securitization kunye nokwanda kwe- stock and bond bond, utyalo-mali lwamaxabiso angabonakalisa ukhetho olunenzuzo kulabo ababandakanyeka ngokukodwa kwinkqubo yokwabiwa kweempahla okanye bafuna ukujongana neendlela ezahlukahlukeneyo.

Iingxowa-mali zokuthengisa imali, okanye i-REITs, ingaba yindlela elula yokutyalo-mali-mali ukuba athathe inzuzo ngaphandle kokuphazamiseka kokuthengwa kwempahla ngqo. Yingakho sifaka le ngcaciso epheleleyo kwiNkcazo yethu yokuQala kwiNdawo yokuTyala kweMpahla .

Ngaphambi kowe-1960, abantu ababutyebi kuphela kunye neenkampani babenemithombo yemali eyimfuneko yokutyalomali kwiiprojekthi ezinokuthengwa kwezindlu ezinjengeendawo zokuthengisa, iipaki kunye neendawo zokunakekelwa kwempilo. Ekuphenduleni, iCongress yadlulisela uMthetho we-Trust Real Investment Act ka-1960. Umthetho wawukhulula ezi nkampani ezikhethekileyo zerhafu yengeniso xa kuqhotyoshelwe umlinganiselo othile. Kwakuthemba ukuba ukukhuthazwa kwezezimali kuza kubangela ukuba abatyali-mali baxhamle iimithombo zabo ndawonye ukuze benze amaqumrhu anexabiso elixabisekileyo lexabiso, ukubonelela ngamathuba afanayo kuMerika oqhelekileyo njengoko ayekho kwi-elite. Iminyaka emithathu kamva, i-REIT yokuqala yenziwa.

Umthetho woqobo wawuneengxaki ezingundoqo, nangona kunjalo, kuba kwakufuneka abaphathi abaphethe i-shishini ukuba baqeshe abantu besithathu ukubonelela ngeenkonzo zokulawula kunye neenkonzo zokuqeshisa impahla. Ezi zithintelo zaphakanyiswa kuMthetho wokuThuthwa kweRhafu ka-1986. Emva kweminyaka elishumi elinesithathu, ngowama-1999, uMthetho woMongameli woLungiso luye lwadlulelwa.

Umthetho uvumela ii-REIT ukuba zibe neenkxaso-mali ezihlawulwayo ukwenzela ukubonelela ngeenkonzo ezizodwa kubaqeshi abaqhelekileyo bangena ngaphandle kwe-investment real estate. Nangona umgaqo-mthetho usenokuba nemida ethile kwiintlobo zeenkonzo ezinokunikwa, kulindeleke ukuba umgangatho wenkonzo kwiipropati ezilawulwa yi-REIT ziza kuphucula kakhulu ngenxa yesigatya.

Iimfuno ze-REIT Status

Ngokutsho kukaRalph Block kwi-Investments kwi-REIT: I-Real Estate Investment Trust, yonke i-REIT kufuneka idlule le mivavanyo emine ngonyaka ukwenzela ukugcina isimo sayo serhafu ekhethekileyo:

1. "I-REIT imele idibanise ubuncinane i-90 ekhulwini yengeniso yayo yonyaka ehlawulwa irhafu, ngaphandle kweenzuzo zentengo , njengezabelo kubanini-mali.
2. I-REIT kufuneka ibe ne-75 ekhulwini yeempahla zayo ezityalomali kwi-real estate, iimali-mboleko zemali mboleko , izabelo kwezinye i-REIT, imali, okanye i-securities.
3. I-REIT kufuneka ifumane ubuncinane i-75 ekhulwini yemali engenayo engenayo kwimali-mboleko, i-mortgage interest, okanye inzuzo evela kuthengiswa kwepropati yangempela. Kwaye ubuncinane ama-95 ekhulwini kufuneka avele kule mithombo, kunye kunye neentengo, inzala kunye nokuzuza kwiivenkile zokuthengisa.
4. I-REIT kufuneka ibe nabanini-nxaxheba abangama-100 kwaye kufuneka ibe ne-50 engama-percent yeengxenye ezibalaseleyo ezigxinwe ezandleni zabanikazi abanini. "

Ukongezelela ekuthintela ukuhlawulwa kweerhafu, ii-REIT zinika ezinye iindzuzo ezibandakanya:

