Real estate mutual funds have been formed in our country a long time ago, but until now, many of us have never seen its definition. REIT is a fund that invests the assets of shareholders in various properties. However, in various media, as well as from the mouth of the investors themselves more often we can hear the expression "ZPIF estate" because all mutual funds are closed.

The closed real estate funds may explain a few reasons. Firstly, real estate mutual funds, as a rule, are long-term, and therefore can be successful only after a considerable period of time. It is natural to assume that before the profit from the investments in this or that object, the object of this project is to be planned and implemented, built and sold, and only then you can make a profit from the real estate mutual funds. That's why investors who are investing their money in the real estate mutual funds are not allowed to withdraw the money invested until the end of the life of the fund, because otherwise the construction of the facility may be suspended, that will undoubtedly cause damage to other shareholders, which have come into the fund.

Secondly, the number of shares received by the investors is strictly limited, and additional investment during the subsequent life of the real estate mutual funds (after it has been formed) is impossible.