{"id":117598,"date":"2025-09-30T11:06:46","date_gmt":"2025-09-30T02:06:46","guid":{"rendered":"https:\/\/www.kotora.jp/c\/?p=117598"},"modified":"2026-04-17T14:24:39","modified_gmt":"2026-04-17T05:24:39","slug":"real_eatate_fund_926","status":"publish","type":"post","link":"https:\/\/www.kotora.jp/c\/real_eatate_fund_926\/","title":{"rendered":"\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\uff1a\u91d1\u878d\u696d\u754c\u51fa\u8eab\u8005\u306b\u6c42\u3081\u3089\u308c\u308b\u5c02\u9580\u6027\u3068\u8a55\u4fa1\u624b\u6cd5"},"content":{"rendered":"
\n\t\n\n\t\n\t
\n\t\t\t\t\t

\u76ee\u6b21<\/h2>\n\t\t\n\t\t
<\/div>\n\t<\/div>\n<\/div>\n<\/div>\n\n\n\n
\n
\u30ad\u30e3\u30ea\u30a2\u9762\u8ac7\uff08\u7121\u6599\uff09\u306f\u3053\u3061\u3089\u304b\u3089<\/strong><\/span>\u696d\u754c\u51fa\u8eab\u306e\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u304c\u5185\u5b9a\u307e\u3067\u5168\u3066\u7121\u6599\u3067\u4f34\u8d70\u3044\u305f\u3057\u307e\u3059\u3002<\/span><\/span><\/a><\/div>\n<\/div>\n\n\n\n

\u91d1\u878d\u3068\u4e0d\u52d5\u7523\u306e\u4ea4\u5dee\u70b9\u3001\u300c\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u300d<\/h2>\n\n\n\n

\u91d1\u878d\u696d\u754c\u3067\u57f9\u3063\u305f\u5c02\u9580\u77e5\u8b58\u3084\u5206\u6790\u80fd\u529b\u3092\u3001\u65b0\u305f\u306a\u30d5\u30a3\u30fc\u30eb\u30c9\u3067\u6d3b\u304b\u3057\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u65b9\u306b\u3068\u3063\u3066\u3001\u4e0d\u52d5\u7523\u3068\u3044\u3046\u5b9f\u7269\u8cc7\u7523\u3092\u6271\u3046\u30a2\u30bb\u30c3\u30c8\u30af\u30e9\u30b9\u306f\u3001\u6975\u3081\u3066\u9b45\u529b\u7684\u306a\u9078\u629e\u80a2\u306e\u4e00\u3064\u3067\u3059\u3002\u305d\u306e\u4e2d\u3067\u3082\u3001\u8fd1\u5e74\u3001\u7279\u306b\u5e02\u5834\u306e\u62e1\u5927\u3068\u591a\u69d8\u5316\u304c\u9032\u3093\u3067\u3044\u308b\u306e\u304c\u300c\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u300d\u306e\u4e16\u754c\u3067\u3059\u3002<\/p>\n\n\n\n

\u3053\u308c\u306f\u3001\u5f93\u6765\u3001\u4e00\u90e8\u306e\u5bcc\u88d5\u5c64\u3084\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306b\u9650\u3089\u308c\u3066\u3044\u305f\u4e0d\u52d5\u7523\u6295\u8cc7\u306e\u6a5f\u4f1a\u3092\u3001\u3088\u308a\u5e45\u5e83\u3044\u6295\u8cc7\u5bb6\u5c64\u306b\u63d0\u4f9b\u3059\u308b\u305f\u3081\u306b\u751f\u307e\u308c\u305f\u91d1\u878d\u5546\u54c1\u3067\u3059\u3002\u4e0d\u52d5\u7523\u3068\u3044\u3046\u5b89\u5b9a\u3057\u305f\u8cc7\u7523\u3092\u57fa\u76e4\u306b\u3057\u306a\u304c\u3089\u3082\u3001\u591a\u69d8\u306a\u91d1\u878d\u30b9\u30ad\u30fc\u30e0\u3092\u99c6\u4f7f\u3057\u3066\u7d44\u6210\u3055\u308c\u3066\u304a\u308a\u3001\u305d\u306e\u8a55\u4fa1\u30fb\u5206\u6790\u306b\u306f\u9ad8\u5ea6\u306a\u5c02\u9580\u6027\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n

\u672c\u8a18\u4e8b\u306f\u3001\u91d1\u878d\u696d\u754c\u3067\u306e\u7d4c\u9a13\u3092\u6301\u3064\u65b9\u3092\u30e1\u30a4\u30f3\u30bf\u30fc\u30b2\u30c3\u30c8\u306b\u3001\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u306e\u57fa\u672c\u7684\u306a\u4ed5\u7d44\u307f\u304b\u3089\u3001\u305d\u306e\u80cc\u666f\u306b\u3042\u308b\u6cd5\u5236\u5ea6\u3001\u305d\u3057\u3066\u30d7\u30ed\u3068\u3057\u3066\u5546\u54c1\u3092\u8a55\u4fa1\u30fb\u5206\u6790\u3059\u308b\u305f\u3081\u306b\u4e0d\u53ef\u6b20\u306a\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u306e\u8996\u70b9\u307e\u3067\u3001\u30ad\u30e3\u30ea\u30a2\u5f62\u6210\u306b\u76f4\u7d50\u3059\u308b\u77e5\u8b58\u3092\u4f53\u7cfb\u7684\u306b\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

\uff1e\u30b3\u30c8\u30e9\u306b\u76f8\u8ac7<\/a>\u3059<\/a>\u308b\u3010\u7121\u6599<\/a>\u3011<\/a><\/span><\/strong><\/p>\n\n\n\n

\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u306e\u57fa\u672c\u69cb\u9020<\/h2>\n\n\n\n

\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u306e\u5b9a\u7fa9\u3068\u4ed5\u7d44\u307f<\/h3>\n\n\n\n

\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u3068\u306f\u3001\u30de\u30f3\u30b7\u30e7\u30f3\u3084\u30aa\u30d5\u30a3\u30b9\u30d3\u30eb\u3001\u5546\u696d\u65bd\u8a2d\u3068\u3044\u3063\u305f\u7279\u5b9a\u306e\u73fe\u7269\u4e0d\u52d5\u7523\u3092\u6cd5\u5f8b\u4e0a\u30fb\u4f1a\u8a08\u4e0a\u306e\u5de5\u592b\u306b\u3088\u3063\u3066\u5c0f\u53e3\u306e\u6709\u4fa1\u8a3c\u5238\u3084\u6301\u5206\u306b\u5206\u5272\u3057\u3001\u4e00\u53e3\u3042\u305f\u308a\u6570\u4e07\u5186\u304b\u3089\u6570\u767e\u4e07\u5186\u3068\u3044\u3063\u305f\u5c11\u984d\u304b\u3089\u6295\u8cc7\u3067\u304d\u308b\u3088\u3046\u306b\u3057\u305f\u91d1\u878d\u5546\u54c1\u306e\u7dcf\u79f0\u3067\u3059\u3002<\/p>\n\n\n\n

\u305d\u306e\u57fa\u672c\u7684\u306a\u4ed5\u7d44\u307f\u306f\u3001\u8907\u6570\u306e\u6295\u8cc7\u5bb6\u304b\u3089\u96c6\u3081\u305f\u8cc7\u91d1\u3067\u4e0d\u52d5\u7523\u3092\u8cfc\u5165\u3057\u3001\u305d\u306e\u4e0d\u52d5\u7523\u304b\u3089\u5f97\u3089\u308c\u308b\u8cc3\u6599\u53ce\u5165\uff08\u30a4\u30f3\u30ab\u30e0\u30b2\u30a4\u30f3\uff09\u3084\u58f2\u5374\u76ca\uff08\u30ad\u30e3\u30d4\u30bf\u30eb\u30b2\u30a4\u30f3\uff09\u3092\u3001\u51fa\u8cc7\u984d\u306b\u5fdc\u3058\u3066\u6295\u8cc7\u5bb6\u306b\u5206\u914d\u3059\u308b\u3068\u3044\u3046\u3082\u306e\u3067\u3059\u3002\u3053\u308c\u306b\u3088\u308a\u3001\u500b\u4eba\u6295\u8cc7\u5bb6\u3067\u3082\u6bd4\u8f03\u7684\u5bb9\u6613\u306b\u4e0d\u52d5\u7523\u3078\u306e\u5206\u6563\u6295\u8cc7\u304c\u53ef\u80fd\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u4e8b\u696d\u306e\u6839\u5e79\u3092\u6210\u3059\u300c\u5951\u7d04\u30b9\u30ad\u30fc\u30e0\u300d\uff1a\u533f\u540d\u7d44\u5408\u3068\u4efb\u610f\u7d44\u5408<\/h3>\n\n\n\n

