ICO liveRES01
The Lumpini Residence
Bangkok, Thailand · Serviced residential tower · held by Lumpini Residence SPV 01 Ltd.
Target net yield
7.1%
ICO target
$4.00M
- Property value
- $10,000,000
- Token supply
- 5,000,000
- Token price
- $1.00
- Minimum
- $100
- Occupancy
- 94%
- Units
- 186 apartments
- Built
- 2019
- Term
- 5 years
- Property manager
- Lumpini Property Services
- Floor area
- 21,400 m²
- Paid in
- USDT · monthly
A 30-storey serviced apartment tower two blocks from Lumpini Park, let on 6–12 month leases to corporate tenants. The building has run above 90% occupancy for 30 consecutive months. Token holders receive the net rent from the tokenized share every month once the sale closes.
Highlights
- 94% occupied, 71% of leases held by corporate accounts
- Walking distance to MRT Lumphini and Sathorn business district
- Reserve fund of 7.2% of gross rent held in escrow by the trustee
- Rent roll and expenses published monthly before every distribution
What a token gives you
- A contractual share of the building's monthly net rent, paid in USDT.
- Monthly statements, rent roll and expenses before every payout.
- Protection through an independent trustee that holds the SPV shares.
- Not ownership of the land or building, and no voting on daily management.