The investment risks of real estate funds include: operational risk, financial risk, liquidity risk, inflation risk, management risk, interest rate risk, policy and regulation risk and environmental risk.
Internal control measures of real estate funds
The internal control measures of the fund include: feasibility study, internal risk control, making investment decision-making process of real estate real estate fund, setting up investment decision-making committee and risk control committee.
The pre-investment risks of real estate investment funds are mainly caused by information asymmetry. The formation of risk prevention measures in this period should be based on how to ensure that real estate investment funds can obtain complete and accurate information from entrepreneurs and investment enterprises as much as possible. Only by proving that institutional assets can be authorized to operators can we rely on them to bring maximum benefits to real estate investment funds. Therefore, it is necessary to take the following risk management measures: with the help of business plan, due diligence, evaluation and service of professional intermediary service companies, promotion of intermediary institutions and adoption of combination strategy.
The risk of real estate investment fund investment mainly comes from the information asymmetry afterwards and the moral hazard caused by it, and the risk of investment itself should be considered at the same time. In the face of possible risks, real estate investment funds should take the following measures: using the investment agreement signed by both parties to prevent risks, the fund manager's monitoring mechanism for real estate enterprises and default relief.
Financial management mode of real estate fund
The financial management modes of real estate funds include: single direct management mode, joint contract management mode, agency bookkeeping mode, complete audit mode and internal audit mode.