VC-Backed PropTech Companies Have Raised $11 Billion In 2021, A 22% Jump, As Institutional Funds Pour Into The Real Estate Industry; Metrospaces (OTC PINK: MSPC) Emerges As A PropTech Industry Leader With Its Co-Living And Tokenization/Cryptocurrency Platforms
PropTech is soaring in growth due to an estimated $11 billion pouring into the industry from Venture Capital investors in YTD 2021, a 22% jump in inflow into the real estate industry, according to Crunchbase research statistics. A number of factors are driving this increase — from low interest rates to government spending. But the biggest driver of all is institutional investor funding from investors like Blackstone, says Connected Real Estate Magazine. Blackstone has spent some $370 billion to back real estate property, Crunchbase reports. Metrospaces (OTC PINK: MSPC) has emerged as a PropTech leader through its co-living and tokenization/cryptocurrency blockchain powered platform.
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VC-Backed PropTech Companies Have Raised $11 Billion In 2021, A 22% Jump, As Institutional Funds Pour Into The Real Estate Industry; Metrospaces (OTC PINK: MSPC) Emerges As A PropTech Industry Leader With Its Co-Living And Tokenization/Cryptocurrency Platforms
PropTech is an emerging disruptor to the traditional real estate industry. It offers advantages to large institutional investors of growing or entering markets with higher prices (such as San Francisco, Los Angeles or New York City), applying the newest tech to acquired properties, buying desired properties and upscaling them into luxury residences and reimagining residential and commercial properties. This is a formula for profit. Add cryptocurrency into it and institutional investors like the transparency and safety of asset tracking and tokenization to store assets acquired.
“This once unsexy , overlooked space has become the darling of investors in record time,” wrote Kevin Lynch, Maschmeyer Group Ventures investor, for Crunchbase News. VC-Backed PropTech Companies Have Raised $11 Billion In 2021, A 22% Jump, As Institutional Funds Pour Into The Real Estate Industry; Metrospaces (OTC PINK: MSPC) Emerges As A PropTech Industry Leader With Its Co-Living And Tokenization/Cryptocurrency Platforms.
Strong valuations for startups such as Opendoor, Cover and Compass drive successful funding rounds. PropTech has attracted the attention of Blackstone, the largest private commercial real estate investor in the world, as of last year. In total, Blackstone has backed more than $370 billion worth of property.
Using high tech-added valuation to commercial properties and reimagining co-living residential properties are also factors that are making PropTech so important as a new trending concept in the real estate space.
One important new PropTech upstart is Metrospaces (OTC PINK: MSPC). In both commercial real estate and co-living residences, MSPC has shown the ability to attract investors, rehab existing space and engage in new projects internationally that create new valuations for investors willing to invest.
It offers two platforms powered by blockchain and proprietary to MSPC. They are designed by tech-partner and now significant minority equity owner Shokworks. The platforms are custom designed by Shokworks for MSPC:
- Metrohouse Co-Living Platform: The firm is looking for JV partnerships with owners of multi-family residential buildings to bring inventory onto the new platform. The launch date of this platform has been moved back to October 30 to allow time for a planned robust launch and to allow time for MSPC to consider opportunities in joint venture partnerships with global high end owners/developers.
2) Metrocrowd-Tokenization Platform: MSPC can be either a principal or
allow third-party real estate owners or developers. Targeting October 30 through mid-December for the launch and final version actives, MSPC will offer the service to world class real estate owners and developers as a third-party service. MSPC can also be a principal-to-assets that can later be tokenized on the platform.The company seeks to offer the most profitable and unique real estate assets to the platform.
As an example of how MSPC can offer higher valuations in co-living luxury residential space space in PropTech, MSPC has started work on a new project — Infinity View Villas for co-living in Dominican Republic. It plans other projects. The ‘Infinity View Villas’ three-phase project underway in the Domician Republic targets clients such as stay-cationers and ‘tech-nomads,’ who work remotely at a professional position in luxury circumstances.
Blockchain driven, and using IoT and AI, MSPC is disrupting global real estate with owners and other potential joint venture partners interested in holding assets in tokens. PropTech brings transparency to transactions and applies a new global world to traditional real estate and co-living tenants.
On the commercial real estate front, MSPC has acquired a commercial office building in Houston, Texas and is rehabbing the property with high tech advances — such as a state-of-the-art glass exterior. The $3.85 million office building is being rehabbed and transformation into a cutting edge hi tech facility — improving its valuation and raising return to investors.
Where traditional real estate investors shun change, Metrospaces (OTC PINK: MSPC) embraces it. It offers new and lucrative strategies for global players in the luxury real estate market and is flexible in how the newest blockchain-driven technology can bring real estate into the 21st century.
Oscar Brito, CEO of MSPC, and tech and equity partner Shokworks have teamed to create a footprint in PropTech in multi-family new residences in the trending co-living space and in upscale commercial buildings. It can transform the ordinary into high tech and luxury. It is attracting potential joint venture partners and global real estate investment companies who wish to participate with MSPC in PropTech development.
Brito of Metrospaces said, “As an innovator in the burgeoning prop tech community, Metrospaces is positioned to utilize the latest technology to propel the company into the forefront.” All of this strategy is transforming Metrospaces into a leading PropTech innovator.
Owners can hold assets through tokenization. MSPC prefers the use of the Cryptobucks processing app across all platforms. Crypto bucks was co-created by Shokworks. Investors are encouraged to use it while tenants can also use Cryptobucks to pay all co-living expenses to MSPC or management firms. Cryptobucks is now the preferred cryptocurrency processing app of MSPC.
Alejandro Laplana, CEO of Shokworks and CTO/Director/Equity Owner of MSPC, explained, “Cryptobucks is an ideal partner with whom we can differentiate Metrospaces as a source of alternative payment options in the real estate market. This integration will help to facilitate larger, more efficient transactions.”
Metrospaces, Inc. (OTC: MSPC) is using the Shokworks designed proprietary technology platform, IT transformation and custom software, to disrupt and transform the traditional real estate industry. Shokwoks has long been a leader in the use of cryptocurrency payments. VC-Backed PropTech Companies Have Raised $11 Billion In 2021, A 22% Jump, As Institutional Funds Pour Into The Real Estate Industry; Metrospaces (OTC PINK: MSPC) Emerges As A PropTech Industry Leader With Its Co-Living And Tokenization/Cryptocurrency Platforms.
Both have in common MSPC’s embrace of PropTech reality today in global real estate. It has also tapped into the newest trends of co-living in residential living, from tech ‘nomads’ working remotely internationally — such as in the Dominican Republic — or business tenants in the U.S. enjoying higher value market value space.
MSPC brings value to PropTech buildings with a special vision for residential living or working environments. Co-living members can now co-live in safe, hi tech premises in desired urban locations within a community of professionals.
VC-Backed PropTech Companies Have Raised $11 Billion In 2021, A 22% Jump, As Institutional Funds Pour Into The Real Estate Industry; Metrospaces (OTC PINK: MSPC) Emerges As A PropTech Industry Leader With Its Co-Living And Tokenization/Cryptocurrency Platforms.
Learn more about MSPC at metrospaces.com, http://metrospaces.com/
Source: Stock Market Press
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