Management Management

Kwiimeko ezininzi, umtyalomali othenga impahla yokurenta ushiyelwe kumacebo akhe. I-REIT ivumela umnini-mali ithuba lokuba neepropati zakhe ezilawulwa liqela lezakhiwo ezizimeleyo eziyaziyo imboni, liyiqonda ibhizinisi kwaye linokusebenzisa amathuba ngenxa yokukwazi ukuphakamisa imali kwiimarike ezinkulu. Iingeniso azikhawulelwanga kumlinganiselo wezimali weqela lolawulo. Abanikazi be-REIT abayi kufumana iifowuni kumanqanaba amathathu ukulungisa indlu yangasese ephumayo.

Ukunciphisa Ubungozi bomntu

I-REIT ingazinciphisa kakhulu umngcipheko wobuqu. Njani? Ukuba umnini-mali ufuna ukufumana indawo yokuhlala, mhlawumbi uya kuthatha ityala ngokuboleka imali kubangani, intsapho okanye ibhanki.

Ngokuqhelekileyo, kuya kufuneka ukuba aqiniseke ngokuqinisekileyo imali. Oku kungamshiya evelele kwimbopheleleko enokuba yingozi xa kwenzeka ukuba iphrojekthi ayiphumelelanga. Enye indlela yokuza neenkunzi ezinkulu zemali ngokubeka ezinye izinto ezinjengamasheya, amabhondi, imali kunye kunye nemigaqo-nkqubo ye-inshorensi yobomi. Ayikho enye into enokuthi ibe yinto efanelekileyo.

Ukuthenga i-REIT, ngakolunye uhlangothi, kunokukwenziwa ngeedola ezilikhulu kuphela nje ngokuba amaxabiso ezabelo zihlala ziphantsi, xa zingekho ngaphantsi, kunamalungelo. Umtyalo-mali ofuna ukutyalula i-$ 3,000 kwi-real estate uya kuvuna umvuzo ofanayo kwisiseko esilinganisiweyo njengabo bafuna ukutshala i-$ 100,000; kwixesha elidlulileyo, kwakungenakwenzeka ukuba ufumane olu hlobo lokungafani kwinqanaba lefa lempahla ngaphandle kokuthatha amaqabane okanye ukusebenzisa umgangatho.

Utywala

Ngokungafani nobunikazi bomhlaba othe ngqo, i-REIT inikezela ukuthengiswa kwemali kunye neengcaphuno zemihla ngemihla. Abanini-zimali abaninzi banxaxha oku ngenxa yengozi . Emva kokuba umninimzi-mali oyimvelo uzuze indlu, isakhiwo sezindlu okanye isitoreji, uya kuba nomdla kwixa elizayo lokufumana ingeniso, kungekhona ixabiso lokuthengiswa kwexabiso xa ibuyisela kwimarike. Enyanisweni, ukuba umtyalo-mali ubeka ipropati iminyaka engamashumi amabini, kungenzeka ukuba wayephila ngokugqithiseleyo kunye neebhasi kwimjikelezo wezindlu. Kwiimeko ezininzi, kukhuselekile ukucinga ukuba ngenxa yokungabikho kwexabiso eliphindaphindiweyo lokuhlaziya, umtyalo-mali akazange ayeke ukuba acinge ukuba i-estate yakhe iyashintsha njengokuba isisitye esasifanelekileyo (nangona iqondo elincinci.) Kule meko , ukungabikho kwamanani acatshulwayo kukuphambuka ngokuzinza. Njengoko uBenjamin Graham uthe kwincwadi yakhe ye -Intelligent Investor ye-1970:

"Kwakukho ngoko [ngexesha loKuDakazeka okukhulu ] inzuzo engokwengqondo ekuthandeni iimfuno zoshishino ezingazange zithengiswe. Ngokomzekelo, abantu ababenezindlu zokugcina iimpahla kwiindawo zangaphandle ezithe zahlawula inzala bakwazi ukuzitshela ukuba utyalo lwabo lwalugcinwe ixabiso elipheleleyo, kungekho zicaphuno zemarike ukubonisa ngenye indlela. Ngakolunye uhlangothi, amaninzi amabhondi aqulunqwe kwiinkampani ezinobungakanani obugqithiseleyo kunye namandla amaninzi athatyathwa ngamandla amaninzi kwiimarike zabo zentengiso, ngaloo ndlela abanikazi babo bakholelwa ukuba babekhulile ngokugqithiseleyo. Enyanisweni abanini bebebhetele kangcono kunye neziqinisekiso ezibhaliweyo, nangona kuthengiswa amaxabiso aphantsi kwezi. Kuba ukuba babefuna, okanye babephoqelelwe ukuba, banokungayithengisa imiba - mhlawumbi ukuba batshintshisane nabo bebhetele ngakumbi. Okanye banokuthi bangayinakukunyanzelisa isenzo semarike njengento yesikhashana kwaye ingenasisiseko. Kodwa kukukhohlisa ukuba uzitsho ukuba awunakuhluthwa ngokubaluleka nje ngenxa yokuba izitokethi zakho zithenganga zonke iintengiso. "

