CitaDAO Docs
  • Overview
    • Introduction
      • Why bring IRL property on-chain?
      • What sets apart CitaDAO from past tokenization projects?
      • Who is CitaDAO for?
    • FAQ
      • FAQ (Listing Properties)
      • FAQ (Real Estate Tokens)
      • FAQ (Legal)
      • FAQ (Operations)
    • Roadmap
    • Tokenized Real Estate
      • 20SML0253
      • 18SML711
  • How IRO works
    • Overview
      • Conducting Due Diligence
    • Introducing Real Estate On-chain (IRO)
      • Committing Stablecoins
      • IRO Rewards
      • IRO Outcome
    • Operations
    • Buyouts
      • Redeeming the Title Deed
    • Primitives
      • Liquidity Primitives
      • Utility Primitives
      • Economic Primitives
  • IRO User Guide
    • Getting Ready
    • IRO User Guide
      • 1. Committing to the IRO
      • 2. IRO Outcome - Properties
        • IRO succeeded & What's next
        • IRO failed & What's next
    • FAQ - Troubleshooting
  • IRO Details
    • London Commercial Building IRO
    • Singapore Industrial Building IRO
      • Singapore
        • 20 Sin Ming Lane
        • 18 Sin Ming Lane
      • Market Comparable
    • Cardiff Commercial Building IRO
      • Cardiff City
      • Property Pricing
  • xKNIGHT Staking
    • What is Staking?
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  • KNIGHT Yield Farming
    • What is Yield Farming?
    • Yield Farming Guide
  • RET YIELD FARMING
    • What is Yield Farming?
    • Yield Farming Guide
  • Tokens on CitaDAO
    • KNIGHT Token
      • CitaDAO Tokenomics
    • Real Estate Token (RET)
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  • What happens after an IRO?
  • How do you ensure transparency?

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  1. How IRO works

Operations

What happens after an IRO?

The property will undergo a traditional conveyancing transaction to transfer the title from the existing landlord into the SPV. A SPV Director will be appointed to manage the SPV and a property manager from an established firm will manage the property.

How do you ensure transparency?

Transparency will be achieved via the property management protocol.

After a successful Introducing Real Estate On-chain (IRO), all qualified property managers will be invited to submit a proposal to manage the Real Estate and that proposal will include projections for the next 12 months in terms of expected rental income, operating cost, and property management fee.

  • The property manager who submitted the highest projected rental yield will automatically be appointed by the SPV director.

RentalYield=RentalIncome−OperatingCost−PropertyManagementFeeRental Yield = Rental Income - Operating Cost-PropertyManagementFeeRentalYield=RentalIncome−OperatingCost−PropertyManagementFee

  • During the next 12 months, if the property manager underperforms significantly from their projection, they will automatically be replaced with the property manager that submitted the next best proposal.

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Last updated 3 years ago

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