Who Real estate app enables retail investors to buy into property with smaller investments

Back if you want to own real estate nice is letting you invest in a piece of a property for as little as a hundred dollars nice is a property at temple university in  you first had a public offering for a building at this location back in 2020  you're building on this now explain how this works all right so the way that it works was that we took it through uh something called the rec c regulation cf which allows people that are so-called non-accredited investors to come in and own a piece of a property that was typically reserved for so-called accredited investors who are worth a million dollars or more what our mission to help people who aren't necessarily part of the one percent but part of the 99 to come in and own a piece for as little as 100 we did that people came in at a million dollar evaluation three months later it appraised at 2 million then we have more land around the property it's a small tech neighborhood if you will inside campus we call it  square similar to  and people can now actually we're closing it up buying in the second part phase two of phase three and then here in q1 in terms of the  we will consolidate the whole project into one stock and then the plan is to list it on uh  markets which is  powered real estate trading platform where people will be able to get a piece of this development for a hundred dollars trade in and out freely and yeah that's that's that's what it is that they'll be able to do that they'll have it in their app like and so on and so forth so that's what it is  genius uh because you bring liquidity to a class of investors who won have been priced out because they're not accredited the liquidity is a big part of it how much do make if  go in at 100 bucks though mean this is fractional so mean double pennies right the rate of return is the same whether it's me whether it's somebody to put in 100 000 or somebody to put a hundred dollars so year to date ourself and our co-investors are up 105.5 percent 2x now granite is a higher inflation environment and equities have done well in that environment as they typically do so that's not necessarily a normal case but uh to answer your question if you get a 2x return on a hundred dollars you have 200 however if you have a hundred thousand dollars then it becomes two hundred thousand dollars numerical value changes dramatically the rate of return is the same for everybody but the idea is not necessarily for that hundred dollars to turn into a million dollars to get people started just like retail investors that get into the stock market that haven't done it before via or a number of the other apps that are out there so that's what we aim to do give people to access to alternative asset classes just like real estate and deliver the same sense right and do you have a sense of who your investors are because we saw in the past  and a half there has been this explosion in fractional share ownership in  retail investor so who are your investors well it's really interesting there's a high number it's north of 80 that are people of color which is it dramatically out does anybody else is really on the market and think it's because we've been able to uh communicate with a particular market of particularly people of color and minorities there's this statistic that says by 2053  specifically would drop to zero the median black wealth and there's this rising wealth gap the number one driver behind that is absence of real estate ownership we really wanted to make it accessible to people who haven't had it get them familiar with the asset class and hopefully go out yes of course learn how to build a diversified portfolio within what you have but also go out and buy property for yourself because this is where the bulk of wealth is built  it's almost like a gateway drug to investing by using our properties in uh in that sense  hope that answers your question you did and won't keep saying genius but got to ask you because uh on one hand alternative wealth you know you invest and or alternative investments you're locking it up but with this you have the option of liquidity because you can trade your investment uh but is there also the way like a real estate investment trust would work are these buildings are they rental uh income kickoff and does the holder of the um the equity within the investment get a fraction of the ll call it the dividend the payments yes uh the short answer is yes now we have different type of properties with different type of investment uh appetites this one in particular was a development project which means it doesn't cash flow until it's stabilized which means once it's fully rented out then it'll cash flow the plan with the stock once it's trading is to have it be a dividend stock similar to how a  would be  it was actually a really great question yes that's what that's how we wanted to be that was that's phase one that we had that stabilized in the opposite corner is uh where people could get in also at the pre at the development construction price point if you will and then  stabilized and once it's trading they'll get in there to be able to trade in and out um while collecting dividends according to their fractional ownership share of the property then they'll get the um you know equivalent their portion of the rent roll right so that's how it will work do you have plans to expand these kinds the country and this is something that we really want to do with these particular type of projects now with the development project the risk happens on the front end meaning if you buy a piece of land that's when it's the riskiest because you have to get approvals you have to get financing make sure it gets filled and then leased out once it's coasted to completion a lot of the risk has been removed so that's what we like to do put up our own money first bring it close to completion or even completion then we'll let people buy in there's not that long of a time period before they can get into uh liquidation or collecting dividends if that's what they want to do to your question we have properties down in south  that we're exploring that we're actually we're actually developing in south  right now as we speak in  and uh other areas like that  don't want to say too much but yes we absolutely have plans to do that  just have to be careful what say because it's not something we filed for yet but absolutely that is a plan for the  future projects just so people have an exit option can have a great uh experience with this because a lot of them are first-timers so for instance this project has over 5000 people of color who are first-time investors in this particular in this particular assets we want to make sure that there's a straight pathway to uh to getting your returns cashing in and out and having that good experience  you hopefully continue not just with us but to build you build your portfolio because that's really  cornerstone of having um a building wealth for yourself you just want to be the gateway drug for people to get the wealth management and wealth building uh tactics that the one percent has we're bringing it to the 99 so uh that's how we want to do it all right we were looking forward to more updates out from nice .