Ngamanye amagama, nangona ixabiso elicaphuniweyo le-REIT lingatshintshela imihla ngemihla, ukunyaniseka kwezoqoqosho kwezobume-mali ngokuthe ngqo kuhlukile. Ngokwenene, kunjengokuba umnikazi we-REIT akazange akhuphe iphepha kwaye ahlole ixabiso elinikezwa nguMnu. Market. Ukuthatha isinyathelo esinye esingaphambili, oku kukhangela ukuba yintlekele ngokwenene yinto enye yokufumana ii-REIT. Ngokungafani neendawo eziphathekayo eziphathekayo, ziyimpahla eyimpahla enokungathengiswa ngokukhawuleza ukunyusa imali okanye ukuxhamla ngamanye amathuba okutyalomali.

Izixhobo eziPhambili zoMhlala-phantsi okanye iNgeniso yeMali ephilayo

Inxalenye ebalulekileyo yokubuyisela ekubanjweni kokutyalomali kwi-REIT ngenxa yezabelo ezinkulu zemali . Ngenxa yokuba ukwahlula ukwahlula kwolu hlobo kuhlawuliswa kwiirhafu zerhafu yengeniso eye yafunyanwa ngo-39.8% (ngokubonga kwi- Bush tax cut, le nqanaba liye lanciphisa ukuya ku-35%), uMalume uSam unokuthabatha kakhulu inzuzo yakho. Enye indlela yokumelana nale nto kukubamba iimali zakho ze-real estate kwi-IRA yakho okanye ezinye i-akhawunti yomhlalaphantsi. Iminyaka emashumi engama-tax free-free can result in hundreds of thousands of dollars in savings.

I-REIT nazo zifaneleke ngokukhethekileyo kwiipotifoliyo zokuthatha umhlalaphantsi kuba i-dividend yemali ayinikezeli ngeniso kuphela apho ihlala khona kodwa ibeka umgangatho we-phantom kwixabiso lentengo. Kwi-market market ezamahala free, umzekelo, isivuno sokuhlawulela ekugqibeleni siza kuba neenjongo ezithinteleyo ukukhusela okunye ukuthengiswa kwezinto (ukucinga ukuba ishishini eliyisiseko alikho engozini.) Oku kunokubangela ukuzinza okukhulu ngamanye amaxesha emakethe emakethe.

I-equity term REIT ibhekisele kwiziko elithile elibandakanyekayo ekuthengeni, ukulawula, isakhiwo, ukulungiswa kunye nokuthengiswa kwezindlu. Olu hlobo lwe-trust ye-investment real estate lunikeza ithuba elikhulu kakhulu lomvuzo kwaye lunjalo luthandwa ngabaphathi bemali abaqeqeshiweyo . I-Equity REIT ihlala isebenza kwindawo ethile yobungcali. Ezinye imizekelo ziquka:

• IiReitential REITs
• REIT zokuThengisa
• I-Ofisi kunye ne-Industrial REIT
• IiNkonzo zezeMpilo
• I-Self-storage REIT
• Iihotele kunye nee-REIT ze-resort

IiReitential REITs

Olu hlobo lwe-REIT lugqwesileyo kwizakhiwo zezindlu kunye / okanye ezinye iipropati zokuhlala eziqeshwe ngabanye. Ingozi enkulu yokuhlala kwii-REIT iphezu kwakhiwo ngaphakathi kwendawo ethile yendawo ngexesha lokunyuka kwezoqoqosho . Kwiimeko ezinjalo apho ukunyuka kweenkonzo kunyanzeliswa njengoko ixabiso liyancipha, iqela lolawulo linyanzeliswa ukuba linciphise iirejista ukuze kugcinwe amazinga ahlala kuyo.

