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REIT - corporation or an association that owns, or finances income producing real estate

Juni 27, 2018 , , , , , , , ,



INTRODUCTION

Investing in real estate has long been a well-known method of wealth-building. Favoured by many and with a myriad of options to choose from, individuals are spoilt for choice when it comes to their investment options.
However, traditional real estate investment models present immense barriers to entry. Apart from the onerous burden they create in terms of regulatory procedures, the financial aspects attached to them make investing nearly unfeasible for most potential investors. For example, if you wish to own property in a foreign country, in addition to the significant capital required for the purchase of the asset, you would typically also be required to incorporate a local entity as an investing partner, due to restrictions imposed on foreign investors in most jurisdictions. Apart from this, you also need to fulfil all the statutory requirements, including but not limited to tax, accounting and ongoing registration obligations, which have significant costs associated with them.

To mitigate these risks and overcome investing challenges, the market offers Real Estate Investment Trusts (REITs) as an alternative investment vehicle. A REIT is a trust, corporation or an association that owns, or finances income producing real estate and can be publicly listed or privately owned.

How Do REITS Work ??


The key features of a typical REIT are as follows:
  • REITs are a platform for diversifying a long-term investment portfolio
  • Income of a REIT is generated through rent earned from its owned-asset portfolio, interest earned by financing real estate assets or sale proceeds upon sale of assets under management (AUM)
  • 90% of income generated by REIT is distributed as dividend to its shareholders
  • Publicly listed REITs are a liquid investment vehicle
However, REITs too have their own downsides. Some of these include:
  • Jurisdictional dependence on geography
  • Financial barriers to investment
  • Distribution being paid out half-yearly or annually
  • Legislative in terms of the complex approvals on sale and purchase of assets

About GLOBAL REIT

֍VISION

The vision of Global REIT is to be able to create a truly global real estate investment portfolio that will offer better value-added benefits than traditional REITs. This is set to shape the landscape worldwide, in how real estate investments are perceived, accessed and transacted.

֍MISSION

Global REIT will offer investors exposure to global real estate markets without the necessity of acquiring an entire property, by shifting the management and compliance obligations to the fund management. In the process, investors will earn from property, while enjoying stable, instantaneous and monthly dividends, along with a host of other additional benefits, not otherwise offered by traditional REITs.

֍BRIEF DESCRIPTION

Global REIT is the first ever blockchain-based Sharia-compliant REIT to be launched in the market.
The company will acquire assets, starting from UAE and rapidly enter properties in jurisdictions worldwide. The first Asset under Management (AUM) will have a Net Asset Value (NAV) of USD 75 million. The total portfolio value of Global REIT is projected to reach USD 10 billion by end of 5 years.

The ICO will offer the following dual utility tokens to its subscribers in a respective 25-75 split:
  • Global REIT Fund Manager Token (GREM)
  • Global REIT Asset Token (GRET)

This means that each subscriber will get a share in the Fund Management Company (GREM) returns and the Asset Owning Company (GRET) returns besides the utility attached with both the tokens In the pre-ICO stage, bonus tokens are offered to subscribers in four tranches with the maximum bonus tokens given to those subscribing in the first tranche.

Ethereum (ERC-20), Bitcoin (BTC) and Fiat Currency will be accepted for subscription to these tokens and in return, the dividends will be paid in USD and USDT (Tether)

ICO Detail


DISTRIBUTION OF TOKENS


  • 57,857,143 GREM tokens will be issued pre-ICO
  • 21,428,571 GREM tokens will be issued in the public ICO
  • 110,714,286 GREM tokens will be retained by the Fund Management Company
  • 10,000,000 GREM tokens will be reserved for the Advisory Board of Global REIT

  • 12,150,000 GRET tokens will be issued pre-ICO
  • 4,500,000 GRET tokens will be issued in the public ICO
  • 58,350,000 GRET tokens will be issued to the asset owner of the first asset that will be acquired by Global REIT

ROADMAP


TEAM


ADVISORS




For more informations:

BTT Profile: moetimas
ETH: 0x9F32B480d18d44F5b01F890837Eb3A86D47BbBC7

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