Great Dogecoin News for people who love it! In a first for the CRE crowdfunding industry, RedSwan CRE announced last week that two digital asset deals on its tokenized real estate Marketplace will accept Dogecoin as payment in addition to regular USD fiat and stable coins pegged to the USD.
The two live deals that will accept Dogecoin are the Lakehouse Oakland and Apollo Apartments project. Lakehouse is a fully entitled upscale 270-unit multi-family tower development under construction right on the banks of Lake Merritt and within walking distance to Downtown Oakland. Apollo Apartments is also a new development in Edmonds, a suburb of Seattle. Apollo is a 251 unit, EPA Energy Start and NGBS Green certified building and designed to meet new work from home demands. The combined equity raise for these two deals through the RedSwan CRE platform is $36 million, $20 million for Lakehouse and $16 million for Apollo. New investors who come in will be invested alongside established, blue-chip institutional investors who have already committed capital to these properties.
RedSwan recognizes that cryptocurrency payment is becoming the favored way to transact in the digital economy and we are putting our support behind the ecosystem. Moreover, crypto volatility has come down substantially as corporate buyers are increasingly adopting cryptos as a core treasury holding and mainstream financial services companies roll out crypto trading applications for their customers. This has made crypto acceptance a viable option. We have chosen Doge as it is one of the fastest-growing coins in the space with strong name recognition and popularity. It is on the cusp of transitioning from a “meme coin” to legitimate institutional and transactional use cases. With this initiative, RedSwan CRE is doing its part to accelerate that evolution.
Investors interested in Lakehouse and Apollo can express interest and obtain more information on these properties on www.redswan.io. Closing of these deals will occur once legitimate expressions for all $36 million of the tokens are reached.
Investment is open to US investors who are considered Accredited under Regulation D and International investors under Regulation S. For US Regulation D investors, the tokens will have a one (1) year holding period requirement from date of issuance; for International Regulation S investors, the tokens will have a two (2) month holding period requirement.