Interesting reviews on ICOBench:
https://icobench.com/ico/elements-estates

Very interesting commercial idea. I can see deployment here and the team looks serious and with the right competencies to actually carry this through. Will follow this closely.

Interesting project on real estate. However, utilising ELES tokens to buy real estates might be tough simply because of the volatility of cryptocurrencies and especially alt coins. Seen a lot of projects that tried doing this but none have succeeded so far. However, would love to see how this team take it to the next level.

The project is targeting a niche, distressed assets. They have a team with experience in the real estate industry but I do note that the blockchain development side looks to be an external party rather than in-house developers.

The IRR is attractive but no financial projections are detailed in the paper.

I like the introduction of voting and the lock down of 50% of tokens - though I am interested in what hedging strategies are in place for these locked funds? potentially this could be significant value and any change in market conditions will have a detrimental effect.

I think the project has alot of potential. Really the key for success is seeking adoption early to fund the commencement of the portfolio.