Umzekelo we-REID yokuhlala REIT: i-Avalon Bay Communities
Ngokutsho kweReuters, i-Avalon Bay Communities (AVB), eyaziwa ngokuba yindawo yokuhlala yeendawo zokunethezeka, "ityala lokutshala imali lokuthengisa utshitshilo ejolise ekuphuhliseni, ukuphuhliswa, ukufumana, ubunini kunye nokusebenza kwemimandla yezindlu kwiimarike eziphezulu zokungena. iunited States. Ngomhla kaFebruwari 27, 2004, iNkampani inomnini okanye inomdla ongqalileyo okanye ongabonanga ngqo kwiindawo zokuhlala ezihlala kwiiprojekthi ezingama-38,504 ezihlala kumakhaya ama-10 kwi-10 nakwiSithili sase-Columbia, apho iindawo ezimbini zendawo yokuhlala ezinezindlu eziyi-1,089 zakhiwa kwakhona. Ukongeza, ngaloo mhla, i-AvalonBay okanye inobunini bumnini ngqo okanye engaqondanga ngqo kummandla o-11 owakhiwayo kulindeleke ukuba ube neqela lezindlu ezingama-3,493 xa kugqityiwe. Kwakhona unomdla wobunini ngqo okanye ungangqaliyo kumalungelo okuphuhlisa uluntu olongezelelweyo lwama-40 oluthi, xa luphuhliswe ngendlela ekulindeleke, luya kuba neendawo ezili-10,070 zezindlu zokuhlala.

REIT zokuThengisa

Kukho inani lezodwa kwiindawo ze-REIT zokuthengisa, kubandakanywa izikhululo kunye namaziko okuthenga. Inzuzo ethile kubangaphambili kukuba iindleko zokwakha zibalulekileyo; lilinganiselwe kumashumi okanye amakhulu amabhiliyoni eedola. Le ndleko ephezulu yokungena kwinqanaba inceda ukugcina ukwandiswa phantsi kolawulo, okwenza ukongezwa kuninzi kunenkxalabo encinci.

Umzekelo we-Retail REIT: Regency Realty Corp.
"I-Regency Centers Corporation yintembeko yokutshala imali ye-real estate eyenza kwaye isebenze iziko zokuthenga ezithengiswayo e-United States. Ngomhla kaDisemba 31, 2003, iipotfoliyo zeNkampani zezoTyalo-mali zibandakanya amaziko angama-265 ekuthengeni kwiindawo ezingama-22 ezichaza ngeenyawo ezingama-30.3 zeenyawo zeendawo ezixhamlekileyo (GLA) kwaye i-92.2% yaqeshiswa. Kwimihlaba, i-19.6% ye-GLA yayo ikhona eFlorida, i-19.5% eCalifornia, i-16.8% eTexas, i-6.6% yaseGeorgia, i-6.3% e-Ohio kunye ne-31,2% isasazeka kwizinye i-17. I-Regency iyenayo kwaye isebenza ngamagumbi ayo okuthenga ngezobambiswano zayo, iiRegency Centers, i-LP (RCLP), apho iNkampani ine-98% yeeyunithi zokubambisana. I-Regency yokusebenza, ukutshala imali kunye nemisebenzi yezemali ngokuqhelekileyo eyenziwa yi-RCLP. "- Isishwankathelo seShishini seRuter

I-Ofisi kunye ne-Industrial REIT

Icandelo leofisi ye-real estate market ye-investment trust iye yembali. I-drawback eyona nto yintloko kukuba i-ofisi yemali ehlawulwayo ngokuqhelekileyo inemigangatho yokuqeshisa ixesha elide elithetha ukuba ngexesha lokunciphisa irente kunye nokuhlala ngaphantsi, abo baqeshi abasayine iinqeshiso baya kuba neerhafu eziphantsi, ezingenasenzuzo ezivalelwe kwiminyaka emininzi. Le nto ingaba yintsikelelo, nangona kunjalo, ukuba ipropati igcwaliswa ngexesha lokunqongophala kunye nokufuneka okukhulu. Ii-REIT zee-ofisi zikunye, njengokuba zicingelwa, zihamba phambili. Ngaphandle kolunye uhlangothi, zithatha ukuvelisa ngokukhawuleza, ukuhamba kwemali eqikelelweyo ngokubakho kwizinga eliphezulu lokuhlaziya ixabiso lokuqeshisa kunye nenkcitho ephantsi yezimali kunye neemfuno zokugcina.

