我国养老地产私募类REITs融资结构设计与运行研究  

Research on the Financing Structure Design and Operation of Private REITs in China’s Pension Real Estate

作　　者：宋梓维 王少嵩 张嵩[2] SONG Ziwei;WANG Shaosong;ZHANG Song(Lu Xun Academy of Fine Arts,Shenyang 110004,China;Shenyang Jianzhu University,Shenyang 110168,China)

机构地区：[1]鲁迅美术学院,辽宁沈阳110004 [2]沈阳建筑大学,辽宁沈阳110168

出　　处：《建筑经济》2020年第9期126-130,共5页Construction Economy

基　　金：辽宁省教育厅一般项目“辽宁省养老专业人才需求调查研究”(lnjc201921);沈阳建筑大学哲学社会科学研究项目课题“养老服务运营商在养老地产中的作用研究”(2017104)。

摘　　要：我国老龄化程度不断加剧,养老地产将成为未来房地产行业的发展重点,而融资问题成为制约其发展的主要因素。设计适合养老地产发展的私募类REITs融资结构,提出保障投资人利益、提高项目收益率、促进投资者交易的措施,并给出保障REITs融资有效运行机制的建议。以此解决REITs融资存在的部分问题,扩大REITs发行规模并丰富REITs的融资产品,推动我国养老地产的健康发展。China has entered an aging society,and pension real estate will become the development focus of the real estate industry in the future,and the financing problem has become the main factor restricting its development.This paper designs a private REITs financing structure suitable for the development of pension real estate,puts forward measures to protect the interests of investors,improve the project yield,and promote investor transactions,and puts forward suggestions to ensure the effective operation mechanism of REITs financing structure.In order to solve some problems in REITs financing,expand the scale of REITs issuance,enrich REITs financing products,and promote the healthy development of China’s pension real estate.

关 键 词：私募REITs 养老地产 融资结构 

分 类 号：F407.9[经济管理—产业经济]