{"id":31823,"date":"2026-10-02T09:50:41","date_gmt":"2026-10-02T00:50:41","guid":{"rendered":"https:\/\/official.gfs.tokyo\/blog\/?p=31823"},"modified":"2026-10-02T09:50:41","modified_gmt":"2026-10-02T00:50:41","slug":"ue-the-ultimate-guide-to-j-reit-investing","status":"publish","type":"post","link":"https:\/\/official.gfs.tokyo\/blog\/ue-the-ultimate-guide-to-j-reit-investing","title":{"rendered":"\u30102026\u5e74\u6700\u65b0\u3011J-REIT\u6295\u8cc7\u306e\u5b8c\u5168\u653b\u7565\uff01\u5229\u56de\u308a\u306e\u4ed5\u7d44\u307f\u30fb\u8ca1\u52d9\u5206\u6790\u30fb\u304a\u3059\u3059\u3081\u9298\u67c4\u30fb\u30d0\u30ea\u30e5\u30fc\u30c8\u30e9\u30c3\u30d7\u56de\u907f\u307e\u3067\u89e3\u8aac"},"content":{"rendered":"<h2 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class=\"wp-image-2102 alignnone\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/03\/yuichiro_ichikawa.jpg 700w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/03\/yuichiro_ichikawa-300x300.jpg 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2022\/03\/yuichiro_ichikawa-150x150.jpg 150w\" sizes=\"(max-width: 110px) 100vw, 110px\" \/>\u3000<strong>\u76e3\u4fee\u8005\uff1a\u5e02\u5ddd\u96c4\u4e00\u90ce\u3000<\/strong><br \/>\n<span style=\"font-size: 10pt;\"><a href=\"https:\/\/official.gfs.tokyo\/\">GFS<\/a>\u6821\u9577\u3002CFP\u00ae\u30021\u7d1a\u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30fb\u30d7\u30e9\u30f3\u30cb\u30f3\u30b0\u6280\u80fd\u58eb(\u8cc7\u7523\u8a2d\u8a08\u63d0\u6848\u696d\u52d9)\u3002<a href=\"https:\/\/www.jafp.or.jp\/\">\u65e5\u672cFP\u5354\u4f1a<\/a>\u4f1a\u54e1\u3002\u65e5\u672cFP\u5b66\u4f1a\u4f1a\u54e1\u3002\u00a0<a href=\"https:\/\/mba.globis.ac.jp\/\">\u30b0\u30ed\u30fc\u30d3\u30b9\u7d4c\u55b6\u5927\u5b66\u9662<\/a>\u4fee\u4e86(MBA\/\u7d4c\u55b6\u5b66\u4fee\u58eb)\u3002<\/span><br \/>\n<span style=\"font-size: 10pt;\">\u65e5\u672c\u306eFP\u306e\u5148\u99c6\u8005\u3068\u3057\u3066\u8cc7\u7523\u904b\u7528\u306e\u5553\u8499\u306b\u5f93\u4e8b\u3002\u30bd\u30d5\u30c8\u30d0\u30f3\u30af\u30b0\u30eb\u30fc\u30d7\u304c\u5275\u8a2d\u3057\u305f\u79c1\u7acb<a href=\"https:\/\/www.cyber-u.ac.jp\/teacher\/ichikawa_yuichiro.html\">\u30b5\u30a4\u30d0\u30fc\u5927\u5b66<\/a>\u3067\u6559\u97ad\u3092\u57f7\u308b\u307b\u304b\u3001\u8b1b\u6f14\u4f9d\u983c\u3001\u30e1\u30c7\u30a3\u30a2\u51fa\u6f14\u3082\u591a\u6570\u3002\u8457\u66f8\u306b<a href=\"https:\/\/www.amazon.co.jp\/%E6%8A%95%E8%B3%87%E3%81%A7%E5%88%A9%E7%9B%8A%E3%82%92%E5%87%BA%E3%81%97%E3%81%A6%E3%81%84%E3%82%8B%E4%BA%BA%E3%81%9F%E3%81%A1%E3%81%8C%E5%A4%A7%E4%BA%8B%E3%81%AB%E3%81%97%E3%81%A6%E3%81%84%E3%82%8B-45%E3%81%AE%E6%95%99%E3%81%88-%E5%B8%82%E5%B7%9D-%E9%9B%84%E4%B8%80%E9%83%8E\/dp\/4532358825\">\u300c\u6295\u8cc7\u3067\u5229\u76ca\u3092\u51fa\u3057\u3066\u3044\u308b\u4eba\u305f\u3061\u304c\u5927\u4e8b\u306b\u3057\u3066\u3044\u308b 45\u306e\u6559\u3048\u300d\uff08\u65e5\u672c\u7d4c\u6e08\u65b0\u805e\u51fa\u7248\uff09<\/a><\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-size: 10pt;\">\u516c\u5f0fX \u30a2\u30ab\u30a6\u30f3\u30c8\u3000<a href=\"https:\/\/twitter.com\/ichikawa_toushi\">\u5e02\u5ddd\u96c4\u4e00\u90ce@\u304a\u91d1\u306e\u5b66\u6821 \u6821\u9577<\/a><\/span><\/p>\n<\/div>\n<\/div>\n<h2 data-path-to-node=\"4\">\u7b2c1\u7ae0\uff1aJ-REIT\u5229\u56de\u308a\u306e\u57fa\u672c\u69cb\u9020\u3068\u73fe\u72b6<\/h2>\n<h3 data-path-to-node=\"5\">1-1. J-REIT\u306e\u5e73\u5747\u5229\u56de\u308a\u3068\u5e02\u5834\u3067\u306e\u6c34\u6e96<\/h3>\n<p data-path-to-node=\"6\">J-REIT\u306e\u5206\u914d\u91d1\u5229\u56de\u308a\u306f\u3001\u682a\u5f0f\u306e\u300c\u914d\u5f53\u5229\u56de\u308a\u300d\u306b\u76f8\u5f53\u3059\u308b\u6307\u6a19\u3067\u3042\u308a\u3001\u6295\u8cc7\u984d\u306b\u5bfe\u3057\u30661\u5e74\u9593\u3067\u3069\u308c\u304f\u3089\u3044\u306e\u5206\u914d\u91d1\u304c\u5f97\u3089\u308c\u308b\u304b\u3092\u793a\u3057\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"7\">\u5168\u4f53\u306e\u5e73\u5747\u5206\u914d\u91d1\u5229\u56de\u308a\u306f<b data-path-to-node=\"7\" data-index-in-node=\"12\">\u304a\u304a\u3080\u306d 4.5%\u301c5.0% \u524d\u5f8c<\/b>\u3067\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u6771\u8a3c\u30d7\u30e9\u30a4\u30e0\u5e02\u5834\u306b\u4e0a\u5834\u3059\u308b\u682a\u5f0f\u306e\u5e73\u5747\u914d\u5f53\u5229\u56de\u308a\uff08\u7d042%\u53f0\uff09\u3084\u3001\u65e5\u672c\u56fd\u50b5\u306e\u5229\u56de\u308a\uff081%\u524d\u5f8c\uff09\u3068\u6bd4\u8f03\u3057\u3066\u3082\u6975\u3081\u3066\u9ad8\u6c34\u6e96\u3067\u3059\u3002<\/p>\n<h3 data-path-to-node=\"8\">1-2. \u306a\u305cJ-REIT\u306f\u9ad8\u5229\u56de\u308a\u3092\u5b9f\u73fe\u3067\u304d\u308b\u306e\u304b\uff1f<\/h3>\n<p data-path-to-node=\"9\">J-REIT\u304c\u3053\u308c\u307b\u3069\u9ad8\u3044\u5206\u914d\u91d1\u3092\u6295\u8cc7\u5bb6\u306b\u9084\u5143\u3067\u304d\u308b\u80cc\u666f\u306b\u306f\u3001<b data-path-to-node=\"9\" data-index-in-node=\"31\">\u300c\u6cd5\u4eba\u7a0e\u306e\u514d\u9664\u63aa\u7f6e\u300d\u3068\u3044\u3046\u7a0e\u5236\u4e0a\u306e\u69cb\u9020\u7684\u7406\u7531<\/b>\u304c\u5b58\u5728\u3057\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"10\">\u4e00\u822c\u7684\u306a\u4e0a\u5834\u4f01\u696d\uff08\u682a\u5f0f\u4f1a\u793e\uff09\u306f\u3001\u4e8b\u696d\u6d3b\u52d5\u306b\u3088\u3063\u3066\u5f97\u305f\u5229\u76ca\u306b\u5bfe\u3057\u3066\u6cd5\u4eba\u7a0e\u304c\u8ab2\u3055\u308c\u305f\u5f8c\u3001\u6b8b\u3063\u305f\u5f53\u671f\u7d14\u5229\u76ca\u306e\u4e00\u90e8\u3092\u682a\u4e3b\u306b\u914d\u5f53\u3057\u3001\u6b8b\u308a\u3092\u5185\u90e8\u7559\u4fdd\u3068\u3057\u3066\u4f01\u696d\u5185\u306b\u84c4\u7a4d\u3057\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"11\">\u4e00\u65b9\u3001J-REIT\u3092\u904b\u55b6\u3059\u308b\u300c\u6295\u8cc7\u6cd5\u4eba\u300d\u306f\u3001\u6cd5\u4eba\u7a0e\u6cd5\u4e0a\u306e\u512a\u9047\u898f\u5b9a\u306b\u3088\u308a\u3001<b data-path-to-node=\"11\" data-index-in-node=\"36\">\u300c\u5f53\u671f\u5229\u76ca\u306e90%\u8d85\u3092\u6295\u8cc7\u5bb6\u306b\u5206\u914d\u91d1\u3068\u3057\u3066\u652f\u6255\u3046\u300d\u3068\u3044\u3063\u305f\u4e00\u5b9a\u306e\u8981\u4ef6\u3092\u6e80\u305f\u3059\u3053\u3068\u3067\u3001\u6cd5\u4eba\u7a0e\u304c\u5b9f\u8cea\u7684\u306b\u975e\u8ab2\u7a0e<\/b>\u3068\u306a\u308a\u307e\u3059\u3002\u4f01\u696d\u306e\u3088\u3046\u306b\u5185\u90e8\u7559\u4fdd\u3092\u6e9c\u3081\u8fbc\u307e\u305a\u3001\u4e0d\u52d5\u7523\u304b\u3089\u5f97\u3089\u308c\u308b\u8cc3\u6599\u53ce\u5165\u306e\u307b\u307c\u5168\u984d\uff08\u5229\u76ca\uff09\u3092\u76f4\u63a5\u6295\u8cc7\u5bb6\u306b\u5206\u914d\u3059\u308b\u305f\u3081\u3001\u5e38\u306b\u9ad8\u3044\u5229\u56de\u308a\u3092\u7dad\u6301\u3067\u304d\u308b\u4ed5\u7d44\u307f\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"12\">1-3. J-REIT\u5229\u56de\u308a\u306e\u8a08\u7b97\u65b9\u6cd5\u3068\u6ce8\u610f\u70b9<\/h3>\n<p data-path-to-node=\"13\">J-REIT\u306e\u5229\u56de\u308a\u306f\u3001\u682a\u5f0f\u306e\u682a\u4fa1\u306b\u76f8\u5f53\u3059\u308b\u300c\u6295\u8cc7\u53e3\u4fa1\u683c\uff08\u3068\u3046\u3057\u306e\u304f\u304b\u304b\u304f\uff09\u300d\u3092\u7528\u3044\u3066\u4ee5\u4e0b\u306e\u5f0f\u3067\u7b97\u51fa\u3057\u307e\u3059\u3002<\/p>\n<div data-path-to-node=\"14\">\n<div class=\"math-block\" data-math=\"\\text{\u5206\u914d\u91d1\u5229\u56de\u308a (\\%)} = \\frac{\\text{\u5e74\u9593\u4e88\u60f3\u5206\u914d\u91d1}}{\\text{\u73fe\u5728\u306e\u6295\u8cc7\u53e3\u4fa1\u683c}} \\times 100\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.21.32.png\" alt=\"\" width=\"437\" height=\"77\" class=\"aligncenter  wp-image-31852\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.21.32.png 874w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.21.32-300x53.