\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u306f\u3001\u6295\u8cc7\u5bb6\u3068\u4e8b\u696d\u8005\u3068\u306e\u9593\u306e\u300c\u5951\u7d04\u5f62\u614b\u300d\u306b\u3088\u3063\u3066\u3001\u305d\u306e\u6027\u8cea\u304c\u5927\u304d\u304f\u7570\u306a\u308a\u307e\u3059\u3002\u4e3b\u8981\u306a\u30b9\u30ad\u30fc\u30e0\u306f\u4ee5\u4e0b\u306e2\u3064\u3067\u3059\u3002<\/p>\n\n\n\n

\u533f\u540d\u7d44\u5408\uff08TK\uff09\u5951\u7d04\u578b<\/h4>\n\n\n\n

\u5546\u6cd5\u306b\u57fa\u3065\u304f\u5951\u7d04\u3067\u3059\u3002\u4e8b\u696d\u8005\uff08\u904b\u55b6\u4f1a\u793e\uff09\u304c\u4e8b\u696d\u4e3b\u4f53\u3068\u306a\u308a\u3001\u6295\u8cc7\u5bb6\u306f\u533f\u540d\u7d44\u5408\u5951\u7d04\u3092\u901a\u3058\u3066\u51fa\u8cc7\u3092\u884c\u3044\u307e\u3059\u3002\u4e0d\u52d5\u7523\u306e\u6240\u6709\u6a29\u306f\u4e8b\u696d\u8005\u306b\u5e30\u5c5e\u3057\u3001\u6295\u8cc7\u5bb6\u306f\u4e8b\u696d\u304b\u3089\u751f\u3058\u308b\u5229\u76ca\u306e\u5206\u914d\u3092\u53d7\u3051\u308b\u6a29\u5229\u3092\u6301\u3061\u307e\u3059\u3002\u6295\u8cc7\u5bb6\u306f\u6709\u9650\u8cac\u4efb\u3067\u3042\u308a\u3001\u51fa\u8cc7\u984d\u4ee5\u4e0a\u306e\u640d\u5931\u3092\u8ca0\u3046\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n

\u4efb\u610f\u7d44\u5408\uff08NK\uff09\u5951\u7d04\u578b<\/h4>\n\n\n\n

\u6c11\u6cd5\u306b\u57fa\u3065\u304f\u5951\u7d04\u3067\u3059\u3002\u6295\u8cc7\u5bb6\u3068\u4e8b\u696d\u8005\u304c\u5171\u540c\u3067\u4e0d\u52d5\u7523\u3092\u6240\u6709\u3057\u3001\u4e8b\u696d\u3092\u9042\u884c\u3059\u308b\u65b9\u5f0f\u3067\u3059\u3002\u4e0d\u52d5\u7523\u306e\u5171\u6709\u6301\u5206\u3092\u6301\u3064\u305f\u3081\u3001\u76f8\u7d9a\u7a0e\u5bfe\u7b56\u3068\u3057\u3066\u6d3b\u7528\u3055\u308c\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002\u6295\u8cc7\u5bb6\u306f\u7121\u9650\u8cac\u4efb\u3092\u8ca0\u3046\u305f\u3081\u3001\u640d\u5931\u304c\u51fa\u305f\u5834\u5408\u306f\u51fa\u8cc7\u984d\u3092\u8d85\u3048\u3066\u8ca0\u62c5\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u6295\u8cc7\u5bb6\u3092\u4fdd\u8b77\u3059\u308b\u300c\u30eb\u30fc\u30eb\u300d\uff1a\u4e0d\u52d5\u7523\u7279\u5b9a\u5171\u540c\u4e8b\u696d\u6cd5\uff08\u4e0d\u7279\u6cd5\uff09<\/h4>\n\n\n\n

\u4e0a\u8a18\u306e\u5951\u7d04\u30b9\u30ad\u30fc\u30e0\u3092\u7528\u3044\u3066\u3001\u8907\u6570\u306e\u6295\u8cc7\u5bb6\u304b\u3089\u8cc7\u91d1\u3092\u96c6\u3081\u3066\u4e0d\u52d5\u7523\u53d6\u5f15\u3092\u884c\u3046\u4e8b\u696d\u306f\u3001\u4e0d\u52d5\u7523\u7279\u5b9a\u5171\u540c\u4e8b\u696d\u6cd5\uff08\u4e0d\u7279\u6cd5\uff09\u3068\u3044\u3046\u6cd5\u5f8b\u306b\u3088\u3063\u3066\u898f\u5236\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u4e8b\u696d\u306e\u5065\u5168\u306a\u767a\u5c55\u3068\u6295\u8cc7\u5bb6\u4fdd\u8b77\u3092\u76ee\u7684\u3068\u3059\u308b\u91cd\u8981\u306a\u30eb\u30fc\u30eb\u3067\u3059\u3002<\/p>\n\n\n\n

\u4e0d\u7279\u6cd5\u306b\u57fa\u3065\u304f\u4e8b\u696d\u3092\u884c\u3046\u306b\u306f\u3001\u56fd\u571f\u4ea4\u901a\u5927\u81e3\u307e\u305f\u306f\u90fd\u9053\u5e9c\u770c\u77e5\u4e8b\u306e\u8a31\u53ef\u30fb\u767b\u9332\u304c\u5fc5\u8981\u3067\u3042\u308a\u3001\u4e8b\u696d\u8005\u306f\u53b3\u3057\u3044\u60c5\u5831\u958b\u793a\u7fa9\u52d9\u3084\u8ca1\u52d9\u8981\u4ef6\uff08\u8cc7\u672c\u91d1\u306a\u3069\uff09\u3092\u30af\u30ea\u30a2\u3057\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002\u7279\u306b\u3001\u30a4\u30f3\u30bf\u30fc\u30cd\u30c3\u30c8\u3092\u901a\u3058\u3066\u591a\u304f\u306e\u6295\u8cc7\u5bb6\u304b\u3089\u8cc7\u91d1\u3092\u96c6\u3081\u308b\u300c\u4e0d\u52d5\u7523\u6295\u8cc7\u578b\u30af\u30e9\u30a6\u30c9\u30d5\u30a1\u30f3\u30c7\u30a3\u30f3\u30b0\u300d\u306e\u591a\u304f\u306f\u3001\u3053\u306e\u4e0d\u7279\u6cd5\u306e\u67a0\u7d44\u307f\u306b\u57fa\u3065\u3044\u3066\u904b\u55b6\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

\u3064\u307e\u308a\u3001TK\u3084NK\u304c\u5546\u54c1\u306e\u300c\u4e2d\u8eab\uff08\u5951\u7d04\u5f62\u614b\uff09\u300d\u3067\u3042\u308b\u306e\u306b\u5bfe\u3057\u3001\u4e0d\u7279\u6cd5\u306f\u305d\u306e\u5546\u54c1\u3092\u6295\u8cc7\u5bb6\u306b\u63d0\u4f9b\u3059\u308b\u305f\u3081\u306e\u300c\u30eb\u30fc\u30eb\uff08\u898f\u5236\uff09\u300d\u3068\u7406\u89e3\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n

\uff1e\u30b3\u30c8\u30e9\u306b\u76f8\u8ac7<\/a>\u3059<\/a>\u308b\u3010\u7121\u6599<\/a>\u3011<\/a><\/span><\/strong><\/p>\n\n\n\n

\u91d1\u878d\u696d\u754c\u51fa\u8eab\u8005\u304c\u6c42\u3081\u3089\u308c\u308b\u5f79\u5272\u3068\u5c02\u9580\u6027<\/h2>\n\n\n\n

\u91d1\u878d\u696d\u754c\u3067\u57f9\u3063\u305f\u30b9\u30ad\u30eb\u306f\u3001\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u306e\u4e16\u754c\u3067\u5927\u3044\u306b\u6d3b\u304b\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n

