2002 年 16 巻 3 号 p. 48-54
This paper introduces recent situation and trend of U. S. real estate securitization market especially for the Real Estate Investment Trusts (REITs) in comparison particularly with newly borne J-REITs herein Japan, by highlighting the differences and the similarities of characters and performances of REITs from the investor's points of view.
Then, judging from facts that the diversity of U. S. REITs and attractive investment objects originated in line with the investors' strategies, and JREIT's growth will benefit to the recovery of market and economy, this paper concludes that the real estate owners, industries and related policy makers shall consider further improvement of disclosures, free application of Landlord and Tenant Law and immediate reform of real estate taxations.