One of the world's greatest investment in creating wealth is through real estate. Many of the world's richest men do real estate. In fact, it can be said without any fear of contradiction that no wealth without real estate. Statistically, real estate is responsible for 49% of the world's wealth.
The traditional real estate has so many barriers. This includes its capital-intensive nature which discourages low-income earners from participating. Limitation in foreign participation. Investors who have the capacity to invest in foreign real estate investment around the world are limited because they can not do so without a partnership with local real estate vendors, lack of accountability, honesty, transparency, and trust, faces incorporation challenges like tax and dues and other artificially created barriers.
Real estate investment trusts (REITs) is a deliberate attempt to remove traditional barries either artificially or genuinely created. To define REITs, one can say it is a trust, corporation or an association that own or finances income-producing real estate and can be publicly listed or privately owned. With this, investors can buy into real estate anywhere around the world under the management of this platform and share dividend which is 90% of the proceeds from the rent collected on the real estate investment or sales of the assets under management (AUM).
Global Reit is an innovative approach towards real estate investment. This approach is to stimulate more participation in real estate investment, therefore, giving opportunities to everyone that want to participate in real investment to do so without limitation.
This fusion with blockchain technology will allow cryptocurrency holders that want to invest in real estate do so, allows the existing traditional REITs to come global and the vision to expand asset under management to be everywhere in the world achievable.
To achieve this milestone, REIT is powered by the disruptive blockchain technology which transcends borders and can be in every single part of the world. Blockchain platform will allow dividend to be paid every month to every token holder (investors) which is difficult under traditional REITs.
In other words, Global REITS is an innovation to allow people with cryptocurrency who want to invest in real estate. This innovation is to extend the legibility of investors to cryptocurrency holders. Global REIT is powered with blockchain technology which has the power to deliver the vision of global reits.
The investors in global REIT are called token holders. Investors invest with ethuruem or bitcoin to be used to get asset into REIT management with the monthly expectant of dividend in ethuruem or bitcoin.
Global REIT will start its property investment and acquisition in Dubai UAE with a hotel asset that worth 75 million dollars by June 2018. By August, it will acquire another residential asset worth about 225 million and by October same year, the third asset under management is a shopping mall. A hotel asset in the UK will the fourth asset to be acquired by December 2018 to end the year on a good note. Main while, a first dividend will be paid to investors by July 2018.
In future, so many income earning assets like warehouses, hospitals, among others of a different class will be bought. In other to mitigate against risk, considering the global economic condition, the assets will be bought at different locations of the world.
For transparency and smooth running of global reits, a governing structure is in place. This structure comprises a renowned audit firm and law firm to handle accounts and legal matters. Different committees to make unbiased decisions on technicalities, security, and transactions.
Summarily, the new dawn has come to modern real estate investment. With a platform aid by blockchain technology through cryptocurrency, the 21st-century humans are so lucky to build wealth in the trusted and ancient wealth building space- real estate.
THE TEAM
TO FIND OUT MORE ABOUT GLOBAL REIT,
VISIT THE WEBSITE:
https://www.globalreit.io/
WHITEPAPER:
https://www.globalreit.io/front/whitepaper/Global-REIT.pdf
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