“Why is this fraud allowed to speak at this conference?” – So thundered Vitalik Buterin while pointing at Craig Wright following Buterin’s rebuttal of two points. In regards to the…
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thirdACT opens the floodgates to Small Commercial Real Estate (SCRE) investment with its truly unique non-debt financing. Instead of taking on debt, property owners exchange a portion of their property’s future sale proceeds for the funding of improvements now. No debt, no credit checks and no payments. Owners and tenants keep all benefits (rebates, energy savings, tax incentives.) When confusing payback periods are removed, property owners want upgrades they never would have considered before.
Investors fund improvements for the contractual right to a portion of the property’s future sale proceeds. Investors fund not one, but many. thirdACT aggregates investment contracts into a portfolio fund for optimal performance, then fractionalizes the fund into tokens to allow for multiple investor participation. Investors benefit from diversification and multiple sale cycles and appreciation without the burden of property ownership (taxes, insurance, management costs, etc)…
Blockchain enables the replacement of labor-intensive practices with digital ledgers and smart contracts that automate transactions, eliminating traditional performance and management fees. In time, thirdACT intends to develop a solution for token liquidity that complies with applicable legal and regulatory requirements. We believe that once the marketplace is operational, it has the potential to meet the diverse needs of institutional investors at a significantly lower cost than traditional over-the-counter assets.
