Groma issues GromaCoin, a digital asset representing tokenized shares in a US-regulated real estate trust. This structure allows individuals to gain fractional ownership in a portfolio of productive real estate assets. The platform connects investors with tokenized real estate investments while also managing rental properties.
Funding
$29.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The Modern Urban Rental (MUR) asset class, consisting of 2-20 unit apartment buildings, has been historically overlooked by institutional investors due to the complexities of managing smaller, geographically dispersed properties and the challenges of revitalizing older buildings. Traditional methods of property evaluation and management are often inefficient for this asset class, hindering informed decision-making and optimal performance.
Solution
Groma operates a real estate investment and management platform that leverages technology to efficiently acquire, modernize, and operate Modern Urban Rentals. The platform utilizes automated modeling software that aggregates public and proprietary data to rapidly evaluate potential acquisitions, enabling faster and more informed decisions. By standardizing renovation processes and incorporating smart technology for remote monitoring and optimized maintenance, Groma lowers operating expenses and improves tenant satisfaction. The company offers investment opportunities through the GromaREIT, allowing both institutional and individual investors to participate in this previously inaccessible asset class.
Target Audience
Groma targets accredited investors, including institutions, family offices, and individuals, seeking access to the Modern Urban Rental asset class, as well as property owners and real estate agents looking for a streamlined and efficient sales process.
Features
- Automated modeling software for rapid property evaluation using market comparables, zoning data, and rent roll information
- Standardized "Nordic Standard" design system for efficient and high-quality unit upgrades
- Smart building technology for remote monitoring, optimized technician routing, and seamless leasing
- GromaBase platform for investors to view property details, performance metrics, and ownership information
- 1031 exchange options for sellers to defer capital gains taxes
- Direct property acquisition, eliminating broker fees and streamlining the closing process