The company said, the Evareium portfolio comprises completed buildings totaling almost 700 apartments across two new up-and-coming master communities in Dubai.
Evarei Management announced it has secured the rights to acquire its first $20 million real estate portfolio in Dubai.
The company said, the Evareium portfolio comprises completed buildings totaling almost 700 apartments across two new up-and-coming master communities in Dubai.
Evarei said,” It intends to take a 100 percent interest in the operator of these assets through a leveraged buy-out of the asset owner’s holding company during the second quarter of 2018.”
An UAE-based lead adviser Evarei Management launched a new international investment fund initiative with the name Evareium. It aims to target remunerative real estate projects in the UAE and wider Gulf region, and resettle such portfolio once acquired into Real Estate Investment Trusts (REITs) that Evareium intends to establish regionally in the future.
Evareium allows rapid online digitalized investment into controlled real estate assets through a ‘tokenized’ fund, which aims to create liquidity by registering on multiple digital exchanges over the course of 201.
Stefan Hickmott, Evarei’s CEO said, “This acquisition announcement represents a significant opportunity to be one of the first, landmark investment projects of Evareium. By securing the rights to acquire this excellent portfolio of well-performing assets comprising high-quality complete buildings, Evareium is able to bring this rare opportunity to secure expected strong returns to its stakeholders.”
"Our detailed analysis indicates that the performance metrics that are able to be generated from this acquisition can significantly exceed Evareium’s baseline targets, which Evareium intends to achieve by applying world-class standards, practices and principles to optimize returns from managing its portfolios over the coming years.”
