Aperture Real Estate Ventures, the parent company of Property Coin (PCX), is officially announcing its ICO (Initial Coin Offering) available for purchase pursuant to a pre-sale agreement, via USD, Bitcoin and/or Ethereum.
Founded by Matt Miles, Andrew Jewett, and Rudy Cortes, former investment bankers and property investors, each with 12+ years of experience focused on North American residential real estate markets, are leveraging their vast knowledge and networks to the quickly shifting asset tokenization market.
Property Coin represents an asset-backed crypto investment opportunity providing an alternative to the volatility of Bitcoin and other crypto-currencies. The proceeds from the sale of Property Coin are intended to fuel the growth ofAperture’s existing technology and real estate investment business, which uses a combination of proprietary technologies and human expertise to spot otherwise hidden opportunities to invest in undervalued properties in metropolitan areas throughout the United States.
“Unlike many cryptocurrency offerings, Property Coin’s proposition is straightforward,” saidAndrew Jewett, co-CEO of Aperture. “100% of the net proceeds from sales of Property Coins will be used to invest in properties and loans identified by our proprietary software and our experienced team. Accordingly,Property Coin is designed to be 100% backed by real estate assets, giving each coin holder a fractional economic interest in the investments made by Aperture or its affiliates with the net proceeds realized from the sale of Property Coins.”
Additionally, Aperture intends to re-invest 50% of the profits in new real estate related investments, with the intent of creating a natural price appreciation effect for PCX coin holders.
“Property Coin combines the Aperture team’s collective industry experience with our unique technology platform. As a result of this attractive combination, we’ve developed a beta-tested model for profitable property investment,” says Matt Miles, co-CEO of Aperture.
“We’re very excited to be able to offer this proprietary formula to cryptocurrency investors who want access to a diversified, tech-powered, professionally managed portfolio of real estate assets through Property Coin,” said Miles.
Although Property Coin is focused on the U.S. real estate market, it is available for purchase by investors from around the world, and when future property market conditions are appropriate, Aperture will look to invest in global property markets.
Aperture is a Los Angeles-based real estate technology and investment company focused on
(a) buying residential properties to renovate and resell (“flips”) and
(b) making loans to other property investors (“investor loans”).
Since its launch in 2016, Aperture has systematized the process of acquiring, repairing and re-selling properties and has beta tested its proprietary technology platform and methods by making real world property investments with personal capital of its founders and management team, which has produced over 50% unlevered IRRs to date.
The Aperture team provides experience and expertise gained over an aggregate of decades in the U.S. real estate industry. Throughout their careers, Aperture’s team has closed an estimated $150 billion of real estate financing transactions, flipped nearly 3,000 properties, and originated over $10 billion of mortgage loans, as well as created proprietary technology systems for some of the largest investment banks in the world.
About Property Coin
Property Coin (PCX) is currently listed on ICO Bench, ICO Watchlist, ICO Daily, Token Market, and other major ICO listing sites. Through the initial offering, Aperture seeks to raise $50 Million USD / 4508 BTC / 41903 ETH,, which will be directly used to finance loans, purchase hundreds of homes, revitalize neighborhoods, and bring new affordable housing to local communities across North America.
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This is a press release, which means none is written by us. Trustnodes has not undertaken any verification of any of the above statements and any statement contained therein is not necessarily endorsed by Trustnodes. Readers are strongly advised to do your own research.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, nor shall there be any sale of, these Property Coin securities in any state or jurisdiction in which such offer, solicitation or sale is unlawful. Offers of Property Coins will be made in the United States to “accredited investors” only by means of a private offering memorandum pursuant to an exemption from registration set forth in Rule 506(c) of Regulation D promulgated under the Securities Act of 1933, as amended (Securities Act), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. This press release is not an offer to purchase or a solicitation of an offer to sell any Property Coins.
Except for the historical information contained herein, the matters discussed are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements involve risks and uncertainties, such as statements regarding market developments, new products and growth strategies, our ability to provide an alternative to the volatility of Bitcoin and other crypto-currencies, the ability of proceeds from the sale of Property Coin to fuel the growth of Aperture’s existing technology and real estate investment business, the ability to realize a profit from real estate investments made with the net proceeds from the sale of Property Coin, the ability to create a natural price appreciation effect for coin holders, the ability to produce an level of unlevered IRR to Property Coin investors, our ability to protect our technology, the ability to provide access to a diversified, tech-powered, professionally managed portfolio of real estate assets, the ability to use our business model for profitable real estate investments, and our ability to finance loans, purchase hundreds of homes, revitalize neighborhoods, and bring new affordable housing to local communities across North America, as well as those risks and uncertainties set forth in the white paper and private offering memorandum for Property Coins. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made herein.