\u91d1\u878d\u30e2\u30c7\u30eb\u306e\u69cb\u7bc9\u3068\u5206\u6790\u80fd\u529b<\/h3>\n\n\n\n

\u4e0d\u52d5\u7523\u304b\u3089\u751f\u3058\u308b\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08\u8cc3\u6599\u53ce\u5165\u3001\u58f2\u5374\u76ca\uff09\u3092\u6b63\u78ba\u306b\u4e88\u6e2c\u3057\u3001\u91d1\u5229\u5909\u52d5\u3084\u7a7a\u5ba4\u7387\u3068\u3044\u3063\u305f\u30ea\u30b9\u30af\u3092\u5b9a\u91cf\u7684\u306b\u8a55\u4fa1\u3059\u308b\u80fd\u529b\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002\u5177\u4f53\u7684\u306b\u306f\u3001DCF\uff08Discounted Cash Flow\uff09\u6cd5\u3092\u7528\u3044\u305f\u4fa1\u683c\u8a55\u4fa1\u3084\u3001\u30ec\u30d0\u30ec\u30c3\u30b8\u52b9\u679c\u3092\u5206\u6790\u3059\u308b\u8cc7\u91d1\u8abf\u9054\u30b7\u30df\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u306a\u3069\u3001\u9ad8\u5ea6\u306a\u91d1\u878d\u30e2\u30c7\u30eb\u3092\u69cb\u7bc9\u3059\u308b\u30b9\u30ad\u30eb\u304c\u91cd\u5b9d\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n

\u6cd5\u52d9\u30fb\u7a0e\u52d9\u306b\u95a2\u3059\u308b\u6df1\u3044\u77e5\u8b58<\/p>\n\n\n\n

\u533f\u540d\u7d44\u5408\u5951\u7d04\u3084\u4e0d\u7279\u6cd5\u3068\u3044\u3063\u305f\u6cd5\u5f8b\u77e5\u8b58\u306f\u3082\u3061\u308d\u3093\u3001\u6295\u8cc7\u5bb6\u306e\u6700\u7d42\u7684\u306a\u30ea\u30bf\u30fc\u30f3\u306b\u76f4\u7d50\u3059\u308b\u7a0e\u52d9\u77e5\u8b58\u3082\u4e0d\u53ef\u6b20\u3067\u3059\u3002\u4f8b\u3048\u3070\u3001\u533f\u540d\u7d44\u5408\uff08TK\uff09\u578b\u306e\u5229\u76ca\u306f\u7a0e\u52d9\u4e0a\u300c\u96d1\u6240\u5f97\u300d\u3068\u3057\u3066\u6271\u308f\u308c\u308b\u306e\u306b\u5bfe\u3057\u3001\u4efb\u610f\u7d44\u5408\uff08NK\uff09\u578b\u306e\u5229\u76ca\u306f\u300c\u4e0d\u52d5\u7523\u6240\u5f97\u300d\u3068\u3057\u3066\u6271\u308f\u308c\u307e\u3059\u3002\u4e0d\u52d5\u7523\u6240\u5f97\u306f\u4ed6\u306e\u6240\u5f97\u3068\u306e\u640d\u76ca\u901a\u7b97\u304c\u53ef\u80fd\u3067\u3042\u3063\u305f\u308a\u3001\u76f8\u7d9a\u7a0e\u8a55\u4fa1\u984d\u306e\u5727\u7e2e\u52b9\u679c\u304c\u671f\u5f85\u3067\u304d\u305f\u308a\u3068\u3001\u6295\u8cc7\u5bb6\u306e\u7a0e\u52d9\u72b6\u6cc1\u306b\u3088\u3063\u3066\u6700\u9069\u306a\u30b9\u30ad\u30fc\u30e0\u306f\u7570\u306a\u308a\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u9055\u3044\u3092\u6b63\u78ba\u306b\u7406\u89e3\u3057\u3001\u8aac\u660e\u3067\u304d\u308b\u80fd\u529b\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n

\u6295\u8cc7\u5bb6\u3078\u306e\u8aac\u660e\u8cac\u4efb\uff08\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3\u80fd\u529b\uff09<\/h3>\n\n\n\n

\u6295\u8cc7\u5bb6\u306b\u5bfe\u3057\u3066\u3001\u5546\u54c1\u306e\u7279\u6027\u3001\u30ea\u30bf\u30fc\u30f3\u3001\u305d\u3057\u3066\u30ea\u30b9\u30af\u3092\u660e\u78ba\u304b\u3064\u5206\u304b\u308a\u3084\u3059\u304f\u8aac\u660e\u3059\u308b\u80fd\u529b\u306f\u3001\u4fe1\u983c\u95a2\u4fc2\u3092\u69cb\u7bc9\u3059\u308b\u4e0a\u3067\u6700\u3082\u91cd\u8981\u3067\u3059\u3002\u307e\u305f\u3001\u91d1\u878d\u5546\u54c1\u3068\u540c\u69d8\u306b\u3001\u6295\u8cc7\u5bb6\u306b\u5bfe\u3059\u308b\u8aa0\u5b9f\u7fa9\u52d9\uff08Fiduciary Duty\uff09\u3092\u679c\u305f\u3059\u8cac\u4efb\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\uff1e\u30b3\u30c8\u30e9\u306b\u76f8\u8ac7<\/a>\u3059<\/a>\u308b\u3010\u7121\u6599<\/a>\u3011<\/a><\/span><\/strong><\/p>\n\n\n\n

\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u306b\u7279\u6709\u306e\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9<\/h2>\n\n\n\n

\u91d1\u878d\u306e\u8996\u70b9\u3092\u6301\u3064\u65b9\u304c\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u3092\u8a55\u4fa1\u3059\u308b\u5834\u5408\u3001\u5358\u306a\u308b\u7269\u4ef6\u306e\u76ee\u5229\u304d\uff08\u30d7\u30ed\u30d1\u30c6\u30a3\u30fb\u30a2\u30ca\u30ea\u30b7\u30b9\uff09\u3060\u3051\u3067\u306f\u4e0d\u5341\u5206\u3067\u3059\u3002\u672c\u5f53\u306b\u91cd\u8981\u306a\u306e\u306f\u3001\u305d\u306e\u7269\u4ef6\u3092\u5305\u3080\u91d1\u878d\u5546\u54c1\u3068\u3057\u3066\u306e\u76ee\u5229\u304d\uff08\u30a4\u30f3\u30d9\u30b9\u30c8\u30e1\u30f3\u30c8\u30fb\u30d3\u30fc\u30af\u30eb\u30fb\u30a2\u30ca\u30ea\u30b7\u30b9\uff09\u3067\u3042\u308a\u3001\u305d\u308c\u306b\u306f\u4e3b\u306b2\u3064\u306e\u7279\u6b8a\u306a\u30ea\u30b9\u30af\u8a55\u4fa1\u304c\u4e0d\u53ef\u6b20\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u2460 \u30b9\u30ad\u30fc\u30e0\u30ea\u30b9\u30af\u306e\u8a55\u4fa1\uff1a\u305d\u306e\u300c\u5668\u300d\u306f\u672c\u5f53\u306b\u5b89\u5168\u304b\uff1f<\/h4>\n\n\n\n

\u3069\u306e\u6cd5\u7684\u306a\u300c\u5668\uff08\u30b9\u30ad\u30fc\u30e0\uff09\u300d\u3092\u4f7f\u3063\u3066\u3044\u308b\u304b\u306b\u3088\u3063\u3066\u3001\u6295\u8cc7\u5bb6\u306e\u6a29\u5229\u3001\u8cac\u4efb\u3001\u305d\u3057\u3066\u7a0e\u52d9\u4e0a\u306e\u6271\u3044\u304c\u5927\u304d\u304f\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u5012\u7523\u9694\u96e2\u306e\u30ec\u30d9\u30eb\u306f\uff1f<\/h4>\n\n\n\n

