A new form of Real Estate Cooperative that gives investors/owners full transparency!
New York, NY -- (SBWIRE) -- 09/27/2018 -- The company was founded in 2017 and received $80 Million dollars in funding by eight investors four months after the company was created. The first property was acquired at the same time for $59MM dollar, a 12 story 102K square foots located in the Upper West Side of manhattan. Laura Ven, is the founder and CEO of Group 1 Engineering, she is a long time investor, entrepreneur and engineer who lives in New York since 1994, and wanted to make Real Estate investment accessible to everyone and also change the obscure practices of Cooperatives, "the business structure of Co-Ops, was created to keep investors/owners blind overcharged and with a hierarchy in governance (board) that in most instances was not elected on merit" Group 1 Engineering, is looking to abolish all the bad trades from Co-Ops and bring full transparency and democracy which is mostly needed. Group 1 Engineering is a blockchain structure with a Proof of Asset (PoA) a new and revolutionary token that is backed by a real asset allocated to specific property. Investors of all sizes can take advantage of a real estate investment, one not longer is required to buy a full unit, but rather can buy 1/1,000,000 of a unit, all is needed is $1 dollar, and that investor becomes an instant shareholder. Each specific property will have a limited amount of tokens which cannot increase or decrease in volume, all shareholders have voting rights equal to the tokens held by a specific party, but all token holders are included on the decision making, and full access to all available property finances. Tokens not only function as a Proof of Asset (PoA), but also allow the holders to vote and receive profits from rentals.
While most cryptocurrency has devalue in the last 6 months G1E tokens have double in value as the renovation of the first building is coming along, to learn about the first project which soon will release the last 20% of ownership for sale visit this page, http://www.Group-1-Engineering/RM58_WhitePaper.
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