GLOBAL REIT; MITIGATING THE CHALLENGES OF REAL ESTATE INVESTMENT USING BLOCKCHAIN TECHNOLOGY

INTRODUCTION:
Real Estate can be defined as property which comprises of land and all structures integrated with or affixed to the land. It is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature. Real Estate is the ultimate investment one can invest in because it involves little or no risk. The business of Real Estate is a thriving investment that has brought wealth to many, It is an investment that is and will continue to boom in the years to come. Irrespective of the profits and gains associated to real estate investment, many limitations have stood on the way of Traditional Real Estate involving Regulation, financing, tax and restrictions on the type of property funds to venture into.
To mitigate these problems comes an alternative investment associations called Real Estate Investment Trusts (REITs) which finances income producing real estate and can be publicly or privately owned. REITs generates its incomes through renting or selling of Real Estates.

GLOBAL REIT
Global REIT is the first ever blockchain based REITs to be launched in the market that is Sharia compliant. It is designed to offer exposure of the global real markets to investors without the need to acquire an entire property and shift the management and compliance obligations to the fund management. Global REITs is aimed to acquire assets starting from U.A.E. and spread the rest of the world. The first assets of Global REIT will have a Net Asset Value (NAV) of USD 75 million and the total value is estimated to reach USD 10 billion by end of 5 years.

TOKEN DETAILS
Global REITs offers dual utility token to its users
Global REITs Fund manager (GREM)
Global REITs Assets Token (GRET)
Each subscriber will be given a share of the (GREM) and (GRET)
Token Ticker: GRET
1 GRET= 1 USD
ETHB, BTC, FIAT accepted
minimum investment 100 usd
soft cap=5,000,000usd(already met)
Hard cap=20,000,000 usd
TOKEN DISTRIBUTION

HOW WILL THE USE OF BLOCKCHAIN IMPROVE REAL ESTATE

With the use of blockchain, Global REITs intend to create genuine broadening across multiple real estate asset classes to empower clients to invest consistently into a wide resource sponsored portfolio, to create a diverse and vibrant platform for assets from multiple REITs across the globe to plug into and unlock multiple cross investment potentials and opportunities globally.
To make all these possible, Global REITs built a vigorous stage on the Ethereum blockchain, utilizing the qualities of brilliant contracts to make custom resource tokens (GRET). The GRET token is based off the ERC20 standard, these makes it tradable on all exchange platform opening quick, less complex, less expensive, and more secure exchanging than traditional REITs. With the use of this token, investors are given opportunity to partake directly in the Global REITs Fund Manager dividends which is similar to the traditional REITs.
|The diagrammatic representation below shows the use of blockchain in Real estate investment;

TOKEN DETAILS
Global REITs offers dual utility token to its users
Global REITs Fund manager (GREM)
Global REITs Assets Token (GRET)
Each subscriber will be given a share of the (GREM) and (GRET)
Token Ticker: GRET
1 GRET= 1 USD
ETHB, BTC, FIAT accepted
minimum investment 100 usd
soft cap=5,000,000usd(already met)
Hard cap=20,000,000 usd

TOKEN DISTRIBUTION

If you want to know more about the project, click the links below;
Website: https://globalreit.io
Whitepaper: https://globalreit.io/front/whitepaper/Global-REIT.pdf
Telegram: https://t.me/GlobalReit
Twitter: https://twitter.com/GlobalReit01
Bitcoin ANN: https://bitcointalk.org/index.php?topic=3352552.0
Writer: oly4life
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=1577997
ETH WALLET- 0xa12bCf1159Aa01C739269391AE2d0BE4037259f3