Cayman Islands-based holding company La Estancia Holdings on Monday announced the planned May 15, 2019 launch of its Digital Securities Offering (“DSO”) token symbol, “LAEST.” Per the update, the token represents an equity ownership stake in La Estancia Holdings, which includes 18 luxury residential real estate properties, collectively valued at $8.5 million, which are yielding an 8 percent annual return under a long-term commercial lease contract. “We have a unique commercial leasing environment in La Estancia thanks to the government’s exceptional progress in making the Dominican Republic the No. 1 Island economy in the Caribbean,” La Estancia CEO Armando Cignarale said in the news release. “The LAEST Digital Securities Offering represents a solid and growing investment opportunity that we wish to make available to both institutional investors and qualified individual retail investors who traditionally have been priced out of that asset class.”
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About La Estancia Holdings Ltd.
La Estancia Holdings is a leading investor in the Dominican Republic real estate market, benefiting from long standing relationships with the government, businesses and citizens. It offers fractional ownership of high-performance real estate asset portfolios in the Dominican Republic and leverages blockchain technology to streamline the investment process and drive liquidity for investors. For more information, please visit www.LaEstancia.io.
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