Posted: September 21, 2018
A New Wave of CRE Disruption Will Be Real Estate Investing Powered by Security Tokens.
Waves of Disruption Are Impacting the Commercial Real Estate Industry
Disruption in the CRE industry has become an increasingly important topic. In fact, PricewaterhouseCoopers (PwC) has been covering real estate in Canada/U.S., Europe, and Asia for the last 40 years* through their exhaustive research and reports. In their most recent global summary report, Emerging Trends in Real Estate® The global outlook for 2018, they rang the bell about disruption:
“Those [real estate] companies unwilling or unable to embrace change risk being left behind permanently.”
Disruption caused by co-working space vendors (WeWork and others), and PropTech companies that strive to improve operating efficiencies are some of the forces of change that are being discussed in the Commercial Real Estate (CRE) landscape.
CRE Investing – The Next Wave of Disruption?
In late 2018 / early 2019 we may be witnessing the emergence of a new disruptive force related to CRE investing. Alternative financing mechanisms have included equity crowdfunding and peer to peer lending – but now there is a new effort underway to leverage “Security Tokens” for both debt and equity financing of real estate. Security tokens are digital investment mechanisms that are regulated, for example, by the Securities & Exchange Commission (SEC) in the United States. Proponents say security tokens hold the promise of improving liquidity for traditionally illiquid assets such as real estate – potentially via cross-border trading and investing on a global basis.
Our mission: Covering the new wave of CRE investing powered by security tokens
CREST is about covering and facilitating CRE investing that will be powered by security tokens. Participants in this industry will include traditional companies such as developers, operators, owners, brokers, lenders and investors -- as well as new companies such as security token companies for primary issuance and secondary trading. We will be covering the activity in this industry through:
- Insightful case studies
- Video-based expert interviews and panel discussions
- Events, such as conferences and networking events
Our background in covering the general, cross-industry security token movement has been through the Security Token Academy. The Academy has already become the leading organization in covering the industry through expert insight in its educational online videos, and at its in-person conferences in New York City (June and October 2018). Our multi-million dollar, state-of-the-art video studio in Los Angeles, Calif., has enabled the creation of multi-city, live and on-demand online video coverage of the security token industry – including security token expert interviews and panel discussions.
Supported by corporate members such as Merrill Lynch PBIG (a division of Bank of America), Clifford Chance and the leading security token technology and infrastructure companies, the Security Token Academy is now extending its coverage into Commercial Real Estate (CRE).
Join us to keep updated on case studies of CRE tokenization, and the latest information on CRE investing powered by security tokens.
*40 years of PwC Reporting on Canada/U.S. Real Estate.
Experts Include
Jeffrey Davis
Senior Managing Director of JLL’s Hotels & Hospitality Group
Stephane de Baets
Founder and President of Elevated Returns
Rick Kirkbride
Partner in the Real Estate Practice of Paul Hastings
Henry Elder
Co-Founder of Digital Asset Advisors
Jay Bernstein
Partner, and Chairman of the Clifford Chance's US Corporate Finance Group
Jason Myers
Partner, Clifford Chance
Jonathan Weibrecht
Director of Real Estate Capital Markets at Harbor
Brad Griewe
Co-founder and Managing Partner at Fifth Wall
Video
PREVIEW
CRE Case Study:
The Tokenization of
the St. Regis Aspen Resort
Enjoy this preview of our FREE LIVE, MULTI-CITY WEBINAR from January 16, 2019, as we explored a new type of disruption emerging in commercial real estate financing via security tokens. We specifically covered the hospitality and hotel segment of commercial real estate, the tokenization process and more information relevant to both the finance and investor point of view.
Valued at $224 million, the St. Regis Aspen is a trophy property and a luxury destination located in Aspen, Colorado. An equity raise of the property in August 2018 brought in $94 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.
Guests included Stephane De Baets – founder and president of Elevated Returns, the owner of the St. Regis Aspen, Jeffrey Davis - Senior Managing Director of JLL’s Hotels & Hospitality Group, Rick Kirkbride - partner in the Real Estate practice of Paul Hastings, Jay Bernstein - Partner at Clifford Chance, and Henry Elder - Founder of Digital Assets Advisors.
Full Webinar
CRE Case Study
The Tokenization of the St. Regis Aspen Resort
Delve into the On Demand replay of our FREE LIVE, MULTI-CITY WEBINAR from January 16, 2019 in which we explored a new type of disruption emerging in commercial real estate financing via security tokens. We specifically covered the hospitality and hotel segment of commercial real estate, the tokenization process and more information relevant to both the finance and investor point of view.
Valued at $224 million, the St. Regis Aspen is a trophy property and a luxury destination located in Aspen, Colorado. An equity raise of the property in August 2018 brought in $94 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.
Guests included Stephane De Baets – founder and president of Elevated Returns, the owner of the St. Regis Aspen, Jeffrey Davis - Senior Managing Director of JLL’s Hotels & Hospitality Group, Rick Kirkbride - partner in the Real Estate practice of Paul Hastings, Jay Bernstein - Partner at Clifford Chance, and Henry Elder - Founder of Digital Assets Advisors.
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