\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u6700\u3082\u91cd\u8981\u306a\u306e\u306f\u3001\u4e07\u304c\u4e00\u904b\u55b6\u4e8b\u696d\u8005\u304c\u5012\u7523\u3057\u305f\u969b\u306b\u3001\u81ea\u8eab\u306e\u6295\u8cc7\u8cc7\u7523\u304c\u6cd5\u7684\u306b\u5b88\u3089\u308c\u308b\u304b\u3067\u3059\u3002\u533f\u540d\u7d44\u5408\u578b\u306e\u5834\u5408\u3001\u4e0d\u52d5\u7523\u306f\u4e8b\u696d\u8005\u306e\u8cc7\u7523\u3067\u3042\u308b\u305f\u3081\u3001\u5012\u7523\u3059\u308b\u3068\u4ed6\u306e\u50b5\u6a29\u8005\u3068\u8cc7\u7523\u3092\u5206\u3051\u5408\u3046\u3053\u3068\u306b\u306a\u308a\u3001\u5143\u672c\u304c\u6bc0\u640d\u3059\u308b\u30ea\u30b9\u30af\u304c\u4efb\u610f\u7d44\u5408\u578b\u3088\u308a\u9ad8\u304f\u306a\u308a\u307e\u3059\u3002\u4e0d\u7279\u6cd5\u306b\u57fa\u3065\u304f\u4e8b\u696d\u3067\u306f\u3001\u4e8b\u696d\u8005\u306e\u8ca1\u7523\u3068\u6295\u8cc7\u5bb6\u306e\u8ca1\u7523\u3092\u5206\u5225\u7ba1\u7406\u3059\u308b\u3053\u3068\u304c\u7fa9\u52d9\u4ed8\u3051\u3089\u308c\u3066\u304a\u308a\u3001\u3053\u306e\u30ea\u30b9\u30af\u304c\u4f4e\u6e1b\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

\u4e8b\u696d\u8005\u30ea\u30b9\u30af\u306e\u8a55\u4fa1\uff1a\u305d\u306e\u300c\u904b\u55b6\u8005\u300d\u3092\u672c\u5f53\u306b\u4fe1\u983c\u3067\u304d\u308b\u304b\uff1f<\/h4>\n\n\n\n

\u5c0f\u53e3\u5316\u5546\u54c1\u3067\u306f\u3001\u6295\u8cc7\u5bb6\u306f\u3059\u3079\u3066\u306e\u904b\u7528\u3092\u4e8b\u696d\u8005\u306b\u59d4\u4efb\u3057\u307e\u3059\u3002\u3057\u305f\u304c\u3063\u3066\u3001\u4e8b\u696d\u8005\u81ea\u8eab\u306e\u30c7\u30e5\u30fc\u30c7\u30ea\u30b8\u30a7\u30f3\u30b9\u304c\u6975\u3081\u3066\u91cd\u8981\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\u30c8\u30e9\u30c3\u30af\u30ec\u30b3\u30fc\u30c9\uff08\u904b\u7528\u5b9f\u7e3e\uff09\uff1a<\/h4>\n\n\n\n

\u904e\u53bb\u306b\u7d44\u6210\u3057\u305f\u5546\u54c1\u306e\u5b9f\u7e3e\uff08\u60f3\u5b9a\u5229\u56de\u308a\u3092\u9054\u6210\u3067\u304d\u305f\u304b\u3001\u5143\u672c\u5272\u308c\u306f\u306a\u304b\u3063\u305f\u304b\uff09\u3084\u3001\u5e02\u5834\u306e\u4e0b\u843d\u5c40\u9762\u3067\u3069\u306e\u3088\u3046\u306a\u5bfe\u5fdc\u3092\u3057\u305f\u304b\uff08\u5371\u6a5f\u5bfe\u5fdc\u80fd\u529b\uff09\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

\u8ca1\u52d9\u306e\u5065\u5168\u6027\u3068\u682a\u4e3b\u69cb\u6210<\/h4>\n\n\n\n

\u4e8b\u696d\u8005\u306e\u81ea\u5df1\u8cc7\u672c\u306f\u5341\u5206\u304b\u3001\u5927\u624b\u4f01\u696d\u3084\u4fe1\u983c\u3067\u304d\u308b\u682a\u4e3b\u304c\u51fa\u8cc7\u3057\u3066\u3044\u308b\u304b\u3001\u3068\u3044\u3063\u305f\u4fe1\u7528\u529b\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

\u30ac\u30d0\u30ca\u30f3\u30b9\u3068\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u4f53\u5236\uff1a<\/h4>\n\n\n\n

\u6295\u8cc7\u5224\u65ad\u306e\u30d7\u30ed\u30bb\u30b9\u306f\u900f\u660e\u304b\u3001\u89aa\u4f1a\u793e\u3068\u306e\u53d6\u5f15\u3067\u5229\u76ca\u76f8\u53cd\u306f\u8d77\u304d\u306a\u3044\u304b\u3001\u6295\u8cc7\u5bb6\u3078\u306e\u60c5\u5831\u958b\u793a\u306f\u9069\u5207\u304b\u3001\u3068\u3044\u3063\u305f\u4f53\u5236\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

\u51fa\u53e3\u6226\u7565\uff08Exit\uff09\u306e\u73fe\u5b9f\u6027\uff1a<\/h4>\n\n\n\n

\u4e8b\u696d\u8005\u304c\u63d0\u793a\u3059\u308b\u51fa\u53e3\u6226\u7565\uff08\u4f8b\uff1a5\u5e74\u5f8c\u306b\u58f2\u5374\uff09\u306f\u3001\u73fe\u5728\u306e\u5e02\u6cc1\u3084\u7269\u4ef6\u306e\u7279\u6027\u306b\u7167\u3089\u3057\u3066\u73fe\u5b9f\u7684\u304b\u3001\u58f2\u5374\u3067\u304d\u306a\u304b\u3063\u305f\u5834\u5408\u306e\u4ee3\u66ff\u6848\u306f\u7528\u610f\u3055\u308c\u3066\u3044\u308b\u304b\u3001\u306a\u3069\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

GK-TK\u30b9\u30ad\u30fc\u30e0\u3068\u306f\u4f55\u304b\uff1f<\/h3>\n\n\n\n

\u4e0d\u52d5\u7523\u6295\u8cc7\u306e\u5c02\u9580\u7684\u306a\u30b9\u30ad\u30fc\u30e0\u3067\u6700\u3082\u591a\u7528\u3055\u308c\u308b\u306e\u304c**\u300cGK-TK\u30b9\u30ad\u30fc\u30e0\u300d\u3067\u3059\u3002TK\uff08\u533f\u540d\u7d44\u5408\uff09\u304c\u3001\u6295\u8cc7\u5bb6\u3068\u4e8b\u696d\u8005\u3068\u306e\u9593\u306e\u300c\u5951\u7d04\u5f62\u614b\u300d\u3092\u5b9a\u7fa9\u3059\u308b\u3082\u306e\u3067\u3042\u308b\u306e\u306b\u5bfe\u3057\u3001GK\uff08\u5408\u540c\u4f1a\u793e\uff09\u306f\u3001\u4e8b\u696d\u8005\u304c\u4e0d\u52d5\u7523\u3068\u3044\u3046\u8cc7\u7523\u3092\u4fdd\u6709\u3059\u308b\u305f\u3081\u306e\u6cd5\u4eba\u683c\u3001\u3059\u306a\u308f\u3061\u300c\u5668\uff08SPC\uff1a\u7279\u5225\u76ee\u7684\u4f1a\u793e\uff09\u300d**\u3068\u3057\u3066\u4f7f\u308f\u308c\u308b\u306e\u304c\u4e00\u822c\u7684\u3067\u3059\u3002<\/p>\n\n\n\n

\u591a\u304f\u306e\u79c1\u52df\u30d5\u30a1\u30f3\u30c9\u306a\u3069\u306f\u3001\u2460\u4e8b\u696d\u8005\u304cSPC\u3068\u3057\u3066GK\u3092\u8a2d\u7acb\u3057\u3001\u2461\u305d\u306eGK\u304c\u4e0d\u52d5\u7523\u3092\u53d6\u5f97\u3057\u3001\u2462GK\u304c\u4e8b\u696d\u8005\u3068\u306a\u3063\u3066\u6295\u8cc7\u5bb6\u3068TK\u5951\u7d04\u3092\u7d50\u3076\u3001\u3068\u3044\u3046\u69cb\u9020\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u306e\u8a55\u4fa1\u30fb\u5206\u6790\u624b\u6cd5<\/h2>\n\n\n\n