Umzekelo we-Ofisi kunye ne-Industrial REIT: iTrust Properties Trust Trust
"Ipropati yeZakhiwo zePoint Properties yi-trust ye-investment real estate eyenza kwaye isebenze ngokuyinhloko igumbi kunye nezinye izakhiwo zoshishino kwi-metropolitan Chicago, e-Illinois. I-CentrePoint ifuna ukudala ixabiso lesabelo ngokulawulwa kwabathengi, utyalo-mali, ukuphuhliswa, nokuphuhliswa kwendawo yokugcina impahla, ukuhanjiswa, ukuveliswa okukhanya, izakhiwo zokunxibelelana kwe-airfreight kunye ne-rail-related. I Nkampani iphinda ivelise amaziko amashishini angamaziko amaninzi afumaneke ngokukhawuleza kwimizila, iindawo zeenqwelo-moya kunye nomzila wesitimela. Ngomhla wama-31 kuDisemba, 2003, iifotfoliyo zokutyalomali zenkampani yokugcina impahla kunye nezinye izakhiwo zepropati zinezixhobo ezili-187, ezimalunga nama-34.4 yezigidi zeenyawo zenyawo, kunye neentlobo ezahlukeneyo zabalingani abangama-284 ababandakanyekayo kumashishini athile. Ngomhla wama-31 ku-2003, i-CentrePoint iqokelele ukulawulwa kwepotfoliyo enkulu yomhlaba engaphezu kwamahektare angama-3000 apho i-50.1 yezigidi zeenyawo zendawo yokugcina impahla kunye nezinye izakhiwo zoshishino zingaphuhliswa. "- Isishwankathelo seShishini seRuter

REIT Care Care

Ukunakekelwa kwezeMpilo ii-REIT zakha, zifumana kwaye zithengisa izakhiwo ezizodwa ezifana nezibhedlele, amakhaya anonophala, izakhiwo zonyango kunye nezibonelelo zokuhlala. Icandelo le-REIT liyakwazi ukuxhomekeka kumhlaba, nangona ixhomekeka kakhulu kwimpilo yemali yomqeshi, ekuxhomekeke ekubuyiselweni kwezobugqirha ezinikezwa nguRhulumente wase-US. Ukuguqulwa kweSigungu kumgaqo-nkqubo wezempilo kuya kuba nefuthe elikhulu kwiinkonzo zezempilo ze-REIT.

Umzekelo woKhathalelo lwezeMpilo I-REIT: I-Health Care REIT, Inc.
"I-Health Care REIT, Inc. iyinqanaba lokulingana lokuthengisa utsalane (i-RIET) ye-equity investment (i-RIET) efaka imali kwiindawo zokunakekelwa kwezempilo, ngokukodwa kubongikazi abanezakhono kunye nokuncedisa indawo yokuhlala eUnited States. I Nkampani iphinde ithengise kwiindawo zokunyamekela okhethekileyo. Ngethuba lonyaka ophele ngomhla kaDisemba 31, 2003, iNkampani inotyalo-mali kumaziko angama-328 akwiindawo ezingama-33 kwaye ilawulwa ngabaqhubi abahlukeneyo abangama-47. Iphothifoliyo yabandakanya amaziko okuhlala ancedisayo angama-219, amaziko angama-101 abahlengikazi abanezakhono, kunye nezibonelelo zonyango ezizodwa ezisibhozo. Ngo-Oktobha 2003, iNkampani yathengisa imali-mali yayo kwi-Atlantic yezeMpilo yezeMali yaseLondon "

I-Self-Storage REIT

I-self-storage sector REIT yinkqubo ethile yokumelana nomnotho. Okumangalisayo kukuba kukuba abathengi bequmrhu benza inxalenye ebalulekileyo yokuqeshiswa kweendawo zokugcina. Izibambiso zokungena ziphantsi kakhulu kunezinye iintlobo ze-REIT ngenxa yexabiso elincinci leemfuno ezifunekayo ekwakheni indawo yokugcina.

