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PRESS RELEASE




OWNPROP EXPANDS INTO METRO ATLANTA MARKET

Published: Nov. 3, 2022 at 9:00 a.m. ET

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The MarketWatch News Department was not involved in the creation of this
content.

OwnProp Expands into Metro Atlanta Market

Nov 03, 2022 (PRNewswire via COMTEX) -- PR Newswire


Advertisement

AUSTIN, Texas, Nov. 3, 2022

The Web3 Technology company has tokenized Atlanta's first real estate property.

AUSTIN, Texas, Nov. 3, 2022 /PRNewswire/ -- Peter Rex, founder and Executive
Chairman of Rex, announced that OwnProp, a Rex company, is expanding its
offering to the six million strong Atlanta Metro market. OwnProp is a tech
platform that democratizes access to high return and cash flowing multifamily
and commercial real estate deals by fractionalizing real estate using blockchain
technology.





"Having successfully tokenized Austin's first property and now proven market by
closing multiple fully funded offerings, it's no surprise that OwnProp is
growing nationally," said Peter Rex.

"Having successfully tokenized Austin's first property and now proven market by
closing multiple fully funded offerings, it's no surprise that OwnProp is
growing nationally," said Peter Rex. "With high investment minimums and
illiquidity, the most lucrative real estate investments are out of reach to 92%
of potential investors, but OwnProp is changing that," said Rex.


Advertisement

OwnProp's technology and platform fractionalizes real estate enabling low
investment minimums, fast and convenient investing, and direct access to
liquidity by trading ownership tokens on the secondary marketplace. Each
property listed on OwnProp provides informed choice to the investor by providing
financial breakdowns, a digital data room, and property specific details for
each offering.

"We know that investing in real estate is a time-tested way of generating wealth
and the moment has come to make that more accessible," said Ethan Blumenthal,
blockchain engineer and co-founder/CEO of OwnProp. "The traction we've seen is
very exciting. We know the demand is there and by expanding to a proven market
like Atlanta, we're growing to meet that demand."

OwnProp is already planning to grow into additional US markets by year's end.


About Rex

Rex is a technology, investment, and real estate company whose mission is to
empower the billions of people who use real estate to live, work, and play. Rex
has launched Tech Ventures Real Estate (TVRE), a single venture to disrupt real
estate - the world's largest asset class. TVRE leverages Rex's access to 10k+
apartments, an in-house startup studio and elite tech team that conceives of,
launches, and scales revenue generating businesses at an industry leading pace.
Founded by Peter Rex and headquartered in Austin, Texas, Rex has been named a
Forbes 'Best Place to Work.' To learn more, visit rex.com.

About OwnProp

OwnProp is an Austin, Texas-based Web3 technology company tokenizing real estate
and expanding access to real estate investment. OwnProp allows investors to
build a diversified portfolio, learn new investing strategies, and trade
ownership stakes in the world's largest asset class. For more information visit
www.ownprop.com


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For more information, visit www.rex.com



View original content to download
multimedia:https://www.prnewswire.com/news-releases/ownprop-expands-into-metro-atlanta-market-301666875.html

SOURCE Rex




COMTEX_418024035/2454/2022-11-03T09:00:53

Is there a problem with this press release? Contact the source provider Comtex
at editorial@comtex.com. You can also contact MarketWatch Customer Service via
our Customer Center.

Copyright (C) 2022 PR Newswire. All rights reserved

The MarketWatch News Department was not involved in the creation of this
content.


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