Barriers to Traditional Real Estate and the REIT Solution
Over the past decades, real estate has grown persistently in popularity as an investment vehicle because it offers lucrative investment and wealth-building opportunities. Unfortunately, high capital, regulatory compliance, and various statutory requirements have restricted average investors from benefiting from traditional real estate market. However, Real Estate Investment Trusts (REITs) provide an alternative opportunity for investors to participate and benefit from the real estate economy.
A REIT is a company that owns or finances income-generating real estate. By virtue of their special tax status, REITs distribute 90% of their income as dividends to shareholders. This dividend yield is generally higher compared to the broader market. Investment in REITs eliminates some issues in direct investment real estate such as surprise expenses on property or problems arising from tenancy. So essentially, REITs are a better investment vehicle.
Since the advent of blockchain technology for bitcoin transactions in 2008, there has been an enormous interest and growth in the technology and cryptocurrencies generally. Blockchain as a decentralized public ledger enables the secure, trustless, and transparent transfer of data. It is the rave in the world of emerging technology.
Global Real Estate Investment Trusts (Global REIT).
Global REIT intends to revolutionize traditional REIT by migrating REIT operations to the blockchain. This will help expand the REIT economy beyond traditional investors to cryptocurrency investors and blockchain enthusiasts that are interested in diversifying their investment portfolio. Global REIT is world’s first blockchain-powered Sharia-compliant REIT. Based in Dubai in the United Arab Emirates (U.A.E.), Global REIT offers investors exposure to international real estate markets without having to purchase an entire property or facing the bottlenecks associated with traditional real estate investment. Beyond the benefits of traditional REIT, Global REIT aims to provide additional value and benefits to investors in the project
Why Invest in Global REIT?
Global REIT presents investors with an opportunity to access and invest in global real estate without necessarily buying an entire property. The implication of this is that an average investor can own stakes in real estate as shareholders from any location around the globe. As a blockchain based REIT, all transactions are visible and auditable on the blockchain. Records on the blockchain are public and immutable, meaning that they cannot be altered. So as a shareholder in Global REIT, you can view the assets owned and managed by Global REIT.
Global REIT offers its shareholders 90% of income as payouts in the form of dividends. This is very attractive and represents the highest payout in the real estate market. So Global REIT is the perfect answer to cryptocurrency investors seeking stable dividends. Token holders get paid on a monthly basis in USD and Tether (USDT).
As a public listed REIT, Global REIT provides an avenue for real estate asset holders to exit into a liquid market in the cryptocurrency space.
Global REIT token holders will have future access to all the Assets under Management (AUM) of Global REIT beginning with free stays annually in its first hospitality asset in U.A.E. Furthermore, investors will be incentivized with reward points which can be used to enjoy available free services to a defined limit.
Global REIT Platform
Global REIT has developed a high-performance platform based on the Ethereum blockchain. Transactions on the platform will be driven by GRET (primary utility token) and GREM (secondary token), both of which are ERC20 tokens. The platform consists of three core modules; asset management module, compliance and security module, and transaction module.
This is how the platform works; investors deposit either Bitcoin or Ethereum into the smart contract while asset owners or brokers register their assets with the GlobalREIT Fund Manager (GRFM). The GRFM confirms receipt of the asset in notarized form. Once the validity of the asset has been established, the cryptocurrency deposited by the investor is transferred to the asset owner while the investor gets GRET in return. These asset-backed tokens can also be traded on external exchanges where the tokens are listed.
Tokenomics
Global REIT is offering investors dual utility tokens, Global REIT Fund Manager Token (GREM) and Global REIT Asset Token (GRET). These tokens represent shares in the category that they are and will enable holders to have future access to all of Global REIT’s Assets under Management (AUM).
The total supply for GREM and GRET tokens are 200 million and 75 million respectively out of which only 79,285,714 and 16,650,000 respectively will be sold at the pre-ICO and public crowd sale.
Team
The Global REIT team is made up of seasoned and highly experienced professionals drawn from various backgrounds such as real estate, asset management, finance, software development, gaming, and business. The team is led by Ali Tumbi, a highly successful entrepreneur with a special knack for solving problems. The management has proven track record and practical exposure to the real estate market and is ready to transfer this to the blockchain for the benefit of crypto investors.
GlobalReit Partners
For cryptocurrency enthusiasts and investors who are looking for a lucrative diversification of investment, GlobalReit presents an unrefusable offer to build wealth.
For further information, visit:
Website: https://globalreit.io
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3341986.msg34966361#msg34966361
Whitepaper: https://globalreit.io/front/whitepaper/Global-REIT.pdf
Telegram: https://t.me/GlobalReit