Umzekelo Wokugcinwa Kokuzimela KUNYE: I-Sovran Self Storage, Inc.
"I-Sovran Self Storage, Inc. yinkxaso-mali yokuthengisa utshintshi-mali elawulwa yedwa, eyakhe kwaye ilawula iimpahla zokugcina izinto. Ngomhla ka-Matshi 1, 2004, yayinezindlu ezingama-265 kunye / okanye ezilawulwayo zokugcina impahla ezibandakanya malunga ne-15.5 yezigidi zenyawo eziqhelekileyo eziqashisayo, ezisezantsi kuma-21 kwimpuma nakwi-Midwestern United, e-Arizona naseTexas. I-Sovran Self Storage ilawula ezili-11 zezi mpawu kwi-Locke Sovran I, LLC, iqumrhu elingabandakanyiyo elilingene ne-45% eliphantsi kweNkampani. Ngomhla ka-Matshi 1, 2004, zonke iipropati zayo zenzeke ishishini ngaphantsi kwegama loorhwebo u-Uncle Bob's Self-Storage. Izixhobo zokuzigcina ezizimeleyo zenkampani zibonelela ngexabiso elingabonakaliyo, elifikeleleka kalula, indawo yokugcina egcinwe kubasebenzisi beendawo zokuhlala kunye nezorhwebo ngenyanga. Zonke iipropati zinomphathi wepropati kwisayithi ngexesha leeyure. Abathengi banokufikelela kwiindawo zabo zokugcina ngexesha leeyure zoshishino, kwaye abanye abathengi bezentengiso banikezelwa ukufikelela kweeyure ezingama-24. "- IShwankathelo seShishini seRuter

I-Hotel kunye neeRITI ze-Resort

Kwihlabathi lokutshala kwezindlu zangaphandle, ihotele kunye nekhenketho yecandelo lezhenketho lona lihambelana kakhulu kunye noqoqosho jikelele. Xa amaxesha amabi, abantu bahamba ngaphantsi kwezoshishino kunye nokuzonwabisa, ukusika ngqo entliziyweni yale migca engezantsi yeenkampani. Ngenxa yoko, abatyali-mali kwihotele ii-REIT kufuneka bazikhathalele kungekhona nje kuphela ngokwakhiwa komzimba kodwa isimo sengqondo seendawo zombini apho ihotele okanye ikhefu ikhona, kwakunye nelizwe lonke.

Umzekelo weeHlabathi kunye neeRafa ISEBE: I-LaSalle yeeHlathi zeeHlathi
I-SaleS Properties Properties iyindawo yokuthengisa eyakhelekileyo kunye nokulawulwa kwezinto ezithengiswayo ezithengayo, ezithengayo kunye nezindlu zokuqeshisa ngokukodwa indawo yokuhlala kunye neendawo zokuncedisa iinkonzo ezithembekileyo kwiindawo zentlangano, indawo yokuhlala kunye nezorhwebo ezinkulu zasezidolophini. Ukususela ngoDisemba 31, 2003, iinkampani zineenkampani ezinama-17 amahhotela angama-5 600 amagumbi / ama-suites ase-10 nakwiSithili sase-Columbia. Abaqhubi beehotele abazimeleyo baphatha amahotele. Ngokugqithiseleyo yonke impahla yeNkampani ibanjelwe kuyo, kwaye yonke imisebenzi yayo iqhutyelwa, i-LaSalle Hotel Operating Partnership, LP Inkampani yiyo kuphela iqabane eliqhelekileyo lobambiswano osebenzayo kunye no-98.3% ubunini bemali njengonyaka wonyaka ophela ngo-Oktobha 31 , 2003. I-1.7% esele iqhutywe ngamanye amaqabane athile. "- Isishwankathelo seBusiness Reuter

Kutheni i-REIT iThengisa iimpahla

Ukuba injongo ye-REIT iya kuzuza kwaye izuze kwi-investment real estate, kutheni amanye amaqela olawulo angakhetha ukuthengisa impahla? Njengamashishini amaninzi amahle, kuyacetyiswa ukuba ii-REIT ukuba ziphonononge ngokukhawuleza iipotifoliyo zepropati yayo kwaye zigqibe ukuba yeyiphi i-asethi inokuvelisa ukuhamba kwemali engaphantsi kwe-average kwiminyaka ezayo. Imali evela ekuthengisweni kwezi mpahla iya kubuyiselwa ngamathuba ngamathuba aphezulu okanye asetyenziswe ukuqinisa ishidi lemali (umz. Ukunciphisa amatyala ) okanye ukwandisa ubutyebi bamasheya ngenkqubo yokuthenga ngentengo. Abatyalomali kufuneka baqonde injongo ephambili yenkampani ephumelelayo kufuneka ibe nokwandisa ubutyebi bamasheya, kungekhona nje ukungaqhubeki ngongqondo.