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.21.32-768x135.png 768w\" sizes=\"(max-width: 437px) 100vw, 437px\" \/><\/div>\n<\/div>\n<p 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data-index-in-node=\"0\">\u696d\u7e3e\u5411\u4e0a\u578b\uff08\u30dd\u30b8\u30c6\u30a3\u30d6\u306a\u5229\u56de\u308a\u4e0a\u6607\uff09<\/b>\uff1a\u4e0d\u52d5\u7523\u306e\u8cc3\u6599\u5f15\u304d\u4e0a\u3052\u3084\u7a3c\u50cd\u7387\u5411\u4e0a\u306b\u3088\u308a\u3001\u5206\u5b50\uff08\u5206\u914d\u91d1\uff09\u304c\u5897\u52a0\u3057\u3066\u5229\u56de\u308a\u304c\u4e0a\u304c\u308b\u30b1\u30fc\u30b9\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"16,1,0\"><b data-path-to-node=\"16,1,0\" data-index-in-node=\"0\">\u4fa1\u683c\u6025\u843d\u578b\uff08\u30cd\u30ac\u30c6\u30a3\u30d6\u306a\u5229\u56de\u308a\u4e0a\u6607\uff09<\/b>\uff1a\u696d\u7e3e\u306e\u60aa\u5316\u3001\u8ca1\u52d9\u4e0d\u5b89\u3001\u3042\u308b\u3044\u306f\u7a7a\u5ba4\u7387\u4e0a\u6607\u306e\u61f8\u5ff5\u304b\u3089\u5e02\u5834\u3067\u58f2\u5374\u3055\u308c\u3001\u5206\u6bcd\uff08\u6295\u8cc7\u53e3\u4fa1\u683c\uff09\u304c\u5c0f\u3055\u304f\u306a\u3063\u305f\u3053\u3068\u3067\u300c\u898b\u305f\u76ee\u4e0a\u306e\u5229\u56de\u308a\u300d\u304c\u8df3\u306d\u4e0a\u304c\u3063\u3066\u3044\u308b\u30b1\u30fc\u30b9\u3002<\/p>\n<\/li>\n<\/ol>\n<p data-path-to-node=\"17\">\u898b\u304b\u3051\u4e0a\u306e\u5229\u56de\u308a\u304c6%\u301c7%\u3092\u8d85\u3048\u3066\u3044\u308b\u3088\u3046\u306a\u6975\u7aef\u306a\u9ad8\u5229\u56de\u308a\u9298\u67c4\u306f\u3001\u4fa1\u683c\u6025\u843d\u30ea\u30b9\u30af\u3084\u6e1b\u914d\u61f8\u5ff5\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u305f\u3081\u3001\u5fc5\u305a\u88cf\u306b\u3042\u308b\u8981\u56e0\u3092\u78ba\u8a8d\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<h2 data-path-to-node=\"19\">\u7b2c2\u7ae0\uff1a\u30a2\u30bb\u30c3\u30c8\uff08\u7528\u9014\uff09\u5225\u306e\u5229\u56de\u308a\u50be\u5411\u3068\u30ea\u30b9\u30af\u7279\u6027<\/h2>\n<p data-path-to-node=\"20\">J-REIT\u304c\u7d44\u307f\u8fbc\u3093\u3067\u3044\u308b\u4e0d\u52d5\u7523\u306e\u7a2e\u985e\uff08\u30a2\u30bb\u30c3\u30c8\u30bf\u30a4\u30d7\uff09\u306b\u3088\u3063\u3066\u3001\u53ce\u76ca\u306e\u5b89\u5b9a\u5ea6\u3084\u5229\u56de\u308a\u6c34\u6e96\u306f\u5927\u304d\u304f\u7570\u306a\u308a\u307e\u3059\u3002\u4ee3\u8868\u7684\u306a5\u3064\u306e\u30a2\u30bb\u30c3\u30c8\u30bf\u30a4\u30d7\u306e\u7279\u5fb4\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n<table data-path-to-node=\"21\">\n<thead>\n<tr>\n<td><strong>\u4e0d\u52d5\u7523\u30bf\u30a4\u30d7<\/strong><\/td>\n<td><strong>\u5e73\u5747\u7684\u306a\u5229\u56de\u308a\u50be\u5411<\/strong><\/td>\n<td><strong>\u7279\u5fb4\u3068\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u69cb\u9020<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"21,1,0,0\"><b data-path-to-node=\"21,1,0,0\" data-index-in-node=\"0\">\u30ec\u30b8\u30c7\u30f3\u30b9\uff08\u4f4f\u5b85\u578b\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"21,1,1,0\"><b data-path-to-node=\"21,1,1,0\" data-index-in-node=\"0\">\u6bd4\u8f03\u7684\u4f4e\u3044\u301c\u6a19\u6e96<\/b>\uff084.0%\u301c4.5%\u7a0b\u5ea6\uff09<\/span><\/td>\n<td><span data-path-to-node=\"21,1,2,0\">\u500b\u4eba\u5411\u3051\u306e\u8cc3\u8cb8\u30de\u30f3\u30b7\u30e7\u30f3\u304c\u4e2d\u5fc3\u3002\u666f\u6c17\u5909\u52d5\u306b\u5de6\u53f3\u3055\u308c\u306b\u304f\u304f\u5bb6\u8cc3\u53ce\u5165\u304c\u6975\u3081\u3066\u5b89\u5b9a\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"21,2,0,0\"><b data-path-to-node=\"21,2,0,0\" data-index-in-node=\"0\">\u7269\u6d41\u65bd\u8a2d\u578b<\/b><\/span><\/td>\n<td><span data-path-to-node=\"21,2,1,0\"><b data-path-to-node=\"21,2,1,0\" data-index-in-node=\"0\">\u6bd4\u8f03\u7684\u4f4e\u3044\u301c\u6a19\u6e96<\/b>\uff084.2%\u301c4.8%\u7a0b\u5ea6\uff09<\/span><\/td>\n<td><span data-path-to-node=\"21,2,2,0\">E\u30b3\u30de\u30fc\u30b9\u9700\u8981\u304c\u80cc\u666f\u300210\u5e74\u8d85\u306e\u9577\u671f\u5b9a\u671f\u501f\u5bb6\u5951\u7d04\u304c\u591a\u304f\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u4e88\u6e2c\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"21,3,0,0\"><b data-path-to-node=\"21,3,0,0\" data-index-in-node=\"0\">\u30aa\u30d5\u30a3\u30b9\u30d3\u30eb\u578b<\/b><\/span><\/td>\n<td><span data-path-to-node=\"21,3,1,0\"><b data-path-to-node=\"21,3,1,0\" data-index-in-node=\"0\">\u6a19\u6e96\u301c\u3084\u3084\u9ad8\u3044<\/b>\uff084.5%\u301c5.5%\u7a0b\u5ea6\uff09<\/span><\/td>\n<td><span data-path-to-node=\"21,3,2,0\">J-REIT\u306e\u4e2d\u5fc3\u7684\u306a\u5b58\u5728\u3002\u666f\u6c17\u62e1\u5927\u671f\u306b\u306f\u8cc3\u6599\u5f15\u304d\u4e0a\u3052\u304c\u671f\u5f85\u3067\u304d\u308b\u4e00\u65b9\u3001\u7a7a\u5ba4\u7387\u5897\u52a0\u3084\u666f\u6c17\u6e1b\u901f\u306e\u5f71\u97ff\u3092\u53d7\u3051\u3084\u3059\u3044\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"21,4,0,0\"><b data-path-to-node=\"21,4,0,0\" data-index-in-node=\"0\">\u30db\u30c6\u30eb\u30fb\u89b3\u5149\u65bd\u8a2d\u578b<\/b><\/span><\/td>\n<td><span data-path-to-node=\"21,4,1,0\"><b data-path-to-node=\"21,4,1,0\" data-index-in-node=\"0\">\u9ad8\u3044<\/b>\uff085.5%\u301c7.0%+\uff09<\/span><\/td>\n<td><span data-path-to-node=\"21,4,2,0\">\u30a4\u30f3\u30d0\u30a6\u30f3\u30c9\u3084\u89b3\u5149\u9700\u8981\u306b\u4f9d\u5b58\u3002\u6b69\u5408\u8cc3\u6599\u304c\u591a\u3044\u305f\u3081\u9700\u8981\u65fa\u76db\u6642\u306f\u5206\u914d\u91d1\u304c\u5897\u3048\u308b\u304c\u3001\u666f\u6c17\u5f8c\u9000\u671f\u306e\u6e1b\u914d\u30ea\u30b9\u30af\u3082\u5927\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"21,5,0,0\"><b data-path-to-node=\"21,5,0,0\" data-index-in-node=\"0\">\u7dcf\u5408\u30fb\u8907\u5408\u578b<\/b><\/span><\/td>\n<td><span data-path-to-node=\"21,5,1,0\"><b data-path-to-node=\"21,5,1,0\" data-index-in-node=\"0\">\u6a19\u6e96<\/b>\uff084.5%\u301c5.5%\u7a0b\u5ea6\uff09<\/span><\/td>\n<td><span data-path-to-node=\"21,5,2,0\">\u30aa\u30d5\u30a3\u30b9\u3001\u4f4f\u5b85\u3001\u5546\u696d\u65bd\u8a2d\u306a\u3069\u8907\u6570\u306e\u7528\u9014\u306b\u30d0\u30e9\u30f3\u30b9\u3088\u304f\u6295\u8cc7\u3057\u3001\u5358\u4e00\u4e0d\u6cc1\u306e\u30ea\u30b9\u30af\u3092\u76f8\u6bba\u3059\u308b\u69cb\u9020\u3002<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 data-path-to-node=\"23\">\u7b2c3\u7ae0\uff1a\u65e5\u672c\u306e\u91d1\u5229\u4e0a\u6607\u304cJ-REIT\u306b\u4e0e\u3048\u308b\u5f71\u97ff<\/h2>\n<p data-path-to-node=\"24\">\u65e5\u672c\u9280\u884c\u306e\u653f\u7b56\u91d1\u5229\u5f15\u304d\u4e0a\u3052\u3084\u9577\u671f\u91d1\u5229\u306e\u4e0a\u6607\u306f\u3001J-REIT\u306e\u4fa1\u683c\u30fb\u5229\u56de\u308a\u30fb\u5206\u914d\u91d1\u306b\u5bfe\u3057\u3066\u69cb\u9020\u7684\u306a\u5f71\u97ff\u3092\u3082\u305f\u3089\u3057\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"25\">3-1. \u91d1\u5229\u4e0a\u6607\u306e\u30e1\u30ab\u30cb\u30ba\u30e0\u30683\u3064\u306e\u30eb\u30fc\u30c8<\/h3>\n<p><response-element class=\"no-md\" ng-version=\"0.0.0-PLACEHOLDER\"><code-block _nghost-ng-c70665899=\"\" class=\"ng-tns-c70665899-3412 enable-luminous-code-block ng-star-inserted\"><\/code-block><\/response-element><\/p>\n<div _ngcontent-ng-c70665899=\"\" class=\"code-block ng-tns-c70665899-3412 ng-animate-disabled ng-trigger ng-trigger-codeBlockRevealAnimation\" jslog=\"223238;track:impression,attention;BardVeMetadataKey:W1sicl8yYjMzMjdlMWM3NjlkYjEyIiwiY184NGU0NDJjNTk2OGQ0NDUzIixudWxsLCJyY18yNTE2MTg0ODY3NjY1YTEzIixudWxsLG51bGwsImphIixudWxsLDEsbnVsbCxudWxsLDEsMF1d\">\n<div _ngcontent-ng-c70665899=\"\" class=\"formatted-code-block-internal-container ng-tns-c70665899-3412\">\n<div _ngcontent-ng-c70665899=\"\" class=\"animated-opacity ng-tns-c70665899-3412\">\n<pre _ngcontent-ng-c70665899=\"\" class=\"ng-tns-c70665899-3412\"><code _ngcontent-ng-c70665899=\"\" role=\"text\" data-test-id=\"code-content\" class=\"code-container formatted ng-tns-c70665899-3412 no-decoration-radius\">\u91d1\u5229\u4e0a\u6607\r\n \u251c\u2500\u2460 \u501f\u5165\u91d1\u5229\uff08\u5229\u606f\u8ca0\u62c5\uff09\u306e\u5897\u52a0 \u2500\u2500\u2192 \u5206\u914d\u91d1\u306e\u62bc\u3057\u4e0b\u3052\u8981\u56e0\uff08\u30de\u30a4\u30ca\u30b9\uff09\r\n \u251c\u2500\u2461 \u30a4\u30fc\u30eb\u30c9\u30ae\u30e3\u30c3\u30d7\u306e\u7e2e\u5c0f \u2500\u2500\u2500\u2500\u2500\u2192 \u6295\u8cc7\u9b45\u529b\u4f4e\u4e0b\u30fb\u58f2\u5374\u5727\u529b\uff08\u4fa1\u683c\u4e0b\u843d\uff09\r\n \u2514\u2500\u2462 \u30a4\u30f3\u30d5\u30ec\uff08\u597d\u666f\u6c17\uff09\u306e\u4f34\u3046\u4e0a\u6607 \u2500\u2500\u2192 \u8cc3\u6599\u6539\u5b9a\u306b\u3088\u308b\u5206\u914d\u91d1\u5897\u52a0\uff08\u30d7\u30e9\u30b9\uff09\r\n<\/code><\/pre>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<h4 data-path-to-node=\"27\">\u2460 \u501f\u5165\u30b3\u30b9\u30c8\uff08\u652f\u6255\u5229\u606f\uff09\u306e\u5897\u52a0\u3010\u5206\u914d\u91d1\u3078\u306e\u30de\u30a4\u30ca\u30b9\u8981\u56e0\u3011<\/h4>\n<p data-path-to-node=\"28\">J-REIT\u306f\u7dcf\u8cc7\u7523\u306e\u591a\u304f\u3092\u9280\u884c\u304b\u3089\u306e\u501f\u5165\u91d1\uff08\u6709\u5229\u5b50\u8ca0\u50b5\uff09\u3067\u8abf\u9054\u3057\u3066\u7269\u4ef6\u3092\u8cfc\u5165\u3057\u3066\u3044\u307e\u3059\u3002\u91d1\u5229\u304c\u4e0a\u304c\u308b\u3068\u3001\u501f\u63db\u6642\u306b\u501f\u5165\u91d1\u5229\u304c\u4e0a\u6607\u3057\u3001\u652f\u6255\u5229\u606f\u304c\u5897\u52a0\u3057\u307e\u3059\u3002\u3053\u308c\u306f\u6295\u8cc7\u5bb6\u306b\u914d\u308b\u5206\u914d\u91d1\u3092\u76f4\u63a5\u524a\u308b\uff08\u6e1b\u914d\uff09\u5727\u8feb\u8981\u56e0\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<h4 data-path-to-node=\"29\">\u2461 \u30a4\u30fc\u30eb\u30c9\u30ae\u30e3\u30c3\u30d7\u306e\u7e2e\u5c0f\u306b\u3088\u308b\u58f2\u308a\u5727\u529b\u3010\u4fa1\u683c\u4e0b\u843d\u8981\u56e0\u3011<\/h4>\n<p data-path-to-node=\"30\">\u6295\u8cc7\u5bb6\u306f\u3001\u300c\u7121\u30ea\u30b9\u30af\u8cc7\u7523\u3067\u3042\u308b10\u5e74\u56fd\u50b5\u306e\u5229\u56de\u308a\u300d\u3068\u300cJ-REIT\u306e\u5206\u914d\u91d1\u5229\u56de\u308a\u300d\u306e\u5dee\u3067\u3042\u308b<b