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- ☀️ Miami Real Estate just got liquid
Gooood morning, Rainmakers! ☀️
As always, I have two captivating topics for you to dive into:
1️⃣ 🏫 💦 Miami Real Estate just got liquid: A popular real estate building right near our HQ in Miami is getting liquid soon!
2️⃣ 🎥 Democratization of Hollywood: Now anyone can get exposure to Hollywood, without writing substantial checks.
Without further ado, it's time to…
Get liquid 💧
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🏫 💦 Miami Real Estate just got liquid
Before we dive in, I have a quick question for you:
What city is home to the crypto capital of the world, the HQ of Security Token Market, and liquid real estate?
If you answered Miami, you are a freakin' genius!
You are probably intrigued by what I meant by 'liquid real estate.'
I'm glad you are because this is something I am super excited about!
I'm talking about THesis Hotel Miami, right in Coral Gables, FL.
This property is a newly constructed and developed by Nolan Reynold's International (NRI) with 770,000 SF expansive mixed-use development comprised of:
THesis Residences with 204 residential apartments and a complementing hotel with 245 rooms.
Nestled between the ground floor, is an open-air inviting public space surrounded by retail that bolsters 8,000 square feet of meeting spaces and three owned restaurants: Mamey, Mamey on Third, and Orno.
The residential units are 99% leased as of June 2021 and the Hotel has become a strong partner for the University of Miami in both transient, group, and academic business.
In July of 2021, they launched a Reg D 506(c) offering (which means they can raise solely from US accredited investors and market the offering as well) of up to $85M.
When an offering leverages the Reg D 506(c) exemption, it means once the offering closes it will take 12 months before the token is available to trade.
Well, it just so happens It's been more than 12 months, and it looks like NRI has chosen a provider that I personally haven't heard from in a long time.
Initially, they said they would leverage a secondary marketplace like INX, Securitize, or tZERO, but ended up choosing Templum Markets.
According to sources, "the security token is programmatically tied to XDEX, a private restricted access enterprise second layer distributed ledger blockchain platform operated by the Transfer Agent that functions as an independent system of record and audit network designed to increase the accuracy, function, and compliance of the layer one public network."
In other words, due to the fact that in the US a fully blockchain-native marketplace is not permitted, secondary trading venues are still required to record all transfers via a 3rd party/transfer agent.
I am excited to see the first token trading on Templum and one that is close to home too.
🎥 Democratization of Hollywood
The beauty of security tokens is the optionality and wide variety of use cases that the technology enables.
It could be private equity, real estate, early-stage companies, debt... or even show business.
There are millions of dream chasers that dream of making it in Hollywood, but most never do.
Now, if you are an actor or an actress, I can't help you achieve your goals, but what I can do is show you how you can get your portfolio exposure to this industry.
Introducing... The Advent Token, which will be the first digital security that opens the door to profit participation in Hollywood movies, television shows, and video games!
This also isn't just some random idea, this is a project backed by some pretty impressive resumes:
Two Academy Award winners, Phillip Goldfine and Keith Merrill, and is led by Lee Baker and Jarom Sidwell, who have worked on projects such as Avatar, Avengers, Spiderman, Race to Witch Mountain, as well as with Stan Lee.
Let's take a look at the deal terms:
Token Type: ERC-1404 Security Token
Offering Platform: INX
Project Name: Advent Entertainment
Token Symbol: ATX
Initial Token Sale Start Date: October 24, 2022
Minimum Investment Amount: $7500
Exemptions: Reg D/Reg S
This offering goes live on October 24th, 2022 on INX, check it out here if you'd like to learn more or possibly invest!
💦 What else is Drippin’
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Everything in this report is for informational and entertainment purposes only. Nothing in this report should be taken as financial advice or as an inducement to purchase or sell any security. Nothing in this market report should be used as legal advice. Always do your own research before making any decisions regarding financial transactions of securities.
Disclosures:
• No money or other consideration is being solicited, and if sent in response, will not be accepted;
• No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is filed and only through the platform of an intermediary (funding portal or broker-dealer); and
• A person’s indication of interest includes no obligation or commitment of any kind.