Real Estate Crowdfunding versus Open Property Funds. Evidence from Switzerland

      Аннотация: Crowdfunding in the real estate industry promotes investments in real estate projects in exchange for equity, profit, and revenue sharing. The centrepiece of this thesis proves that the benefits of this investment type are on par with that of an open property fund in Switzerland. So far, no such comparison has yet been drawn in existing research and academic literature. This thesis therefore cross-compares the two methods of real estate investments, based on the transaction cost theory, and the two methods’ respective risk profiles. As such, two case studies and a few selected interviews are provided.

Ключевые слова: Crowdinvesting, Transaction Cost Theory, Transaction Costs, Open Property Funds, JOBS Act