data-path-to-node=\"30\" data-index-in-node=\"46\">\u30a4\u30fc\u30eb\u30c9\u30ae\u30e3\u30c3\u30d7<\/b>\u3092\u6ce8\u8996\u3057\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"30\">\u91d1\u5229\u304c\u4e0a\u6607\u3057\u3066\u56fd\u50b5\u5229\u56de\u308a\u304c\u4e0a\u304c\u308b\u3068\u3001\u5229\u56de\u308a\u5dee\uff08\u30ae\u30e3\u30c3\u30d7\uff09\u304c\u7e2e\u5c0f\u3057\u3001J-REIT\u306e\u9b45\u529b\u304c\u4f4e\u4e0b\u3057\u307e\u3059\u3002\u305d\u306e\u7d50\u679c\u3001J-REIT\u304c\u58f2\u3089\u308c\u3066\u6295\u8cc7\u53e3\u4fa1\u683c\uff08\u4fa1\u683c\uff09\u304c\u4e0b\u843d\u3057\u307e\u3059\u3002\u4fa1\u683c\u304c\u4e0b\u843d\u3059\u308b\u3068\uff08\u5206\u6bcd\u304c\u5c0f\u3055\u304f\u306a\u308b\u305f\u3081\uff09\u3001\u5229\u56de\u308a\u306f\u518d\u3073\u9069\u5207\u306a\u30ae\u30e3\u30c3\u30d7\u6c34\u6e96\u306b\u307e\u3067\u4e0a\u6607\u8abf\u6574\u3055\u308c\u307e\u3059\u3002<\/p>\n<h4 data-path-to-node=\"31\">\u2462 \u8cc3\u6599\u6539\u5b9a\uff08\u7269\u4fa1\u9ad8\u30fb\u597d\u666f\u6c17\uff09\u3078\u306e\u671f\u5f85\u3010\u5206\u914d\u91d1\u3078\u306e\u30d7\u30e9\u30b9\u8981\u56e0\u3011<\/h4>\n<p data-path-to-node=\"32\">\u91d1\u5229\u4e0a\u6607\u306e\u80cc\u666f\u306b\u30a4\u30f3\u30d5\u30ec\u3084\u666f\u6c17\u56de\u5fa9\u304c\u3042\u308b\u5834\u5408\u3001\u4e0d\u52d5\u7523\u306f\u300c\u30a4\u30f3\u30d5\u30ec\u306b\u5f37\u3044\u8cc7\u7523\u300d\u3068\u3057\u3066\u6a5f\u80fd\u3057\u307e\u3059\u3002\u597d\u666f\u6c17\u306b\u3088\u3063\u3066\u30aa\u30d5\u30a3\u30b9\u306e\u7a7a\u5ba4\u7387\u304c\u6539\u5584\u3057\u305f\u308a\u3001\u5951\u7d04\u66f4\u65b0\u6642\u306b\u5bb6\u8cc3\u5f15\u304d\u4e0a\u3052\uff08\u6539\u5b9a\uff09\u3092\u5b9f\u73fe\u3067\u304d\u308c\u3070\u3001\u5897\u53ce\u306b\u3088\u3063\u3066\u5229\u606f\u8ca0\u62c5\u5897\u3092\u30ab\u30d0\u30fc\u3057\u3001\u5206\u914d\u91d1\u3092\u5897\u3084\u3059\u3053\u3068\u304c\u53ef\u80fd\u3067\u3059\u3002<\/p>\n<h3 data-path-to-node=\"33\">3-2. \u30a2\u30bb\u30c3\u30c8\u30bf\u30a4\u30d7\u5225\uff1a\u91d1\u5229\u4e0a\u6607\u3078\u306e\u8010\u6027<\/h3>\n<table data-path-to-node=\"34\">\n<thead>\n<tr>\n<td><strong>\u30a2\u30bb\u30c3\u30c8\u30bf\u30a4\u30d7<\/strong><\/td>\n<td><strong>\u91d1\u5229\u4e0a\u6607\u6642\u306e\u8010\u6027<\/strong><\/td>\n<td><strong>\u7406\u7531\u30fb\u30e1\u30ab\u30cb\u30ba\u30e0<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"34,1,0,0\"><b data-path-to-node=\"34,1,0,0\" data-index-in-node=\"0\">\u30db\u30c6\u30eb\u30fb\u89b3\u5149<\/b><\/span><\/td>\n<td><span data-path-to-node=\"34,1,1,0\"><b data-path-to-node=\"34,1,1,0\" data-index-in-node=\"0\">\u5f37<\/b><\/span><\/td>\n<td><span data-path-to-node=\"34,1,2,0\">\u5bbf\u6cca\u6599\u91d1\u3092\u65e5\u6b21\u3067\u5909\u66f4\u3067\u304d\u308b\u305f\u3081\u3001\u30a4\u30f3\u30d5\u30ec\u3084\u7269\u4fa1\u4e0a\u6607\u5206\u3092\u5373\u5ea7\u306b\u53ce\u76ca\u306b\u8ee2\u5ac1\u3057\u3084\u3059\u3044\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"34,2,0,0\"><b data-path-to-node=\"34,2,0,0\" data-index-in-node=\"0\">\u30aa\u30d5\u30a3\u30b9\u30d3\u30eb<\/b><\/span><\/td>\n<td><span data-path-to-node=\"34,2,1,0\"><b data-path-to-node=\"34,2,1,0\" data-index-in-node=\"0\">\u4e2d\u301c\u5f37<\/b><\/span><\/td>\n<td><span data-path-to-node=\"34,2,2,0\">\u666f\u6c17\u56de\u5fa9\u671f\u306b\u306f\u7a7a\u5ba4\u7387\u304c\u6539\u5584\u3057\u3001\u5951\u7d04\u6539\u5b9a\u6642\u306b\u5f37\u6c17\u306e\u8cc3\u6599\u5f15\u304d\u4e0a\u3052\u4ea4\u6e09\u304c\u53ef\u80fd\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"34,3,0,0\"><b data-path-to-node=\"34,3,0,0\" data-index-in-node=\"0\">\u30ec\u30b8\u30c7\u30f3\u30b9<\/b><\/span><\/td>\n<td><span data-path-to-node=\"34,3,1,0\"><b data-path-to-node=\"34,3,1,0\" data-index-in-node=\"0\">\u4e2d<\/b><\/span><\/td>\n<td><span data-path-to-node=\"34,3,2,0\">\u5951\u7d04\u66f4\u65b0\uff08\u901a\u5e382\u5e74\uff09\u3054\u3068\u306b\u9806\u6b21\u5f15\u304d\u4e0a\u3052\u53ef\u80fd\u3060\u304c\u3001\u904e\u5ea6\u306a\u5024\u4e0a\u3052\u306f\u9000\u53bb\u3092\u62db\u304f\u30ea\u30b9\u30af\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"34,4,0,0\"><b data-path-to-node=\"34,4,0,0\" data-index-in-node=\"0\">\u7269\u6d41\u65bd\u8a2d<\/b><\/span><\/td>\n<td><span data-path-to-node=\"34,4,1,0\"><b data-path-to-node=\"34,4,1,0\" data-index-in-node=\"0\">\u3084\u3084\u5f31<\/b><\/span><\/td>\n<td><span data-path-to-node=\"34,4,2,0\">10\u5e74\u4ee5\u4e0a\u306e\u9577\u671f\u56fa\u5b9a\u5951\u7d04\u304c\u591a\u304f\u3001\u4e16\u306e\u4e2d\u306e\u7269\u4fa1\u9ad8\u3084\u91d1\u5229\u4e0a\u6607\u5206\u3092\u901f\u3084\u304b\u306b\u8cc3\u6599\u306b\u53cd\u6620\u3057\u306b\u304f\u3044\u3002<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div class=\"xcd-attention-6 xcd-col5 xcd-ripple\">\n<div class=\"xcd-title-wrap\">\n<div class=\"xcd-title\"><span>\u3042\u306a\u305f\u306b\u672c\u5f53\u306b\u9069\u3057\u305f\u6295\u8cc7\u306f\u3069\u308c\uff1f<\/span><\/div>\n<\/div>\n<div class=\"xcd-content\">\n<p><span style=\"font-size: 12pt;\"><strong>\u30fb\u6295\u8cc7\u3067\u53ce\u5165\u3092\u5f97\u305f\u3044\u3001\u8cc7\u7523\u3092\u5897\u3084\u3057\u305f\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u30ea\u30b9\u30af\u306f\u3067\u304d\u308b\u3060\u3051\u6291\u3048\u305f\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u6295\u8cc7\u5148\u306e\u898b\u6975\u3081\u65b9\u3092\u77e5\u308a\u305f\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u6210\u529f\u3057\u3066\u3044\u308b\u6295\u8cc7\u5bb6\u3068\u63a5\u70b9\u304c\u6b32\u3057\u3044\u3000YES or NO<\/strong><\/span><br \/>\n<span style=\"font-size: 12pt;\"><strong>\u30fb\u7269\u4fa1\u4e0a\u6607\u3078\u306e\u5bfe\u7b56\u306b\u306f\u6295\u8cc7\u304c\u5fc5\u8981\u3068\u8003\u3048\u3066\u3044\u308b\u3000YES or NO<\/strong><\/span><\/p>\n<p><span style=\"font-size: 14pt;\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=cta&amp;utm_content=ueoka\"><strong>\u2192\u3000YES\u304c\uff13\u3064\u4ee5\u4e0a\u3060\u3063\u305f\u65b9\u306f\u3001\u3053\u3061\u3089\u3092\u30af\u30ea\u30c3\u30af<\/strong><\/a><\/span><\/p>\n<\/div>\n<\/div>\n<h2 data-path-to-node=\"36\">\u7b2c4\u7ae0\uff1aJ-REIT\u306e\u8ca1\u52d9\u5065\u5168\u6027\u3092\u8aad\u307f\u89e3\u304f3\u5927\u6307\u6a19<\/h2>\n<p data-path-to-node=\"37\">\u91d1\u5229\u306e\u4e0a\u6607\u5c40\u9762\u3067\u3082\u5b89\u5b9a\u3057\u3066\u5206\u914d\u91d1\u3092\u51fa\u3057\u7d9a\u3051\u3089\u308c\u308b\u300c\u8ca1\u52d9\u304c\u5f37\u56fa\u306a\u9298\u67c4\u300d\u3092\u898b\u6975\u3081\u308b\u306b\u306f\u3001\u958b\u793a\u8cc7\u6599\uff08\u6c7a\u7b97\u8aac\u660e\u4f1a\u8cc7\u6599\u3084\u6c7a\u7b97\u77ed\u4fe1\uff09\u3067\u4ee5\u4e0b\u306e3\u5927\u6307\u6a19\u3092\u30c1\u30a7\u30c3\u30af\u3057\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"38\">4-1. LTV\uff08\u6709\u5229\u5b50\u8ca0\u50b5\u6bd4\u7387\uff09<\/h3>\n<p data-path-to-node=\"39\">LTV\uff08Loan to Value\uff09\u306f\u3001\u8cc7\u7523\u306b\u5bfe\u3057\u3066\u501f\u5165\u91d1\uff08\u6709\u5229\u5b50\u8ca0\u50b5\uff09\u304c\u3069\u308c\u3060\u3051\u306e\u5272\u5408\u3092\u5360\u3081\u3066\u3044\u308b\u304b\u3092\u793a\u3059\u6307\u6a19\u3067\u3059\u3002<\/p>\n<ul data-path-to-node=\"40\">\n<li>\n<p data-path-to-node=\"40,0,0\"><b data-path-to-node=\"40,0,0\" data-index-in-node=\"0\">\u8a08\u7b97\u5f0f<\/b>\uff1a<\/p>\n<div data-path-to-node=\"40,0,1\">\n<div class=\"math-block\" data-math=\"\\text{\u7dcf\u8cc7\u7523LTV (\\%)} = \\frac{\\text{\u6709\u5229\u5b50\u8ca0\u50b5\u5408\u8a08\uff08\u77ed\u671f\u501f\u5165\uff0b\u9577\u671f\u501f\u5165\uff0b\u6295\u8cc7\u6cd5\u4eba\u50b5\uff09}}{\\text{\u7dcf\u8cc7\u7523\u984d}} \\times 100\">\u7dcf\u8cc7\u7523LTV (%) =<img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.22.35-1024x135.png\" alt=\"\" width=\"533\" height=\"70\" class=\"aligncenter  wp-image-31854\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.22.35-1024x135.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.22.35-300x40.