Inveniam To Tokenize $260 Million of Infrastructure and Real Estate Deals in Q1 2019
NEW YORK, Feb. 26, 2019 /PRNewswire/ -- Inveniam Capital Partners, an innovative capital markets firm, is transforming capital markets by undertaking a large, multi-offering placement of real financial instruments in tokenized form to be held in crypto wallets and sold via auction. This deal will be the first of its kind, both in the traditional and cryptocurrency markets. The $260 million of transactions presents to the crypto and fiat investor offerings of four different partnerships: a commercial real estate partnership that is buying a Miami WeWork building, a student housing partnership that is buying 917 beds in three student housing projects, an infrastructure partnership that will invest in a North Dakota water pipeline project, and a multi-family housing partnership developing projects in southwest Florida.
This tokenized transaction offers an instrument that is backed by real assets and enables those owning significant amounts of cryptocurrency to reduce their exposure to crypto volatility while still supporting the ecosystem. The tokenized structuring ensures that the value of the token can be commuted from one party to another and stands in stark contrast to the one-off sales of real estate properties and purchasing of luxury goods that currently dominate the crypto market but offer little support to the ecosystem.
Using the Inveniam.io platform and acting as General Partner (GP), Inveniam Capital Partners will structure these transactions as digital tokens. The tokens will represent interests in the Limited Partnerships (LP) being structured for each of the available deals. These LP tokens are being offered exclusively to Qualified Institutional Buyers and Qualified Purchasers and sold via auction. The price of each offering will be set after taking in all bids.
Investors can transact in either cryptocurrency or fiat currency. The private placements will be conducted in accordance with SEC Rules 144a and 506c. Each token will represent $50,000, with a minimum round lot purchase of $500,000. All standard AML/KYC processes for Qualified Institutional Buyers and Qualified Purchasers will apply to these transactions.
This groundbreaking transaction offers a slate that includes four opportunities, representing $260 million*:
A Commercial Real Estate Partnership Buying a Miami WeWork Building:
- WeWork occupies the entire building under a NNN lease with 12 years remaining
- Seeking $65.5 million for acquisition of the building
- Seller will contribute the asset to a Limited Partnership (LP) in which Inveniam Capital Partners will serve as General Partner (GP) and limited partnership interests will be sold via tokens purchased with cryptocurrency. Proceeds from the sale of tokens will be exchanged over a period of time into US dollars and provided to the seller.
A Student Housing Partnership Buying 917 Beds in Three Student Housing Projects:
- Student housing for North Dakota State University
- Seeking $90 million to recapitalize and complete the development of multi-family real estate assets in Fargo, ND
- Inveniam Capital Partners will serve as General Partner (GP) and limited partnership interests will be sold via tokens purchased with cryptocurrency. Proceeds from the sale of tokens will be exchanged over a period of time into US dollars and provided to the seller.
An Infrastructure Partnership Investing in a North Dakota Water Pipeline Project:
- Water delivery pipeline serving fracking operations in the Bakken shale around Williston, North Dakota
- Seeking $50 million to refinance debt and fund additional capital expenditures
- Inveniam Capital Partners will serve as General Partner (GP) and limited partnership interests will be sold via tokens purchased with cryptocurrency. Proceeds from the sale of tokens will be exchanged over a period of time into US dollars and provided to the seller.
A Multi-Family Housing Partnership Developing Projects in Southwest Florida:
- 500 mixed units (one, two, and three-bedroom) and premium amenities
- Seeking up to $75 million to develop the second phase of the project
- Inveniam Capital Partners and Roers Development LLC will serve as General Partner (GP) and limited partnership interests will be sold via tokens purchased with cryptocurrency. Proceeds from the sale of tokens will be exchanged over a period of time into US dollars and provided to the GP for development of the property.
* Additional projects may be added to the transaction before the auction
Visit https://inveniam.capital for more information about Inveniam, or stay updated via social media:
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About Inveniam Capital Partners
Inveniam Capital Partners is an innovative debt capital markets firm that aims to transform the structure and operations of middle market corporate finance. By structuring and executing complex financial transactions on a distributed ledger, Inveniam aims to substantially increase accessibility and liquidity in private debt markets. Learn more about Inveniam at www.inveniam.capital.
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