JP2002092338A - Real estate investing system - Google Patents
Real estate investing systemInfo
- Publication number
- JP2002092338A JP2002092338A JP2000280469A JP2000280469A JP2002092338A JP 2002092338 A JP2002092338 A JP 2002092338A JP 2000280469 A JP2000280469 A JP 2000280469A JP 2000280469 A JP2000280469 A JP 2000280469A JP 2002092338 A JP2002092338 A JP 2002092338A
- Authority
- JP
- Japan
- Prior art keywords
- real estate
- possessing
- ownership
- management
- managing
- Prior art date
- Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
- Pending
Links
- 238000010586 diagram Methods 0.000 description 4
- 238000011156 evaluation Methods 0.000 description 2
- 230000008520 organization Effects 0.000 description 2
- GHVNFZFCNZKVNT-UHFFFAOYSA-M decanoate Chemical compound CCCCCCCCCC([O-])=O GHVNFZFCNZKVNT-UHFFFAOYSA-M 0.000 description 1
- 230000000694 effects Effects 0.000 description 1
Landscapes
- Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
Abstract
Description
【0001】[0001]
【発明の属する技術分野】本発明は不動産投資システム
に関するものである。BACKGROUND OF THE INVENTION 1. Field of the Invention The present invention relates to a real estate investment system.
【0002】[0002]
【従来の技術】日本の不動産業界において、たとえばホ
テル業界では図1の上の図(従来の不動産経営)に示す
ように、ホテルの「所有」と「経営」と「運営」とが一
体となっており、効率的な経営も運営もなされていな
い。ここで「経営」とは投資家から資金を預かり、不動
産運営会社やテナント仲介会社を選択して不動産投資を
いかに増やすかを使命とする業務である。したがってそ
こでは、現在所有するホテルにとらわれず、市場の動向
を見て投資対象のホテルを入れ替えたりして運用成績を
高める業務を行う。また「運営」とは来客率を高めてホ
テルが生み出す収益を増やし、そのホテルの価値を高め
る業務である。2. Description of the Related Art In the Japanese real estate industry, for example, in the hotel industry, as shown in the upper diagram of FIG. 1 (conventional real estate management), "ownership", "management" and "operation" of a hotel are integrated. It is not managed or operated efficiently. Here, “management” is a task of receiving funds from investors and selecting a real estate management company or a tenant intermediary company to increase real estate investment. Therefore, there is no need to be confined to the hotels currently owned, and the business to improve investment performance by replacing the hotels to be invested by observing market trends. “Operating” is a business that raises the rate of visitors to increase the revenue generated by hotels and enhances the value of the hotels.
【0003】しかし欧米各国のホテル事業では、図1の
下図で示すように、すでに「所有」と「経営」と「運
営」とが分離した形態が採用されている。その結果、次
のような特徴を持っている。 <イ>所有権の売買が容易である。 <ロ>マーケッティングビジネスとしてフランチャイズ
システムが受け入れられ、採用されている。 <ハ>効率的な運営による収益を競う不動産運営会社が
存在し、ホテル資産の収益化が合理的に形成されてい
る。その結果、資産の流動化につながっている。[0003] However, in the hotel business in Europe and the United States, as shown in the lower diagram of Fig. 1, a form in which "ownership", "management", and "management" are already separated has been adopted. As a result, it has the following features. <B> It is easy to buy and sell ownership. <B> The franchise system has been accepted and adopted as a marketing business. <C> There are real estate management companies that compete for profits through efficient management, and monetization of hotel assets is reasonably formed. As a result, this has led to asset liquidation.
【0004】[0004]
【本発明が解決しようとする課題】欧米では上記したよ
うな業務の分割が行われている。しかし今日の日本で、
そのような欧米のシステムをそのまま採用しても、必ず
しも資産のスムーズな流動化が行われるとは限らない。
なぜなら日本では不動産取引の低迷が長期化しており、
資産の流動を活性化させるためにはさらに投資家に抵抗
感の少ない環境作りが必要となるからである。以上のケ
ースはホテルに限らず、不動産一般に共通する問題であ
る。[0005] In Europe and the United States, the above-described business division is performed. But in today's Japan,
Even if such a system in Europe and the United States is adopted as it is, smooth liquidation of assets will not always be performed.
