5868, as the first public rental housing REIT project, was officially put on sale on August 16th, China's affordable housing REIT in Beijing (in-house abbreviation: Jingbao REIT code: 5868), with a sale price of 251 yuan/share. According to the sales share of 5 million products, it is estimated that the total raised funds will be 1.255 billion yuan, of which the public investors will sell it.
on August 13th, the inquiry results of Huaxia Beijing affordable housing REIT were released. The offline subscription share participating in the inquiry was 113 times that of the offline sale share, and the number of inquiries was more than 1 times, which reflected the support and recognition of institutional investors for REITs with guaranteed rental housing.
according to the relevant person in charge of the project, in the offline inquiry stage, Huaxia Fund received the inquiry and quotation information of 211 placing objects managed by 71 offline investors through the REITs inquiry and subscription system of Shanghai Stock Exchange, and the total number of planned subscriptions was 15.872 billion, which was 113.37 times of the initial offline offering share (14 million). After excluding invalid quotations, the number of investors with valid quotations for this offline offering is 69, the number of placing objects under management is 29, and the total number of valid subscriptions is 15.72 billion.
public investors can subscribe for fund shares on or off the market. When an investor subscribes on the market through a member unit of the Shanghai Stock Exchange with fund sales qualifications, the single minimum subscription amount is 1 yuan, and if it exceeds 1 yuan, it should be an integer multiple of 1 yuan; When investors subscribe over the counter, that is, through fund managers' direct selling institutions (including direct selling counters and electronic trading platforms) and consignment agencies, the minimum subscription amount for each subscription is 1 yuan. According to the calculation of the amount available for distribution disclosed in the prospectus of Beijing Insurance REIT, the cash distribution rate predicted by Beijing Insurance REIT from September 1, 222 to December 31, 222 is 3.95% (annualized), and the cash distribution rate predicted in 223 is 3.95%. It is reported that Beijing Affordable Housing Center Co., Ltd., the original owner of Jingbao REIT, is the largest platform for the implementation and landing of housing security policies in Beijing. The underlying assets of Jingbao REIT are two public rental housing projects in Wenlong Jiayuan, Haidian District, Beijing and Xiyue Shangjun, Chaoyang District, which are representative public rental housing projects in Beijing. The total construction area of the two projects is about 112,8 square meters, with 2,168 sets of rentable houses, with a total valuation of about 1.151 billion yuan.
what are REITs:
REITs? That is, real estate trust and investment fund is a kind of trust fund that collects funds through issuing shares or beneficiary certificates, is managed by a special fund custodian, and entrusts a special investment institution to manage real estate investment, and distributes the comprehensive investment income to investors in proportion.
Legal basis:
Interim Measures for the Supervision and Administration of Private Investment Funds
Article 1 In order to standardize the activities of private investment funds, protect the legitimate rights and interests of investors and related parties, and promote the healthy development of the private investment fund industry, these Measures are formulated in accordance with the Securities Investment Fund Law and Several Opinions of the State Council on Further Promoting the Healthy Development of the Capital Market.