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.22.35-768x101.png 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.22.35.png 1168w\" sizes=\"(max-width: 533px) 100vw, 533px\" \/><\/div>\n<\/div>\n<\/li>\n<li>\n<p data-path-to-node=\"40,1,0\"><b data-path-to-node=\"40,1,0\" data-index-in-node=\"0\">\u30c1\u30a7\u30c3\u30af\u306e\u76ee\u5b89<\/b>\uff1a<b data-path-to-node=\"40,1,0\" data-index-in-node=\"8\">40%\u301c50%\u7a0b\u5ea6<\/b>\u304c\u6a19\u6e96\u7684\u300250%\u3092\u8d85\u3048\u3066\u304f\u308b\u3068\u4f59\u529b\u304c\u306a\u304f\u306a\u308a\u3001\u91d1\u5229\u4e0a\u6607\u306b\u3088\u308b\u8ca1\u52d9\u60aa\u5316\u30ea\u30b9\u30af\u304c\u9ad8\u307e\u308a\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"41\">4-2. \u56fa\u5b9a\u91d1\u5229\u6bd4\u7387<\/h3>\n<p data-path-to-node=\"42\">\u501f\u5165\u91d1\u306e\u3046\u3061\u3001\u91d1\u5229\u304c\u56fa\u5b9a\u3055\u308c\u3066\u3044\u308b\u5272\u5408\u3067\u3059\u3002<\/p>\n<ul data-path-to-node=\"43\">\n<li>\n<p data-path-to-node=\"43,0,0\"><b data-path-to-node=\"43,0,0\" data-index-in-node=\"0\">\u30c1\u30a7\u30c3\u30af\u306e\u76ee\u5b89<\/b>\uff1a<b data-path-to-node=\"43,0,0\" data-index-in-node=\"8\">80%\u301c90%\u4ee5\u4e0a<\/b>\u3092\u7dad\u6301\u3057\u3066\u3044\u308b\u9298\u67c4\u304c\u597d\u307e\u3057\u3044\u3067\u3059\u3002\u56fa\u5b9a\u91d1\u5229\u6bd4\u7387\u304c\u9ad8\u3051\u308c\u3070\u3001\u4e16\u306e\u4e2d\u306e\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u3082\u65e2\u5b58\u306e\u501f\u5165\u671f\u9650\u304c\u6765\u308b\u307e\u3067\u306f\u5229\u5b50\u8ca0\u62c5\u304c\u5897\u3048\u305a\u3001\u77ed\u671f\u7684\u306a\u5229\u4e0a\u3052\u5f71\u97ff\u3092\u906e\u65ad\u3067\u304d\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"44\">4-3. \u8fd4\u6e08\u671f\u9650\u306e\u5206\u6563\uff08\u30e9\u30c0\u30fc\u5f62\u6210\u30fb\u5e73\u5747\u6b8b\u5b58\u5e74\u6570\uff09<\/h3>\n<p data-path-to-node=\"45\">\u7279\u5b9a\u5e74\u3078\u306e\u8fd4\u6e08\u30fb\u501f\u63db\u671f\u65e5\u306e\u96c6\u4e2d\u3092\u9632\u3050\u305f\u3081\u3001\u8fd4\u6e08\u671f\u65e5\u3092\u5e74\u5ea6\u3054\u3068\u306b\u5206\u6563\uff08\u30e9\u30c0\u30fc\uff1d\u30cf\u30b7\u30b4\u72b6\u306b\u5e73\u5766\u5316\uff09\u3067\u304d\u3066\u3044\u308b\u304b\u3092\u78ba\u8a8d\u3057\u307e\u3059\u3002<\/p>\n<ul data-path-to-node=\"46\">\n<li>\n<p data-path-to-node=\"46,0,0\"><b data-path-to-node=\"46,0,0\" data-index-in-node=\"0\">\u30c1\u30a7\u30c3\u30af\u306e\u76ee\u5b89<\/b>\uff1a<\/p>\n<ul data-path-to-node=\"46,0,1\">\n<li>\n<p data-path-to-node=\"46,0,1,0,0\">\u8fd4\u6e08\u671f\u65e5\u304c\u6bce\u5e74\u5747\u7b49\u306b\u5206\u6563\u3057\u3066\u3044\u308b\u304b\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"46,0,1,1,0\">\u501f\u5165\u91d1\u306e<b data-path-to-node=\"46,0,1,1,0\" data-index-in-node=\"4\">\u5e73\u5747\u6b8b\u5b58\u5e74\u6570\u304c4\u5e74\u301c5\u5e74\u4ee5\u4e0a<\/b>\u78ba\u4fdd\u3055\u308c\u3066\u3044\u308b\u304b\u3002\u6b8b\u5b58\u5e74\u6570\u304c\u9577\u3044\u307b\u3069\u3001\u91d1\u5229\u4e0a\u6607\u306e\u5f71\u97ff\u304c\u8868\u308c\u308b\u6642\u671f\u3092\u5c06\u6765\u306b\u9045\u3089\u305b\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2 data-path-to-node=\"48\">\u7b2c5\u7ae0\uff1a\u672c\u8cea\u7684\u306a\u4fa1\u5024\u3092\u898b\u629c\u304f\u300cNOI\u5229\u56de\u308a\u300d\u3068\u300cNAV\u500d\u7387\u300d<\/h2>\n<p data-path-to-node=\"49\">\u4e0d\u52d5\u7523\u306e\u7d14\u7c8b\u306a\u7a3c\u3050\u529b\u3084\u3001\u682a\u4fa1\uff08\u6295\u8cc7\u53e3\u4fa1\u683c\uff09\u306e\u5272\u5b89\u5ea6\u3092\u6e2c\u308b\u3046\u3048\u3067\u6700\u3082\u91cd\u8981\u306a2\u5927\u6307\u6a19\u3067\u3059\u3002<\/p>\n<h3 data-path-to-node=\"50\">5-1. NOI\u5229\u56de\u308a\uff08Net Operating Income Yield\uff09<\/h3>\n<p data-path-to-node=\"51\">\u7269\u4ef6\u304c\u6301\u3064\u300c\u7d14\u7c8b\u306a\u73fe\u91d1\u5275\u51fa\u529b\uff08\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff09\u300d\u3092\u6e2c\u308b\u6307\u6a19\u3067\u3059\u3002\u6e1b\u4fa1\u511f\u5374\u8cbb\uff08\u73fe\u91d1\u652f\u51fa\u3092\u4f34\u308f\u306a\u3044\u4f1a\u8a08\u4e0a\u306e\u8cbb\u7528\uff09\u3092\u8db3\u3057\u623b\u3057\u3066\u7b97\u51fa\u3057\u307e\u3059\u3002<\/p>\n<ul data-path-to-node=\"52\">\n<li>\n<p data-path-to-node=\"52,0,0\"><b data-path-to-node=\"52,0,0\" data-index-in-node=\"0\">\u8a08\u7b97\u5f0f<\/b>\uff1a<\/p>\n<div data-path-to-node=\"52,0,1\">\n<div class=\"math-block\" data-math=\"\\text{NOI\u5229\u56de\u308a (\\%)} = \\frac{\\text{\u5e74\u9593\u306e\u7d14\u4e0d\u52d5\u7523\u8cc3\u8cb8\u53ce\u5165 (NOI)}}{\\text{\u4e0d\u52d5\u7523\u306e\u53d6\u5f97\u4fa1\u683c\uff08\u307e\u305f\u306f\u9451\u5b9a\u8a55\u4fa1\u984d\uff09}} \\times 100\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.23.23-1024x108.png\" alt=\"\" width=\"698\" height=\"74\" class=\"aligncenter  wp-image-31855\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.23.23-1024x108.png 1024w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.23.23-300x32.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.23.23-768x81.png 768w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.23.23.png 1218w\" sizes=\"(max-width: 698px) 100vw, 698px\" \/><\/div>\n<\/div>\n<p data-path-to-node=\"52,0,2\"><span class=\"math-inline\" data-math=\"\\text{NOI} = \\text{\u8cc3\u6599\u53ce\u5165} - \\text{\u8cc3\u8cb8\u4e8b\u696d\u8cbb\u7528} + \\text{\u6e1b\u4fa1\u511f\u5374\u8cbb}\" data-index-in-node=\"3\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.23.42.png\" alt=\"\" width=\"462\" height=\"36\" class=\"aligncenter  wp-image-31856\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.23.42.png 926w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.23.42-300x23.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.23.42-768x60.png 768w\" sizes=\"(max-width: 462px) 100vw, 462px\" \/><\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"52,1,0\"><b data-path-to-node=\"52,1,0\" data-index-in-node=\"0\">\u30c1\u30a7\u30c3\u30af\u306e\u76ee\u5b89<\/b>\uff1a\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u5168\u4f53\u3067 <b data-path-to-node=\"52,1,0\" data-index-in-node=\"19\">4.5%\u301c5.5% \u7a0b\u5ea6<\/b> \u304c\u6a19\u6e96\u3002<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"53\">5-2. NAV\u500d\u7387\uff08Net Asset Value Ratio\uff09<\/h3>\n<p data-path-to-node=\"54\">\u682a\u5f0f\u6295\u8cc7\u306b\u304a\u3051\u308b<b data-path-to-node=\"54\" data-index-in-node=\"8\">PBR\uff08\u682a\u4fa1\u7d14\u8cc7\u7523\u500d\u7387\uff09\u306b\u76f8\u5f53\u3059\u308b\u6307\u6a19<\/b>\u3067\u3059\u3002\u4fdd\u6709\u4e0d\u52d5\u7523\u306e\u542b\u307f\u76ca\u3092\u52a0\u5473\u3057\u305f\u5b9f\u8cea\u7d14\u8cc7\u7523\u306b\u5bfe\u3057\u3066\u3001\u73fe\u5728\u306e\u6295\u8cc7\u53e3\u4fa1\u683c\u304c\u5272\u5b89\u304b\u5272\u9ad8\u304b\u3092\u6e2c\u5b9a\u3057\u307e\u3059\u3002<\/p>\n<ul data-path-to-node=\"55\">\n<li>\n<p data-path-to-node=\"55,0,0\"><b data-path-to-node=\"55,0,0\" data-index-in-node=\"0\">\u8a08\u7b97\u5f0f<\/b>\uff1a<\/p>\n<div data-path-to-node=\"55,0,1\">\n<div class=\"math-block\" data-math=\"\\text{NAV\u500d\u7387 (\u500d)} = \\frac{\\text{\u73fe\u5728\u306e\u6295\u8cc7\u53e3\u4fa1\u683c}}{\\text{1\u53e3\u5f53\u305f\u308aNAV}}\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.24.08.png\" alt=\"\" width=\"392\" height=\"74\" class=\"aligncenter  wp-image-31857\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.24.08.png 700w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.24.08-300x57.png 300w\" sizes=\"(max-width: 392px) 100vw, 392px\" \/><\/div>\n<\/div>\n<p data-path-to-node=\"55,0,2\"><span class=\"math-inline\" data-math=\"\\text{1\u53e3\u5f53\u305f\u308aNAV} = \\frac{\\text{\u7d14\u8cc7\u7523\u984d} + \\text{\u4fdd\u6709\u4e0d\u52d5\u7523\u306e\u542b\u307f\u640d\u76ca}}{\\text{\u767a\u884c\u6e08\u6295\u8cc7\u53e3\u7dcf\u6570}}\" data-index-in-node=\"3\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.24.34.png\" alt=\"\" width=\"466\" height=\"46\" class=\"aligncenter  wp-image-31858\" srcset=\"https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.24.34.png 850w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.24.34-300x30.png 300w, https:\/\/official.gfs.tokyo\/blog\/wp-content\/uploads\/2026\/10\/\u30b9\u30af\u30ea\u30fc\u30f3\u30b7\u30e7\u30c3\u30c8-2026-10-01-11.24.34-768x76.png 768w\" sizes=\"(max-width: 466px) 100vw, 466px\" \/><\/span><\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"55,1,0\"><b data-path-to-node=\"55,1,0\" data-index-in-node=\"0\">\u30c1\u30a7\u30c3\u30af\u306e\u76ee\u5b89<\/b>\uff1a<\/p>\n<ul data-path-to-node=\"55,1,1\">\n<li>\n<p data-path-to-node=\"55,1,1,0,0\"><b data-path-to-node=\"55,1,1,0,0\" data-index-in-node=\"0\">1.0\u500d\u672a\u6e80<\/b>\uff1a\u89e3\u6563\u4fa1\u5024\uff08\u542b\u307f\u76ca\u8fbc\u307f\u306e\u5b9f\u8cea\u7d14\u8cc7\u7523\uff09\u3088\u308a\u3082\u5272\u5b89\u306b\u5e02\u5834\u3067\u653e\u7f6e\u3055\u308c\u3066\u3044\u308b\uff08\u5272\u5b89\u653e\u7f6e\uff09\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"55,1,1,1,0\"><b data-path-to-node=\"55,1,1,1,0\" data-index-in-node=\"0\">1.0\u500d\u8d85<\/b>\uff1a\u5e02\u5834\u304b\u3089\u6210\u9577\u6027\u3084\u5b89\u5168\u6027\u304c\u8a55\u4fa1\u3055\u308c\u3066\u3044\u308b\uff08\u30d7\u30ec\u30df\u30a2\u8a55\u4fa1\uff09\u3002<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div class=\"xcd-attention-1 xcd-col2 xcd-ripple\">\n<div class=\"xcd-title\"><strong>\u8cc7\u7523\u904b\u7528\u3067\u5931\u6557\u3057\u305f\u304f\u306a\u3044\u65b9\u3078<\/strong><\/div>\n<div