RESOURCES | PORTARA

Frequently Asked Questions

Can I access all my investment information online?

Yes, our platform is a one stop shop and single source of truth for all investment related information. You will be able to access all documents, investor communications, track the performance of the fund and your investment, and sift through more detail on each asset. You may also contact a member of our team for any additional questions that come up.

Do I have to tokenize my fund interest?

No, we have made the tokenization features completely optional. Investors may elect to turn off tokenization completely and continue to use our investment portal to track and manage all investment related business. Non-tokenized interests will not be able to make use of the defi platform, however, and investors can tokenize and de-tokenize at their discretion at any time.

Do investors own actual real estate?

Yes, the fund will be directly acquiring luxury homes

What type of properties and locations will you be targeting?

Our acquisition targets are data driven, and will be focused on larger (+3 bedroom) homes in high demand locations with a mix of coastal, mountain, and unique destinations.

Are you going to build homes as well?

No, we do not intend to build ground up. We will be focused on existing assets that can cash flow quickly. We may perform certain upgrades and smaller renovations/refurbishments as part of property repositioning, however, on a case by case basis.

What returns are you targeting?

We are underwriting to a +10% annual cash on cash with a +20% IRR, but we cannot guarantee returns and this number could be higher or lower. Also, investor elections including lockout term, compounding, and defi interactions may produce higher or lower returns unique to each investor.

Can I book a vacation any time? Do I get a discount?

Yes, anyone can book room nights at our properties directly on our booking website portaravillas.com. Owners may use their distributions to book room nights with owner discounts and get even more value from their investment, and we may also introduce further discount packages and last minute deals over time.

If I’m interested, how do I invest?

If you would like to consider an investment, we welcome you to create an account and go through the verification process. Our fund is a private investment vehicle and we seek to build strong long lasting relationships with our investors. We vet all potential investors for fit and suitability so please don’t hesitate to contact us and introduce yourself if you’re interested in learning more.

Does my country of citizenship affect my investment eligibility?

All US taxpayers will be investing through a US based feeder fund entity and will be receiving a typical K-1 as would be expected. All non-US investors will be investing directly in the Luxembourg master fund.

How will the investment be taxed?

All fund entities are tax neutral and investors will need to consult with their accountants to determine their exact tax implications. Investors will reasonably be expected to benefit from real estate depreciation as well as bonus depreciation through cost segmentation analyses. Non-US investors may not have any tax liability depending on the tax jurisdiction of such investor.

How are distributions handled?

Distributions are expected to be made available quarterly. Investors will be able to select whether they wish to receive all or a portion of the distributions in compounded fund interests, and cash distributions may be made in US Dollars or Euros. Furthermore, so long as the distributions remain on platform, investors will receive additional yield on their distributions! Investors may elect to transfer distributions off platform to their bank any time.

If I invested, can I invest more at a later date?

Yes, the fund is structured as an evergreen vehicle and we expect to allow additional capital over time as we grow organically. This dynamic allows investors to dollar cost average into a position and all investors receive the benefit of spreading out acquisitions over time to smooth the peaks and troughs of the economic cycle.

When can I sell my investment?

Fund interests can be redeemed after the elected lockout period or traded on our platform between investors for additional exit optionality subject to certain terms and conditions detailed in the partnership agreement.

When will the platform go live?

We will initially launch a testnet version of the defi platform as we finalize. Users can create an account and request test tokens to preview the system. Stay tuned for updates on official launch!

Do I need an account to use the platform?

Yes and no. The defi borrowing platform is the link between permissioned security tokens and permissionless utility tokens. Investors must supply security tokens in order to borrow and naturally these investors will all have verified accounts. That said, the defi module itself is permissionless and any interested party may launch the platform and participate in the non-security related functionality.

What can I do as an investor?

Investors can supply their VILLA security tokens and borrow our stable value utility token KEY, composing the value of their fund investment into a standard ERC20 utility token that may then be used to interact with the rest of the digital asset environment. Investors supplying VILLA will receive pVILLA as a receipt token acknowledging their supplied collateral.

What can I do with KEY?

KEY holders have a myriad of potential uses. KEY may be staked on platform to participate in borrowing interest earned, or it may be staked into any of the various automated yield strategies being developed for additional yield uncorrelated with the real estate fund. KEY is also the connecting point to external defi protocols and KEY holders may swap KEY for other tokens such as USDC as well as provide liquidity for token pairs on DEXs and earn fees. KEY holders may even swap for rVILLA and utilize the value for a future fund investment.

What does the rVILLA token do?

rVILLA is the reservation utility token that can be exchanged 1:1 for VILLA, and as such would reasonably be expected to track the value of VILLA. If a potential investor would like to lock in the entry value for a fund investment but is not yet ready to invest, they may hold rVILLA and exchange for VILLA at a later date when they are ready. rVILLA will also have certain use cases on the defi platform including the option to stake into the platform and receive rewards.

Investors who have supplied their VILLA as collateral and have received pVILLA may wrap their pVILLA into rVILLA and buy or sell on exchanges to adjust their fund investment exposure, providing novel hedge and investment management functionality.

Can I still participate even if I’m not an investor in the fund?

Yes, all you need to do is connect a wallet such as Metamask to use the defi platform.

What blockchains are supported?

We anticipate support for multiple EVM networks. Stay tuned for updates as we get closer to going live.

Platform Intro

Strategy Intro

Ecosystem Intro