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一、房地产证券化的涵义和特征 1.房地产证券化的内涵 所谓房地产证券化就是将房地产投资直接转变成有价证券投资形式,投资人和房地产投资标的物之间关系由拥有房地产的所有权改变为拥有有价证券的所有权。在理解这一概念时,不能将房地产证券化与房地产公司的股票混为一谈,房地产证券化实质上是“不同投资者获得房地产投资收益的一种权力分配”,它是以房地产这种有形资产作担保,将房地产股本投资权予以证券化,
First, the meaning and characteristics of real estate securitization 1. The connotation of real estate securitization The so-called real estate securitization is the real estate investment directly into the form of investment securities, investors and real estate investment subject matter by the ownership of real estate has changed to Owns the ownership of securities. In understanding this concept, we can not confuse real estate securitization with real estate company’s stock. Securitization of real estate is essentially “a kind of distribution of power for different investors to get real estate investment income”, which is secured by tangible assets such as real estate , Real estate equity investment will be securitized,