Global REIT(GRET)

# Name Link ICOscale Total End Time
Global REIT(GRET) Global REIT(GRET) Pre,Main Pending statistics
Whitepaper for Global REIT(GRET)

Summary

The Dubai-based Global Reit project is bringing real estate investment trusts (REIT) to the blockchain. In essence, this gives real estate investors the ability to invest without the requirement of purchasing a whole property. Global REIT will acquire the real estate assets (in this case, their first target is a hotel in Dubai worth USD$75 million secured on a multi-year 8% yield contract) and token holders will own a portion of the assets in accordance with the amount of tokens they hold, receiving dividends from that investment. Investors will receive two utility tokens, one to participate in the Fund Manager, the GREM, and the other referring to the asset under management called GRET. Global REIT is also the first sharia-compliant REIT on the blockchain, opening the door to the wide muslim investment market.

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