class=\"xcd-content\"><strong>\u79c1\u305f\u3061GFS\u3067\u306f\u3001\u5b66\u6821\u3067\u306f\u6559\u3048\u3066\u3082\u3089\u3048\u306a\u304b\u3063\u305f\u304a\u91d1\u306e\u3053\u3068\u304c\u308f\u304b\u308b\u7121\u6599\u30b3\u30f3\u30c6\u30f3\u30c4\u3092\u3054\u7528\u610f\u3057\u3066\u3044\u307e\u3059\u3002<\/strong><br \/>\n<strong><span style=\"color: #0066c0;\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=cta&amp;utm_content=ueoka\" style=\"color: #0066c0;\">\u226b \u7121\u6599\u8b1b\u5ea7\uff1a\u304a\u91d1\u306e\u30d7\u30ed\u304c\u6559\u3048\u308b\u300c\u521d\u5fc3\u8005\u304c\u6bce\u6708\u53ce\u5165\u3092\u5f97\u308b\u6295\u8cc7\u306e\u59cb\u3081\u65b9\u300d<\/a><\/span><\/strong><\/div>\n<\/div>\n<h2 data-path-to-node=\"57\">\u7b2c6\u7ae0\uff1a\u30d0\u30ea\u30e5\u30fc\u30c8\u30e9\u30c3\u30d7\uff08\u5272\u5b89\u306e\u7f60\uff09\u3092\u898b\u629c\u304f5\u30b9\u30c6\u30c3\u30d7\u624b\u9806<\/h2>\n<p data-path-to-node=\"58\">NAV\u500d\u7387\u304c0.7\u500d\u301c0.8\u500d\u3068\u8457\u3057\u304f1.0\u500d\u3092\u5272\u308c\u3066\u3044\u308b\u9298\u67c4\u306f\u653e\u7f6e\u3055\u308c\u3066\u3044\u308b\u7406\u7531\uff08\u30ea\u30b9\u30af\uff09\u304c\u6f5c\u3093\u3067\u3044\u308b\u30b1\u30fc\u30b9\u304c\u591a\u304f\u3001\u3053\u308c\u3092\u30d0\u30ea\u30e5\u30fc\u30c8\u30e9\u30c3\u30d7\uff08\u5272\u5b89\u306e\u7f60\uff09\u3068\u547c\u3073\u307e\u3059\u3002\u30c8\u30e9\u30c3\u30d7\u3092\u56de\u907f\u3057\u3066\u672c\u7269\u306e\u5272\u5b89\u9298\u67c4\u3092\u898b\u629c\u304f5\u624b\u9806\u3067\u3059\u3002<\/p>\n<div class=\"attachment-container unknown\"><response-element class=\"no-md\" ng-version=\"0.0.0-PLACEHOLDER\"><sequence class=\"lm-enabled ng-star-inserted\"><\/p>\n<div class=\"sequence-container\" jslog=\"308913;track:impression,attention\">\n<div class=\"sequence-event ng-star-inserted\">\n<div class=\"sequence-event-content\">\n<div class=\"sequence-event-description gds-body-l\"><span only-show-to-message-actions=\"\" data-test-id=\"sequence-export-header\" class=\"only-show-to-message-actions\"><strong>1.1. \u5206\u914d\u91d1\u306e\u300c\u58f2\u5374\u76ca\u4f9d\u5b58\u5ea6\u300d\u3092\u78ba\u8a8d\u3059\u308b:<\/strong>\u305d\u306e\u5229\u56de\u308a\u306f\u672c\u7269\u304b\uff1f\u3002<\/span><structured-node-sequence class=\"ng-star-inserted\"><structured-text class=\"ng-star-inserted\"><\/p>\n<p class=\"ng-star-inserted\">\u6c7a\u7b97\u8aac\u660e\u4f1a\u8cc7\u6599\u3067\u5206\u914d\u91d1\u306e\u5185\u8a33\u3092\u78ba\u8a8d\u3057\u307e\u3059\u3002\u7269\u4ef6\u58f2\u5374\u76ca\u3084\u5185\u90e8\u7559\u4fdd\u306e\u53d6\u308a\u5d29\u3057\u306b\u3088\u308b\u300c\u4e00\u6642\u7684\u306a\u5e95\u4e0a\u3052\u300d\u3092\u9664\u5916\u3057\u3001\u8cc3\u6599\u53ce\u5165\u306e\u307f\u3067\u8cc4\u308f\u308c\u308b\u300c\u5de1\u822a\u5206\u914d\u91d1\u300d\u30d9\u30fc\u30b9\u306e\u5b9f\u8cea\u5229\u56de\u308a\u3092\u7b97\u51fa\u3057\u307e\u3059\u3002<\/p>\n<p><\/structured-text><\/structured-node-sequence><\/div>\n<\/div>\n<\/div>\n<div class=\"sequence-event ng-star-inserted\">\n<div class=\"sequence-event-content\">\n<div class=\"sequence-event-description gds-body-l\"><span only-show-to-message-actions=\"\" data-test-id=\"sequence-export-header\" class=\"only-show-to-message-actions\"><strong>2.2. LTV\u3068\u56fa\u5b9a\u91d1\u5229\u6bd4\u7387\u3092\u78ba\u8a8d\u3059\u308b:<\/strong>\u8ca1\u52d9\u30ea\u30b9\u30af\u306e\u906e\u65ad\u3002<\/span><structured-node-sequence class=\"ng-star-inserted\"><structured-text class=\"ng-star-inserted\"><\/p>\n<p class=\"ng-star-inserted\">LTV\u304c50%\u306b\u63a5\u8fd1\u3057\u3066\u3044\u308b\u3001\u307e\u305f\u306f\u5909\u52d5\u91d1\u5229\u6bd4\u7387\u304c\u9ad8\u3044\u9298\u67c4\u306f\u5229\u4e0a\u3052\u6642\u306b\u6e1b\u914d\u306b\u76f4\u7d50\u3057\u307e\u3059\u3002LTV45%\u4ee5\u4e0b\u3001\u56fa\u5b9a\u91d1\u5229\u6bd4\u738785%\u4ee5\u4e0a\u3092\u4fdd\u3066\u3066\u3044\u308b\u304b\u30c1\u30a7\u30c3\u30af\u3057\u307e\u3059\u3002<\/p>\n<p><\/structured-text><\/structured-node-sequence><\/div>\n<\/div>\n<\/div>\n<div class=\"sequence-event ng-star-inserted\">\n<div class=\"sequence-event-content\">\n<div class=\"sequence-event-description gds-body-l\"><span only-show-to-message-actions=\"\" data-test-id=\"sequence-export-header\" class=\"only-show-to-message-actions\"><strong>3.3. \u7a3c\u50cd\u7387\u3068\u8cc3\u6599\u6539\u5b9a\u52d5\u5411\u3092\u8ffd\u3046:<\/strong>\u7a3c\u50cd\u529b\u306e\u7dad\u6301\u3002<\/span><structured-node-sequence class=\"ng-star-inserted\"><structured-text class=\"ng-star-inserted\"><\/p>\n<p class=\"ng-star-inserted\">\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u5168\u4f53\u306e\u7a3c\u50cd\u7387\u304c95%\u3092\u5272\u308a\u8fbc\u3093\u3067\u3044\u306a\u3044\u304b\u3001\u5951\u7d04\u6539\u5b9a\u6642\u306b\u5bb6\u8cc3\u304c\u6e1b\u984d\uff08\u30de\u30a4\u30ca\u30b9\uff09\u306b\u50be\u3044\u3066\u3044\u306a\u3044\u304b\u78ba\u8a8d\u3057\u307e\u3059\u3002\u5c06\u6765\u306e\u696d\u7e3e\u4f4e\u4e0b\u304c\u4fa1\u683c\u306b\u7e54\u308a\u8fbc\u307e\u308c\u3066\u3044\u308b\u30b1\u30fc\u30b9\u3092\u5bdf\u77e5\u3057\u307e\u3059\u3002<\/p>\n<p><\/structured-text><\/structured-node-sequence><\/div>\n<\/div>\n<\/div>\n<div class=\"sequence-event ng-star-inserted\">\n<div class=\"sequence-event-content\">\n<div class=\"sequence-event-description gds-body-l\"><span only-show-to-message-actions=\"\" data-test-id=\"sequence-export-header\" class=\"only-show-to-message-actions\"><strong>4.4. \u7bc9\u5e74\u6570\u3068CAPEX\uff08\u4fee\u7e55\u8cbb\uff09\u6bd4\u7387\u3092\u898b\u308b:<\/strong>\u96a0\u308c\u305f\u30b3\u30b9\u30c8\u3002<\/span><structured-node-sequence class=\"ng-star-inserted\"><structured-text class=\"ng-star-inserted\"><\/p>\n<p class=\"ng-star-inserted\">\u7bc920\u5e74\u4ee5\u4e0a\u306e\u7269\u4ef6\u304c\u591a\u3044\u9298\u67c4\u306fNOI\u5229\u56de\u308a\u304c\u9ad8\u304f\u898b\u3048\u307e\u3059\u304c\u3001\u5927\u898f\u6a21\u4fee\u7e55\u8cbb\uff08CAPEX\uff09\u304c\u304b\u3055\u307f\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u3092\u5727\u8feb\u3057\u307e\u3059\u3002\u6e1b\u4fa1\u511f\u5374\u8cbb\u306b\u5bfe\u3059\u308bCAPEX\u306e\u5272\u5408\u3092\u78ba\u8a8d\u3057\u307e\u3059\u3002<\/p>\n<p><\/structured-text><\/structured-node-sequence><\/div>\n<\/div>\n<\/div>\n<div class=\"sequence-event ng-star-inserted\">\n<div class=\"sequence-event-content\">\n<div class=\"sequence-event-description gds-body-l\"><span only-show-to-message-actions=\"\" data-test-id=\"sequence-export-header\" class=\"only-show-to-message-actions\"><strong>5.5. \u30b9\u30dd\u30f3\u30b5\u30fc\u306e\u5f37\u3055\u3068\u300c\u81ea\u5df1\u6295\u8cc7\u53e3\u8cb7\u3044\u300d\u3092\u898b\u308b:<\/strong>\u7d4c\u55b6\u9663\u306e\u59ff\u52e2\u3002<\/span><structured-node-sequence class=\"ng-star-inserted\"><structured-text class=\"ng-star-inserted\"><\/p>\n<p class=\"ng-star-inserted\">1.0\u500d\u5272\u308c\u304c\u7d9a\u304f\u5834\u9762\u3067\u3001\u904b\u55b6\u5074\u304c\u300c\u81ea\u5df1\u6295\u8cc7\u53e3\u8cb7\u3044\uff08\u81ea\u793e\u682a\u8cb7\u3044\uff09\u300d\u3092\u884c\u3063\u30661\u53e3\u5f53\u305f\u308a\u4fa1\u5024\u3092\u9ad8\u3081\u308b\u4f01\u696d\u52aa\u529b\u3092\u884c\u3063\u3066\u3044\u308b\u304b\u3001\u89aa\u4f1a\u793e\u306e\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u6a5f\u80fd\u304c\u50cd\u3044\u3066\u3044\u308b\u304b\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/p>\n<p><\/structured-text><\/structured-node-sequence><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/sequence><\/response-element><\/div>\n<h2 data-path-to-node=\"61\">\u7b2c7\u7ae0\uff1a\u5b9f\u8df5\u7de8\uff01\u521d\u5fc3\u8005\u306b\u304a\u3059\u3059\u3081\u306eJ-REIT\u6295\u8cc7\u624b\u6cd5\uff08ETF vs \u6295\u8cc7\u4fe1\u8a17\uff09<\/h2>\n<p data-path-to-node=\"62\">\u500b\u5225\u9298\u67c4\u306e\u9078\u5b9a\u304c\u96e3\u3057\u3044\u521d\u5fc3\u8005\u306b\u306f\u30011\u3064\u306e\u9298\u67c4\u3067J-REIT\u5168\u4f53\uff08\u7d0460\u9298\u67c4\uff09\u306b\u4e38\u3054\u3068\u5206\u6563\u6295\u8cc7\u3067\u304d\u308b\u30d1\u30c3\u30b1\u30fc\u30b8\u5546\u54c1\uff08ETF\u307e\u305f\u306f\u6295\u8cc7\u4fe1\u8a17\uff09\u304c\u63a8\u5968\u3055\u308c\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"63\">7-1. J-REIT ETF\uff08\u4e0a\u5834\u6295\u8cc7\u4fe1\u8a17\uff09\u306e\u4e3b\u8981\u9298\u67c4<\/h3>\n<p data-path-to-node=\"64\">\u6771\u8a3c\u306b\u4e0a\u5834\u3057\u3066\u304a\u308a\u3001\u682a\u5f0f\u3068\u540c\u3058\u3088\u3046\u306b\u30ea\u30a2\u30eb\u30bf\u30a4\u30e0\u3067\u8cb7\u8cb7\u3067\u304d\u308b\u5546\u54c1\u3067\u3059\u3002<\/p>\n<table data-path-to-node=\"65\">\n<thead>\n<tr>\n<td><strong>\u9298\u67c4\u540d\uff08\u30b3\u30fc\u30c9\uff09<\/strong><\/td>\n<td><strong>\u904b\u7528\u4f1a\u793e<\/strong><\/td>\n<td><strong>\u4fe1\u8a17\u5831\u916c\uff08\u7a0e\u8fbc\/\u5e74\uff09<\/strong><\/td>\n<td><strong>\u6c7a\u7b97\u6708\uff08\u5206\u914d\u91d1\u53d7\u53d6\u6708\uff09<\/strong><\/td>\n<td><strong>\u7279\u5fb4<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"65,1,0,0\"><b