GLOBAL REIT - GLOBAL REAL ESTATE INVESTMENT TRUST

- Juni 01, 2018

https://www.globalreit.io/

Introduction

REAL ESTATE INVESTMENT TRUSTS (REITS)

Real estate investing is an increasingly favourable method of wealth-building, and there are many ways for individuals to invest in real estate. However, traditional real estate investment models have immense barriers to entry. They create onerous burden in terms of regulatory and financial aspects attached to them and makes investing unfeasible for most of the potential investors. For example, if you want to own a real estate asset in a foreign country, in addition to the significant capital required for purchasing the asset itself, you would generally need to incorporate a local entity as an investing partner since investment by foreign investors is restricted in most jurisdictions. 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. Further, there are restrictions on the type of property funds that an investor may invest in, limiting choice and developers access to capital. Foreign direct investment also has vulnerability attached to it in terms micro and macro-economic conditions in each country.

To mitigate these risks and overcome investing challenges, 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.

VISION

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.

ICO DETAIL

DISTRIBUTION OF TOKENS

• 57,857,143 GREM Tokens will be issued in Pre ICO
• 21,428,571 GREM Tokens will be issued in 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 in Pre ICO
• 4,500,000 GRET Tokens will be issued in Public ICO
• 58,350,000 GRET Tokens will be issued to the Asset Owner of the 1st Asset to be acquired by Global REIT

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

TEAM