An equity raise of the property in late summer / early fall 2018 brought in $18 million with a cap rate of about 5.8 percent. This was executed in conjunction with a regulated Security Token using Reg D – 506 (c). It’s one of the first cases of tokenizing a commercial real estate property.
Learn why they did it and how they did it through this webinar hosted by the Security Token Academy, a leader in covering and facilitating the security token industry. Via its CREST brand, they provide dedicated coverage of commercial real estate investing powered by security tokens.
Participants: President of Elevated Returns, Senior Managing Director JLL Hotels and Hospitality, and other experts
On January 16, 2019, join in on a live, multi-city webinar as experts explore this deal, and grill Stephane De Baets – founder and president of Elevated Returns, the owner of the St. Regis Aspen. Stephane will be joined by Jeffrey Davis, Senior Managing Director of JLL Hotels & Hospitality.
This webinar will feature two segments:
Part 1: Background and Basic Overview
How Security Token-based Commercial Real Estate (CRE) investment is the latest wave in CRE disruption
The hotel and hospitality segment of CRE
A tour of the St. Regis Aspen Resort
The overall results of the raise
Part 2: A Deep Dive on the Investment Mechanism and Process
How investors were able to participate
The use of smart contracts and what they mean to investors
Legal contracts vs. smart contracts
The opportunity for future liquidity in the traditionally illiquid world of CRE
For more information or to register, visit https://www.securitytokenacademy.com/info/crest-2105/