HJHRE Reports HJH Investments’ First Quarter 2023 Results
HJH REAL Token (HJHRE) today reported financial results for the quarter ended March 31, 2023. In connection with the announcement, HJHRE released 13,038,122.02 tokens at a Proof of Volume price of $1.0223865. As a result, the total number of HJHRE tokens in circulation has increased to 528,302,203.04.
HJHRE is a tracking token designed to monitor and derive its value from the profitability of HJH Investments’ real estate portfolio; however, purchasing HJH REAL tokens does not constitute an investment into any of HJH Investments’ properties.
HJHRE tokens are only released quarterly if HJH Investments obtains more real estate assets. Subsequently, the number of tokens to be released is determined by the value of the assets purchased at the end of each quarter. You can find more information about this process on the token’s website and whitepaper.
Q1 2023 Financial Highlights
- As of May 1, 2023, the Forecasted Net Operating Income for all of HJH Investments’ real estate assets totaled $31,779,620.20, as calculated for the 12 months between April 1, 2023 and March 31, 2024.
- In the first quarter of 2023, HJH Investments conducted $13,330,000.00 in acquisition activity and $21,039,285.00 in disposition activity.
- Using the Proof of Volume price on May 1, 2023, of $1.0223865, HJH Investments released a total of 13,038,122.02 tokens.
- Detailed quarterly reports are available at hjhrealtoken.com.
About HJH REAL Token
HJH Real launched on SushiSwap and Uniswap on March 31, 2022, with a maximum token supply of 1.2 billion units. As a tracking token for HJH Investments’ real estate holdings, HJHRE aims to integrate characteristics of the stock market, real estate, and ETFs using cryptocurrency.
The project utilizes a dual-pricing system to employ a robust tracking mechanism. It involves the Real Estate Asset and Income (REAI), which is a Price-to-Earnings logic applied to the real estate industry. The second formula is a Proof-of-Volume (POV) calculation that divides a well-researched statistical coefficient (i.e., 5,764,801) by the total HJRE exchanged or gifted on the market. Buyers should know that buying HJHRE is not an investment in HJH Investments’ real estate assets.
About HJH Investments
HJH Investments is a Kansas-based commercial real estate syndication firm with a real estate portfolio of $580 Million. To date, HJH has acquired more than 90 properties. The company primarily procures properties in the Midwestern and Southeastern markets of the United States. Visit hjhinvestments.com for more information.
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