Distributed Regional Affiliates (DRA) and local real estate investors (REI) are vitally important to fulfilling our mission.
If you would like to know more, please contact us.
“The problem with real estate is that it’s local. You have to understand the local market.” – Robert Kiyosaki
The Distributed Regional Affiliate companies (DRA, Affiliate) are essential to the mission of UREWPSTM to provide partnership funding for real estate investing companies of all sizes.
To this end, the Affiliates are established and given access to liquid assets in the Company treasury to facilitate the formation of joint ventures (JV) between the Company and real estate investors (REI) in various localities. To compensate the Affiliate for fulfilling its role(s) within each JV, the Company shares with each Affiliate some of the revenues due to the Company as the capital partner. To find out how you can become involved in this critical activity contact us.
Anyone can bring deals to a DRA or provide services to a DRA. However, membership in a DRA is limited, by US securities laws, to Accredited Investors.
THIS IS NOT A SOLICITATION TO BUY SHARES IN A DRA. ANY SUCH SOLICITATION WOULD BE ACCOMPANIED BY ALL DISCLOSURES AND ADDITIONAL INFORMATION AS REQUIRED UNDER US SECURITIES LAWS. MATERIALS PROVIDED HERE ARE INFORMATIONAL ONLY.
Every real estate deal we do involves three partners in a joint venture (JV).
Partner #1 is the real estate investor (REI) who has found a great real estate deal and needs funding to make it happen. The REI brings the deal to the DRA (Partner #2).
Partner #2 is the DRA. Members of the DRA verifies and validates the deal the REI is presenting. They may coach the REI on how to structure the deal to make it better. They may also decide that the deal is not suitable for referring for funding. When the DRA decides a deal is worthy of funding, the DRA refers the deal to the CuBitDAOTM (the DAO), through UREWPSTM, (Partner #3).
Partner #3 is UREWPSTM (the Company). Acting on behalf of the DAO, the Company evaluates the deal presented by the DRA and accepts, rejects, or modifies the deal. When the Company accepts a deal it puts the DAO into the deal as the funding partner, with the Company as the Managing Partner.
When the deal is accepted, the Company forms a JV with all the identified partners. The operating agreement of the JV declares the responsibilities and rights of each party to the venture.
At the same time the JV is formed, the Company forms a trust (the Trust) which is specific to the property involved in the deal (the Subject Property). Money to purchase the Subject Property is deposited into the Trust by the Company. When the property is acquired, money from the Trust is used to buy it and ownership of the Subject Property is held in the Trust.
Every Trust has the Company as the Trustee and the JV as the beneficiary of the trust.
In addition to the legally formed and recognized JV and Trust, the Company creates:
1) A smart contract to automatically execute the terms of the JV
2) A smart contract to automatically execute the terms of the Trust
3) A non-fungible token (NFT) representing the ownership interests in the Subject Property
These blockchain tools reduce administrative costs, increase transparency and reliability while protecting the rights and enforcing the duties of all the parties to the deal.
