REAL ESTATE TECHNOLOGY
prnewswire | December 29, 2020
UC Asset, an Atlanta-based worldwide land investment firm, reported the organization has invested introductory capital of roughly $1 million into SHOC Holdings LLC, and named Greg Bankston, who right now serves as an overseeing individual from UCASU's overall accomplice, as CEO of SHOC. The organization believes Bankston's twenty-year land foundation and information on the city's history make him the ideal applicant.
SHOC, a completely possessed investee of UCASU, will obtain and create properties under UCASU's Airbnb-based imaginative property investment strategy. The new strategy will focus on home office innovation for voyaging professionals. SHOC aims to profit by another industrial pattern, i.e., the switch of business travelers from customary business lodging to shared convenience by means of platforms such as Airnbnb and Vrbo. UCASU's administration projects a $60 billion market in the coming years for this new pattern.
"It is a revolution happening across the board," shares Larry Wu, founding partner of UC Asset, "Just like conventional taxi businesses are being taken over by shared-ride companies like Uber and Lyft, we believe conventional hotels will be taken over by technology driven shared-accommodation spaces."
Shared convenience properties have pulled in investors in the past year, yet Wu claims there are no institutional investors who specialize in shared convenience properties furnished with home-office facilities, which will be almost exclusively promoted to business travelers.
"Shared accommodations have replaced a fair share of vocational resorts. But conventional hotels who serve business travelers have held their grounds," explains Wu. "Before COVID-19, conventional hotels in central business districts or around airport hubs were still doing extremely well. Occupancy rate of these hotels stayed about 80% even 90% in major metros like Atlanta."
Yet, COVID-19 has assisted a transition in work habits and numerous individuals will forever spend additional time in home office spaces. This pattern, as per the UCASU, will incite travelers to choose home-office style shared-accommodations over customary hotels.
As of late, UCASU held a top-level research firm to lead market survey, and the results seemingly affirmed UCASU's conviction that business travelers will use more shared-accommodations, if those share-accommodations are furnished with home office facilities. UCASU claims that its supervisory crew is "past energized" at this first round of research information.
"While we will retain our other investments, we are very committed to this new investment strategy because of its brilliant prospect," says Wu. "The initial $1 million will allow us to test this new strategy on a practical scale. Meanwhile we will explore all options to expand on this new strategy. Our goal is to form a $10 million portfolio of shared home office properties over the next 12 months."
UCASU, through its other investees, has made successful investments into home renovations. It believes the new strategy, brand-named SHOC (Share-Home Office Community) will add cash pay to benefit from house redesign, and possibly improve the complete ROI to a level astoundingly higher than market normal.
About UC Asset:
UC Asset LP is a limited partnership formed for the purpose of investing in real estate for development and redevelopment, concentrating in metropolitan areas of Atlanta, GA and Dallas, TX. For more information about UC Asset.
TermSheet | July 07, 2020
TermSheet, a private-equity backed real estate software company, is proud to announce the launch of its end-to-end real estate deal management platform. TermSheet provides investors, large and small, the necessary toolkit to successfully prospect, manage and execute real estate transactions. Since its inception in early 2020, TermSheet has built a platform that can streamline the entire life cycle of a real estate transaction. TermSheet provides real estate investors with a platform that can efficiently manage their pipelines, documents, tasks, contacts, data and much more.
REAL ESTATE INVESTMENT
LandOrc | August 30, 2021
Bridging the USD 500 billion Real Estate Funding Gap via USD 19 billion and growing Decentralised Finance pool.
LandOrc is pioneering a new way of collateral based lending for the real estate industry. Specially focusing on high base lending rate markets with annual property development spends in the region of USD 500 billion. Property developers in the markets are seeking lower cost of capital to improve their profitability.
On the other end, growth of the decentralised finance products have been based primarily on virtual assets. Availability of real world assets like land, provided as a collateral against lending, provides a greater level of reassurance to the crypto investors operating on decentralised finance. This land collateral is in the form of NFT (Non Fungible Token) with oracles bringing in other physical world data points associated to the land title on-chain.
Thus bringing greater transparency and pace for transactions via blockchain. An analysis of Ethereum wallets show that 99% of wallets are still not involved in speculative financing activity and hence would see value in land collateral based lending.
A number of property developers from high interest markets in Asia and Africa have already lined up their projects for lending along with a collateral thus ensuring there is a flow of potential projects. LandOrc opened up their platform to early stage investors on the 15th of August for them to understand the business, working of DApps (decentralised applications) and buying LandOrc (LORC) tokens.
LORC tokens are the sole means available for staking or lending on the LandOrc platform. They are available for purchase on the platform itself and decentralised exchanges like Uniswap. Thus offering investors multiple opportunities to participate in the LandOrc platform.
With all its smart contracts listed on Etherscan and security checked by Entersoft, an Australia based IT and Blockchain security expert. The entire DApps from NFT creation to token staking is available for viewing for the community to better understand the process.
The launch has been very well received by the investors, these pioneers have already bought the entire seed round. Like the early days of Bitcoin these pioneer investors have received the first block of LORC tokens The pioneer investors are looking forward to the future growth of the LandOrc and are enjoying some of the bonus benefits available for pioneers.