The second boom in REITs occurred after 1986.

EITs的第二次繁荣在1986年后

These are called REITs, Real Estate Investment Trusts.

房地产投资信托基金也简称reits。

We will study how to use REITs to make more benefit in our legal system.

我们要研究投资者如何在法律规定的框架内，利用房地产投资信托获得更多的收益。

It's not just a bubble; it's also that REITs began to be more diversified.

这不单单是一场泡沫，REIT也开始更多样化。

They have many different kinds of REITs for different kinds of real estate.

针对不同的房地产市场,人们制造了很多不同的REITs

Larger REITs and listed developers managed to raise equity during the crisis.

规模较大的REIT和上市开发商在金融危机期间成功增发股票。

An example of rental real estate owned by REITS would be apartment buildings.

房地产投资信托基金所持的租赁物业，举例说明之，可以是公寓楼。

So, a lot of people switched from savings accounts to REITs -that's called disintermediation.

于是很多人把钱从储蓄账户转向REITs,这被称为去中介化

They wanted REITs to be companies that just owned real estate and Wal-Mart is primarily a retailer.

EITs应是只持有房地产的公司,而沃尔玛主要经营零售

An intermediary is a bank, so when they pull out of banks they were disintermediating and going from banks into REITs.

这里的中介就是指银行,所以人们将资金从银行转向REITs,就是去中介化

In particular, real estate investment trusts (REITs) emerged as a universally popular investment vehicle for HNWIs.

尤其是房地产投资信托基金受到了百万富翁的普遍欢迎。

Volatility: aligned to property investment product marketplace i. e. public equity (REITS) linked to stock market movement.

波动性：短期来看，与股票市场非常相关连，譬如房地产投资信托基金与股票市场。

REITs allowed investors to get out of their holdings if they wanted; they have been able to recapitalise pretty swiftly, too.

如果投资者想抛售手中持有的房地产投资信托基金的话，他们随时都可以在交易市场上出售以套现，这样投资者将得以极其迅速的进行再融资。

A concrete analysis is made in the second part on the special legal relations in REITs in accordance with the stipulations of Trust Law.

第二部分根据《信托法》理论，对房地产投资信托中特殊的信托法律关系做具体的分析。

Yields on the most commonly held American REITS are lower than those on treasury bonds, while prime British properties yield less than gilts.

最普遍持有的美国不动产投资信托的收益已经低于国债，同时英国最好的地产的收益率也已经低于金边债券。

Real estate investment trusts, or REITs, can be a convenient way for the average investor to profit without the hassle of direct property acquisition.

房地产投资信托基金，REITS，能够成为普通投资者从直接的物业收购交易中毫无烦恼地获利的方便之选。

REITS can be publicly traded, which means they have a ticker symbol, and you could easily look up their share price and dividend yield on the Internet.

房地产投资信托基金可以上市交易，这意味着其拥有一个股票代码，你可以很容易在互联网上查看其股价和分红情况。

An example of commercial real estate owned by REITs would be large, multi-floor office buildings, often used as headquarters for medium to large sized companies.

房地产投资信托基金所持的商业物业，举例说明之，可以是大型、多层的办公楼，主要用于中大型公司企业的总部办公室。

S. legal environment is completely different from the current legal environment in China. REITs is not really fit the system of graft in China's national conditions.

美国的法律环境完全不同于中国现阶段的法律环境，纯粹的制度移植无法真正契合中国的国情。

Those in listed REITs were able to sell out more quickly than those in unlisted vehicles; larger REITs and listed developers managed to raise equity during the crisis.

与未上市的房产相比，上市REIT的产品能够更快售罄。规模较大的REIT和上市开发商在金融危机期间成功增发股票。

Real estate trusts are the earliest and typical forms of real estate finance, and real estate investment trusts (REITs) (fund) are widespread in Western countries' real estate trust industry.

房地产信托是房地产金融业务的最早形式和典型形式，房地产信托投资(基金)是当代西方国家房地产信托业务的普遍形态。

The fourth part is risk control, it includes three parts, risk prevention, risk-sharing and internal control mechanism, provide kinds of recommendations to the risk management of the REITs in china.

第四部分，风险控制，从风险防范、风险分担和内控机制三个角度展开分析，为我国房地产信托投资基金的风险研究提供了可借鉴的思路；