\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u3092\u5c02\u9580\u7684\u306b\u5206\u6790\u3059\u308b\u969b\u306f\u3001\u4ee5\u4e0b\u306e\u6307\u6a19\u3092\u7406\u89e3\u3057\u3066\u304a\u304f\u3053\u3068\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002<\/p>\n\n\n\n

NOI\uff08Net Operating Income\uff1a\u7d14\u55b6\u696d\u53ce\u76ca\uff09<\/h4>\n\n\n\n

\u4e0d\u52d5\u7523\u304b\u3089\u5f97\u3089\u308c\u308b\u7dcf\u53ce\u5165\u304b\u3089\u3001\u56fa\u5b9a\u8cc7\u7523\u7a0e\u3084\u7ba1\u7406\u8cbb\u306a\u3069\u306e\u904b\u55b6\u8cbb\u7528\u3092\u5dee\u3057\u5f15\u3044\u305f\u3082\u306e\u3067\u3001\u7269\u4ef6\u306e\u53ce\u76ca\u529b\u3092\u793a\u3059\u91cd\u8981\u306a\u6307\u6a19\u3067\u3059\u3002<\/p>\n\n\n\n

FCR\uff08Free and Clear Return\uff1a\u4e0d\u52d5\u7523\u7dcf\u53ce\u76ca\u7387\uff09<\/h4>\n\n\n\n

\u501f\u5165\u91d1\u304c\u306a\u3044\u5834\u5408\u306e\u53ce\u76ca\u6027\uff08NOI \u00f7 \u7269\u4ef6\u4fa1\u683c\uff09\u3092\u628a\u63e1\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

DCR\uff08Debt Coverage Ratio\uff1a\u501f\u5165\u91d1\u511f\u9084\u4f59\u88d5\u7387\uff09<\/h4>\n\n\n\n

\u5e74\u9593\u306eNOI\u304c\u3001\u5e74\u9593\u306e\u5143\u5229\u8fd4\u6e08\u984d\u306e\u4f55\u500d\u3042\u308b\u304b\u3092\u793a\u3057\u3001\u8ca1\u52d9\u7684\u306a\u5b89\u5b9a\u6027\u3092\u8a55\u4fa1\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

LTV\uff08Loan to Value\uff1a\u501f\u5165\u91d1\u6bd4\u7387\uff09<\/h4>\n\n\n\n

\u7269\u4ef6\u4fa1\u683c\u306b\u5bfe\u3059\u308b\u501f\u5165\u91d1\u306e\u5272\u5408\u3092\u793a\u3057\u3001\u30ec\u30d0\u30ec\u30c3\u30b8\u306e\u5ea6\u5408\u3044\u3092\u6e2c\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

IRR\uff08Internal Rate of Return\uff1a\u5185\u90e8\u53ce\u76ca\u7387\uff09<\/h4>\n\n\n\n

\u300c\u3053\u306e\u6295\u8cc7\u304b\u3089\u5f97\u3089\u308c\u308b\u5e74\u7387\u63db\u7b97\u306e\u30ea\u30bf\u30fc\u30f3\u300d\u3092\u793a\u3059\u6307\u6a19\u3067\u3059\u3002\u8907\u6570\u306e\u6295\u8cc7\u6848\u4ef6\u3092\u6bd4\u8f03\u691c\u8a0e\u3059\u308b\u969b\u306b\u3001IRR\u304c\u9ad8\u3044\u307b\u3069\u53ce\u76ca\u6027\u304c\u9ad8\u3044\u3068\u5224\u65ad\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

\uff1e\u30b3\u30c8\u30e9\u306b\u76f8\u8ac7<\/a>\u3059<\/a>\u308b\u3010\u7121\u6599<\/a>\u3011<\/a><\/span><\/strong><\/p>\n\n\n\n

\u3055\u3044\u3054\u306b<\/h2>\n\n\n\n

\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u306e\u4e16\u754c\u306f\u3001\u91d1\u878d\u696d\u754c\u3067\u57f9\u3063\u305f\u30b9\u30ad\u30eb\u3092\u6700\u5927\u9650\u306b\u6d3b\u304b\u305b\u308b\u9b45\u529b\u7684\u306a\u30ad\u30e3\u30ea\u30a2\u30d5\u30a3\u30fc\u30eb\u30c9\u3067\u3059\u3002\u5358\u306b\u7269\u4ef6\u306eIRR\u3092\u8a08\u7b97\u3059\u308b\u3060\u3051\u3067\u306a\u304f\u3001\u672c\u8a18\u4e8b\u3067\u89e3\u8aac\u3057\u305f**\u300c\u30b9\u30ad\u30fc\u30e0\u300d\u3068\u300c\u4e8b\u696d\u8005\u300d\u3068\u3044\u3046\u4e8c\u91cd\u306e\u30ea\u30b9\u30af**\u3092\u5fb9\u5e95\u7684\u306b\u5206\u6790\u3057\u3001\u6295\u8cc7\u5bb6\u306b\u5bfe\u3057\u3066\u305d\u306e\u30ea\u30b9\u30af\u3068\u30ea\u30bf\u30fc\u30f3\u3092\u660e\u78ba\u306b\u8aac\u660e\u3067\u304d\u308b\u80fd\u529b\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n

\u91d1\u878d\u696d\u754c\u3067\u306e\u7d4c\u9a13\u3092\u7ce7\u306b\u3001\u4e0d\u52d5\u7523\u3068\u3044\u3046\u5b9f\u7269\u8cc7\u7523\u3068\u91d1\u878d\u304c\u878d\u5408\u3059\u308b\u3053\u306e\u65b0\u305f\u306a\u30d5\u30a3\u30fc\u30eb\u30c9\u3067\u3001\u3042\u306a\u305f\u306e\u30ad\u30e3\u30ea\u30a2\u3092\u3055\u3089\u306b\u767a\u5c55\u3055\u305b\u3066\u307f\u307e\u305b\u3093\u304b\u3002\u3053\u306e\u8a18\u4e8b\u304c\u3001\u305d\u306e\u4e00\u52a9\u3068\u306a\u308c\u3070\u5e78\u3044\u3067\u3059\u3002<\/p>\n\n\n\n

\u95a2\u9023\u6c42\u4eba\u306e\u3054\u7d39\u4ecb<\/p>\n\n\n\n

\u30b3\u30c8\u30e9\u3067\u306f\u3001\u672c\u8a18\u4e8b\u306b\u95a2\u9023\u3057\u305f\u6c42\u4eba\u3084\u3001\u305d\u306e\u4ed6\u4e0d\u52d5\u7523\u30d5\u30a1\u30f3\u30c9\u306b\u95a2\u9023\u3059\u308b\u6c42\u4eba\u3092\u591a\u304f\u53d6\u308a\u63c3\u3048\u3066\u3044\u307e\u3059\u3002\u305c\u3072\u4e00\u5ea6\u3001\u30b3\u30c8\u30e9\u306e\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u306b\u3054\u76f8\u8ac7\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n

\uff1e\u30b3\u30c8\u30e9\u306b\u76f8\u8ac7<\/a>\u3059<\/a>\u308b\u3010\u7121\u6599<\/a>\u3011<\/a><\/span><\/strong><\/p>\n\n\n\n

<\/div>
\n

\u6771\u8a3c\u30d7\u30e9\u30a4\u30e0\u4e0a\u5834\u91d1\u878d\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u4f01\u696d\u3067\u306e\u4e0d\u52d5\u7523\u55b6\u696d\uff08\u5c0f\u53e3\u5316\u5546\u54c1\uff09\u62c5\u5f53\u8005<\/strong><\/span><\/p>\n\n\n\n

\u3010\u30dd\u30b8\u30b7\u30e7\u30f3\u6982\u8981\u3011<\/span><\/strong>
\u30fb\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u306e\u55b6\u696d\u30eb\u30fc\u30c8\u306e\u958b\u62d3\uff08\u958b\u62d3\u5f8c\u306fRM\u306b\u5f15\u7d99\u304e\uff09
\u30fbRM\u306e\u55b6\u696d\u6d3b\u52d5\u306e\u30b5\u30dd\u30fc\u30c8\uff08\u540c\u884c\u55b6\u696d\u7b49\uff09
\u30fb\u5546\u54c1\u306e\u55b6\u696d\u9032\u6357\u7ba1\u7406
\u30fb\u55b6\u696d\u6226\u7565\u7acb\u6848\uff08\u55b6\u696d\u30bf\u30fc\u30b2\u30c3\u30c8\u306e\u9078\u5b9a\u7b49\uff09
\u30fbRM\u3078\u306e\u55b6\u696d\u30c4\u30fc\u30eb\u306e\u63d0\u4f9b
\u30fb\u5546\u54c1\u306e\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u6226\u7565\u306e\u7acb\u6848\u3068\u5b9f\u65bd\uff08\u30bb\u30df\u30ca\u30fc\u30fb\u5a92\u4f53\u30fbWEB\u7b49\uff09\u3000\u7b49<\/p>\n\n\n\n

