Metrospaces Inc (MSPC)

[Viewmont]

Nice! “Our plan is to have at least 15-20 rooms incorporated into our platform by September 15th launch date, and aim at having at least 100-120 total rooms by end of 2021. Philadelphia will be our first US city, with Dominican Republic as our first international city. This is a very exciting development because, as developers we can use sale proceeds of a portion of the villas to finance the construction, while keeping the management of the villas for our platform. This will keep our cash investment low, while retaining the most profitable, long-term part of the project’s revenue. It’s also exciting as we build real estate inventory to incorporate into our up-and-coming tokenization platform that should go live by beginning of 4th quarter. We think the tokenization space will be won by those that offer the most compelling real estate assets, and the co-living platform will provide future token buyers an opportunity for outsized returns with small amounts of investments, as opposed to having to acquire an entire villa, for example,” Mr. Brito said.