售后回租在养老地产中的运作机制研究

发布时间：2018-01-05 00:05

本文关键词：售后回租在养老地产中的运作机制研究　出处：《重庆大学》2013年硕士论文　论文类型：学位论文

【摘要】：人口老龄化是人类社会进入21世纪面临最为严峻的挑战，它带来的人口结构变革将引发社会经济的一系列变化，这些变化使养老产业发展充满了挑战和机遇。面对老龄化的挑战，如何使老人“老有所养、老有所医、老有所学、老有所乐”已引起了社会各界的高度重视。与老年人生活息息相关的住房问题，也同样得到政府以及社会相关机构的关注，养老地产的开发正在成为新的热点。然而，养老地产发展面临着如何开发，如何经营以及怎样融资的诸多问题，在这些诸多问题中寻找合适的融资工具成为解决养老地产开发运营问题的关键。本文旨在研究论证养老地产售后回租模式的运作机制以及可行性。研究建立在养老地产售后回租的三个理论基础之上，通过学习相关文献，总结分析了养老地产开发以及售后回租应用的研究成果和研究方法，进而为本文研究提供了理论研究依据。进入问题分析阶段，在研究养老地产发展现状的过程中，发现并分析了养老地产开发中存在的一些问题。其中融资问题是制约养老地产开发的关键问题，本文给予养老地产开发的融资解决方案，设计了养老地产售后回租的模式，并且系统分析了这种模式的运作流程及相关框架和程序。最后，，本文通过案例的设计阐述并分析了养老地产售后回租的具体应用。本文通过对目前我国养老地产开发现状的分析，发现养老地产开发中最突出的三个问题是：一、资金问题，包括社会资金投入以及企业融资渠道的问题；二、开发模式问题，企业开发的养老地产是持有还是出售的问题；三、运营管理的问题，有关养老地产后期的管理模式的选择问题。本文利用养老地产售后回租模式运作机制的设计，通过融资工具售后回租解决资金问题，进行养老地产租与售的决策分析，提出了养老地产开发的模式，设计了包括管理模式框架、融资框架以及融资交易结构等解决了养老地产的运营管理问题。本文首次提出将融资性售后回租应用于养老地产的开发中，实现了房地产经济的金融资本循环，也开辟了一条养老地产开发的新思路，为企业进行养老地产开发及融资渠道研究提供了参考意见。
[Abstract]:Population aging is the most severe challenge that human society faces in 21th century. It will bring about a series of social and economic changes. These changes make the development of pension industry full of challenges and opportunities. In the face of the challenges of aging, how to make the elderly "the elderly have a sense of security, the elderly have medical care, old learning." The problem of housing, which is closely related to the life of the elderly, has also attracted the attention of the government and social institutions. The development of old-age real estate is becoming a new hot spot. However, the development of pension real estate is faced with many problems, such as how to develop, how to operate and how to raise funds. Among these problems, finding suitable financing tools is the key to solve the problem of development and operation of endowment real estate. The purpose of this paper is to study and demonstrate the operational mechanism and feasibility of the mode of after-sale rent-return of old-age real estate. The study is based on the three theories of the post-sale rent-back of the old-age real estate, and through the study of relevant literature. This paper summarizes and analyzes the research results and research methods of the development of pension real estate and the application of after-sale rent, and then provides the theoretical basis for this study and enters the stage of problem analysis. In the process of studying the present situation of the development of the endowment real estate, we find and analyze some problems in the development of the endowment real estate, among which, the financing problem is the key problem that restricts the development of the endowment real estate. This paper gives the old-age real estate development financing solution, designed the pension real estate after-sale rent model, and systematically analyzed the operation process of this model and related frameworks and procedures. Finally. This paper expounds and analyzes the specific application of the post-sale rent of endowment real estate through the design of a case. Based on the analysis of the current situation of the development of endowment real estate in China, this paper finds that the three most prominent problems in the development of endowment real estate are: first, the capital problem, including the social capital investment and the enterprise financing channel; Second, the issue of development mode, whether the old-age real estate developed by enterprises is owned or sold; Third, the problem of operation and management, about the choice of the management mode in the late stage of the old-age real estate. This paper uses the design of the operation mechanism of the post-sale rent-return mode of the old-age real estate, and solves the problem of the funds through the financing tool. This paper analyzes the decision of rentals and sales of the endowment real estate, puts forward the mode of the development of the endowment real estate, and designs the management model frame, the financing frame and the financing transaction structure to solve the operation and management problems of the pension real estate. For the first time, this paper puts forward the application of financing after-sale rent to the development of pension real estate, realizes the financial capital cycle of real estate economy, and also opens up a new idea for the development of old-age real estate. For the enterprise for the endowment real estate development and financing channels to provide reference advice.
【学位授予单位】：重庆大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F299.23

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