Given the growth in the popularity of real estate investment trusts (REITs) among investors, it was inevitable that one would be created specifically tailored to cryptocurrency investors. Global REIT is one such project that will leverage the blockchain to bring this type of investment to cryptocurrency investors.
REITs are diversified portfolios of real estate assets that generate dividends to stockholders primarily from renting. They are popular because they provide fairly consistent returns while managed by professionals acquainted with real estate. Another enticing aspect of this type of investment is that its performance is unrelated with the performance of the overall stock market, thus financially immunizing investors to market swings. Generally, they distribute 90 percent or more of their profits to investors.
Global REIT will make its first asset acquisition in the U.A.E. and plans to expand to other countries in the future. Investors will thus benefit from real estate assets in multiple countries without having to worry about the regulatory hurdles involved. According to the whitepaper, Global REIT aims to have a portfolio valued at $10,000,000,000 in five years.
The project will issue two ERC20 tokens, GRET and GREM, that run on top of the Ethereum blockchain. Token holders of both will receive monthly dividends. The GREM token will at first issue dividends at two percent of the net asset value (NAV), with a reduction to 1.25 percent as the project grows, and the GRET token will provide a fixed dividend of eight percent of the investment of assets under management (AUM). During the crowdsale, GREM will priced at $0.07 and GRET for $1.
The pre-ICO began on May 1, 2018 and will end May 31, 2018. The ICO begins June 1, 2018 and ends June 30, 2018. The soft cap is $5,000,000 and the hard cap is $20,000,000, with a minimum investment of $100. The project will also remain Sharia-compliant, thus attracting a large pool of international investors. For cryptocurrency investors looking to own digital tokens tied to hard assets, Global REIT might be a very attractive option.
*I am receiving Global REIT tokens for the growth of the community.
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