CREST – a new initiative focused on Commercial Real Estate investing powered by Security Tokens – will host a live, multi-city webinar on January 16 2019, that will serve as a case study of the tokenization of the St. Regis Aspen Resort. CREST is supported by the Security Token Academy and will explore how commercial real estate (CRE) investing could be redefined via security tokens and security tokenization.
The real estate industry has been impacted by many significant disruptions in recent years, including co-working spaces and PropTech (property technology). Now, a new disruptive force in the area of CRE investing may be on the horizon. This new approach involves the use of security tokens to tokenize equity or debt of CRE in a way that is regulated by the Securities & Exchange Commission (SEC) in the United States.
In August of 2018, the St. Regis Aspen Resort — a luxury property valued at $224 million located in Aspen, Colorado — became one of the first commercial real estate assets to be tokenized. The company was able to raise $18 million through a security token offering using Rule 506(c) of Regulation D.
One of the CRE megatrends for 2019 could involve security tokenization in the commercial real estate investing area, said Aubrey Chernick, founder of the CREST initiative and the Security Token Academy.
Participants of the live-streamed event include Stephane De Baets, founder and president of Elevated Returns — the majority owner of the property; and Jeffrey Davis, Senior Managing Director of Jones Lang LaSalles Hotels & Hospitality Group. The webinar will also include a guided tour of the St. Regis Aspen by the hotels General Manager. Other participants will include guests from Los Angeles and London.
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In addition to analyzing the St. Regis security token offering, the webinar will explore ways for investors to participate in similar offerings.
Sign up now to watch the webinar happening on January 16, 2019 — and for other coverage of how Security Tokens may disrupt real estate investing and finance at http://crest.io.
As the leading organization focused on the emerging security token industry, the Security Token Academy offers valuable industry insights through educational online videos, world-class events bringing together influential experts and leaders in the space and online video coverage featuring interviews, discussions and news impacting the industry. The Security Token Academy is supported by Merrill Lynch PBIG (a division of Bank of America), Clifford Chance, a leading global law firm and leading security token technology and infrastructure companies.
About the Security Token Academy
The Security Token Academy is a new online resource exploring the forthcoming security token industry and the impact of global assets on the financial industry. The Security Token Academy will offer an expert series of live online video, panel discussions, interviews and in-person events to explore the evolution of the security token industry. The Security Token Academy enabled investors to understand the new and evolving security token and crypto-based investment industries, along with the associated opportunities and pitfalls.