data-path-to-node=\"65,1,0,0\" data-index-in-node=\"0\">i\u30d5\u30ea\u30fcETF \u6771\u8a3cREIT\uff081488\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"65,1,1,0\">\u5927\u548c\u30a2\u30bb\u30c3\u30c8<\/span><\/td>\n<td><span data-path-to-node=\"65,1,2,0\"><b data-path-to-node=\"65,1,2,0\" data-index-in-node=\"0\">0.1705%<\/b><\/span><\/td>\n<td><span data-path-to-node=\"65,1,3,0\">\u5e744\u56de\uff082, 5, 8, 11\u6708\uff09<\/span><\/td>\n<td><span data-path-to-node=\"65,1,4,0\">\u6700\u5b89\u6c34\u6e96\u306e\u30b3\u30b9\u30c8\u3002\u738b\u9053\u306e\u9078\u629e\u80a2\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"65,2,0,0\"><b data-path-to-node=\"65,2,0,0\" data-index-in-node=\"0\">NEXT FUNDS \u6771\u8a3cREIT\uff081343\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"65,2,1,0\">\u91ce\u6751\u30a2\u30bb\u30c3\u30c8<\/span><\/td>\n<td><span data-path-to-node=\"65,2,2,0\"><b data-path-to-node=\"65,2,2,0\" data-index-in-node=\"0\">0.1705%<\/b><\/span><\/td>\n<td><span data-path-to-node=\"65,2,3,0\">\u5e744\u56de\uff082, 5, 8, 11\u6708\uff09<\/span><\/td>\n<td><span data-path-to-node=\"65,2,4,0\">\u56fd\u5185\u6700\u5927\u306e\u7d14\u8cc7\u7523\u3068\u5727\u5012\u7684\u306a\u6d41\u52d5\u6027\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"65,3,0,0\"><b data-path-to-node=\"65,3,0,0\" data-index-in-node=\"0\">MAXIS \u6771\u8a3cREIT\uff081595\uff09<\/b><\/span><\/td>\n<td><span data-path-to-node=\"65,3,1,0\">\u4e09\u83f1UFJ\u30a2\u30bb\u30c3\u30c8<\/span><\/td>\n<td><span data-path-to-node=\"65,3,2,0\"><b data-path-to-node=\"65,3,2,0\" data-index-in-node=\"0\">0.1705%<\/b><\/span><\/td>\n<td><span data-path-to-node=\"65,3,3,0\">\u5e744\u56de\uff083, 6, 9, 12\u6708\uff09<\/span><\/td>\n<td><span data-path-to-node=\"65,3,4,0\">1488\u7b49\u3068\u7d44\u5408\u308f\u305b\u3067\u5e748\u56de\uff08\u307b\u307c\u6bce\u6708\uff09\u5206\u914d\u53ef\u80fd\u3002<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 data-path-to-node=\"66\">7-2. \u975e\u4e0a\u5834 J-REIT\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u30d5\u30a1\u30f3\u30c9\uff08\u6295\u8cc7\u4fe1\u8a17\uff09\u306e\u4e3b\u8981\u9298\u67c4<\/h3>\n<p data-path-to-node=\"67\">\u8a3c\u5238\u4f1a\u793e\u3092\u901a\u3058\u3066100\u5186\u304b\u30891\u5186\u5358\u4f4d\u30fb\u7a4d\u7acb\u6307\u5b9a\u3067\u8cfc\u5165\u3067\u304d\u308b\u5546\u54c1\u3067\u3059\u3002<\/p>\n<table data-path-to-node=\"68\">\n<thead>\n<tr>\n<td><strong>\u30d5\u30a1\u30f3\u30c9\u540d<\/strong><\/td>\n<td><strong>\u904b\u7528\u4f1a\u793e<\/strong><\/td>\n<td><strong>\u4fe1\u8a17\u5831\u916c\uff08\u7a0e\u8fbc\/\u5e74\uff09<\/strong><\/td>\n<td><strong>\u7279\u5fb4<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"68,1,0,0\"><b data-path-to-node=\"68,1,0,0\" data-index-in-node=\"0\">eMAXIS Slim \u56fd\u5185\u30ea\u30fc\u30c8\u30a4\u30f3\u30c7\u30c3\u30af\u30b9<\/b><\/span><\/td>\n<td><span data-path-to-node=\"68,1,1,0\">\u4e09\u83f1UFJ\u30a2\u30bb\u30c3\u30c8<\/span><\/td>\n<td><span data-path-to-node=\"68,1,2,0\"><b data-path-to-node=\"68,1,2,0\" data-index-in-node=\"0\">0.275% \u4ee5\u5185<\/b><\/span><\/td>\n<td><span data-path-to-node=\"68,1,3,0\">\u696d\u754c\u6700\u5927\u306e\u7d14\u8cc7\u7523\u3068\u9ad8\u3044\u5b89\u5fc3\u611f\u3002\u9577\u671f\u7a4d\u7acb\u306b\u6700\u9069\u3002<\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"68,2,0,0\"><b data-path-to-node=\"68,2,0,0\" data-index-in-node=\"0\">\u30cb\u30c3\u30bb\u30a4J\u30ea\u30fc\u30c8\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u30d5\u30a1\u30f3\u30c9<\/b><\/span><\/td>\n<td><span data-path-to-node=\"68,2,1,0\">\u30cb\u30c3\u30bb\u30a4\u30a2\u30bb\u30c3\u30c8<\/span><\/td>\n<td><span data-path-to-node=\"68,2,2,0\"><b data-path-to-node=\"68,2,2,0\" data-index-in-node=\"0\">0.275% \u4ee5\u5185<\/b><\/span><\/td>\n<td><span data-path-to-node=\"68,2,3,0\">\u4f4e\u30b3\u30b9\u30c8\u306e\u5148\u99c6\u8005\u3002\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u8ffd\u5f93\u6027\u306b\u5b9a\u8a55\u3002<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 data-path-to-node=\"69\">7-3. ETF\u3068\u6295\u8cc7\u4fe1\u8a17\u306e\u9055\u3044\u30fb\u4f7f\u3044\u5206\u3051<\/h3>\n<table data-path-to-node=\"70\">\n<thead>\n<tr>\n<td><strong>\u6bd4\u8f03\u9805\u76ee<\/strong><\/td>\n<td><strong>J-REIT ETF<\/strong><\/td>\n<td><strong>\u975e\u4e0a\u5834\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u30d5\u30a1\u30f3\u30c9<\/strong><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span data-path-to-node=\"70,1,0,0\"><b data-path-to-node=\"70,1,0,0\" data-index-in-node=\"0\">\u4e3b\u306a\u30e1\u30ea\u30c3\u30c8<\/b><\/span><\/td>\n<td><span data-path-to-node=\"70,1,1,0\"><b data-path-to-node=\"70,1,1,0\" data-index-in-node=\"0\">\u4fe1\u8a17\u5831\u916c\u304c\u6700\u5b89<\/b>\u3001\u5e744\u56de\u73fe\u91d1\u3067\u5206\u914d\u91d1\u304c\u5165\u308b<\/span><\/td>\n<td><span data-path-to-node=\"70,1,2,0\"><b data-path-to-node=\"70,1,2,0\" data-index-in-node=\"0\">100\u5186\u304b\u3089\u8cfc\u5165\u53ef\u80fd<\/b>\u3001\u5206\u914d\u91d1\u306e\u975e\u8ab2\u7a0e\u81ea\u52d5\u518d\u6295\u8cc7\u3067<b data-path-to-node=\"70,1,2,0\" data-index-in-node=\"24\">\u8907\u5229\u52b9\u679c\u304c\u5927\u304d\u3044<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td><span data-path-to-node=\"70,2,0,0\"><b data-path-to-node=\"70,2,0,0\" data-index-in-node=\"0\">\u4e3b\u306a\u6d3b\u7528\u76ee\u7684<\/b><\/span><\/td>\n<td><span data-path-to-node=\"70,2,1,0\">\u5b9a\u671f\u7684\u306a**\u4e0d\u52b4\u6240\u5f97\uff08\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff09**\u306e\u7372\u5f97<\/span><\/td>\n<td><span data-path-to-node=\"70,2,2,0\">\u5c06\u6765\u306b\u5411\u3051\u305f<b data-path-to-node=\"70,2,2,0\" data-index-in-node=\"6\">\u5168\u81ea\u52d5\u306e\u8cc7\u7523\u5f62\u6210\u30fb\u5897\u6b96<\/b><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 data-path-to-node=\"72\">\u7b2c8\u7ae0\uff1a\u65b0NISA\u3092\u6d3b\u7528\u3057\u305f\u8a2d\u5b9a\u624b\u9806\uff08SBI\u8a3c\u5238\u30fb\u697d\u5929\u8a3c\u5238\uff09<\/h2>\n<p data-path-to-node=\"73\">\u65b0NISA\u5236\u5ea6\u3092\u6d3b\u7528\u3059\u308c\u3070\u3001J-REIT\u304b\u3089\u5f97\u3089\u308c\u308b\u5206\u914d\u91d1\u3084\u5024\u4e0a\u304c\u308a\u76ca\u3092\u7121\u671f\u9650\u3067\u5b8c\u5168\u975e\u8ab2\u7a0e\u306b\u3067\u304d\u307e\u3059\u3002<\/p>\n<blockquote data-path-to-node=\"74\">\n<p data-path-to-node=\"74,0\"><b data-path-to-node=\"74,0\" data-index-in-node=\"0\">\u3010\u6ce8\u610f\u3011\u5236\u5ea6\u4e0a\u306e\u533a\u5206\u30eb\u30fc\u30eb<\/b><\/p>\n<p data-path-to-node=\"74,0\">J-REIT\u5358\u4f53\u306e\u30d5\u30a1\u30f3\u30c9\uff08\u4f8b\uff1aeMAXIS Slim \u56fd\u5185\u30ea\u30fc\u30c8\u7b49\uff09\u3084J-REIT ETF\u306f\u3001<strong>\u65b0NISA\u306e\u300c\u6210\u9577\u6295\u8cc7\u67a0\u300d\u304c\u5bfe\u8c61\u3068\u306a\u308a\u307e\u3059\uff08\u3064\u307f\u305f\u3066\u6295\u8cc7\u67a0\u306f\u682a\u5f0f\u30e1\u30a4\u30f3\u306e\u6307\u5b9a\u30d5\u30a1\u30f3\u30c9\u306b\u9650\u3089\u308c\u308b\u305f\u3081\uff09\u3002 <span class=\"f-marker-p\">\u305f\u3060\u3057\u3001\u6210\u9577\u6295\u8cc7\u67a0\u3067\u3042\u3063\u3066\u3082\u300c\u6bce\u6708\u81ea\u52d5\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u6c7a\u6e08\uff08\u7a4d\u7acb\uff09\u300d\u304c\u5b8c\u5168\u306b\u5229\u7528\u53ef\u80fd<\/span>\u3067\u3042\u308a\u3001\u5b9f\u8cea\u7684\u306a\u4f7f\u3044\u52dd\u624b\u306b\u3064\u307f\u305f\u3066\u6295\u8cc7\u67a0\u3068\u306e\u5dee\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/strong><\/p>\n<\/blockquote>\n<h3 data-path-to-node=\"75\">SBI\u8a3c\u5238\u3067\u306e\u8a2d\u5b9a\u624b\u9806<\/h3>\n<ol start=\"1\" data-path-to-node=\"76\">\n<li>\n<p data-path-to-node=\"76,0,0\">SBI\u8a3c\u5238\u306b\u30ed\u30b0\u30a4\u30f3\u5f8c\u3001\u300c\u6295\u4fe1\u300d\u2192\u300c\u9298\u67c4\u691c\u7d22\u300d\u3067\u300ceMAXIS Slim \u56fd\u5185\u30ea\u30fc\u30c8\u300d\u7b49\u3092\u691c\u7d22\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"76,1,0\"><b data-path-to-node=\"76,1,0\" data-index-in-node=\"0\">\u300c\u7a4d\u7acb\u8cb7\u4ed8\u300d<\/b>\uff08\u307e\u305f\u306f\u30af\u30ec\u30ab\u7a4d\u7acb\uff09\u3092\u9078\u629e\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"76,2,0\">\u9810\u304b\u308a\u533a\u5206\u3067\u300cNISA\uff08\u6210\u9577\u6295\u8cc7\u67a0\uff09\u300d\u3092\u9078\u629e\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"76,3,0\">\u7a4d\u7acb\u30b3\u30fc\u30b9\u30fb\u91d1\u984d\u3092\u8a2d\u5b9a\u3057\u3001\u5206\u914d\u91d1\u53d7\u53d6\u65b9\u6cd5\u306f\u300c\u518d\u6295\u8cc7\u300d\u3092\u9078\u629e\u3057\u3066\u5b8c\u4e86\u3002<\/p>\n<\/li>\n<\/ol>\n<h3 