Because in Japan, real estate transactions have been sluggish for a long time,
This is because in order to stimulate the flow of assets, it is necessary to create an environment in which investors have less resistance. The above cases are not limited to hotels, but are common to real estate in general.
【0005】[0005]
【本発明の目的】本発明は上記したような問題を改善す
るためになされたもので、業務を分離するだけではな
く、資産のスムーズな流動化を期待することができる、
不動産投資システムを提供することを目的とする。[Object of the present invention] The present invention has been made to solve the above-mentioned problems, and it is possible to not only segregate duties but also to expect a smooth liquidation of assets.
The purpose is to provide a real estate investment system.
【0006】[0006]
【課題を解決するための手段】上記のような目的を達成
するために本発明の不動産投資システムは、不動産を購
入して所有する不動産所有手段と、この不動産の実際の
運営を行う運営手段と、この不動産の経営を行う経営手
段と、上記の運営手段と経営手段との株を所有する持ち
株手段とより構成し、不動産所有手段は投資家から出資
を受けて、経営手段からの指示によって不動産を購入し
て所有し、運営手段は不動産の収益を高めるための業務
を行い、経営手段は不動産所有手段の購入対象を選択を
行い、持ち株手段および不動産所有手段が上場した後に
は、持ち株手段の株式と、不動産所有手段の株式との交
換を行うことを特徴とする、不動産投資システムであ
る。In order to achieve the above object, a real estate investment system according to the present invention comprises a real estate ownership means for purchasing and owning real estate, and an operating means for actually operating the real estate. , Comprising a management means for managing the real estate, and a holding means for owning shares of the above-mentioned management means and the management means, the real estate ownership means receiving investment from an investor, and real estate in accordance with instructions from the management means. Purchase and own the property, the operating means performs business to increase the profit of the real estate, the management means selects the purchase target of the real estate owning means, and after the holding means and the real estate owning means are listed, This is a real estate investment system characterized by exchanging stock for real estate ownership means.
【0007】[0007]
【発明の実施の形態】以下図面にもとづいて本発明の一
実施例を説明する。DETAILED DESCRIPTION OF THE PREFERRED EMBODIMENTS An embodiment of the present invention will be described below with reference to the drawings.
【0008】<イ>不動産を所有する手段。不動産を所
有する手段1は投資家から出資を受け、あるいは金融機
関から融資を受けて設立する手段である。たとえば投資
事業組合、有限責任組合などの形態で設立する。この所
有手段1は、後述する経営手段3からの指示によって不
動産を購入する。そして購入して所有する不動産、たと
えばホテル、商業ビル、ビジネスビルなどを運営して利
益を上げ、その一部を投資家に配当し、あるいは金融機
関への返済に当てる。<A> Means of owning real estate. The means 1 for owning a real estate is a means for establishing by receiving investment from an investor or receiving a loan from a financial institution. For example, it is established in the form of an investment partnership or a limited liability partnership. The owning means 1 purchases a real estate in accordance with an instruction from a management means 3 described later. The company then manages the real estate it buys and owns, such as hotels, commercial buildings, and business buildings, and makes profits, some of which are distributed to investors or paid back to financial institutions.
【0009】<ロ>運営手段。所有する不動産において
利益を上げるためには実際の運営が必要である。そのた
めに、運営を行う運営手段2を設立する。具体的には、
ホテルの稼働率、ビルの入居率を高め、その不動産が生
み出す収益を増やして不動産の価値を高める。このよう
に、運営手段2は不動産の収益を高めるための業務を行
う。さらに該当する不動産に関する詳細な情報を、不動
産所有手段1への投資家5に対して開示する。<B> Operating means. In order to make a profit on your real estate, you need to actually operate it. For this purpose, an operation means 2 for operation is established. In particular,
Increase the occupancy rate of hotels and occupancy rates of buildings, increase the revenue generated by the real estate, and enhance the value of the real estate. As described above, the operation means 2 performs a task for increasing the profit of the real estate. Further, detailed information on the corresponding real estate is disclosed to the investor 5 of the real estate ownership means 1.
