Investor Update | August 2022
Hi XXX,
Thank you for joining us for our August Investor Update. As you all know we have been working on a number of different projects, and it has been awesome to watch them take shape. This month we are very excited as we are planning to fully launch MetroHouse, our co-living platform. Many of you helped perfect this platform through our beta testing program, and for that reason, we are thrilled to show you how we have implemented your feedback.
In other news, we are continuing to develop the Abode platform and the timing for a product like this couldn’t be better. As we see interest rates and inflation on the rise, investors are steering away from speculatory assets and looking to go back to cash, fixed income, profitable businesses and/or stablecoin alternatives. Commercial real estate serves as the perfect hedge against inflation as it is a traditionally highly stable industry that can facilitate passive income. With our Abode platform, all types of investors will be able to participate in this cash-flowing investment through fractional ownership NFTs. Each NFT is backed by an income-generating real estate property asset. NFT holders will have access to associated events and experiences, as well as the percentage of the yield their ownership generates and the associated capital appreciation of the property.
Thank you again for being part of our community of investors and early adopters. We hope you find these monthly updates valuable and are just as excited as we are for these coming launches.
As always, thank you for your confidence.
- Metrospaces
MetroHouse will be launching in the last week of September. We will be sending a link to the product in our September newsletter after it goes live. MetroHouse will go live with 4 out of the 22 Indianapolis homes, and we will continue to onboard properties in the following weeks. We intend to have 20-30 new properties by the end of the fourth quarter.
With home prices soaring and homeownership declining, the percentage of households renting in the United States is the highest it has been in the last 50 years. This, coupled with the shift to mostly remote work has many Millennials and Gen Z-ers looking to move out of crowded and expensive primary cities to affordable secondary cities that boast a higher quality of life. MetroHouse’s primary focus is the tenant experience and providing an unparalleled turn-key service for a single low monthly fee. The service includes modern furnished units with private rooms, shared spaces for tenant socialization, and an exceptional user experience. Our mission is to be the biggest and premier co-living platform focused on single-family homes in the Midwest, particularly offered to institutional holders of these assets. As far as projections go, we are anticipating a $12 million run rate by the end of the year with an operating margin of 17%.
Preview Property
In the coming weeks, we will be making an official announcement to introduce our exotic property NFT project, Abode. As a member of our exclusive community of investors and early adopters, we wanted to share the news with you first. We will be dropping our first NFT collection on November 19th. We plan to offer special perks to all the founding Abode community members who purchase an NFT from our first collection. As we mentioned Abode is an income-generating, utility-focused, exotic property NFT. Holders of Abode NFTs will be able to claim the percentage of income their ownership generates. At this time, we would like to invite you to follow us on Twitter, Instagram, Youtube, and Discord. You can sign up for our Abode email list and continue to countdown with us on our website.
In the coming weeks, we will be making an official announcement to introduce our exotic property NFT project, Abode. As a member of our exclusive community of investors and early adopters, we wanted to share the news with you first. We will be dropping our first NFT collection on November 19th. We plan to offer special perks to all the founding Abode community members who purchase an NFT from our first collection. As we mentioned Abode is an income-generating, utility-focused, exotic property NFT. Holders of Abode NFTs will be able to claim the percentage of income their ownership generates. At this time, we would like to invite you to follow us on Twitter, Instagram, Youtube, and Discord. You can sign up for our Abode email list and continue to countdown with us on our website.
Our Q1 and Q2 financials have been uploaded to OTC Markets. These will be included in the Form 10 we will be filing in the coming days. As you know this will allow us to become a fully registered SEC company.
View Financial Report
This month, in our blog post we are covering inflation and how it will affect your portfolio. Join the conversation and let us know what you think on LinkedIn, Twitter, or Instagram. Additionally, here are two more articles our team chose as their “must reads” this month on what is happening in the PropTech industry.
