Australia-based Contracoin has set up shop in Los Angeles, offering U.S. investors access to properties internationally using an ERC-20 compatible Contracoin token – CTCN. Contracoin is backed by Contracard, their parent company and by the strength of the virtual barter network.
Contracoin is currently offering a new real estate investment opportunity in the central region of Singapore that will serve as Tesla’s signature showroom for the Southeast Asian market. The investment is projected to generate an 8.1% average cash-on-cash yield and a 9.1% projected levered IRR through Firmus Property Fund 2, a regulated venture capital fund.
Tesla is the sole tenant and brings a strong cash reserve. Tesla’s long-term occupation of the building is also expected to produce stable and long-dated rents, which are highly sought after by institutional investors, especially insurance companies and pension funds. Access to such cashflows allows them to meet their liability-matching requirements.
For more information about investment opportunities, contact Contracoin’s CEO & Founder, Barry Lipscombe.
