Tokenized Real Estate: A $17 Trillion Opportunityby@ELEV8
1,975 reads

Tokenized Real Estate: A $17 Trillion Opportunity

November 21st 2019
6 min
by @ELEV8 1,975 reads
tldt arrow
Read on Terminal Reader🖨️

Too Long; Didn't Read

In September 2010, Stephane De Baets bought the St. Regis Aspen Colorado Hotel for $ 70 million in September 2010. He bought the 5-star hotel from the hotel, invested another $ 50m into the renovation program and gave Starwood a 50-year management contract subject to performance. DeBaets is now launching the first real estate tokenized real estate investment trust, a real estate asset tokenization, in October of 2019. He says it is one of the first trophy asset tokenizations where effectively there was an offering document and there was a placement.

Company Mentioned

Mention Thumbnail
featured image - Tokenized Real Estate: A $17 Trillion Opportunity
ELEV8 HackerNoon profile picture

@ELEV8

ELEV8

react to story with heart
ELEV8 HackerNoon profile picture
by ELEV8 @ELEV8.ELEV8’s vision is that new emerging technologies such as AI, blockchain, cryptocurrencies, and digit
Read my stories

RELATED STORIES

L O A D I N G
. . . comments & more!
Hackernoon hq - po box 2206, edwards, colorado 81632, usa