Incorporated in 2012, Metrospaces Inc. has been a fixture of the growing proptech landscape while building out its solutions for the real estate market. The ever-increasing efficiencies they provide are critical in a time where online real estate purchases are picking up steam. First-time buyers and investors with experience are gaining an edge with top-of-the-line solutions from organizations like CEO Oscar Brito’s Metrospaces Inc.
I recently had the opportunity to sit down with Mr. Brito to discuss Metrospaces’ unique approach in the proptech industry. We also dove into how the organization sets sights on a project and how Mr. Brito’s background lent itself to a footprint in this exciting space.
The proptech industry is a space of innovation for the real estate market. How is Metrospaces using the momentum of real estate buyers and sellers who are conducting business online at an increasing rate? Taking advantage of the tech era must be giving your company a razor-sharp edge.
The launching of our co-living and real estate tokenization is a way to increase business and NOI on real estate assets by providing more transparency, the democratization of capital, and liquidity. We achieve this by bringing a substantial portion of the operating and financial aspects of real estate assets online and onto the blockchain.
Was traditional real estate in the DNA of Metrospaces during its founding? What gave way to your understanding of the industry?
Before and during the founding of Metrospaces, I was immersed in real estate development. Over the last 20 years, I have developed approximately 200K square feet of real estate projects, including the London Bulgari Hotel, where I was one of the two founding partners.
Tell us more about what Metrospaces looks for as a sign that a real estate owner will benefit from the solutions you offer.
Metrospaces look for projects led by solid entrepreneurs with solid track records. Once we see that, we are able to provide a substantial portion of whatever the project needs. We focus on the people behind the projects and less so on the project itself.
What is Metrospaces doing to address stakeholders who may be hesitant to embrace new technology?
We lead with credibility. We are confident that as we continue to prove our business model, a growing number of real estate entrepreneurs and stakeholders will embrace our solutions in the co-living and project crowdfunding landscape via tokenization. We are firm on our thesis that this shift is inevitable for the industry’s future.
Avoiding shiny object syndrome while sticking to the game plan is crucial. So, how is Metrospaces able to maintain such incredible focus on scalable and disciplined growth?
We are focused on building the best IT platforms with the best IT team. We are also heavily focused on financing to ensure we have the funding to solidify our platforms for projects. With the proven track of our current team, we are confident that if we focus on these simple things, all else will take care of itself.
Real estate can be one of the most significant single transaction financial decisions that many people make. How does Metrospaces balance tech support with touch- support that allows buyers a sense of connection with their purchases/investments?
The end-user products we are offering are very innovative in many ways. However, perhaps the most innovative and exciting aspect is that by offering fractional ownership in real estate projects, and tokenization of projects brings investors not only liquidity to their investment, but it also significantly lowers the price of entry into a real estate investment. This fact is something that makes the decision much easier.
When the company is listening to buyers in the market today and addressing their needs, what pain points come up most often where Metrospaces has solutions?
Investment size and liquidity on investment are likely the main concerns that we see real estate buyers and investors express. They will often wrestle with these issues before making an investment decision. We are taking these problems head-on by offering our current projects under fractional ownership and our tokenization platforms.
Talk to me about what long-term sustainability looks like for Metrospaces. Is there an approach that spells high adoption rates for the tech by the market? Does it include critical elements such as saving buyers money, time, or both?
The co-living segment is currently in its infancy and one of the fastest-growing segments in real estate. Tokenization is likely to phase out real estate investment banking and syndication completely. The improved mobility via the blockchain is a novel feature to bring to the real estate market. This ability is where our most significant focus is currently.
How have relationships within the industry strengthened Metrospaces’ ability to bring innovative ideas to market and have them land with industry figures who might be nostalgic for the old days?
The relationships we have built over the last 25 years with developers and other real estate actors will be crucial in driving these “old-school” real estate players onto our IT platforms. This shift is critical since there will be a time gap between when the IT is built and when “they” come.
In what ways is Metrospaces delivering a winning customer experience with new technology? Are the offerings friendlier than what is currently on the market?
We are making a strong focus on the user experience of our IT platforms. In fact, we believe the investor dashboards will provide transparency and access to information on real estate assets that were previously inaccessible to real estate investors. We think this will be revolutionary.
Metrospaces is genuinely an exceptional organization. With the growth of proptech and the real estate market overall, this will be an exciting company to watch. In addition, blockchain technology and tokenization allow many hands to make lighter real estate investing work.
Mobility, liquidity, and fractional ownership broaden the marketplace to an even larger consumer base than in years prior. It has been a pleasure to pick the mind of a leader in the space. We look forward to hearing more about Metrospaces in the years to come. Metrospaces is traded on the OTC Markets as MSPC.
DISCLAIMER: This article is strictly the author’s opinion. all stocks involve risks and the possibility of losing all of your investment. please consider all risks before investing and consult with an investment advisor if you lack experience. article provided in part by strategic innovations who are paid for by the companies for social media and research.