Abstract

Due to the fact that real estate is the leading store of wealth, real estate investment funds (REIFs) are among the leading "alternative investment instruments", which have rapidly gained importance in recent years. Real estate investments have some advantages as well as negative features to some of which REIFs provide solutions. The main purpose of our study is to put forward suggestions for the development of REIFs, which have been included in our legislation since 2014 and whose number and total fund value have increased remarkably in recent years. These suggestions have been established by means of analyzing the data obtained via face-to-face surveys among the executives of the portfolio management companies that found REIFs. Given both the comprehensive inclusion of the companies that represent almost the entire market into the research and the level of expertise of the participants on REIFs, our research data and results are significant.