Global REIT - Blockchain Based REIT

Global REIT works on the same mechanism as traditional REITs. REITs as you know offer dividends to its unit holders based on the income of its Assets under Management. Each subscriber will get 2 tokens upon subscription " - GREM - GRET Both GREM & GRET tokens are utility tokens & will provide future access to all its Assets under Management. Where token holders will receive discounts and benefits. Global REIT is welcoming its subscribers to participate both in the Fund Manager (GREM) returns as well as the income on the Assets under Management (GRET).

About Global REIT

GLOBALREIT IS THE FIRST EVER BLOCKCHAIN BASED REIT

• It is the first crypto-based REIT to be launched in the world.
• GlobalREIT works on the same mechanism as traditional REITs
• REITs as you know offer dividends to its unit holders based on the income of its Assets under Management. 
• Each subscriber will get 2 tokens upon subscription – GREM &  GRET. Both GREM & GRET tokens are utility tokens and will provide future access to all its Assets under Management. Where token holders will receive discounts and benefits.
• Global REIT is welcoming its subscribers to participate both in the Fund Manager (GREM) returns as well as the income on the Assets under Management (GRET).
• GRET will pay out dividends monthly to its subscribers.
• GRET has its first asset secured at 8% yield for multiple years on its 1st acquired asset as dividend
• The 1st Asset is valued at a USD 75 million located at The Palm Dubai, U.A.E
• Global REIT is open to REITs worldwide who would like to take advantage of an already established block chain framework and enter the crypto domain by contributing their assists and joining with Global REIT.

Key features of a typical REIT are :

• REITs are a platform for diversifying a long-term investment portfolio. 
• Income of a REIT is generated through rent earned from its owned-asset portfolio, interest earned by financing real estate assets or sale proceeds upon sale of assets under management (AUM).
• 90% of income generated by REIT is distributed as dividend to its shareholders.
• Publicly listed REITs are a liquid investment vehicle.

BLOCKCHAIN TECHNOLOGY
One of the most talked-about topics in the financial services industry
today is blockchain and is the current biggest market disruptor. It was
initially designed to facilitate, authorize, and log the transfer of bitcoins
and other cryptocurrencies. Cryptocurrencies are digital money that use
the blockchain technology to facilitate secure and anonymous
transactions. The statistics as of today, show the market cap of crypto
currencies at US $502,375,504,565 with block chain technology serving
as its back bone. This combination is being further linked to various
industries with an anticipation to revolutionize the traditional approach to
businesses and reap benefits including cost reduction, faster settlements
and increased transparency.

GLOBAL REIT – AN INTEGRATION OF REITS AND BLOCKCHAIN TECHNOLOGY
GLOBAL REIT AND REITS
Global REIT will work on the same mechanism as a traditional REIT but will offer additional benefits including –

• Future access to all its Assets under Management (AUM) starting with free stays every year in its 1st Hospitality Asset.
• Reward points will be offered in the Loyalty Programs attached with its AUM. These points can be used to avail free services up to a certain limit.
• The Asset portfolio of Global REIT will include assets acquired globally unlike traditional REITs which has imposed restrictions in this aspect.
• Token holders of Global REIT will benefit from their participation in the Fund Management Income’ as well which is not offered by traditional REITs.
• Token holders of ‘Asset Owning Company’ will be paid dividends monthly unlike traditional REITs.

GLOBAL REIT AND BLOCKCHAIN TECHNOLOGY
Global REIT will make use of Blockchain and will be of interest to the following:

• A crypto investor looking for stable dividends
• A crypto investor seeking to invest in real estate assets
• Real Estate Asset holders looking to exit into a liquid market in the crypto domain
• REITs who would like to take advantage of an already established block chain framework

RoadMap

ICO Detail

DISTRIBUTION OF TOKENS

GREM TOKEN DISTRIBUTION

~ 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.

GRET TOKEN DISTRIBUTION

~ 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 :
1. 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

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.

• 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.
• 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.

CORPORATE AND TECHNOLOGICAL GOVERNANCE
Since Global REIT is one of the first blockchain based real estate platforms, we have ensured that concerns of transparency and independence in decision making are addressed strictly. The interest of all its stakeholders will be safeguarded through the below exhibited corporate and technological governance board and committees .

BLOCKCHAIN INFRASTRUCTURE FOR REITS
TECHNOLOGY
At Global REIT we aim to create true diversification across multiple real estate asset classes to enable users to invest seamlessly into a broad asset backed portfolio. Our vision is to not only revolutionize the REIT industry within focused regions and geographies, but to create a diverse and vibrant platform for assets from multiple REITs across the globe to plug into, unlocking a wave of cross-investment potential and opportunities worldwide.

PLATFORM COMPONENTS
The Global REIT platform, at its core, functions to issue real estate assets and distribute dividends to all participants and investors. The core modules that enable this are :

• The Asset Management Module
• The Compliance and Security Module
• The Transaction Module

ASSET MANAGEMENT MODULE
This is a multipurpose module that handles both the frontend and the backend of all assets listed on the platform. End users get to see asset features, listings, values, market trends, historical information, and a wide variety of additional information on each asset listed, which the asset management module passes to the transaction module.

TRANSACTION MODULE
The transaction module handles all API and interface calls with the external world, and validates all transactions with both the Asset Management Module as well as the Compliance Module. The module houses all central business logic for the platform and is responsible for executing instructions from all participants in the ecosystem.

COMPLIANCE AND SECURITY MODULE
GlobalREIT provides a completely safe and secure platform for investors and asset owners to transact on. The Compliance and Security Module serves to provide this level of security 24/7 by implementing thorough industry standard checks and balances on transacting parties, ensuring fraud elimination across the system.

GRET TOKEN AND ASSET VERIFICATION
For a successful blockchain based REIT to function, proof of asset ownership is a vital component in the value chain. Our proprietary protocol to ingest real estate assets and tokenize them via a smart
contract lies at the heart of the system. The architecture of the system is based upon developing a smart contract to establish trust between three key parties :

1. The Investor.
2. The Asset Owner (or broker).
3. The GlobalREIT Fund Management Company.

GLOBAL REIT SECTOR

The Global REIT sector has grown significantly in the last decade, both in terms of REITs being introduced in new countries, and in terms of an increase in the size of the sector in existing jurisdictions. 

GLOBAL ACQUISITION FLOW

ICO Info

Token : GRET

PreICO Price : 1 GRET = 1 USD

Price : 1 GRET = 1 USD

Platform : Ethereum

Minimum investment : 100 USD

Soft cap : 5,000,000 USD

Hard cap : 20,000,000 USD

The Team

For more information you can visit the link below :

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Article by :
username : chong_ali
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