data-path-to-node=\"77\">\u697d\u5929\u8a3c\u5238\u3067\u306e\u8a2d\u5b9a\u624b\u9806<\/h3>\n<ol start=\"1\" data-path-to-node=\"78\">\n<li>\n<p data-path-to-node=\"78,0,0\">\u697d\u5929\u8a3c\u5238\u30ed\u30b0\u30a4\u30f3\u5f8c\u3001\u691c\u7d22\u7a93\u304b\u3089\u30d5\u30a1\u30f3\u30c9\u3092\u691c\u7d22\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"78,1,0\">\u300c\u7a4d\u7acb\u8a2d\u5b9a\u300d\u3092\u9078\u629e\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"78,2,0\">\u5f15\u304d\u843d\u3068\u3057\u65b9\u6cd5\uff08\u697d\u5929\u30ab\u30fc\u30c9\u30fb\u697d\u5929\u30ad\u30e3\u30c3\u30b7\u30e5\u30fb\u53e3\u5ea7\uff09\u3068\u91d1\u984d\u3092\u8a2d\u5b9a\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"78,3,0\">\u53e3\u5ea7\u533a\u5206\u3067\u300cNISA \u6210\u9577\u6295\u8cc7\u67a0\u300d\u3092\u9078\u629e\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"78,4,0\">\u5206\u914d\u91d1\u30b3\u30fc\u30b9\u3067\u300c\u518d\u6295\u8cc7\u578b\u300d\u3092\u9078\u629e\u3057\u3066\u5b8c\u4e86\u3002<\/p>\n<\/li>\n<\/ol>\n<h2 data-path-to-node=\"80\">\u7b2c9\u7ae0\uff1a\u91d1\u878d\u30fb\u6295\u8cc7\u77e5\u8b58\u306e\u4f53\u7cfb\u7684\u7406\u89e3\u3068\u305d\u306e\u91cd\u8981\u6027<\/h2>\n<p data-path-to-node=\"81\">\u306a\u305c\u79c1\u305f\u3061\u306f\u91d1\u878d\u3084\u6295\u8cc7\u306e\u77e5\u8b58\u3092\u5b66\u3073\u3001\u5b9f\u8df5\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u305d\u306e\u672c\u8cea\u3068\u521d\u5fc3\u8005\u5411\u3051\u306e\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u4f53\u7cfb\u5316\u3057\u307e\u3059\u3002<\/p>\n<h3 data-path-to-node=\"82\">9-1. \u306a\u305c\u4eca\u3001\u91d1\u878d\u77e5\u8b58\u304c\u5fc5\u8981\u306a\u306e\u304b\uff1f\uff083\u3064\u306e\u69cb\u9020\u5909\u5316\uff09<\/h3>\n<ol start=\"1\" data-path-to-node=\"83\">\n<li>\n<p data-path-to-node=\"83,0,0\"><b data-path-to-node=\"83,0,0\" data-index-in-node=\"0\">\u30a4\u30f3\u30d5\u30ec\uff08\u7269\u4fa1\u4e0a\u6607\uff09\u306b\u3088\u308b\u300c\u9810\u91d1\u306e\u7121\u4fa1\u5024\u5316\u300d<\/b><\/p>\n<p data-path-to-node=\"83,0,0\">\u7269\u4fa1\u304c\u5e742%\u301c3%\u4e0a\u6607\u3059\u308b\u74b0\u5883\u4e0b\u3067\u306f\u3001\u91d1\u52290.001%\u301c0.1%\u306e\u9280\u884c\u9810\u91d1\u306b\u304a\u91d1\u3092\u7f6e\u3044\u3066\u304a\u304f\u3060\u3051\u3067\u3001\u8cfc\u8cb7\u529b\uff08\u5b9f\u8cea\u7684\u306a\u304a\u91d1\u306e\u4fa1\u5024\uff09\u304c\u76ee\u6e1b\u308a\u3057\u3066\u3044\u304d\u307e\u3059\u3002\u300c\u8cc7\u7523\u3092\u6e1b\u3089\u3055\u306a\u3044\u305f\u3081\u300d\u306b\u6295\u8cc7\u77e5\u8b58\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"83,1,0\"><b data-path-to-node=\"83,1,0\" data-index-in-node=\"0\">\u5236\u5ea6\uff08NISA\u30fbiDeCo\uff09\u306e\u62e1\u5145\u3068\u81ea\u5df1\u8cac\u4efb\u5316<\/b><\/p>\n<p data-path-to-node=\"83,1,0\">\u5c11\u5b50\u9ad8\u9f62\u5316\u306b\u4f34\u3044\u3001\u56fd\u3084\u4f01\u696d\u306b\u8001\u5f8c\u3092\u5b8c\u5168\u306b\u59d4\u306d\u308b\u3053\u3068\u306f\u96e3\u3057\u304f\u306a\u308a\u307e\u3057\u305f\u3002\u56fd\u304cNISA\u306a\u3069\u306e\u975e\u8ab2\u7a0e\u512a\u9047\u5236\u5ea6\u3092\u7528\u610f\u3059\u308b\u4e00\u65b9\u3067\u3001\u8cc7\u7523\u3092\u3069\u3046\u904b\u7528\u3059\u308b\u304b\u306f\u500b\u4eba\u306e\u9078\u629e\u3068\u81ea\u5df1\u8cac\u4efb\u306b\u59d4\u306d\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"83,2,0\"><b data-path-to-node=\"83,2,0\" data-index-in-node=\"0\">\u8a50\u6b3a\u3084\u9ad8\u30b3\u30b9\u30c8\u5546\u54c1\u304b\u3089\u306e\u9632\u885b<\/b><\/p>\n<p data-path-to-node=\"83,2,0\">\u6b63\u3057\u3044\u91d1\u878d\u77e5\u8b58\uff08\u76f8\u5834\u611f\u30fb\u30b3\u30b9\u30c8\u611f\u899a\u30fb\u30ea\u30b9\u30af\u69cb\u9020\u306e\u7406\u89e3\uff09\u304c\u306a\u3051\u308c\u3070\u3001\u7a93\u53e3\u3067\u9ad8\u624b\u6570\u6599\u306e\u30d5\u30a1\u30f3\u30c9\u3092\u8cb7\u308f\u3055\u308c\u305f\u308a\u3001\u5b9f\u614b\u306e\u306a\u3044\u6295\u6a5f\u8a71\u306b\u9a19\u3055\u308c\u308b\u30ea\u30b9\u30af\u3092\u9632\u3052\u307e\u305b\u3093\u3002<\/p>\n<\/li>\n<\/ol>\n<h3 data-path-to-node=\"84\">9-2. \u521d\u5fc3\u8005\u306e\u305f\u3081\u306e\u8cc7\u7523\u904b\u7528\u30d4\u30e9\u30df\u30c3\u30c9\uff08\u4f53\u7cfb\u7684\u30b9\u30c6\u30c3\u30d7\uff09<\/h3>\n<p data-path-to-node=\"85\">\u6295\u8cc7\u306e\u52c9\u5f37\u3068\u5b9f\u8df5\u306f\u3001\u5fc5\u305a\u300c\u571f\u53f0\u300d\u304b\u3089\u9806\u756a\u306b\u7a4d\u307f\u4e0a\u3052\u3066\u3044\u304f\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p><response-element class=\"no-md\" ng-version=\"0.0.0-PLACEHOLDER\"><code-block _nghost-ng-c70665899=\"\" class=\"ng-tns-c70665899-3413 enable-luminous-code-block ng-star-inserted\"><\/code-block><\/response-element><\/p>\n<div _ngcontent-ng-c70665899=\"\" class=\"code-block ng-tns-c70665899-3413 ng-animate-disabled ng-trigger ng-trigger-codeBlockRevealAnimation\" jslog=\"223238;track:impression,attention;BardVeMetadataKey:W1sicl8yYjMzMjdlMWM3NjlkYjEyIiwiY184NGU0NDJjNTk2OGQ0NDUzIixudWxsLCJyY18yNTE2MTg0ODY3NjY1YTEzIixudWxsLG51bGwsImphIixudWxsLDEsbnVsbCxudWxsLDEsMF1d\">\n<div _ngcontent-ng-c70665899=\"\" class=\"formatted-code-block-internal-container ng-tns-c70665899-3413\">\n<div _ngcontent-ng-c70665899=\"\" class=\"animated-opacity ng-tns-c70665899-3413\">\n<pre _ngcontent-ng-c70665899=\"\" class=\"ng-tns-c70665899-3413\"><code _ngcontent-ng-c70665899=\"\" role=\"text\" data-test-id=\"code-content\" class=\"code-container formatted ng-tns-c70665899-3413 no-decoration-radius\">       \u25b2\r\n      \/  \\       [Step 3: \u500b\u5225\u8cc7\u7523\u306e\u5206\u6790\u30fb\u9078\u629e]\r\n     \/ Step3 \\      J-REIT\u500b\u5225\u9298\u67c4\u30fb\u500b\u5225\u682a\u30fb\u500b\u5225\u4e0d\u52d5\u7523\r\n    \/----------\\  ----------------------------------------\r\n   \/   Step 2   \\   [Step 2: \u5e02\u5834\u5168\u4f53\u3078\u306e\u4e38\u3054\u3068\u5206\u6563\u6295\u8cc7]\r\n  \/--------------\\     \u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u30d5\u30a1\u30f3\u30c9\u30fbETF\u306e\u6d3b\u7528\r\n \/     Step 1     \\ ----------------------------------------\r\n\/------------------\\  [Step 1: \u751f\u6d3b\u9632\u885b\u8cc7\u91d1\u3068\u5bb6\u8a08\u306e\u7ba1\u7406]\r\n                       \u6bce\u6708\u306e\u53ce\u652f\u628a\u63e1\u30fb3\u301c6\u30f6\u6708\u5206\u306e\u751f\u6d3b\u8cbb\u78ba\u4fdd\r\n<\/code><\/pre>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<ol start=\"1\" data-path-to-node=\"87\">\n<li>\n<p data-path-to-node=\"87,0,0\"><b data-path-to-node=\"87,0,0\" data-index-in-node=\"0\">Step 1\uff1a\u571f\u53f0\u69cb\u7bc9\uff08\u5bb6\u8a08\u7ba1\u7406\u3068\u751f\u6d3b\u9632\u885b\u8cc7\u91d1\uff09<\/b><\/p>\n<p data-path-to-node=\"87,0,0\">\u6295\u8cc7\u3092\u59cb\u3081\u308b\u524d\u306b\u3001\u6bce\u6708\u306e\u53ce\u652f\u3092\u30d7\u30e9\u30b9\u306b\u3057\u3001\u4e07\u304c\u4e00\u306e\u75c5\u6c17\u3084\u5931\u696d\u306b\u5099\u3048\u308b\u300c\u751f\u6d3b\u9632\u885b\u8cc7\u91d1\uff08\u751f\u6d3b\u8cbb\u306e3\u301c6\u30f6\u6708\u5206\uff09\u300d\u3092\u73fe\u91d1\u3067\u78ba\u4fdd\u3057\u307e\u3059\u3002\u6295\u8cc7\u306b\u56de\u3059\u306e\u306f\u5fc5\u305a\u5931\u3063\u3066\u3082\u751f\u6d3b\u304c\u7834\u7dbb\u3057\u306a\u3044\u300c\u4f59\u5270\u8cc7\u91d1\u300d\u3067\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"87,1,0\"><b data-path-to-node=\"87,1,0\" data-index-in-node=\"0\">Step 2\uff1a\u5168\u4f53\u6700\u9069\uff08\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u6295\u8cc7\u30fbETF\uff09<\/b><\/p>\n<p data-path-to-node=\"87,1,0\">\u500b\u5225\u306e\u9298\u67c4\u9078\u3073\u3067\u5931\u6557\u3059\u308b\u30ea\u30b9\u30af\u3092\u907f\u3051\u308b\u305f\u3081\u3001\u307e\u305a\u306f\u5e02\u5834\u5168\u4f53\u306b\u4e38\u3054\u3068\u6295\u8cc7\u3067\u304d\u308b\u300c\u5168\u4e16\u754c\u682a\u5f0f\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u300d\u3084\u300cJ-REIT ETF \/ \u6295\u8cc7\u4fe1\u8a17\u300d\u3092\u6d3b\u7528\u3057\u307e\u3059\u3002\u5c11\u984d\u304b\u3089\u81ea\u52d5\u7a4d\u7acb\u3092\u884c\u3044\u3001\u8907\u5229\u306e\u529b\u3068\u5206\u6563\u52b9\u679c\u3092\u4f53\u611f\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"87,2,0\"><b data-path-to-node=\"87,2,0\" data-index-in-node=\"0\">Step 3\uff1a\u500b\u5225\u9078\u629e\uff08\u03b1\u306e\u8ffd\u6c42\u30fb\u500b\u5225\u5206\u6790\uff09<\/b><\/p>\n<p data-path-to-node=\"87,2,0\">\u57fa\u790e\u7684\u306a\u5e02\u5834\u77e5\u8b58\u304c\u8eab\u306b\u3064\u3044\u305f\u5f8c\u3001\u672c\u8a18\u4e8b\u3067\u89e3\u8aac\u3057\u305f\u300cLTV\u300d\u300cNAV\u500d\u7387\u300d\u300cNOI\u5229\u56de\u308a\u300d\u306a\u3069\u306e\u6307\u6a19\u3092\u7528\u3044\u3066\u6c7a\u7b97\u8cc7\u6599\u3092\u8aad\u307f\u89e3\u304d\u3001\u5272\u5b89\u653e\u7f6e\u3055\u308c\u305f\u500b\u5225J-REIT\u9298\u67c4\u3084\u500b\u5225\u682a\u306e\u9078\u5225\u3078\u30b9\u30c6\u30c3\u30d7\u30a2\u30c3\u30d7\u3057\u307e\u3059\u3002<\/p>\n<\/li>\n<\/ol>\n<h2 