现在的地产基金市场很大程度上是由高净值个人在进行支撑,糟糕的一个结果是会导致房地产基金市场变成银行业务的异化,某种程序像放高利贷。夹层融资,债券融资等等,基本上是短期的固定回报。另一方面,个人投资者往往对项目管理介入大,基金管理者的价值就很体现出来。 The current real estate fund market is largely backed by high-net-worth individuals, and the worst result is the alienation of the real estate fund market into banking operations, some of which are like usury. Mezzanine financing, bond financing, etc., are basically short-term fixed returns. On the other hand, individual investors tend to be involved in project management, and the value of fund managers is reflected.