Newly built Miami residential tower becomes bridge between cryptocurrency and real estate
The cryptocurrency market is often recognized for its uncertainty; its underlying technologies represent a major disruption across industries, such as finance, gaming and supply chain. Consequently, asset prices rise and fall alongside changes in regulatory measures and new applications for the technology.
Most successful investors would agree that investing is about balancing high-risk and low-risk assets to minimize loss and maximize earning potential through diversification. As a result, investors often build portfolios that combine real estate assets, stocks and digital currencies to ensure their portfolio is properly diversified for success.
With this in mind, PMG and Greybrook have partnered with FTX US, a crypto exchange platform, to launch The Elser Hotel & Residences Miami which will enable investors to utilize volatile crypto assets to purchase more stable real estate property in a more accessible way.
The Elser Hotel & Residences launched this summer as a new 49-story luxury condominium built in Downtown Miami, located across from the well-known FTX Arena. The building contains fully furnished residences, a plethora of curated amenities and commercial retail space. Through The Elser Hotel & Residences Owners Program managed by Highgate, the property will allow owners to enter a short-term rental program with daily rental options.
Looking closer at the development itself, The Elser Hotel & Residences offers amenities including a double-level deck spanning over 19,000 square feet overlooking Downtown Miami and Biscayne Bay, a 132-foot resort-style pool with accompanying lounge areas and a 16-foot poolside LED wall. Additionally, long-term guests can take advantage of co-working spaces, modern gyms, fitness studios,
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