Ukusebenzisa ii-REIT ze-Diversification ne-Asset Allocation Programs

Utyalo-mali oluthile lunikeza enye into ekhangayo kwi-stock, bond, kunye nokuxhasa imali. Abo batyali-mali abaneliso kwizinto ezahlukeneyo , nangona kunjalo, makakhumbule ukuba akulona nje ngokwaneleyo ukuthenga ii-REIT ezimbalwa kunye neefowthifoli ezahlukeneyo. Endaweni yoko, umtyalo-mali kufuneka aqinisekise ukuba i-REITs ayifumanayo ibonisa iqela lemihlaba eyahlukeneyo kunye necandelo. Umtyalo-mali okhuselayo , kukhululekile ukufumana indawo yokuhlala, iofisi, i-industrial, ukugcinwa, kunye nempilo ye-REIT evela eNew York ukuya eCalifornia phantsi kwamacandelo olawulo ahlukeneyo kunokuba kuthengise inkampani yasePennsylvania-based storage storage.

I-Mortgage REIT

I-mortgage REIT yinkampani egxile ekubhaleni phantsi, ukufumana nokugcina izibophelelo zetyala eziqinisekisiwe ngezakhiwo zezindlu . Iimpahla ze-Mortgage ziyi-portfolios ezibolekwa ngemboleko ngokuchasene nobunikazi beefa, njengokuba kunjalo nangama-equity equity.

IiRIT zeHyibrid

I-REIT ibhekiselwa kuye njengesixubeko xa i-equity equity and mortgage components. Nangona kungenjalo njengabacebisi abacebisi ngokutsha njengabalingani bunyanisekileyo be-REIT, basenokuba nezindlela ezithandekayo zokutshala imali.

Isishwankathelo: Iingenelo ze-Real Estate Ukutshala imali nge-REIT

• Ukuhlawulwa kweerhafu kabini, kuvumela ukuba inkunzi ye-capital investor ihlanganiswe.
• I-Professional, iqela lolawulo elizinikeleyo elijongene nokusebenza kwansuku zonke kweshishini, ukubonelela umtyalomali ngobuchule ngaphezu kwesiseko sakhe solwazi.
• Ngokungafani neendawo eziphathekayo ngokubanjelwa ngqo ngumtyalo-mali, ii-REIT zizinto eziphathekayo ezinokuthi zithengiswe ngokukhawuleza ukunyusa imali okanye zisebenzise ngamanye amathuba okutyalomali.
• Ukusebenzisa ii-REIT, abatyali-mali abanamawaka ambalwa eedola ezifumanekayo banokudambisa iintlobo zabo kwiindawo ezahlukeneyo kunye neendawo zobugcisa. Kwimeko yobunini bomhlaba ngqo, oku kungenakwenzeka kwimali ngaphandle kokuba umtyalo-mali ethathe umxhesho ogqithiseleyo okanye amaqabane amashishini.
• I-REIT iyakuthatha i-matyala kunye neemakethi zokulingana kunye nokuphakamisa iimali zokusebenzisa amathuba xa zivela.
• I-REIT ine-correlation ephantsi kuma-equity kunezinye iiklasi zee-asethi ezininzi, ukubonelela ukuzinza kweepotfoliyo kulabo abanesicwangciso sokunikezelwa kwe-asethi esisebenzayo .
• Izabelo eziphezulu zeemali ezixhomekeke kwiimarike zivame ukuseka i-phantom bottoms kwi-REIT amanani entengiso, ngokuqhelekileyo ukuwagcina ekuwa kwe- stock efanayo kwiimarike zeebhere .

I-Caveat yokugqibela kwi-REIT

Umtyalo-mali kufuneka ahlale ekhumbula ukuba ii-REIT azibonakalisi nje imfumba yexabiso lempahla. Zizo kwaye zodwa zoshishino lokuxhalabisa kwaye kufuneka zihlolwe kwaye zihlaziywe ngale ndlela.