For many, investing in real estate is the most favorable way to increase capital. Nevertheless, traditional models of investment in real estate have high entry barriers. Also, they are burdensome regarding legal and financial aspects, which makes them unworkable for most potential investors.

For example, if a user intends to own immovable property in a foreign country, then in addition to significant capital for the purchase of an asset, he will necessarily need to register a local organization as an investment partner. Also, it will be necessary to comply with all legal requirements, including, tax, accounting and registration obligations. It is worth adding that there are restrictions on those real estate funds, in which the investor can invest. Finally, foreign direct investment is vulnerable to the micro and macroeconomic conditions of each country.

Decision

To minimize these risks and overcome investment problems, new real estate trusts are needed, as an alternative investment tool. REIT (Real Estate Investment Trust) is a trust, corporation or association that owns a valuable real estate, which may be in public or private ownership.

Global Reit Project

Global REIT intends to create a comprehensive real estate investment portfolio offering additional benefits, unlike the traditional REIT. That is, it will be a symbiosis of REIT with blockchain technology.

Global REIT plans to start its operations in Dubai and the US, and then quickly spread around the world. The company intends to connect crypto-currency investors who want to invest in real estate simultaneously and receive regular dividends with property owners and seeking to enter the liquidity market of crypto-currencies in the global REIT ecosystem.

Thus, the project offers investors access to global real estate markets without the need to purchase all property.

Global REIT will acquire assets, starting with real estate in the UAE, and then quickly enter the markets of other jurisdictions. The net value of the first investment asset under management (AUM, Asset Under Management) is $ 75 million. The total cost of the Global REIT portfolio, according to preliminary forecasts, will reach $ 10 billion in 5 years.

Blockchain infrastructure 

The Global REIT project aims to create a real diversification of several classes of real estate assets so that users have a wide investment choice. The goal of the project is not only in the revolution of the REIT industry but also in creating a diverse and vibrant asset management platform around the world that will give numerous opportunities.

To this end, a robust platform was built on the Ethereum blockchain, using the strengths of smart contracts for custom tokens (GRET). The GRET token is fully traded on all token exchange platforms, which opens up a quick, simple, cheap and safer trade, unlike traditional REITs. This allows any investor to hedge risks not only in fiat currencies but also in real assets.

ICO Details and Token Functionality

ICO Global REIT will offer its investors two tokens: a global fund manager's REIT (GREM) token and a global resource token REIT (GRET).

This means that each investor will receive a share in the profits of the management company of the fund (with the purchase of GREM).

At the Pre-ICO stage, bonus tokens are offered to investors in 4 tranches, with the maximum number of bonus tokens given to subscribers in the 1st tranche.

Buying tokens:

• Ethereum (ETH),
• Bitcoin (BTC),
• The fiat money.

In return, dividends will be paid in US dollars and crypto dollars (Tether).

The usefulness of tokens

Owners of GREM and GRET tokens will have future access to all assets under management (AUM) of Global REIT. Also, the project offers bonus points in loyalty programs, attached to the AUM. They can be used to provide free services.

Owners of at least 100,000 tokens will be able to sell their Global REIT real estate assets and enter a liquid market.

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You can find detailed information on the following links:
Official website
Whitepaper
Bitcointalk ANN Thread
Bitcointalk Bounty Thread
Telegram
Twitter
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