![]() In addition to the tokenization case-study, Metrospaces plans to utilize this and other hard assets to explore further PropTech initiatives, including state of the art IoT improvements including building management tools, security system and blockchain integration. We believe that this, added to tokenizing third-party assets as a service, will revolutionize real estate capital markets.” “We want to be right in the middle of that industry. “There will clearly be some very exciting opportunities for arbitrage between the private real estate market and the market driven by tokenization,” Brito said. The acquisition is a part of Metrospaces’ strategic plan to secure assets with high liquidity positions in high growth markets such as Texas and Florida. “We believe once our platform is fully launched, we can not only provide exceptional liquidity opportunities for third-party clients, but we will also be able to utilize the platform as principals, bringing additional liquidity to the Metrospaces balance sheet as we continue to acquire and improve commercial assets,” said Brito. Metrospaces CEO Oscar Brito and Laplana see exceptional growth opportunities through the tokenization platform. The tokenization platform is expected to launch later this year. “The Brazos Atrium project is an exciting potential case-study for the tokenization platform we’ve designed for Metrospaces,” explained Shokworks CEO Alejandro Laplana. Additionally, the acquisition will turn Metrospaces EBITDA-positive. The building was acquired at a 12% capitalization rate and represents significant potential upside due to the possibility to adjust rentroll to market-level rates. Located in a burgeoning area of Houston adjacent to Spring at 3303 FM 1960, the Brazos Atrium building is a Class-B space with a current occupancy rate of approximately 99%, made up predominantly of small businesses and nonprofits. (OTC: MSPC), a PropTech company powered by Shokworks, has acquired a 50.6% equity stake in a 60,295 square-foot Houston, Texas, office building as a component in the company’s plans to revolutionize tokenized real estate opportunities through its new blockchain-fueled platform. Public comment will be available until August 5th.NEW YORK-( BUSINESS WIRE)- Metrospaces, Inc. ![]() But ultimately the decision for the new area code will be made by the North American Numbering Plan Administrator. The PUC has instructions for those who would like to provide any other comments or suggestions for the new number. "Since the number is confidential until this all goes through with the commission, you can file your comments." "Basically, they wanna give their input on what area code to be used," Pola said. While there's no official date for when a new area code might be introduced for Houston, Pola said some of the general public are already suggesting numbers. "The people in already use the 10-digit number, so it'll just be an added area code," she said. These area codes will not be affected by the new numbers that will be implemented and current phone numbers will not change, Magenta Pola with the Texas PUC said. The 832 area code was implemented in 1999. The last time the PUC added a new area code was in 2013 when it added 346, when numbers for the 832, 713, and 281 codes already implemented into the Houston area ran out. "The new area code would overlay existing area codes, which currently serve the greater metropolitan area of the City of Houston and smaller cities including Alvin, Baytown, Cleveland, Cypress, Dickinson, Friendswood, Humble, Katy, Kemah, League City, Richmond, Rosenburg, Rosharon, Spring, Sugarland, and Tomball, within the counties of Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, San Jacinto, and Waller." ![]() The new code would serve areas all over Greater Houston, the PUC said in a press release. ![]() The Public Utility Commission (PUC) of Texas has plans to create a new Houston area phone number code because current area codes are projected to run out of numbers by 2025.Īrea codes have been used in place of an operator to dial up a number since around the 1940s, according to the PUC. ![]()
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