Real estate investment trust (REITs, the same below) is a typical form of real estate securitization, real estate industry and financial markets to the mature stage of the development of modern financial product innovation.

• 房地产投资信托(Real Estate Investment Trust,REITs,下同)是房地产证券化的一种典型形式,是房地产行业和会融市场发展到成熟阶段时现代金融创新的产物。