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Global REIT Token and ICO Details

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.

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

ICO Details

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 

• 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 

GRET Token Details

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

Created by:
Username bitcointalk : trysetya11
Link profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1686500
Ethereum Wallet Address : 0x24F26311B28E86523DB5f34BbF69cb63f331D4

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