La Estancia Holdings is offering the first Real Estate-backed Digital Securities in the Caribbean via a Security Token Offering (STO). The LAEST security token provides each qualified purchaser with the opportunity to invest in income producing real estate assets located in The Dominican Republic.

Offering Highlights 

The firm’s first Digital Securities Offering (DSO), launched in July 2019, was of a US$10.7 million equity portfolio of 22 villas, townhouses, and cottages at the La Estancia Golf Resort in La Romana, the Dominican Republic. The second DSO, planned for Q4 2019, will feature an equity portfolio of 123 residential units at the La Estancia Golf resort, worth more than US$20 million.

Also Read: Dubai Based Firm Launches New Product ‘DGTO’ to Tokenize Real World Assets

The third DSO, expected to launch early 2020, will be a new 240 room hotel development to be operated by a major international hotel chain and represents an equity and debt hybrid real estate investment with industry-leading yield potential.

The Dominican Republic’s position as the leading economy in the Caribbean, attractive tax benefits and consistent influx of tourism result in an unprecedented amount of foreign investments, making it the top country for international investors seeking reliable returns and secondary residency opportunities.

La Estancia

Notable Points

  1. The firm offers qualified investors the opportunity to own large or small fractional stakes in real estate with attractive low-risk, high-return yields and the option to gain fast, inexpensive citizenship in the Dominican Republic;
  2. Furhter benefits features significant tax breaks and benefits on investment income;
  3. For conservative investors, there is also the option to invest in equity, which can later be converted to tokens without penalty.

Also Read: Inveniam Capital to Host Tokenization of $260 Million Worth Real Estate Deals

Key Comment 

Armando Cignarale, CEO of La Estancia Holdings stated “We have invested over $100 million dollars in the Dominican Republic and have built a strong 12-year relationship with the government in the process. We are accelerating our infrastructure and lodging development in the La Estancia Golf Resort to take advantage of its unique commercial combination of filming locations, luxury accommodation, strong tourism, and proximity to international airports among other facilities.”

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