Global REIT is the first ever Blockchain based Sharia-compliant REIT to be launched in the market.
It is offering investors exposure to global real estate markets without the necessity of acquiring an entire property and shift the management and compliance obligations to the fund management.
Global REIT will acquire assets starting from U.A.E. and rapidly enter properties in jurisdictions worldwide. The first Asset under Management (AUM) will have a Net Asset Value (NAV) of USD 75 million and the total portfolio value of Global REIT is projected to reach USD 10 billion by end of 5 years.
The ICO of Global REIT will offer Dual Utility tokens to its subscribers –
1. Global REIT Fund Manager Token (GREM) and
2. Global REIT Asset Token (GRET)
This means that each subscriber will get share in the Fund Management Company (GREM) returns and the Asset Owning Company (GRET) returns besides the utility attached with both the tokens.
UTILITY OF TOKENS
The token holders of GREM and GRET will get future access to all Assets Under Management (AUM) of Global REIT. Regarding the Hospitality Assets, token holders with minimum 5,000 tokens of GRET or GREM can avail free stays every year. Furthermore, reward points will be offered in the Loyalty Programs attached with its AUM and these points can be used to avail free services up to a certain
Another utility for token holders of GREM is that those with minimum 100,000 tokens have an option to sell their real estate assets to Global REIT and enter the liquid market in crypto domain. These tokens can either be bought from the Fund Manager (GREM) or from the Open Market. The settlement of such acquisition will be done in any crypto currency and the capital base will be open ended.
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.
a. 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.
b. 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.
In the Pre-ICO stage, bonus tokens are offered to subscribers in 4 tranches with the maximum bonus tokens given to those subscribing in the 1st Tranche.
Ethereum (ERC-20), Bitcoin (BTC) and Fiat Currency will be accepted for subscription to these tokens and in return, the dividends will be paid in USD and USDT (Tether). to these tokens and in return, the dividends will be paid in USD and USDT (Tether).
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
• REITs who would like to take advantage of an already established block