【0010】<ハ>経営手段。所有する不動産の経営を
行う経営手段3を設立する。この経営手段3は、不動産
所有手段1が購入し所有する対象物件の選択を行う組織
である。そのために所有する不動産のテナントを仲介す
る会社を選択し直したりして不動産収入を増やすための
指導を行う。さらに市場の動きをみて、不動産所有手段
1が現在所有している不動産だけにとらわれず、投資物
件を入れ替えたりして、運用成績を高める。<C> Management means. The management means 3 for managing the real estate owned is established. The management means 3 is an organization for selecting a target property purchased and owned by the real estate ownership means 1. For that purpose, they will re-select a company that mediates the tenant of the real estate they own and provide guidance to increase real estate income. Furthermore, looking at the movement of the market, the real estate ownership means 1 is not limited to the real estate currently owned, but replaces the investment property, thereby improving the performance.
【0011】<ニ>持ち株手段4。さらに持ち株手段4
を設立する。この持ち株手段4は、上記の運営手段2と
経営手段3との株を100%所有する持ち株の組織であ
る。この持ち株手段4自体も投資家5の投資を受け、金
融機関から融資を受ける。持ち株手段4の利益は、子会
社である運営手段2と経営手段3とが上げる利益によっ
て得られる。この利益の一部を、投資家5への配当、金
融機関への返済に充てる。<D> Holding means 4 Further holding means 4
Is established. The holding means 4 is a holding organization that owns 100% of the shares of the operating means 2 and the management means 3. The holding means 4 itself receives the investment of the investor 5 and receives a loan from a financial institution. The profit of the holding means 4 is obtained from the profits of the operating means 2 and the management means 3 which are subsidiaries. Part of this profit will be used for dividends to investors 5 and repayment to financial institutions.
【0012】<ホ>不動産所有手段1の上場。経営手段
3と運営手段2が大きな利益を上げるためには、経営手
段3がよいと判断して選択した不動産が、その後の運営
手段2の稼動によって入居率を高めるなど、良好な利益
を上げる必要がある。不動産がこのような利益を上げる
ことができれば、経営手段3と運営手段2の利益が向上
するだけでなく、両社の株式を100%所有する持ち株
手段4の評価も、さらに不動産を所有する所有手段1自
体の評価も高くなる。このように不動産の利益率が向上
すればその結果、持ち株手段4も不動産所有手段1もと
もに、上場することが可能となる。<E> Listing of the real estate ownership means 1 In order for the management means 3 and the management means 2 to make a large profit, it is necessary for the real estate selected by the management means 3 to be good, for example, to increase the occupancy rate by operating the management means 2 and to make a good profit. There is. If real estate can make such profits, not only will the profits of the management means 3 and the management means 2 be improved, but also the evaluation of the holding means 4 that owns 100% of the shares of both companies will be further evaluated by the ownership means that owns the real estate. The evaluation of 1 itself also increases. If the profit margin of the real estate is improved as described above, as a result, both the holding means 4 and the real estate ownership means 1 can be listed.
【0013】<ヘ>株式の交換。不動産所有手段1が上
場した後に、その株式の運用で利益を上げるにはいくつ
かのケースがある。第三者に売却するケース、証券会
社、Jリートへ売却するケースが一般的である。しかし
バブル崩壊後の経済状態では、不動産関連株は必ずしも
スムーズに売却がすすむとは限らない。そこで持ち株手
段4の株式と、不動産所有手段1の株式との交換を行う
こともひとつの選択肢として準備しておく。このような
株式交換が準備されているという事実は、不動産所有手
段1への投資家5にとってキャピタルゲインを得られる
安全な出口が準備されているということになる。そのた
めに、最初の投資の段階において投資家5に安心感を与
えて円滑に進めることができる。同時に持ち株手段4の
株主は不動産のキャップレートとPER利回りとのギャ
ップによって株価が上昇することも考えられる。この点
は実際に米国において株式交換によって連続的生成を享
受している企業が多数見られることから推測することが
できる。<F> Exchange of shares. There are several cases in which profits can be gained by managing the stock after the real estate ownership means 1 is listed. It is common to sell to a third party or to a securities company or J-REIT. However, in the post-bubble economic situation, real estate-related stocks are not always sold smoothly. Therefore, exchange of the shares of the holding means 4 with the shares of the real estate ownership means 1 is prepared as one option. The fact that such a share exchange is being prepared means that a safe exit is provided for the investor 5 in the real estate ownership means 1 to obtain a capital gain. Therefore, it is possible to give the investor 5 a sense of security at the initial investment stage and proceed smoothly. At the same time, it is conceivable that the shareholder of the holding means 4 may increase its stock price due to the gap between the real estate cap rate and the PER yield. This can be inferred from the fact that many companies in the United States are enjoying continuous generation through stock swaps.
