System for managing real estate SWAP accounts
First Claim
1. A system for managing a plurality of accounts that correspond to a selected position in a future appreciation of a select real estate asset comprising;
- data entry means for receiving and processing a select set of parameters corresponding to an applicant for exchanging a position in real estate for a return tied to a non-real estate asset;
database development means for receiving plural account participants and attendant data thereon and storing said data in an addressable database;
participant qualification means for selectively qualifying real estate properties as suitable participants in said system;
system management means for processing incoming participant event data and updating said database in accordance therewith; and
investment pool processing means for collecting data on said real estate assets and processing said data to form one or more investment pools, wherein said pools include plural real assets each having at least one common property characteristic.
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Accused Products
Abstract
A data processing system for managing a plurality of discrete accounts. Each account provides a swap between a property holder and the plan manager wherein the holder dilutes their exposure to the real estate market by exchanging future appreciation of the property for a current cash flow stream. The system thereafter implements the packaging of plural accounts into baskets of real estate assets and sells this real estate exposure to the institutional market. The data processor retains a system equilibrium by continuously updating the relative positions and the control parameters influencing these positions.
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Citations
19 Claims
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1. A system for managing a plurality of accounts that correspond to a selected position in a future appreciation of a select real estate asset comprising;
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data entry means for receiving and processing a select set of parameters corresponding to an applicant for exchanging a position in real estate for a return tied to a non-real estate asset; database development means for receiving plural account participants and attendant data thereon and storing said data in an addressable database; participant qualification means for selectively qualifying real estate properties as suitable participants in said system; system management means for processing incoming participant event data and updating said database in accordance therewith; and investment pool processing means for collecting data on said real estate assets and processing said data to form one or more investment pools, wherein said pools include plural real assets each having at least one common property characteristic. - View Dependent Claims (2, 3, 4, 5)
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6. A system for processing data corresponding to a plurality of individual investor accounts:
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account processor swap means for converting account parameters into a current income steam and a future correspondence to a valuation change of a select real estate asset, account processor database means for storing and tracking a plurality of separate accounts to effect a net aggregate position and to update said future correspondence to a valuation change due to intervening events, account processor distribution means for distributing a stake in said future correspondence to a valuation change to real estate investors, wherein said distribution means balances a portfolio of investments to insure limited investment exposure by a system manager; and investment pool processing means for collecting data on said real estate assests and processing said data to form one or more investment pools, wherein said pools include plural real estate assets each having at least one common property characteristic. - View Dependent Claims (7, 8, 9, 10)
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11. A data processing method for managing a plurality of individual accounts wherein each account corresponds to a participant, wherein said participant owns a real estate asset, said method comprising the steps of:
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a) creating an account database of separate participant accounts wherein said database comprises a plurality of account entries and each account entry includes participant information stored in physical memory locations in an addressable memory means, said participation information comprises data on said participant and said real estate asset owned by said participant; b) inputting data on a periodic and/or event driven basis wherein said inputted data is stored in system memory and includes transactional information relating to one or more of said participant accounts; c) processing said inputted data in accordance with program controlled logic defining an investment equity contract relationship, exchanging a first exposure in said real estate asset corresponding to a change in value thereof, for a defined return, wherein said processing of said inputted data provides a change in one or more parameters associated to said participant account; d) creating an aggregate investment pool of real estate assets each having at least one common property characteristic; and e) updating said account database with said changed parameters to support interim report generation and select output of one or more asset activities wherein asset activities include payment of funds to an account participant, and collection of funds pursuant to a real estate asset sale. - View Dependent Claims (12, 13, 14, 15)
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16. A system for managing a plurality of real estate equity accounts and a plurality of real estate investor accounts comprising:
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a) a first database means for storing in electronic form a series of data entries corresponding to one or more real estate assets; b) a second database means for storing in electronic form a series of data entries corresponding to one or more investors participating in defined investment relationships in said real estate asset exposures; c) data processing means for periodic manipulation of said data entries in said first and second database to track and update said databases in accordance with controlling logic, wherein said controlling logic defines a return of income to a group of real estate asset owners and a participation by said investors corresponding to a change in asset value over time, wherein said second database means includes record storage means for aggregated pools of said real estate assets grouped based on at least one common property characteristic. - View Dependent Claims (17, 18, 19)
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Specification