Reental closes the cycle of its first tokenized properties in Gandía with returns of 30%

• In addition to both transactions, there is an investment in three new properties in Malaga and Jacksonville for a total amount exceeding 740,400 euros

Gandía, October 10, 2023.- Reental has successfully closed the investment cycle of its first two tokenized properties in Gandía (Valencia) and returns the capital lent to its investors, who have a total return in two years of 32.44% for Gandía 1, and 29.56% for Gandía 2.

La Fintech of Spanish origin, acquired both properties in 2021, through 24-month participatory loans, financed by the issuance of tokens of 100 euros each. For Gandía 1, 546 tokens were issued, and for Gandía 2, 575 tokens.

Throughout these two years, Reental has been operating both properties on a rental basis, offering those who acquired their tokens a monthly return of 10% for Gandía 1, and 9.44% for Gandía 2.

“At Reental we always seek to maximize the profit of our investors and we are very pleased to have been able to successfully close the life cycle of these projects in Gandía with a better performance than expected,” he explains Eric Sánchez, co-founder and CEO of the company.

The fact is that the total return generated by Gandía 1 is 5 points higher than that estimated at the beginning of the investment (27.44%), and in the case of Gandía 2 the initial estimate (27.22%) has been exceeded by more than 2 points, offering capital gains of 13.44% and 14.16%, respectively.

So far, Reental has closed the cycle of five tokenized assets, returning capital to investors with a higher return than expected. In March, it sold Sevilla 1, the first tokenized property in Spain, with a total return of 30% in two years. A month earlier, in February, La Marina Building, in Valencia, the largest tokenized project in Europe, closed early, achieving an annualized capital gain of 50% for its investors. And in November 2022, it also returned the capital of investors in Malaga 1 early with a capital gain of 7.7%.

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NEW ACQUISITIONS

On the other hand, in recent weeks the Startup has purchased three new properties: two in Spain and one in the United States, for a total amount of more than 740,400 euros.

The U.S. asset is located in Jacksonville (Florida), where the firm already has three other properties. This is a single-family house of 130 m²², in which 126,400 dollars have been invested, financed by the issuance of 1,264 tokens of 100 dollars each.

As usual, the company will use it for rent, with an estimated monthly return of 9% for this concept. Once the investment period of 4 years is over, the company expects to be able to offer its investors a total return of more than 10%. In the following table you can see the numbers in more detail:

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In Spain, Reental has purchased two homes in Malaga for a total amount of 358,500 euros.

Málaga 3, located in Plaza Nuestra Señora del Carmen, will be used for room rental. 247,800 euros have been invested in it, through a 72-month participatory loan, after which the return of the principal and the payment of interest are contemplated at an annual rate of 9.64% accrued monthly, plus a capital gain from the sale, with which a total interest is estimated to be around 60.37% in that period, equivalent to a total annual return of 10.06%.

As for Málaga 4, it is a ground floor located on Pablo Neruda street, which will be renovated to be used for residential rent. The transaction involves an investment of 110,800 euros, financed through another participatory loan, this time for 48 months. After that period has elapsed, the principal will be returned with the sale of the property. The company estimates that, in four years, this investment will bring a total return of 41.54%, representing 10.39% per year.

In the following table you can see the numbers in more detail:

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“We are very satisfied because, despite rising interest rates and market uncertainty, Reental continues to grow at a very good pace in financing; we continue to see significant investment interest in the real estate market, which still maintains its status as a safe haven in times of instability,” he says Carla Castelló, director of operations of the company.

Currently, Reental has more than 40 tokenized properties, 8 of them outside the Spanish borders (in Mexico and the United States) and a capital raised that exceeds 9 million euros.

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