Rex’s founder and executive chairman, Peter Rex, announced that OwnProp, a Rex firm, is expanding its reach to Houston, Texas, as part of the company’s recent regional expansion.

This information follows the recent expansion of OwnProp into Atlanta. OwnProp is a software platform that uses blockchain technology to fractionalize assets to democratise access to lucrative and cash-flowing commercial real estate projects.

Rex remarked, “With OwnProp’s technology, we’ll keep democratising real estate investments like this.”

The 22-story Class A property will be located in Houston’s prominent Uptown neighbourhood. “OwnProp has successfully closed deals for hotels, multifamily apartment buildings, commercial office spaces, and now,” stated Peter Rex. Rex remarked, “We will continue to make real estate investments like this more accessible with OwnProp’s technology.

By allowing minimal investment minimums, quick and easy investing, and direct access to liquidity through the secondary market exchange of ownership tokens, OwnProp’s technology and platform fractionalize real estate. Users can make informed investment decisions by using the financial breakdowns, digital data room, and property-specific information offered by each property listed on OwnProp.

Source: Prnewswire