ICO T27 Silicoin
ICO T27 Silicoin Description:
T27 Silicoin is the security token of Tower 27 which is destined to become one of the most valuable commercial properties in Silicon Valley’s city center, downtown San Jose. The security token offering is one of the largest single real estate STOs in the world with $100 million in size.
T27 Silicoin is a Silicon Valley real estate security token backed by the equities of Tower 27 Partners LP, a Delaware limited partnership. Each T27 Silicoin security token (T27S) is a digital representation of a share in Tower 27 Partners, a limited partnership that owns the building and offers up to 12% annual interest plus 50% profit after the exit.
Net proceeds from the offering will be used to acquire and then redevelop the existing Woolworth Building located in San Jose, California into a 24-story Class A multi-family building that features 374 residential units and 35,597 net square feet of second floor, mezzanine, and street-level commercial space.
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