Real estate private equity funds (or real estate equity investment funds) should fully consider the exit mode when making investment decisions on selected projects, and what measures will be taken to ensure the safe recovery of funds if they cannot withdraw on time. The fund management company will design a safe exit mode according to the characteristics of the project and report it to the investment decision-making Committee for approval before implementation. The exit methods of real estate private equity funds generally include the following five types:

(1) Selling shares in the capital market: This method is aimed at the fund's investment in the real estate company to be listed.

(2) Liquidation of real estate investment projects: participate in investing in a real estate project as a shareholder. After the project is completed and sold, the fund will recover the investment cost and distribute the profits according to the investment proportion.

(3) The original shareholder promised to buy back: the fund signed an agreement with the original shareholder at the beginning of the investment to determine the repurchase method (such as repurchase time and repurchase price), which is a common form for the fund to withdraw from the project.

(4) Inter-enterprise M&A: When the interested third party and the shareholders of the invested enterprise reach an agreement through consultation, the fund will withdraw.

(5) Exit by combining two or more of the above methods: if it can be listed within the agreed time limit, it will exit through the capital market; If it cannot be listed within the time limit, the original shareholders will return the equity held by the repurchase fund according to the annual agreement.