Treasury Policy

This page explains how OpenHouse manages treasury funds during the synthetic phase.

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Purpose of the Treasury

The treasury supports the synthetic phase by:

• Paying synthetic yield until the property is fully funded

• Providing liquidity for buying and selling

• Covering gas costs and operational overhead

• Supporting the acquisition process once funding completes

Synthetic Yield

During the synthetic phase, yield comes from treasury funds, not rental income. No property exists yet.

Key details:

• Yield is paid at the published target rate

• Distributions occur monthly

• No rental income is implied or used in this phase

• You can buy, sell, and claim throughout synthetic funding

• This rate is not guaranteed and may differ from eventual real performance

Yield stops once the funding target is reached and the 90-day acquisition window begins.

The 90-Day Acquisition Window

Once a property reaches its funding target, OpenHouse has 90 days to complete the acquisition. This commitment is made with the property developer or seller.

During this window:

• You can continue to buy and sell

• No synthetic yield is paid

• If acquisition succeeds, yield resumes from rental income

OpenHouse updates users throughout the acquisition period.

If Acquisition Fails

If OpenHouse cannot complete the acquisition within 90 days:

• The full funding pool rolls over to the next qualifying property

• You keep your proportional share of the funding pool

• No loss of value occurs

• You may opt out and withdraw instead (if disclosed in terms)

There is no extended funding round and no partial retry. This keeps the system predictable and respects your timeline.

When Treasury Support Ends

Treasury support ends once:

• Funding target is reached

• Migration to real asset purchase begins

• Synthetic yield has concluded

• Acquisition is either completed or rolled over

After Acquisition

Once the property is acquired, treasury support ends. The property generates real rental income, which is distributed after the 8% property management fee is deducted.

Your shares remain the same throughout. There is no swap or migration. After acquisition, the property stands on its own, producing real rent.

Summary

• Synthetic yield only applies until funding is complete

• OpenHouse has 90 days to acquire the property

• If acquisition fails, funds roll over to the next property

• Treasury yield does not run indefinitely

• The transition into real ownership is transparent and time-bound