Thursday, January 4, 2024

Mountain Top Properties Inc. (MTPP) Diversifies Business Portfolio with PropTech Investments

 

  • MTPP engages in traditional property management, real estate development, and investments in AI and blockchain-enabled PropTech businesses
  • MTPP invested in HQXpress, a blockchain-enabled industrial and warehouse flex space company that services the warehousing, reverse logistics, and liquidation markets
  • Future plans include the addition of AI-powered technologies to automate and streamline purchasing, sales, and other real estate services
  • Other investments include the acquisition, renovation, and repositioning of waterfront and water-view properties in the Hamptons, New York

Mountain Top Properties (OTC: MTPP) is a diversified real estate holding company that builds, acquires, sells, and operates assets through wholly owned subsidiaries and limited partnerships. The company specializes in property management, real estate redevelopment, and property technology, or PropTech.

PropTech is a rapidly growing field within real estate that leverages various technologies to optimize how people buy, sell, rent, manage, and research real estate investments. Companies leveraging PropTech aim to improve the property investment experience through applications that integrate artificial intelligence (“AI”), data analytics, and blockchain technology.

AI-enhanced applications used in real estate quickly analyze massive sets of data to generate aindividualized property listings based on client preferences and previous activity. Generative AI, a subset of the technology, uses algorithms to identify patterns and make connections that enable user agents – or chatbots – to respond to customer inquiries at any time, from any connected location.

Blockchain technology also transforms the real estate investment experience by increasing transparency, security, and efficiency across various property-related activities. Through a decentralized digital ledger, blockchain technology records transactions across a computer network to create a continuous, secure, and tamper-resistant chain. This enables property tokenization – a process that breaks up an asset into digital tokens representing the underlying property with all its rights and obligations. Smart contracts enabled by the technology can automate transactions, streamline property sales and lease agreements, and reduce the need for intermediaries.

Mountain Top Properties is leveraging the digital transformation of real estate by investing in HQXpress – a blockchain-enabled industrial and warehouse flex space company that services the warehousing, reverse logistics, and liquidation markets. The company also plans to add AI-powered technologies to automate and streamline purchasing, sales, and other real estate services.

Along with PropTech investments, MTPP diversifies its portfolio with additional activities that include traditional property management and real estate development. The company’s flagship subsidiary, Mountain Top Realty Inc., manages Mountain Top Capital Fund I LLC – a real estate fund focusing on residential redevelopment in the Hamptons, New York. The fund aims to raise $75 million for the acquisition, renovation, and repositioning of waterfront and water-view properties in the area.

The fund has already secured 70% of acquisition costs and 100% of construction expenses for the venture, with an additional $10 million to explore strategic waterfront opportunities in the region. Minimum returns of 20-30% are expected for each investment and will be realized upon the project’s sale.

Incorporated in 1990, Mountain Top Properties is based in Liverpool, New York, with offices in Sag Harbor, New York. The company focuses on traditional real estate activities while embracing digital innovation through investments in blockchain, AI, and other PropTech applications. With a diversified portfolio spanning property management, real estate development, and advanced technology applications, MTPP is positioned for steady growth on the ever-evolving real estate business landscape.

For more information, visit the company’s website at www.Mountain-Top-Properties.com.

NOTE TO INVESTORS: The latest news and updates relating to MTPP are available in the company’s newsroom at https://ibn.fm/MTPP

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