ʻO kaʻoi aku o ke kiʻekiʻe e halihali i kekahi hanana
E kūʻai ana ka'Āpono kālā i ke kūʻaiʻana i nā waiwai no ka loaʻa kālā ma nā'āpana kūʻaiʻohana a me nāʻoihana kūʻai kūʻai:
- nā hale kūʻai
- nā keʻena o ke keʻena
- nā malls kūʻai
- nā kikowaena kikowaena
- nā lawelawe olakino
- nā hoʻolimalima hale kūʻai kūʻai'ē aʻe
Ke kūʻai nei ka pūʻulu o ka REIT i nā waiwai a mālama iā lākou no ka loaʻa kālā. Ma keʻano he hoahele, loaʻa iāʻoe 90% o ka maikaʻi o ka REIT ma nā'āpana e pili ana i kāu kuleana pono. ʻO ka mōʻaukala, ua hana maikaʻi nā REIT mau pono. Eia hou, he ala maʻamau ia e mālama ai i ke kuleana o nā waiwai kūʻai. Hiki ke komo i nā pono o kēiaʻano REIT:
- ka hoʻokomo i ka mahalo i ka manawa
- e hoʻonui ana i nā uku uku me nā moraki paʻa i ka uku a me nā waiwai
- nā waiwai ma ka kūʻai pokole a kūʻai aku i nā waiwai
Loaʻa nā pilikia i nā haʻuki kālā a pau, akā i ka mea maʻamau, ua hāʻawi mai kēia mau REIT i nā hōʻike kūpono i nā kūlana kūpono e'āponoʻia.
Ke hoʻoliloʻiaʻo REITs i nā moraki ma ka waiwai maoli. ʻO ka mea maʻamau,ʻo kahi REIT mokupuna e lawe i kaʻoi aku ka nui aʻe ma muli o ka loli o ka huina kālā. Hiki ke hōʻinoʻia nā kumukūʻai i ka hoʻonuiʻana i nā uku uku, aʻo nā kumukūʻai o kēia mau REIT he nui loa ia.
Ke kūʻai neiʻo ia i kēia mau REIT iʻoi aku o kahi papaʻoihana lōʻihi ma mua o nā REIT.
Aia kekahi mau kumu kūpono no ka kohoʻana i hoʻokahi a iʻole e hoʻololi paha me nā meaʻelua. Eia naʻe,ʻo ka REITs, e like me ia i'ōleloʻia, he mau mea hoʻolimalima kālā. Ke hilinaʻi neiʻoe ma luna o ka mākaukau o ka hui hoʻonohonoho a me nā kālepa makamae. ʻOiaʻiʻo,ʻaʻohe mea hiki keʻike i nā loli kālā a me keʻano o ke au o ka'āina kūʻai waiwai.
Eia kekahi, hiki ke hoʻokaʻawale i ka hanaʻana i nā REITs pili pāʻoihana noho. A, e like me nā waiwai a pau, he nui kaʻoihana, aʻoi aku ka maikaʻi o kekahi mauʻoihana ma mua o nā mea'ē aʻe.
Ua hala nā mākeke likeʻole o ka'āina i nā manawa likeʻole i ka moraki a me ka hōʻailona hale i hoʻomaka i ka makahiki 2006. Ma keʻano like, ua ola nā maketi ma nāʻano likeʻole o ka'āina. ʻO ka waiwai mau i nā manawa a mau loa i kahi o nā kūlana a me nā hana. ʻO nā kūlana waiwai hoʻolālā o ka'āina, ka uluʻana o kaʻoihana nui a hoʻoemi paha i ka ikaika a me nā hana aupuni e hiki ai ke hoʻololi nui i nā waiwai i kahi.
Heʻoiaʻiʻo, ke manaʻo nei kākou he poʻe "mea akamai" a me nāʻoihana kūʻai waiwai kūʻai e loaʻa iā lākou nā waiwai a me nāʻikeʻaʻole mākou. Eia naʻe,ʻaʻohe o lākou i pālekaʻeleʻele, aʻo nā'elekema a me nā kālepa ke pane aku i ka nui o nā hana waho a me ka loina, mai ka honua a i ke kōkele. E hana i ka nui o ka noiʻi e hiki ai i ka poʻe o nā REIT a me ko lākouʻike a me ka hana i hala.
Nā REIT REI
Nā REITs pono'ī, eʻike ana i ka māhele hoʻokele waiwai waiwai i ka makahiki 2000, ke hāʻawi pinepine aku i nā kuʻuna nui ma mua o nā hilinaʻi waiwai waiwai waiwai o ka lehulehu.
Ma mua o ka leleʻana i loko o kēia REIT, eʻike i nā kumukūʻai a hana i kāu kūpaʻa pono.
Lawaiʻaʻole
Ma keʻano nui i hāʻawiʻia e nā hoʻolālā kālā pilikino,ʻo nā REIT pūʻokoʻaʻaʻole i like me ka wai e like me nāʻupena waiwai mālama waiwai. ʻAʻole hiki i kekahi ke kāhea aku i kā lākou mea kālepa a kūʻai aku i kā lākou mau REIT pono'ī. Eia kekahi,ʻo nā REIT pūnaewele he nui nā koi hoʻolālā kiʻekiʻe, no laila,ʻaʻole i loaʻa pinepine nā poʻe kālā waiwaiʻuʻuku e komo.
Nā Kuleana Mea Kūlana kiʻekiʻe
ʻO ka REIT pūnaewele ke kau aku i kahiʻoihana kūʻaiʻoi aku i ke kūʻai aku, no laila,ʻaʻole pono ke kālā e hoʻokomo i ke kālā. Hiki ke hele mai nā hihia pili i ka hopena no kēia kumu, no ka mea, makemake ka poʻe kūʻai i ka REIT e ulu i mea e hoʻonui ai i kā lākou waiwai.
Ma mua o ka leleʻana i loko o kahi waihona waiwai mālama waiwai kūpono, e nānā pono i nā prospectus a me nā māhele a pau o keʻano o ka mālamaʻana, nā māhele a me nā koina.
ʻO nā kumukūʻai a me nā uku nā mea nui o ke kūʻai a me ka hoʻoholoʻana i nā hoʻoholo, no ka mea hiki iā lākou ke kōkua a hōʻeha i ka ROI. Hiki iāʻoe ke hana maikaʻi i ka REIT pono'ī, akā,ʻo ia ke kumu. ʻO wai ka "pololei"? Ma muli o ka nuiʻole o ka wai, hiki iāʻoe ke hoʻopiliʻia i kahi haipule inā makemakeʻoe e puka. ʻO kekahi manawaʻaʻole lōʻihi, akā, hiki iāʻoe ke lilo ke kālā i kēlā manawa, aiʻole e kūʻai pahaʻoe i ka mea kūʻai no ka heleʻana.