Investers invest in unlisted private real estate funds.
A private funds can avoid paying corporate tax on the profits by meeting certain requirements.
There are two types of private funds called close -end funds and open-ends funds.
Closed-end funds have an investment timeline determined when the funds is launched.
It is a set schedule , usually running 3,5,7 years for institutional investers.
In Japan, a TMK or TK-GK structure are usually use for closed-end funds.
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