A Nigerian proptech startup, Abode Assets Limited, also known as myabode.app, has rewarded investors with dividends of fractional ownership on an asset in Akowonjo, Lagos.

At an open house hosted by the firm recently, investors, who collectively invested at least N100,000 each, were delighted to take delivery of a furnished two-bedroom short-let in a Lagos apartment, transforming them into co-landlords of the property.

The event also unveiled the promise of a remarkable 11.75 per cent annual rental income, to be paid out quarterly to those who invested in acquiring the property.

The Open House, held at the elegant apartment in the Akowonjo area of Lagos, was attended by a diverse group of investors, financial experts, and real estate enthusiasts eager to witness the unfolding of a transformative wealth creation initiative.

Co-Founders of Abode Assets Limited, Jeffery Itepu, said the firm intends to redefine how individuals can participate in the lucrative world of real estate, as by enabling fractional ownership, the company empowers investors with a smaller capital outlay to benefit from high-yield properties that were once beyond their financial reach.

“We believe that wealth creation should not be limited to a privileged few. Our mission is to democratise property investment, making it accessible to anyone with a dream of financial prosperity. Today, as we show this fully-furnished short-let apartment to our investors, we’re not just delivering a promise; we’re delivering possibilities.”

Chief Operating Officer (COO) and Co-founder of the Firm Mr. Damilare Oshokoya, said, “We are proud of our investors. They will all benefit from the short-let’s profit, earning 11.75% annual rental income. Our promises underscore our commitment to delivering substantial returns to investors. The quarterly payment will definitely provide financial stability and growth opportunities for the co-landlords.”

Ms. Damilola Samuel, one of the investors, shared her excitement, saying, “I’ve always dreamed of investing in real estate, but the high cost has been a barrier. When I came across Abode, the company changed that for me and I invested. Today, I am happy to see what we have here. I can’t wait to see the returns on my investment.”

Mr. Emmanuel Sunday also said: “It feels so good to know that I am among the owners of this apartment. From what I have seen, the monies invested were used wisely, and I am proud to be doing this with Abode.”