T27 Silicoin is the security token of Tower 27 which will become one of the most valuable commercial properties in Silicon Valley’s city center Downtown San Jose. With $100 million in size T27 Silicoin will be the largest single real estate security token offering in US.
In addition to annual interest payments, we have developed a special profit-sharing system for our investors, the details of which can be viewed after registering in our system.
T27S Security Token Offering Documents
T27 Silicoin security token offering has been started on October 1, 2021 and will last up to 1 year within the framework of U.S. Securities Laws and compliant with SEC regulations.
Tower 27 project is fully entitled and the construction is slated to start on Q1 2022, long before the closing date of offering since we have secured all the funds in traditional financing methods necessary to develop Tower 27. However, due to our belief in crowdsourcing in DeFi and our vision to be one of the pioneer companies in the digital future of real estate, we aim to raise $100 million in financing with T27 Silicoin security token offering.
The construction will be completed at the end of 2024, within 32 months. After the completion of the construction, the lease up period will be finalized within a period of 1 year and the stabilization period will continue for another 1 year. At the end of 2026, exit will be made and the last and most important part of the income distribution to T27 Silicoin holders will be realized.
Q4 2021START OF SECURITY TOKEN OFFERING
Q1 2022START OF CONSTRUCTION
Q4 2022START OF SECONDARY TRADING
Q4 2024END OF CONSTRUCTION
Q4 2025FINALIZATION OF LEASE-UP PERIOD
Q4 2026PROJECT EXIT AND DISTRIBUTION IF PROFITS
T27 Silicoin security token details
T27 Silicoin is a Silicon Valley real estate security token backed by the equities of Tower 27 Partners LP, a Delaware limited partnership. Each T27 Silicoin Security Token (T27S) is a digital representation of one share in Tower 27 Partners LP that owns the building and equals to $1. Net proceeds from the offering will be used to acquire and then redevelop the existing Woolworth Building located in San Jose, California into a 24-story Class A multi-family building that features 374 residential units and 35,597 net square feet of second floor, mezzanine, and street-level commercial space.
Security tokens represent portion of a tradable financial asset such as equity, debt, or a real asset. Security tokens have built-in investor protections, rights, and obligations utilizing a smart contract written directly into the token. A smart contract is a self-executing contract with the terms of the agreement being directly written into lines of code. Real estate tokenization involves creating security tokens on the blockchain and assigning them to real estate properties that already exist or are currently under construction.
Especially in the real estate market, which is highly illiquid, tokenization offers improved liquidity to investors, as well as many other significant advantages. In addition, fractionalization provides investors the opportunity to invest in small amounts in real estate. Besides these benefits, the security tokens provide easy access to global investors, automation thanks to smart contracts, reduced costs, transparency, traceability, immutability, and simplified investment management for both parties.
T27 Silicoin security token will be issued on the ERC-20 (Ethereum Blockchain) token standard. Ethereum is the most popular and most reliable blockchain for security tokens in the world which has natively built-in smart contract functionality.
Contact us to learn more about features of T27 Silicoin.