What is 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.