\n
\u6c42\u4eba\u306e\u8a73\u7d30\uff0f\u6c42\u4eba\u3078\u306e\u5fdc\u52df\u306f\u3053\u3061\u3089<\/strong><\/span><\/a><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n
<\/div>
\n

\u4e0a\u5834\u4e0d\u52d5\u7523\u4f1a\u793e\u3067\u306e\u8cc7\u7523\u904b\u7528\u4e8b\u696d\u672c\u90e8_\u55b6\u696d\u8077\uff08\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\uff09<\/strong><\/span><\/p>\n\n\n\n

\u3010\u30dd\u30b8\u30b7\u30e7\u30f3\u6982\u8981\u3011<\/span><\/strong>
\u696d\u754c\u5185\u3067\u3082\u6210\u9577\u304c\u8457\u3057\u3044\u300c\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u300d\u3092\u6271\u3046\u90e8\u9580\u3067\u3001\u6295\u8cc7\u5bb6\u306b\u5411\u3051\u305f\u8cc7\u7523\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u696d\u52d9\u3092\u884c\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

\u30fb\u91d1\u878d\u6a5f\u95a2\u3084\u4f1a\u8a08\u4e8b\u52d9\u6240\u3068\u63d0\u643a\u3059\u308b\u305f\u3081\u306e\u65b0\u898f\u958b\u62d3\u55b6\u696d
\u30fb\u63d0\u643a\u5148\u3078\u306e\u6df1\u8015\u55b6\u696d\uff08\u5f53\u793e\u30b5\u30fc\u30d3\u30b9\u306e\u7d39\u4ecb\u30fb\u63d0\u643a\u5148\u306b\u5411\u3051\u305f\u52c9\u5f37\u4f1a\u306e\u958b\u50ac\u7b49\uff09
\u30fb\u63d0\u643a\u5148\u304b\u3089\u3054\u7d39\u4ecb\u3044\u305f\u3060\u3044\u305f\u500b\u4eba\u5bcc\u88d5\u5c64\u306e\u6295\u8cc7\u5bb6\u306b\u5bfe\u3057\u3066\u8cc7\u7523\u904b\u7528\u53ca\u3073\u76f8\u7d9a\u5bfe\u7b56\u3068\u3057\u3066\u306e\u5546\u54c1\u63d0\u6848\u3001\u5951\u7d04\u7de0\u7d50\u696d\u52d9<\/p>\n\n\n\n

\n
\u6c42\u4eba\u306e\u8a73\u7d30\uff0f\u6c42\u4eba\u3078\u306e\u5fdc\u52df\u306f\u3053\u3061\u3089<\/strong><\/span><\/a><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n
<\/div>
\n

\u4e0d\u52d5\u7523\u6295\u8cc7\u4f1a\u793e\u3067\u306e\u4e0d\u7279\u6cd5\u4efb\u610f\u7d44\u5408\u5c0f\u53e3\u5316\u4e8b\u696d\u8cac\u4efb\u8005<\/strong><\/span><\/p>\n\n\n\n

\u3010\u30dd\u30b8\u30b7\u30e7\u30f3\u6982\u8981\u3011<\/span><\/strong>
\u4e0d\u52d5\u7523\u7279\u5b9a\u5171\u540c\u4e8b\u696d\u6cd5\u4efb\u610f\u7d44\u5408\u4e8b\u696d\u306e\u7acb\u3061\u4e0a\u3052\u53ca\u3073\u63a8\u9032\u306b\u4fc2\u308b\u4e8b\u696d\u8cac\u4efb\u8005\u3068\u3057\u3066\u306e\u696d\u52d9\u5168\u822c<\/p>\n\n\n\n

\n
\u6c42\u4eba\u306e\u8a73\u7d30\uff0f\u6c42\u4eba\u3078\u306e\u5fdc\u52df\u306f\u3053\u3061\u3089<\/strong><\/span><\/a><\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

