Own a piece of a professionally managed real estate portfolio on the blockchain

  • Backed by U.S real estate assets
  • 100% of profits are reinvested in new properties creating natural price appreciation
  • Liquidity reserves and redemption ability
  • Partnered with tZERO for trading
  • "Fix and Flip" property investments now available to crypto investors
  • Security token pursuant to Reg D in the U.S. and Reg S elsewhere
property coin

Why Property Coin?

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Platform, team and tech already exist and are generating over 50% unlevered IRRs to date. Our, first properties have already purchased

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80% of tokens available for sale

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Created in conjunction with the largest and one of the most respected structured finance law firms in the world, Dentons

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Redeem your tokens after the first year for fiat or crypto

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A stable, asset backed token

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Available for purchase worldwide, including accredited investors in the US. Offered pursuant to Reg D in the US and Reg S elsewhere

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100% of profits from flips and loans are reinvested to help create a natural price appreciation

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Open platform for fix and flip realtors through Property Coin loans

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Merging traditional securitization technology into the coin format

How does it work?

1
Investors buy PCX coins
2
Property Coin takes those proceeds and using Aperture’s platform, identifies and invests in distressed properties and investor loans
3
Rehab is performed and the house is transformed
4
The house is sold at a higher price than what it was purchased for, generating profit. Regular income is received from investor loans
5
Initial capital and 100% of the profits from the fix and flip investments are used to purchase more properties and loans and the cycle continues.
6
PCX holders are able to sell their PCX tokens on exchanges, or redeem for fiat

Potential value of real estate assets owned by PCX holders based on initial $100 net investment

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Before & After

Here are some of the properties we have already flipped

Calle Edmundo - California

Purchase price: $240,200
Rehab and other expenses: $53,087
Sale price: $348,000
Days held: 152
Unlevered IRR: 62.58%
Profit: $54,713

Lamdin - California

Purchase price: $240,000
Rehab and other expenses: $61,458
Sale price: $346,850
Days held: 148
Unlevered IRR: 52.44%
Profit: $45,392

Canyon Lake - California

Purchase price: $135,000
Rehab and other expenses: $27,051
Sale price: $180,000
Days held: 99
Unlevered IRR: 57.72%
Profit: $17,949

Security tokens are the future of crypto

According to Jay Clayton from the SEC, “every ICO I’ve seen is a security.” This raises the question then, what does this mean for the future of ICOs?

Regulations are being brought into place by the SEC to help control the security token market. Because of this, security tokens offer a potentially safer alternative to traditional crypto investments and utility tokens, which are currently unregulated. The stability and security that is offered by asset-backed security tokens gives investors a token that has substance and backing by a real world asset.

Most tokens should in fact be classified as a security, rather than a utility, meaning we’ll likely see more and ore tokens changing throughout the year in order to avoid costly legal implications.

Because of this, we expect to see security tokens making it big in 2018 as they are a more viable investment for crypto investors. Take a look at our comparison table below and see for yourself and find out why the Property Coin STO is different than most traditional utility token ICOs.

PROPERTY COIN SECURITY TOKEN

UTILITY TOKEN

Asset backed
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cross
Recognised and regulated
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cross
Primary purpose
Investment vehicle
Utility application
Use of proceeds
95% to purchase assets
Typically used for product/service development
Redemption
Redeem tokens for fiat or crypto
Redeem tokens for utility
Product/use case
Systems/methods/tech use case already proven
Usually in development phase
Platforms profits shared with token holders
100% profits reinvested for benefit of PCX holders
Typically 0%

Token sale details

ICO start date 1st May 2018 12:00am GMT+1
ICO end date 31st July 2018 11:59am GMT+1
Total tokens in STO 16,800,000
Token sale price $3.00
Min. purchase $100 for international
investors / $1000 for US
Token name Property Coin
Hard cap $50.4M
Total token supply 21,000,000
Blockchain used Ethereum
Token type Security
Token standard ERC20
Ticker symbol PCX

Token distrubution

  • Tokens for sale (80%)
  • Retained by issuer (5%)
  • Issuer performance incentives (15%)

Use of proceeds

  • Used for asset purchases (95%)
  • Issuance related expensives (5%)

Roadmap

Q4 2018 and beyond

Initial investments liquidate; reinvest of proceeds and profits into new properties and loans to grow the PCX community.

