NOYACK Logistics Income, a private, non-traded fund specializing in alternative real estate asset classes, is forging a pioneering path in the United States through the acceptance cryptocurrency payments. The investment platform has announced a new partnership with BitPay that will allow investors to convert a dozen designated cryptocurrencies — including Bitcoin, Dogecoin, Ethereum, Shibu Inu and five stablecoins pegged to the U.S. dollar — into shares.
Investors will now have the option to use cryptocurrency, conventional currency or a combination of the two. Buyers will also be able to make their investments via mobile devices. Stephen Pair, chief executive officer of BitPay, projects consumers will make USD $55 billion in purchases and investments using cryptocurrency over the coming year, and he reports growing demand for allocations to asset ownership structures such as REITs.
“We see the future of financial transactions on the blockchain and this is another example of moving crypto mainstream with bridges to traditional financial services,” he maintains. “The option to transact in crypto puts them at the forefront of alternative investment management.”
NOYACK Logistics Income is an umbrella partnership real estate investment trust (UPREIT) launched in the fall of 2021 with USD $30 million of NOYACK Capital’s industrial and parking assets. It is focused on life sciences, temperature-controlled and dry storage warehouses, health care facilities; and mobility hubs, and has stated objectives to qualify as a REIT and acquire USD $500 million in properties. That also involves deployment of proprietary analytics and market research to identify opportunities aligned with autonomous vehicle infrastructure, same-day delivery and other logistics-related uses.
“For any investor looking to redeploy crypto gains into dividend-producing investments, our partnership with BitPay makes it a reality and a seamless transaction,” asserts CJ Follini, managing principal of NOYACK Capital. “We see it as an essential way to connect with today’s investors who include investment real estate and cryptocurrency in their retirement accounts such as Roth IRAs and 401(k)s.”
