Christopher ZeniosLead Real Estate plans to complete the developments before the 2020 Olympics that will be held in Tokyo, the company wishes to fund projects Ginza, Shinjuku, Shibuya, Ebisu, Shinagawa, and Meguro.
Following the announcement of the Olympics, Tokyo’s real estate market has boomed with rent rising alongside an increase in foreign investment.
Lead Real Estate commented:
The fluctuating real estate market in Japan (yields in urban areas were 3-10%) and the negative interest rate, a Japanese political measure, maximized the appeal of Japanese real estate with the 2020 Olympics games coming around the corner.
The funding of the projects is in collaboration with the token platform Securitize, the partnership is being conducted with regulations in accordance with the US SEC regulation D and S, with documents prepared by Greenberg Traurig, LLP.
According to ledger insights it states:
The main benefit of tokenization is that a token issuer can directly sell to an investor. This removes the middlemen, such as brokers or agents, to buy or sell properties. For property developers, it opens new means of funding without approaching banks, and other financial institutions.
In the case of this collaboration the company Securitize, based in San Francisco, will provide the platform for the issuing of the security tokens. The real estate company has already raised $14 million from Santander InnoVentures, Mitsubishi UFJ Financial Group (MUFG) Innovation Partners, and Nomura Holdings to fund projects.
