Exploring REITs for community-based retail development in China : a new strategy to create better places to live

In the last decade, mainland China has encouraged diverse experiments of real estate asset securitization in different sub-sectors, such as rental, industrial, and retail markets. However, little research has focused on the community-based retail, and few experiments of community-based retail asset securitization have taken place. The paper attempts to propose a new strategy for China's community-based retail development, with the belief that, by utilizing innovative real estate securitization as an alternative financing tool, community-based retail development will exploit its economic and social potential to make better neighborhoods in cities. The paper will discuss the opportunities and the challenges in community-based retail development in China, examine the key features of alternative financing tools that could be utilized, and develop a hypothetical strategy to integrate these concepts and make an example of a feasible system for the applications of REITs in China's real estate market..

Department dc:contributor.department

Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development

Grantor dc:publisher

Massachusetts Institute of Technology

Year dc:date.issued

2019

Author dc:creator

• Yin, Qianwen.

Advisor dc:contributor.advisor

• Siqi Zheng.

• Center for Real Estate. Program in Real Estate Development.

Statement dc:rights

• MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission.

Licence dc:rights.uri

• http://dspace.mit.edu/handle/1721.1/7582

Language dc:language.iso

eng

Handle dc:identifier.uri

https://hdl.handle.net/1721.1/123584

OAI identifier oai:identifier

oai:dspace.mit.edu:1721.1/123584