\u91d1\u878d\u3068\u4e0d\u52d5\u7523\u306e\u4ea4\u5dee\u70b9\u3001\u300c\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u300d \u91d1\u878d\u696d\u754c\u3067\u57f9\u3063\u305f\u5c02\u9580\u77e5\u8b58\u3084\u5206\u6790\u80fd\u529b\u3092\u3001\u65b0\u305f\u306a\u30d5\u30a3\u30fc\u30eb\u30c9\u3067\u6d3b\u304b\u3057\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u65b9\u306b\u3068\u3063\u3066\u3001\u4e0d\u52d5\u7523\u3068\u3044\u3046\u5b9f\u7269\u8cc7\u7523\u3092\u6271\u3046\u30a2\u30bb\u30c3\u30c8\u30af\u30e9\u30b9\u306f\u3001\u6975\u3081\u3066\u9b45\u529b\u7684\u306a\u9078\u629e\u80a2\u306e\u4e00\u3064\u3067\u3059\u3002\u305d\u306e\u4e2d\u3067\u3082 […]<\/p>\n","protected":false},"author":133,"featured_media":118301,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","wp-seo-meta-description":"","wp-seo-meta-robots":[]},"categories":[265,1,157],"tags":[1749,75,1754,974,1402],"class_list":{"0":"post-117598","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-realestate","8":"category-uncategorized","9":"category-new","10":"tag-1749","11":"tag-real-estate-fund","12":"tag-1754","13":"tag-974","14":"tag-1402","15":"c-entry"},"acf":{"moreSummary":""},"yoast_head":"\n\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\uff1a\u91d1\u878d\u696d\u754c\u51fa\u8eab\u8005\u306b\u6c42\u3081\u3089\u308c\u308b\u5c02\u9580\u6027\u3068\u8a55\u4fa1\u624b\u6cd5 - KOTORA JOURNAL<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kotora.jp/c\/real_eatate_fund_926\/\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\uff1a\u91d1\u878d\u696d\u754c\u51fa\u8eab\u8005\u306b\u6c42\u3081\u3089\u308c\u308b\u5c02\u9580\u6027\u3068\u8a55\u4fa1\u624b\u6cd5 - KOTORA JOURNAL\" \/>\n<meta property=\"og:description\" content=\"\u91d1\u878d\u3068\u4e0d\u52d5\u7523\u306e\u4ea4\u5dee\u70b9\u3001\u300c\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u300d \u91d1\u878d\u696d\u754c\u3067\u57f9\u3063\u305f\u5c02\u9580\u77e5\u8b58\u3084\u5206\u6790\u80fd\u529b\u3092\u3001\u65b0\u305f\u306a\u30d5\u30a3\u30fc\u30eb\u30c9\u3067\u6d3b\u304b\u3057\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u65b9\u306b\u3068\u3063\u3066\u3001\u4e0d\u52d5\u7523\u3068\u3044\u3046\u5b9f\u7269\u8cc7\u7523\u3092\u6271\u3046\u30a2\u30bb\u30c3\u30c8\u30af\u30e9\u30b9\u306f\u3001\u6975\u3081\u3066\u9b45\u529b\u7684\u306a\u9078\u629e\u80a2\u306e\u4e00\u3064\u3067\u3059\u3002\u305d\u306e\u4e2d\u3067\u3082 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kotora.jp/c\/real_eatate_fund_926\/\" \/>\n<meta property=\"og:site_name\" content=\"KOTORA JOURNAL\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/kotorakotora\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-30T02:06:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-17T05:24:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.kotora.jp/c\/images\/2025\/09\/\u8a18\u4e8b\u30a2\u30a4\u30ad\u30e3\u30c3\u30c1-15.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u6751\u4e0a\u5e78\u6c70\u6717\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u57f7\u7b46\u8005\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u6751\u4e0a\u5e78\u6c70\u6717\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/real_eatate_fund_926\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/real_eatate_fund_926\\\/\"},\"author\":{\"name\":\"\u6751\u4e0a\u5e78\u6c70\u6717\",\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/#\\\/schema\\\/person\\\/eacd71f39f92041c6d0f13da8409915a\"},\"headline\":\"\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\uff1a\u91d1\u878d\u696d\u754c\u51fa\u8eab\u8005\u306b\u6c42\u3081\u3089\u308c\u308b\u5c02\u9580\u6027\u3068\u8a55\u4fa1\u624b\u6cd5\",\"datePublished\":\"2025-09-30T02:06:46+00:00\",\"dateModified\":\"2026-04-17T05:24:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/real_eatate_fund_926\\\/\"},\"wordCount\":53,\"publisher\":{\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/real_eatate_fund_926\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.kotora.jp/c\\\/images\\\/2025\\\/09\\\/\u8a18\u4e8b\u30a2\u30a4\u30ad\u30e3\u30c3\u30c1-15.png\",\"keywords\":[\"\u30b3\u30c8\u30e9\u3000\u8ee2\u8077\",\"\u4e0d\u52d5\u7523\u30d5\u30a1\u30f3\u30c9\",\"\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\",\"\u4e0d\u52d5\u7523\u6295\u8cc7\",\"\u91d1\u878d\u5546\u54c1\"],\"articleSection\":[\"\u4e0d\u52d5\u7523\u696d\u754c\",\"\u5168\u822c\",\"\u65b0\u7740\u8a18\u4e8b\"],\"inLanguage\":\"ja\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/real_eatate_fund_926\\\/\",\"url\":\"https:\\\/\\\/www.kotora.jp/c\\\/real_eatate_fund_926\\\/\",\"name\":\"\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\uff1a\u91d1\u878d\u696d\u754c\u51fa\u8eab\u8005\u306b\u6c42\u3081\u3089\u308c\u308b\u5c02\u9580\u6027\u3068\u8a55\u4fa1\u624b\u6cd5 - KOTORA JOURNAL\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/real_eatate_fund_926\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/real_eatate_fund_926\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.kotora.jp/c\\\/images\\\/2025\\\/09\\\/\u8a18\u4e8b\u30a2\u30a4\u30ad\u30e3\u30c3\u30c1-15.png\",\"datePublished\":\"2025-09-30T02:06:46+00:00\",\"dateModified\":\"2026-04-17T05:24:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/real_eatate_fund_926\\\/#breadcrumb\"},\"inLanguage\":\"ja\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.kotora.jp/c\\\/real_eatate_fund_926\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/real_eatate_fund_926\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.kotora.jp/c\\\/images\\\/2025\\\/09\\\/\u8a18\u4e8b\u30a2\u30a4\u30ad\u30e3\u30c3\u30c1-15.png\",\"contentUrl\":\"https:\\\/\\\/www.kotora.jp/c\\\/images\\\/2025\\\/09\\\/\u8a18\u4e8b\u30a2\u30a4\u30ad\u30e3\u30c3\u30c1-15.png\",\"width\":800,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/real_eatate_fund_926\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u30db\u30fc\u30e0\",\"item\":\"https:\\\/\\\/www.kotora.jp/c\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\uff1a\u91d1\u878d\u696d\u754c\u51fa\u8eab\u8005\u306b\u6c42\u3081\u3089\u308c\u308b\u5c02\u9580\u6027\u3068\u8a55\u4fa1\u624b\u6cd5\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/#website\",\"url\":\"https:\\\/\\\/www.kotora.jp/c\\\/\",\"name\":\"\u30b3\u30c8\u30e9\u696d\u754c\u60c5\u5831\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.kotora.jp/c\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ja\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/#organization\",\"name\":\"\u682a\u5f0f\u4f1a\u793e\u30b3\u30c8\u30e9\",\"url\":\"https:\\\/\\\/www.kotora.jp/c\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.kotora.jp/c\\\/images\\\/2020\\\/05\\\/melmagalogo.png\",\"contentUrl\":\"https:\\\/\\\/www.kotora.jp/c\\\/images\\\/2020\\\/05\\\/melmagalogo.png\",\"width\":166,\"height\":97,\"caption\":\"\u682a\u5f0f\u4f1a\u793e\u30b3\u30c8\u30e9\"},\"image\":{\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/kotorakotora\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/#\\\/schema\\\/person\\\/eacd71f39f92041c6d0f13da8409915a\",\"name\":\"\u6751\u4e0a\u5e78\u6c70\u6717\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ja\",\"@id\":\"https:\\\/\\\/www.kotora.jp/c\\\/images\\\/2026\\\/04\\\/consultant_photo_kotaro_murakami.png\",\"url\":\"https:\\\/\\\/www.kotora.jp/c\\\/images\\\/2026\\\/04\\\/consultant_photo_kotaro_murakami.png\",\"contentUrl\":\"https:\\\/\\\/www.kotora.jp/c\\\/images\\\/2026\\\/04\\\/consultant_photo_kotaro_murakami.png\",\"caption\":\"\u6751\u4e0a\u5e78\u6c70\u6717\"},\"description\":\"[ \u7d4c\u6b74 ] \u6176\u61c9\u7fa9\u587e\u5927\u5b66\u74b0\u5883\u60c5\u5831\u5b66\u90e8\u5352\u696d\u3002\u30a2\u30bb\u30c3\u30c8\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u696d\u754c\u3092\u4e2d\u5fc3\u306b\u3001\u6295\u8cc7\u9867\u554f\u4f1a\u793e\u3084\u91d1\u878d\u6a5f\u95a2\u7b49\u306e\u63a1\u7528\u652f\u63f4\u3092\u62c5\u5f53\u3002 [ \u62c5\u5f53\u696d\u754c ] \u30a2\u30bb\u30c3\u30c8\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u30fbPE\u30d5\u30a1\u30f3\u30c9\u30fb\u91d1\u878d\u6a5f\u95a2\u30fb\u5546\u793e\u30fb\u4e0d\u52d5\u7523\u30d5\u30a1\u30f3\u30c9\",\"url\":\"https:\\\/\\\/www.kotora.jp/c\\\/user-profile\\\/kotaro-murakami\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\uff1a\u91d1\u878d\u696d\u754c\u51fa\u8eab\u8005\u306b\u6c42\u3081\u3089\u308c\u308b\u5c02\u9580\u6027\u3068\u8a55\u4fa1\u624b\u6cd5 - KOTORA JOURNAL","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.kotora.jp/c\/real_eatate_fund_926\/","og_locale":"ja_JP","og_type":"article","og_title":"\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\uff1a\u91d1\u878d\u696d\u754c\u51fa\u8eab\u8005\u306b\u6c42\u3081\u3089\u308c\u308b\u5c02\u9580\u6027\u3068\u8a55\u4fa1\u624b\u6cd5 - KOTORA JOURNAL","og_description":"\u91d1\u878d\u3068\u4e0d\u52d5\u7523\u306e\u4ea4\u5dee\u70b9\u3001\u300c\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\u300d \u91d1\u878d\u696d\u754c\u3067\u57f9\u3063\u305f\u5c02\u9580\u77e5\u8b58\u3084\u5206\u6790\u80fd\u529b\u3092\u3001\u65b0\u305f\u306a\u30d5\u30a3\u30fc\u30eb\u30c9\u3067\u6d3b\u304b\u3057\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u65b9\u306b\u3068\u3063\u3066\u3001\u4e0d\u52d5\u7523\u3068\u3044\u3046\u5b9f\u7269\u8cc7\u7523\u3092\u6271\u3046\u30a2\u30bb\u30c3\u30c8\u30af\u30e9\u30b9\u306f\u3001\u6975\u3081\u3066\u9b45\u529b\u7684\u306a\u9078\u629e\u80a2\u306e\u4e00\u3064\u3067\u3059\u3002\u305d\u306e\u4e2d\u3067\u3082 […]","og_url":"https:\/\/www.kotora.jp/c\/real_eatate_fund_926\/","og_site_name":"KOTORA JOURNAL","article_publisher":"https:\/\/www.facebook.com\/kotorakotora\/","article_published_time":"2025-09-30T02:06:46+00:00","article_modified_time":"2026-04-17T05:24:39+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.kotora.jp/c\/images\/2025\/09\/\u8a18\u4e8b\u30a2\u30a4\u30ad\u30e3\u30c3\u30c1-15.png","type":"image\/png"}],"author":"\u6751\u4e0a\u5e78\u6c70\u6717","twitter_card":"summary_large_image","twitter_misc":{"\u57f7\u7b46\u8005":"\u6751\u4e0a\u5e78\u6c70\u6717"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.kotora.jp/c\/real_eatate_fund_926\/#article","isPartOf":{"@id":"https:\/\/www.kotora.jp/c\/real_eatate_fund_926\/"},"author":{"name":"\u6751\u4e0a\u5e78\u6c70\u6717","@id":"https:\/\/www.kotora.jp/c\/#\/schema\/person\/eacd71f39f92041c6d0f13da8409915a"},"headline":"\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\uff1a\u91d1\u878d\u696d\u754c\u51fa\u8eab\u8005\u306b\u6c42\u3081\u3089\u308c\u308b\u5c02\u9580\u6027\u3068\u8a55\u4fa1\u624b\u6cd5","datePublished":"2025-09-30T02:06:46+00:00","dateModified":"2026-04-17T05:24:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.kotora.jp/c\/real_eatate_fund_926\/"},"wordCount":53,"publisher":{"@id":"https:\/\/www.kotora.jp/c\/#organization"},"image":{"@id":"https:\/\/www.kotora.jp/c\/real_eatate_fund_926\/#primaryimage"},"thumbnailUrl":"https:\/\/www.kotora.jp/c\/images\/2025\/09\/\u8a18\u4e8b\u30a2\u30a4\u30ad\u30e3\u30c3\u30c1-15.png","keywords":["\u30b3\u30c8\u30e9\u3000\u8ee2\u8077","\u4e0d\u52d5\u7523\u30d5\u30a1\u30f3\u30c9","\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1","\u4e0d\u52d5\u7523\u6295\u8cc7","\u91d1\u878d\u5546\u54c1"],"articleSection":["\u4e0d\u52d5\u7523\u696d\u754c","\u5168\u822c","\u65b0\u7740\u8a18\u4e8b"],"inLanguage":"ja"},{"@type":"WebPage","@id":"https:\/\/www.kotora.jp/c\/real_eatate_fund_926\/","url":"https:\/\/www.kotora.jp/c\/real_eatate_fund_926\/","name":"\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\uff1a\u91d1\u878d\u696d\u754c\u51fa\u8eab\u8005\u306b\u6c42\u3081\u3089\u308c\u308b\u5c02\u9580\u6027\u3068\u8a55\u4fa1\u624b\u6cd5 - KOTORA JOURNAL","isPartOf":{"@id":"https:\/\/www.kotora.jp/c\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.kotora.jp/c\/real_eatate_fund_926\/#primaryimage"},"image":{"@id":"https:\/\/www.kotora.jp/c\/real_eatate_fund_926\/#primaryimage"},"thumbnailUrl":"https:\/\/www.kotora.jp/c\/images\/2025\/09\/\u8a18\u4e8b\u30a2\u30a4\u30ad\u30e3\u30c3\u30c1-15.png","datePublished":"2025-09-30T02:06:46+00:00","dateModified":"2026-04-17T05:24:39+00:00","breadcrumb":{"@id":"https:\/\/www.kotora.jp/c\/real_eatate_fund_926\/#breadcrumb"},"inLanguage":"ja","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.kotora.jp/c\/real_eatate_fund_926\/"]}]},{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/www.kotora.jp/c\/real_eatate_fund_926\/#primaryimage","url":"https:\/\/www.kotora.jp/c\/images\/2025\/09\/\u8a18\u4e8b\u30a2\u30a4\u30ad\u30e3\u30c3\u30c1-15.png","contentUrl":"https:\/\/www.kotora.jp/c\/images\/2025\/09\/\u8a18\u4e8b\u30a2\u30a4\u30ad\u30e3\u30c3\u30c1-15.png","width":800,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/www.kotora.jp/c\/real_eatate_fund_926\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u30db\u30fc\u30e0","item":"https:\/\/www.kotora.jp/c\/"},{"@type":"ListItem","position":2,"name":"\u4e0d\u52d5\u7523\u5c0f\u53e3\u5316\u5546\u54c1\uff1a\u91d1\u878d\u696d\u754c\u51fa\u8eab\u8005\u306b\u6c42\u3081\u3089\u308c\u308b\u5c02\u9580\u6027\u3068\u8a55\u4fa1\u624b\u6cd5"}]},{"@type":"WebSite","@id":"https:\/\/www.kotora.jp/c\/#website","url":"https:\/\/www.kotora.jp/c\/","name":"\u30b3\u30c8\u30e9\u696d\u754c\u60c5\u5831","description":"","publisher":{"@id":"https:\/\/www.kotora.jp/c\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.kotora.jp/c\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ja"},{"@type":"Organization","@id":"https:\/\/www.kotora.jp/c\/#organization","name":"\u682a\u5f0f\u4f1a\u793e\u30b3\u30c8\u30e9","url":"https:\/\/www.kotora.jp/c\/","logo":{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/www.kotora.jp/c\/#\/schema\/logo\/image\/","url":"https:\/\/www.kotora.jp/c\/images\/2020\/05\/melmagalogo.png","contentUrl":"https:\/\/www.kotora.jp/c\/images\/2020\/05\/melmagalogo.png","width":166,"height":97,"caption":"\u682a\u5f0f\u4f1a\u793e\u30b3\u30c8\u30e9"},"image":{"@id":"https:\/\/www.kotora.jp/c\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/kotorakotora\/"]},{"@type":"Person","@id":"https:\/\/www.kotora.jp/c\/#\/schema\/person\/eacd71f39f92041c6d0f13da8409915a","name":"\u6751\u4e0a\u5e78\u6c70\u6717","image":{"@type":"ImageObject","inLanguage":"ja","@id":"https:\/\/www.kotora.jp/c\/images\/2026\/04\/consultant_photo_kotaro_murakami.png","url":"https:\/\/www.kotora.jp/c\/images\/2026\/04\/consultant_photo_kotaro_murakami.png","contentUrl":"https:\/\/www.kotora.jp/c\/images\/2026\/04\/consultant_photo_kotaro_murakami.png","caption":"\u6751\u4e0a\u5e78\u6c70\u6717"},"description":"[ \u7d4c\u6b74 ] \u6176\u61c9\u7fa9\u587e\u5927\u5b66\u74b0\u5883\u60c5\u5831\u5b66\u90e8\u5352\u696d\u3002\u30a2\u30bb\u30c3\u30c8\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u696d\u754c\u3092\u4e2d\u5fc3\u306b\u3001\u6295\u8cc7\u9867\u554f\u4f1a\u793e\u3084\u91d1\u878d\u6a5f\u95a2\u7b49\u306e\u63a1\u7528\u652f\u63f4\u3092\u62c5\u5f53\u3002 [ \u62c5\u5f53\u696d\u754c ] \u30a2\u30bb\u30c3\u30c8\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u30fbPE\u30d5\u30a1\u30f3\u30c9\u30fb\u91d1\u878d\u6a5f\u95a2\u30fb\u5546\u793e\u30fb\u4e0d\u52d5\u7523\u30d5\u30a1\u30f3\u30c9","url":"https:\/\/www.kotora.jp/c\/user-profile\/kotaro-murakami\/"}]}},"_links":{"self":[{"href":"https:\/\/www.kotora.jp/c\/wp-json\/wp\/v2\/posts\/117598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kotora.jp/c\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kotora.jp/c\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kotora.jp/c\/wp-json\/wp\/v2\/users\/133"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kotora.jp/c\/wp-json\/wp\/v2\/comments?post=117598"}],"version-history":[{"count":1,"href":"https:\/\/www.kotora.jp/c\/wp-json\/wp\/v2\/posts\/117598\/revisions"}],"predecessor-version":[{"id":150190,"href":"https:\/\/www.kotora.jp/c\/wp-json\/wp\/v2\/posts\/117598\/revisions\/150190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kotora.jp/c\/wp-json\/wp\/v2\/media\/118301"}],"wp:attachment":[{"href":"https:\/\/www.kotora.jp/c\/wp-json\/wp\/v2\/media?parent=117598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kotora.jp/c\/wp-json\/wp\/v2\/categories?post=117598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kotora.jp/c\/wp-json\/wp\/v2\/tags?post=117598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}