SYSTEM, METHOD AND COMPUTER PROGRAM PRODUCT FOR FACILITATING COMMERCIAL REAL ESTATE TRANSACTIONS INVOLVING PERCENTAGE OWNERSHIPS IN PROPERTIES
First Claim
1. A method comprising:
- maintaining a database including information associated with a real-estate portfolio of an entity, the real-estate portfolio including one or more real-estate properties;
receiving selection of a property in the portfolio for offering one or more percentage ownerships thereof;
initiating an offering of one or more percentage ownerships of the respective property in response to the selection, initiating an offering including automatically notifying one or more other entities of the offering; and
receiving commitments from one or more other entities regarding respective percentage ownerships of the property to thereby facilitate the entity and one or more other entities concluding a percentage-ownership transaction regarding the property,wherein the offering is retractable by the entity until the one or more other entities commit to purchase, in the aggregate, a minimum percentage ownership of the respective property.
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Abstract
A method is provided that includes maintaining a database including information associated with a real-estate portfolio of an entity, where the real-estate portfolio includes one or more real-estate properties. The method also includes receiving selection of a property in the portfolio for offering one or more percentage ownerships thereof. An offering of one or more percentage ownerships of the respective property is initiated in response to the selection, initiating an offering including automatically notifying one or more other entities of the offering. And commitments are received from one or more other entities regarding respective percentage ownerships of the property to thereby facilitate the entity and one or more other entities concluding a percentage-ownership transaction regarding the property. As provided, the offering is retractable by the entity until the other entities commit to purchase, in the aggregate, a minimum percentage ownership of the respective property.
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Citations
23 Claims
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1. A method comprising:
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maintaining a database including information associated with a real-estate portfolio of an entity, the real-estate portfolio including one or more real-estate properties; receiving selection of a property in the portfolio for offering one or more percentage ownerships thereof; initiating an offering of one or more percentage ownerships of the respective property in response to the selection, initiating an offering including automatically notifying one or more other entities of the offering; and receiving commitments from one or more other entities regarding respective percentage ownerships of the property to thereby facilitate the entity and one or more other entities concluding a percentage-ownership transaction regarding the property, wherein the offering is retractable by the entity until the one or more other entities commit to purchase, in the aggregate, a minimum percentage ownership of the respective property. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. An apparatus comprising:
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a processor configured to maintain a database including information associated with a real-estate portfolio of an entity, the real-estate portfolio including one or more real-estate properties, wherein the processor is configured to receive selection of a property in the portfolio for offering one or more percentage ownerships thereof; wherein the processor is configured to initiate an offering of one or more percentage ownerships of the respective property in response to the selection, including being configured to automatically notify one or more other entities of the offering, the offering being initiated to facilitate receiving commitments from one or more other entities regarding respective percentage ownerships of the property to thereby facilitate the entity and one or more other entities concluding a percentage-ownership transaction regarding the property, wherein the offering is retractable by the entity until the one or more other entities commit to purchase, in the aggregate, a minimum percentage ownership of the respective property. - View Dependent Claims (13, 14, 15, 16, 17)
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18. A computer program product comprising at least one computer-readable storage medium having computer-readable program code portions stored therein, the computer-readable program code portions comprising:
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a first executable portion configured to maintain a database including information associated with a real-estate portfolio of an entity, the real-estate portfolio including one or more real-estate properties; a second executable portion configured to receive selection of a property in the portfolio for offering one or more percentage ownerships thereof; and a third executable portion configured to initiate an offering of one or more percentage ownerships of the respective property in response to the selection, including being configured to automatically notify one or more other entities of the offering, the offering being initiated to facilitate receiving commitments from one or more other entities regarding respective percentage ownerships of the property, wherein the offering is retractable by the entity until the one or more other entities commit to purchase, in the aggregate, a minimum percentage ownership of the respective property. - View Dependent Claims (19, 20, 21, 22, 23)
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Specification