【0014】[0014]
【発明の効果】本発明は上記したようになるから、次の
ような効果を得ることができる。 <イ>ホテルに代表される不動産事業を、所有と経営と
運営との形態に分離して構成したので、不動産の所有権
を独立して売買の対象とすることができる。 <ロ>収益力が向上した不動産所有手段1の株式を、株
式交換することで、資産の流動化に貢献することができ
る。Since the present invention is as described above, the following effects can be obtained. <A> Since the real estate business represented by hotels is divided into ownership, management, and operation, ownership of the real estate can be independently sold and purchased. <B> By exchanging shares of the real estate ownership means 1 with improved profitability, it is possible to contribute to liquidation of assets.
【図1】本発明の不動産投資システムの基本概念図。FIG. 1 is a basic conceptual diagram of a real estate investment system of the present invention.
【図2】本発明の不動産投資システムの説明図。FIG. 2 is an explanatory diagram of a real estate investment system of the present invention.
Claims (1)
と、この不動産の実際の運営を行う運営手段と、この不
動産の経営を行う経営手段と、上記の運営手段と経営手
段との株を所有する持ち株手段とより構成し、不動産所
有手段は、投資家から出資を受けて、経営手段からの指
示によって不動産を購入して所有し、運営手段は、不動
産所有手段の所有する不動産の収益を高めるための業務
を行い、経営手段は、不動産所有手段が購入、売却する
対象の選択を行い、持ち株手段および不動産所有手段が
上場した後には、持ち株手段の株式と、不動産所有手段
の株式との交換を行うことを特徴とする、不動産投資シ
ステム。Claims 1. A real estate ownership means for purchasing and owning a real estate, an operating means for actually operating the real estate, a management means for managing the real estate, and a stock of the above operating means and the management means. The real estate ownership means receives investment from the investor, purchases and owns the real estate in accordance with instructions from the management means, and the operating means manages the income of the real estate owned by the real estate ownership means. After the holding means and the real estate ownership means have been listed, the management means will select the objects to be purchased and sold. Real estate investment system characterized by performing exchanges.
Priority Applications (1)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| JP2000280469A JP2002092338A (en) | 2000-09-14 | 2000-09-14 | Real estate investing system |
Applications Claiming Priority (1)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| JP2000280469A JP2002092338A (en) | 2000-09-14 | 2000-09-14 | Real estate investing system |
Publications (1)
| Publication Number | Publication Date |
|---|---|
| JP2002092338A true JP2002092338A (en) | 2002-03-29 |
Family
ID=18765301
Family Applications (1)
| Application Number | Title | Priority Date | Filing Date |
|---|---|---|---|
| JP2000280469A Pending JP2002092338A (en) | 2000-09-14 | 2000-09-14 | Real estate investing system |
Country Status (1)
| Country | Link |
|---|---|
| JP (1) | JP2002092338A (en) |
Cited By (2)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| US7693765B2 (en) | 2004-11-30 | 2010-04-06 | Michael Dell Orfano | System and method for creating electronic real estate registration |
| US9076185B2 (en) | 2004-11-30 | 2015-07-07 | Michael Dell Orfano | System and method for managing electronic real estate registry information |
-
2000
- 2000-09-14 JP JP2000280469A patent/JP2002092338A/en active Pending
Cited By (3)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| US7693765B2 (en) | 2004-11-30 | 2010-04-06 | Michael Dell Orfano | System and method for creating electronic real estate registration |
| US8160944B2 (en) | 2004-11-30 | 2012-04-17 | Michael Dell Orfano | System and method for creating electronic real estate registration |
| US9076185B2 (en) | 2004-11-30 | 2015-07-07 | Michael Dell Orfano | System and method for managing electronic real estate registry information |
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