this is another token backed by real estate.
and really ? this real estate project based in US?
Properties and operations are located in the US. We have a whitelisted participants' page to show additional information of seed properties location. This page include city, current rent roll, appraisal estimates, etc.
The legal structure as advised by legal team is as follows:
- Skye Properties Foundation based in Panama is the legal entity issuing the tokens. Proceeds raised will be used to invest with a US based real estate investment partnership under US Securities Act 1933, Regulation S. Income from real estate investment will be passed back to Skye Properties Foundation for distribution to token owners.