Evarei Secures Rights to Acquire Its First US$20 Million Real Estate Portfolio in DubaiEvarei Management LLC (“Evarei”) today announced it has secured the rights to acquire its first US$ 20 Million real estate portfolio in Dubai.
The portfolio comprises complete buildings totalling almost 700 apartments across two new up-and-coming master communities in Dubai involving exclusively asset-managed units. These fully leased, high-quality residential serviced apartment buildings involve a range of leased, asset-managed and owned spaces. Evareium intends to take a 100 percent interest in the operator of these assets through a leveraged buy-out of the asset owner’s holding company during the second quarter of2018.
Evareium is a new international investment fund initiative launched in conjunction with lead adviser — Evarei Management LLC of the UAE. A blockchain and smart contract solution for the digitalized real estate investment generation, Evareium allows instant online digitalized investment into managed real estate assets through a ‘tokenized’ fund, which aims to create liquidity by registering on multiple digital exchanges over the course of 2018.
https://blog.evareium.io/evarei-secures-rights-to-acquire-its-first-us-20-million-real-estate-portfolio-in-dubai-c4247fa55554