data-path-to-node=\"89\" id=\"p-rc_2516184867665a13-2689\"><span class=\"citation-7757 citation-end-7757\">\u7d50\u8ad6\uff1a\u77e5\u8b58\u306f\u6700\u5927\u306e\u9632\u5fa1\u3067\u3042\u308a\u3001\u6301\u7d9a\u7684\u306a\u30ea\u30bf\u30fc\u30f3\u3092\u3082\u305f\u3089\u3059<source-footnote ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c1759674762=\"\"><sup _ngcontent-ng-c1759674762=\"\" class=\"superscript\" data-turn-source-index=\"1\"><\/sup><\/source-footnote><\/span><sources-carousel-inline ng-version=\"0.0.0-PLACEHOLDER\" _nghost-ng-c1239635139=\"\"><source-inline-chip _ngcontent-ng-c1239635139=\"\" _nghost-ng-c3332920951=\"\" class=\"ng-star-inserted\"><\/source-inline-chip><\/sources-carousel-inline><\/h2>\n<p data-path-to-node=\"90\">J-REIT\u306f\u3001\u5c11\u984d\u304b\u3089\u65e5\u672c\u306e\u512a\u826f\u306a\u4e0d\u52d5\u7523\u7fa4\u3078\u5206\u6563\u6295\u8cc7\u3067\u304d\u3001\u9ad8\u3044\u5206\u914d\u91d1\u3092\u5f97\u3089\u308c\u308b\u6975\u3081\u3066\u9b45\u529b\u7684\u306a\u91d1\u878d\u5546\u54c1\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u91d1\u5229\u306e\u4e0a\u6607\u3084\u7269\u4ef6\u306e\u8001\u673d\u5316\u3001\u30d0\u30ea\u30e5\u30fc\u30c8\u30e9\u30c3\u30d7\u3068\u3044\u3063\u305f\u30ea\u30b9\u30af\u3082\u660e\u78ba\u306b\u5b58\u5728\u3057\u307e\u3059\u3002<\/p>\n<p data-path-to-node=\"91\">\u6295\u8cc7\u306b\u304a\u3051\u308b\u672c\u5f53\u306e\u30ea\u30b9\u30af\u3068\u306f\u3001\u4fa1\u683c\u306e\u5909\u52d5\u305d\u306e\u3082\u306e\u3067\u306f\u306a\u304f\u3001\u300c\u81ea\u5206\u304c\u6295\u8cc7\u3057\u3066\u3044\u308b\u69cb\u9020\u3092\u7406\u89e3\u3057\u3066\u3044\u306a\u3044\u3053\u3068\uff08\u7121\u77e5\uff09\u300d\u3067\u3059\u3002<\/p>\n<p data-path-to-node=\"92\">\u6b63\u3057\u3044\u91d1\u878d\u77e5\u8b58\u3092\u8eab\u306b\u3064\u3051\u3001\u30ea\u30b9\u30af\u3068\u30ea\u30bf\u30fc\u30f3\u306e\u4ed5\u7d44\u307f\u3092\u7406\u89e3\u3057\u3066\u884c\u52d5\u3092\u8d77\u3053\u3059\u3053\u3068\u3053\u305d\u304c\u3001\u30a4\u30f3\u30d5\u30ec\u6642\u4ee3\u3092\u751f\u304d\u629c\u304f\u305f\u3081\u306e\u6700\u3082\u78ba\u5b9f\u306a\u81ea\u5df1\u6295\u8cc7\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<div><\/div>\n<div class=\"xcd-attention-8 xcd-col5 xcd-ripple\">\n<div class=\"xcd-title\"><span style=\"font-size: 18pt;\">\u30d7\u30ed\u306e\u77e5\u8b58\u304c\u7121\u6599\u3067\u5b66\u3079\u307e\u3059<\/span><\/div>\n<div class=\"xcd-content\">\n<p><span style=\"font-size: 14pt;\"><strong>\u300c\u6295\u8cc7\u306e\u52c9\u5f37\u3092\u4f55\u304b\u3089\u3084\u3063\u3066\u3044\u3044\u304b\u308f\u304b\u3089\u306a\u3044\u300d\u300c\u6295\u8cc7\u3067\u8cc7\u7523\u3092\u4f5c\u308a\u305f\u3044\u3001\u53ce\u5165\u3092\u5897\u3084\u3057\u305f\u3044\u300d<\/strong><\/span><\/p>\n<p>\u305d\u3093\u306a\u6642\u306f<b><span class=\"f-marker-p\">\u7121\u6599\u3067\u8996\u8074\u3067\u304d\u308b\u30aa\u30f3\u30e9\u30a4\u30f3\u8b1b\u5ea7\u300c<a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=cta&amp;utm_content=ueoka\">GFS\u76e3\u4fee \u6295\u8cc7\u306e\u9054\u4eba\u8b1b\u5ea7<\/a>\u300d\u3092\u307e\u305a\u306f\u304a\u8a66\u3057\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/span><\/b><\/p>\n<p>\u6295\u8cc7\u306e\u9054\u4eba\u306b\u306a\u308b\u6295\u8cc7\u8b1b\u5ea7\u306f\u3001\u751f\u5f92\u657050,000\u4eba\u3092\u8d85\u3048\u8b1b\u7fa9\u6570\u65e5\u672c\u4e00\u306e\u6295\u8cc7\u30b9\u30af\u30fc\u30eb<a href=\"https:\/\/gfs.tokyo\/\">GFS<\/a>\u304c\u63d0\u4f9b\u3059\u308b\u7121\u6599\u30aa\u30f3\u30e9\u30a4\u30f3\u8b1b\u5ea7\u3067\u3059\u3002\u30d7\u30ed\u306e\u6295\u8cc7\u5bb6\u3067\u3042\u308b\u8b1b\u5e2b\u304c\u3001\u672a\u7d4c\u9a13\u8005\u3084\u82e6\u624b\u610f\u8b58\u304c\u3042\u308b\u4eba\u3067\u3082\u5206\u304b\u308b\u3088\u3046\u306b\u3001\u6295\u8cc7\u306e\u4ed5\u7d44\u307f\u3084\u5168\u4f53\u50cf\u3001\u30eb\u30fc\u30eb\u3092\u57fa\u790e\u304b\u3089\u56f3\u89e3\u3092\u4ea4\u3048\u3066\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<p>\u6295\u8cc7\u306e\u52c9\u5f37\u3092\u306a\u308b\u3079\u304f\u52b9\u7387\u3088\u304f\u59cb\u3081\u305f\u3044\u4eba\u306f\u3001\u305c\u3072\u4e00\u5ea6\u3054\u8996\u8074\u304f\u3060\u3055\u3044\u3002<\/p>\n<div class=\"cv-btn-wrap\">\n<div class=\"cv-copy\" style=\"text-align: center;\"><strong><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=cta&amp;utm_content=ueoka\">\uff3c1\u5206\u3067\u7c21\u5358\u7533\u8fbc\uff0f<\/a><\/strong><\/div>\n<div class=\"cv-btn\" style=\"text-align: center;\"><strong><span class=\"cv-em\">\u7121\u6599<\/span><\/strong><br \/>\n<strong><span class=\"cv-text\"><a href=\"https:\/\/toushi-up.com\/ow\/05.html?utm_source=article&amp;utm_medium=cta&amp;utm_content=ueoka\">\u30aa\u30f3\u30e9\u30a4\u30f3\u8b1b\u5ea7\u306f\u3053\u3061\u3089<\/a><\/span><\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h3 data-path-to-node=\"4\">\u3010\u91cd\u8981\u3011\u514d\u8cac\u4e8b\u9805<\/h3>\n<ul data-path-to-node=\"5\">\n<li>\n<p data-path-to-node=\"5,0,0\"><b data-path-to-node=\"5,0,0\" data-index-in-node=\"0\">\u6295\u8cc7\u5224\u65ad\u306e\u6700\u7d42\u8cac\u4efb\uff1a<\/b> \u672c\u8a18\u4e8b\u3067\u7d39\u4ecb\u3057\u3066\u3044\u308b\u9298\u67c4\u3084\u30bb\u30af\u30bf\u30fc\u3001\u5206\u6790\u5185\u5bb9\u306f\u3001\u60c5\u5831\u63d0\u4f9b\u304a\u3088\u3073\u5b66\u7fd2\u306e\u5553\u767a\u306e\u307f\u3092\u76ee\u7684\u3068\u3057\u3066\u304a\u308a\u3001\u7279\u5b9a\u306e\u9298\u67c4\u306e\u58f2\u8cb7\u3092\u63a8\u5968\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u6295\u8cc7\u306b\u95a2\u3059\u308b\u6700\u7d42\u6c7a\u5b9a\u306f\u3001\u5fc5\u305a\u3054\u81ea\u8eab\u306e\u5224\u65ad\u3068\u8cac\u4efb\u3067\u884c\u3063\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"5,1,0\"><b data-path-to-node=\"5,1,0\" data-index-in-node=\"0\">\u6210\u679c\u306e\u975e\u4fdd\u8a3c\uff1a<\/b> \u904e\u53bb\u306e\u30c7\u30fc\u30bf\u3084\u4e88\u6e2c\u306f\u3001\u5c06\u6765\u306e\u6295\u8cc7\u6210\u679c\u3092\u4fdd\u8a3c\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u5e02\u5834\u74b0\u5883\u306e\u5909\u5316\u306b\u3088\u308a\u3001\u8cc7\u7523\u304c\u6e1b\u5c11\u3059\u308b\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"5,2,0\"><b data-path-to-node=\"5,2,0\" data-index-in-node=\"0\">\u60c5\u5831\u306e\u6b63\u78ba\u6027\uff1a<\/b> 2026\u5e74\u6642\u70b9\u306e\u60c5\u5831\u306b\u57fa\u3065\u304d\u4f5c\u6210\u3055\u308c\u3066\u3044\u307e\u3059\u304c\u3001\u305d\u306e\u6b63\u78ba\u6027\u3084\u5b8c\u5168\u6027\u3092\u4fdd\u8a3c\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u6700\u65b0\u306e\u696d\u7e3e\u3084\u30cb\u30e5\u30fc\u30b9\u306f\u3001\u5fc5\u305a\u5404\u4f01\u696d\u306eIR\u30b5\u30a4\u30c8\u3084\u4e00\u6b21\u8cc7\u6599\u3067\u3054\u78ba\u8a8d\u304f\u3060\u3055\u3044\u3002<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"5,3,0\"><b data-path-to-node=\"5,3,0\" data-index-in-node=\"0\">\u640d\u5931\u306e\u88dc\u511f\uff1a<\/b> \u672c\u8a18\u4e8b\u306e\u5185\u5bb9\u306b\u57fa\u3065\u3044\u3066\u88ab\u3063\u305f\u3044\u304b\u306a\u308b\u640d\u5bb3\uff08\u76f4\u63a5\u7684\u30fb\u9593\u63a5\u7684\u3092\u554f\u308f\u305a\uff09\u306b\u3064\u3044\u3066\u3082\u3001\u7b46\u8005\u306f\u4e00\u5207\u306e\u8cac\u4efb\u3092\u8ca0\u3044\u307e\u305b\u3093\u3002<\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u30102026\u5e74\u6700\u65b0\u3011J-REIT\u6295\u8cc7\u306e\u5b8c\u5168\u653b\u7565\uff01\u5229\u56de\u308a\u306e\u4ed5\u7d44\u307f\u30fb\u8ca1\u52d9\u5206\u6790\u30fb\u304a\u3059\u3059\u3081\u9298\u67c4\u30fb\u30d0\u30ea\u30e5\u30fc\u30c8\u30e9\u30c3\u30d7\u56de\u907f\u307e\u3067\u89e3\u8aac \u8cc7\u7523\u5f62\u6210\u306e\u624b\u6bb5\u3068\u3057\u3066\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u5f37\u304f\u9ad8\u3044\u30a4\u30f3\u30ab\u30e0\u30b2\u30a4\u30f3\uff08\u5206\u914d\u91d1\uff09\u304c\u671f\u5f85\u3067\u304d\u308bJ-REIT\uff08\u65e5\u672c\u7248\u4e0d\u52d5\u7523\u6295 [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":31828,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11,12],"acf":[],"_links":{"self":[{"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/posts\/31823"}],"collection":[{"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/comments?post=31823"}],"version-history":[{"count":7,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/posts\/31823\/revisions"}],"predecessor-version":[{"id":31859,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/posts\/31823\/revisions\/31859"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/media\/31828"}],"wp:attachment":[{"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/media?parent=31823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/official.gfs.tokyo\/blog\/wp-json\/wp\/v2\/categories?post=31823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}