NOYACK Logistics Income (NLI) Becomes First Real Estate Investment Trust To AcceptCryptocurrency via Partnership with BitPay
Innovative real estate investment trust is the first to accept cryptocurrency for share purchase.
NOYACK Logistics Income (NLI), a REIT investing in supply chain real estate sponsored by NOYACK Capital, is now accepting cryptocurrency payments for shares via a partnership with BitPay. NLI becomes the first REIT in history to accept cryptocurrency, enabling investors to fund their commitment with Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC) and five USD-pegged stablecoins (BUSD, DAI, GUSD, USDC, and USDP).
BitPay is a leading crypto payment service provider, allowing buyers to use the wallet and coin of their choice. NLI is the first REIT to partner with their platform, and one of the first alternative investment offerings enabling investors to convert digital cryptocurrency into ownership of a hard asset.
“Alternative investment firms and REITs have not embraced cryptocurrency and we are changing that narrative. We see it as an essential way to connect with today’s investors who include investment real estate and cryptocurrency in their retirement accounts such as Roth IRAs and 401(k)s,” observes CJ Follini, managing principal of NOYACK Capital. “For any investor looking to redeploy crypto gains into dividend-producing investments, our partnership with BitPay makes it a reality and a seamless transaction.”
NOYACK’s BitPay payment integration marks a pioneering initiative for structured commercial real estate investment. The partnership makes investing in NLI with cryptocurrency as seamless as funding share purchases with traditional currency. Investors are free to use cryptocurrency to acquire shares, and to divide investment between crypto and traditional currency as desired at the time of funding. To invest with crypto, buyers simply select their preferred wallet or exchange, choose a cryptocurrency, and either scan a QR code or manually enter payment details into their wallet. Another first is the ability to invest in private commercial real estate on a mobile device.
“We see more transactions from investors asking to move cryptocurrency allocation into physical asset ownership structures like real estate. We see the future of financial transactions on the blockchain and this is another example of moving crypto mainstream with bridges to traditional financial services. For NOYACK to offer NOYACK Logistics Income REIT investors the option to transact in crypto puts them at the forefront of alternative investment management,” said Stephen Pair, CEO of BitPay. “The market potential for crypto adoption bridging into the physical world is huge, with $55 Billion as the estimated value of purchases and investments consumers will make using cryptocurrency in the next 12 months.”
NLI offers the first ever bridge from cryptocurrency into the alternative investment ecosystem, which legacy firms like Blackstone, Apollo and KKR do not provide. NLI is focused on four key commercial real estate asset classes: life sciences, temperature-controlled and dry storage warehouses, healthcare facilities and mobility hubs (a newly defined property type that merges structured parking with amenities such as driverless car portals and electric vehicle charging, package lockers, ghost kitchens, and grocery cold storage). Targeted assets will be selected utilizing NOYACK’s proprietary analytics and market research to identify properties serving emerging needs for climate-controlled storage, autonomous vehicle infrastructure, same-day delivery and other rapidly evolving logistics-related uses.