Global REIT: Bringing Real Estate Investment Trust To Blockchain Technology
I once heard someone say "the only way to deal with real estate investment is to accept it, if you are not sure of other ways to invest your money" Then I start to wonder if the problems with real estate could really be solved, or the medium class of a country will always be deprived from real estate investment while it is left for the rich.
Even as the outlook for housing and the rental-property market remains bullish, buying and managing a rental property is far from easy money. Some real estate experts say that investment in real estate, most especially when you put a property
out for rent doesn’t actually fit all people, usually those who get mad fast at little problems as problems in real estate investment happen all the time, eventually. High interest rates, maintenance, insurance, regulations, transaction fees and leverages are other problems still existing in real estate investments.
However, anyone interested in making it on rental properties, a much easier path than buying actual rental properties. Global REIT(real-estate investment trusts) should be the right place, a project that aims to mitigate the risks connected to real estate investment and overcome investing challenges with blockchain technology.
What is Global REIT?
As the name implies, Global Real Estate Investment Trust, is an online blockchain platform that sets to offer alternative investment opportunities for Cryptocurrency Real Estate investors. It is offering investors exposure to global real estate markets without the necessity of acquiring an entire property and shift the management and compliance obligations to the fund management. The platform functions as a trust corporation that would claim ownership or provide finances to business entities and can be either publicly or privately owned. All platform activities involve long-term investments whose income generation depends on rent collection, financing interests and sale proceeds from assets under management.
Global REIT is the first ever Blockchain based Sharia-compliant REIT to be launched in the market. Global REIT will acquire assets starting from U.A.E. and rapidly enter properties in jurisdictions worldwide. The first Asset under Management (AUM) will have a Net Asset Value (NAV) of USD 75 million and the total portfolio value of Global REIT is projected to reach USD 10 billion by end of 5 years.
The vision of Global REIT is to create a global real estate investment portfolio that will offer additional benefits than a traditional REIT by introducing REITs to BlockChain Technology. Global REIT will begin its investor offering at its home base in Dubai, U.A.E. and then rapidly expand worldwide. The company sees cryptocurrency investors who want to simultaneously invest in real estate and earn regular dividends and, real estate holders seeking to exit into a liquid market anchored by cryptocurrency, as their key targets for participation on the Global REIT platform.
How Global REIT Works
Investors of the Global REIT blockchain technology platform will be endorsed with both the Global REIT Fund Management Token (GREM) and the Global REIT Asset Token (GRET). This will enable them access both tokens and benefit from the share returns in addition to the utility that both tokens offer. Other benefits of the platform are as follows:
Complete compliance and Security Module for all Global REIT investors and asset owners transactions.
Free stays for above 5,000Gret and Grem token ownership.
An asset management model for both frontend and backend of all assets on the platform.
Selling off real estate assets within the ecosystem for 100,000 Grem token holders, with multiple Cryptocurrency payment options .
A stable 1.25 % AUM annual income for Grem token holders after three years
A steady return on investment income of 8% annually for GRET token holders for first acquired assets.
ICO Details & Token Allocation
GREM Total Supply: 200 million
GREM ICO Supply: 21,428,571
GREM ICO Price: 1 GREM = $0.07 USD
GREM ICO Price: 1 GREM = $0.07 USD
GRET Total Supply: 75million
GRET ICO Supply: 4,500,000
GRET ICO Price: 1 GRET = $1.00 USD
Platform: Ethereum
Minimum Investment: 100 USD
Currencies Aceepted: BTC, ETH and Fiats
Soft Cap: 5,000,000 USD
Hard Cap: 20,000,000 USD
Country: UAE
Restrited Countries: USA and Japan
Roadmap
Team
Global REIT Useful Links
Website
ANN Thread
Bounty Thread
Telegram
Written by telegram user: Xpency
Bitcointalk username: Xpency
Bitcointalk Url: https://bitcointalk.org/index.php?action=profile;u=1800192