CAJ | 학술논문

REITs是一种以发行收益凭证的方式汇集特定多数投资者的资金，由专门投资机构进行房地产投资经营管理，并将投资综合收益按比例分配给投资者的一种信托基金。虽然REITs在国外取得巨大成功，但其赖以生存的法律生态在当前的中国并不完善。无论多么好的东西在一国扎根都需要与之配套的相关制度，否则只能是“橘生淮北则为枳”。法学界重视对REITs的研究，尤其是其配套制度的研究，将对中国版真正意义上与国际接轨的REITs的顺利诞生起到助推的作用。
REITs시일충이발행수익빙증적방식회집특정다수투자자적자금，유전문투자궤구진행방지산투자경영관리，병장투자종합수익안비례분배급투자자적일충신탁기금。수연REITs재국외취득거대성공，단기뢰이생존적법률생태재당전적중국병불완선。무론다요호적동서재일국찰근도수요여지배투적상관제도，부칙지능시“귤생회북칙위지”。법학계중시대REITs적연구，우기시기배투제도적연구，장대중국판진정의의상여국제접궤적REITs적순리탄생기도조추적작용。
REITs is a kind of way to collect most of investors＇money through releasing income docnments and is managed by special investment agency, and is a kind of trust fund to distribute fund in proportion of comprehen- sive income. The law circle pays much attention to the research of REITs, especially the research of supporting sys- tem, and it will be a smooth booster to meet international standards.