The First Blockchain Based Sharia-complaint REIT

Global REIT is the first ever Blockchain based Sharia-compliant REIT to be launched in the market. 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.

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.

Vision of Global REIT

Vision of Global REIT is to create a global real estate investment portfolio that will offer additional benefits than a traditional REIT by intertwining REITs to the Block Chain 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.

To enable this vision, we have built a world class robust platform on the Ethereum blockchain, leveraging the strengths of smart contracts to create custom asset tokens (GRET). The GRET token is based off the ERC20 standard, thereby making it fully tradable on all token exchange platforms, unlocking rapid, simpler, cheaper, and more secure trading than traditional REITs. This enables investors of all sizes to now hedge their risks not only in FIAT currencies, but in real assets instead. In addition to the GRET, our platform also enables a secondary token on the ERC20 standard called GREM. This globally tradable token allows investors to partake directly in the GlobalREIT Fund Manager dividends, similar to how traditional REITs are structured. Together, both the GRET and the GREM offer a turnkey solution to revolutionize real estate investments, making them accessible to multiple classes of investors.

UTILITY OF TOKENS

The token holders of GREM and GRET will get future access to all Assets Under Management (AUM) of Global REIT. Regarding the Hospitality Assets, token holders with minimum 5,000 tokens of GRET or GREM can avail free stays every year. Furthermore, reward points will be offered in the Loyalty Programs attached with its AUM and these points can be used to avail free services up to a certain limit
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Another utility for token holders of GREM is that those with minimum 100,000 tokens have an option to sell their real estate assets to Global REIT and enter the liquid market in crypto domain. These tokens can either be bought from the Fund Manager (GREM) or from the Open Market. The settlement of such acquisition will be done in any cryptocurrency and the capital base will be open ended.

TOKEN PROCEEDS UTILIZATION

The utlization of proceeds from GREM Tokens will be as follows:

• Funds raised by Sale of 79,285,714 GREM Tokens in both Pre & Public ICO will be used by the Fund Management Company to carry out operations:

35% Sales & Marketing
30% Fixed compensation for team
15% Administrative expenses (office, IT, server hosting, taxes, etc.)
10% Legal & regulatory expenses
5% Audit expenses
5% Other miscellaneous expenses

• 110,714,286 Tokens retained by the Fund Manager will be used in the process of acquisition of assets in the future
• The 10,000,000 Tokens reserved for Advisors will be used as remuneration for their services The utilization of proceeds from GRET Tokens will be as follows:
• Funds raised by sale of 16,650,000 GRET Tokens in both Pre & Public ICO will be used to fund 22% of total acquisition price of its 1st Asset Under Management
• Balance 58,350,000 Tokens will be used for settlement of the 1st Asset acquired by Global REIT

ASSET RETURN

The 1st asset will be secured on an 8% yield locked in for 5 years. The return will be distributed as follows upon token subscription in the form of dividends.

a. The income of GREM Token holders will initially start at 2% of AUM and will reduce by 0.25 % annually over the first three years stabilising at 1.25% thereon. This income is before any expenses related to operations are incurred.
b. The income of GRET Token holders will be a stable ROI of 8% p.a. on its 1st acquired asset. This income is before any expenses related to operations are incurred.