Blockchain and the Real Estate
The high capital investment required to own real estate properties renders it out of reach for a lot of people. This financial barrier was significantly mitigated during the sixties when the idea of REITs was first introduced. Now anyone could invest in the real estate market as per their financial capacity and receive monthly dividends depending on the income of the asset under management. Imagine a confluence of REITs and the blockchain: due to simpler transactional mechanism of the blockchain, one can bypass the complicated regulations imposed by jurisdictions worldwide and own properties across nations far more easily. Even in countries like the UAE where non-citizens do not have the right to a bank account can own properties by making cross-border payments via the blockchain!
Global REIT - The Confluence of the Blockchain and Real Estate
Simply put, the blockchain has the potential to catapult the growth of the real estate industry by enabling anyone from any part of the world to own properties worldwide! The pioneer of this integration of blockchain and REITs is Global REIT. Be it crypto investors, or real estate owners who would like to exit into the liquid market of crypto space, or REITs worldwide that desire to expand their operations globally by connecting to the already established network of Global REIT, all these players have a sea of opportunities to benefit from.
How it will Work
Global REIT will function like any traditional REIT except it is powered further by the unlimited reach of the blockchain. People across the world can invest into the platform and receive tokens in return. The first asset managed by Global REIT is of a Net Asset Value (NAV) of 75 million USD and investors will receive a dividend of eight percent on their investments from the month of July. It can't get swifter than that now, can it? The property is based in Dubai and further acquisitions will be in the months of August, October and December in Dubai and the UK.
Features
Investors will be allotted tokens of two kinds - GREM and GRET. GRET tokens will be used for payments to investors for their dividends. GREM on the other hand will be for the fund manager of Global REIT and a dividend of two percent will be received by investors from the NAV which will reduce to a maximum of 1.25 percent with time as the REIT matures.
Depending on their investments in assets under management, investors will also enjoy the benefits of discounts, free stays at hotels and resorts and other hospitality perks.
The Ongoing Token Sale
Far surpassing its softcap at an early stage, the sale in its pre-ICO stage alone has raised almost ten million USD and is all set to achieve the hardcap! The first ICO has ninety million tokens up for sale and a discount of five percent can be availed right now for a limited period. The pre-ICO will close on the last day of May and give way to the public ICO from the first day of June. The sale will conclude on the 30th of June. The per token value is set at one USD.
The Team
Ali Tumbi, the founder of Global REIT is an experienced entrepreneur, proven problem solver and leader. His deputy and COO Paul Christodoulou is an expert in the real estate industry and has spent a decade in real estate sales in Dubai! Vijay D. Vyas, the Director of Acquisitions - India, has spent 28 years in IT and international trading and his experience is indispensable. The leadership and the team under it is proven, capable and adroit. Global REIT is in the safest of hands.
The advent of the blockchain has instigated a flurry of ICOs but few are able to optimize on the fundamentals of the technology. Global REIT is ground-breaking in its vision to facilitate easy cross-border real estate trade by utilizing the blockchain. This will have significant economic benefits globally. With the first dividends staring from July, the roadmap is swift and there is no usual waiting for months and years before the returns start pouring in. Along with a great concept, the team is robust and experienced. Global REIT has the perfect combination to turn into a global sensation and transform the real estate market as we see it today!
Website - https://globalreit.io/
Whitepaper - https://www.globalreit.io/front/whitepaper/Global-REIT.pdf
ANN - https://bitcointalk.org/index.php?topic=3293399.0
Telegram - https://t.me/GlobalReit
Published by - wilsonbyrne
Profile - https://bitcointalk.org/index.php?action=profile;u=1936048