August 2018

Sale completion. Tokens delivered, investments made

May - July 2018

Continue STO marketing. Aperture team to host regular Q&As and marketing outreach.

May 2018

Public sale goes live! Investors around the world have the opportunity to invest.

May 2018

Public sale goes live! Investors around the world have the opportunity to invest

May - July 2018

Continue STO marketing. Aperture team to host regular Q&As and marketing outreach.

August 2018

Sale completion. Tokens delivered, investments made

Q4 2018 and beyond

Initial investments liquidate; reinvest of proceeds and profits into new properties and loans to grow the PCX community.

Our Team

Andrew
Andrew Jewett
Co-CEO
Andrew oversees all day to day operations at Aperture/ Property Coin. Prior to co-founding Aperture in 2016, Andrew was the co-head of capital markets at one of the largest fix and flip operators in the U.S.
Matt
Matt Miles
Co-CEO
Matt is in charge of all investment and capital funding activities at Aperture/ property Coin. Prior to co-founding Aperture in 2016, Matt was the co-head of capital markets at one of the largest fix and flip operators in the U.S.
Rudy
Rudy Cortes
Head of Flips Operations
Rudy oversees all property acquisition, rehabilitation and disposal activities at Aperture. Prior to co-founding Aperture as a partner and head of flips operations, Rudy was a Director of Acquisitions and Regional Investments at one of the largest fix and flip operators in the U.S.
Andrew
Pat Fogarty
CTO
Pat oversees the development, implementation and maintenance of our proprietary technology platform. Before joining the Aperture/ property Coin team, Pat was a Senior Vice President at FirstKey, RBS and Credit Suisse in charge of building enterprise data and process management systems for mortgage and residential real estate holdings.
Andrew
Dan Goldman
Head of Loan Operations
Dan is in charge of the loan originations business at Aperture/ Property Coin including all sales and operations functions. Before joining Aperture, Dan was the Head of Sales at Promontory MortgagePath, and numerous other lending institutions throughout his career.

Advisors

Justin Wu

Justin Wu

Ryan Scott

Ryan Scott

Luke Szkudlarek

Luke Szkudlarek

Jakub Dluhy-Smith

Jakub Dluhy-Smith

Our Partners

Building partners in the blockchain market

Our strategic partners

FAQs

Can you really spend $50 million?

In a word, yes. We’re buying houses and writing loans which is a capital intensive business. Our average purchase price per property is approximately $175,000. Additionally, our lending division requires significant capital to fund its loan originations. Right now, our system analyzes over 3,000 properties per day and even if we were to buy two of those properties per day, that would still require more than $40 million of capital per year.

We built this company, our infrastructure and team to manage billions of dollars worth of assets. We see tremendous opportunity in our core markets and have created the infrastructure and have the senior management team in place to manage and grow this business at significant scale.

We want to be measured and responsible in the growth of this platform. This is our business and our livelihood and Aperture is going to be around for a long time to come. Having the ability to flexible, long term, stable capital, is a really valuable asset to us and we want to reward our token holders accordingly.

How do I profit from PCX?

Each Property Coin represents a fractional ownership of the economic interest in the portfolio of fix and flip properties and loans held by the Property Coin holding entities. By reinvesting 100% of the net profits from the property and loan investments made, the underlying Net Asset Value (“NAV”) should increase over time and as such, the per token share of that NAV should increase as well.

The intent of Property Coin is to provide investors with a stable, growing and asset backed token that can be held, or traded (subject to listing by exchanges) over time.

Is there a utility aspect of PCX?

At this time there is no utility application for PCX. We do have some ideas around the ability to purchase properties using PCX and other ecosystem add ons, and these concepts may or may not be developed over time based on the regulatory environment, legal restrictions, the amount of capital within this ecosystem as well as any number of unknown variables. Right now, PCX should be viewed as an investment security only.

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