不動産投資會社法(REITs) 施行에 따른 파생컨설팅 方法論 에 관한 硏究 = (A) Study on the Methods of REITs Consulting

다국어 초록 (Multilingual Abstract)

As REITs is introduced, the Korean real estate market has recently experienced a lot of new opportunities as well as challenges. The purpose of this study are to suggest an appropriate management consulting model and provide a frame of efficient management consulting strategies through the analysis of REITs and its by-products.
The Korean government has been trying to enhance the flexibility of real estate market in order to stabilize the shrunken Korean market under the monitoring of the IMF. As a solution to this inflexible and bearish real estate market as well as foreign exchange rate risk, Ministry of Construction and Transportations introduced REITs(Real Estate Investment Trusts) as of July 1st, 2001.
With the introduction of REITs into the Korean real estate market, it is expected that the market will step into a different phase. In this respect, this study will provide some insights in terms of the characteristics of REITs, its advantageous outcomes as well as some anticipated pitfalls through the case analysis of other countries which has already practiced REITs.
The study also suggests a tool for the investment strategy which fits best in Korean real estate market through the categorized investment case analysis of apartment complexes, shopping malls, other commercial and industrial properties, hotels and resorts, etc.
In addition, it defines, under the new REITs market, an appropriate role and product plan of a consulting firm and provides some strategic management consulting models which will apply to any Korean REITs markets.
Introduction of REITs has newly expanded management consulting area and it include feasibility analysis of REITs market and related businesses, REITs products planning & development, REITs project financing, asset management and investment consulting for REITs products, sales and marketing, and integrated internet business for REITs market.
Of these vastly expanded area, a management consulting firm should be aware of the specific consulting needs of REITs practitioners and focus on REITs' feasibility analysis, project financing support, product planning & development as well as establishment of basic business strategy for REITs market as a whole.
Finally, this study discussed the importance and appropriate roles of business consulting activities in detail. It not only helps understanding complicated REITs structure but also presents a modified consulting method which can be applied to newly arranged real estate market.

목차 (Table of Contents)

• 제1장 서론 = 1
• 제1절 연구의 목적 = 1
• 제2절 연구의 방법 및 범위 = 2
• 제2장 REITs제도의 시행 = 4
• 제1절 REITs 제도의 개요= 4
• 1. REITs 의 정의 = 4
• 2. REITs 의 특징 = 7
• 3. REITs 의 종류 = 7
• 4. REITs 제도 도입의 필요성 = 13
• 5. 부동산 시장에 미치는 영향 = 15
• 6. REITs 제도의 시행과 기대효과 = 16
• 제2절 선진국의 REITs 시행 사례 = 17
• 1. 미국의 부동산 투자신탁제도(REITs) = 17
• 2. 호주의 부동산 투자신탁증권(LPT) = 27
• 3. 일본의 특정목적회사(SPC) = 32
• 4. 영국의 부동산신탁 = 33
• 5. 정책적 시사점 = 34
• 제3장 REITs의 투자와 컨설 = 36
• 제1절 투자유형별 특징 = 36
• 1. 아파트 = 36
• 2. 대형 쇼핑센터(MALL) = 37
• 3. 사무용 빌딩(Office Building) = 39
• 4. 호텔 및 리조트 = 41
• 5. 산업용 부동산 = 42
• 6. 의료시설 = 43
• 제2절 REITs 의 투자전략 = 44
• 1. 미국의 REITs 투자사례 = 44
• 2. 국내 REITs의 투자전략 = 46
• 제3절 REITs와 컨설팅의 상관관계 = 50
• 1. 미국의 REITs 관련 컨설팅 사례 = 50
• 2. REITs 와 컨설팅 사업 범위 = 52
• 제4장 REITs의 시행과 경영컨설팅의 전략방향 = 57
• 제1절 REITs의 시행과 국내 대응 예시 = 57
• 1. 일반기업 = 57
• 2. 컨설팅사 = 58
• 제2절 REITs의 시행과 경영컨설팅 전략방향 = 66
• 1. REITs 컨설팅의 사업전략 방향 = 66
• 2. REITs 컨설팅 상품화 방안 = 7 0
• 제5장 결론 = 75
• 참고문헌 = 77
• ABSTRACT = 79