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Development and operating disclosures
Reporting the progress and funding behind the destination.
Disclosure areas
| Area | Content |
|---|---|
| Development | Development approach, location and land-rights review status, scope and completion imagery. |
| Project Progress | Status of design, permits, construction, inspections and opening, with supporting records, delays and changes. |
| Use of Funds | Budget, committed amounts, payments, remaining cost to complete and contingency. |
| My $MARV | Unit holdings, contracts, register entries, subscriptions paid, confirmed distributions, transfer applications and material matters. |
| Operations & Exit | Post-opening occupancy, financial performance, maintenance, exit strategy, sale and settlement. |
Responsibilities
| Role | Responsibility |
|---|---|
| Issuer and project entity | Define responsibility for contracts, rights, funds, registers and disclosure. Explain the relationship between the local rights-holding entity and the issuer. |
| Development, design and construction | Define the responsible parties, contracts, changes to schedule and budget, warranties and dispute procedures. |
| Progress review and expenditure approval | Define the scope of reviews by qualified professionals. Separate contractors’ reporting from payment approval, with distinct authorities and records. |
| Funds and register management | Reconcile accounts, subscriptions paid, contracts, invoices, budget, remaining cost to complete, registers and balances. Set out the responsibilities and contractual terms of fund managers and custodians in project documents. |
| Post-opening operator | Review required operating permissions, contracts, staffing and services, and report occupancy, revenue, expenses and maintenance. |
| Audit and technical management | Distinguish legal, financial and construction reviews from smart-contract audits. Manage keys, permissions, logs and recovery, and disclose the scope and limits of each review. |
Regular reporting and material changes
Report the programme, budget, expenditure, remaining cost to complete, contingency and permit status together. Define reporting and review frequency and material-change approval criteria according to the programme, project scale and legal requirements. Clearly identify the respective scope of construction reports, financial reviews, third-party valuations and smart-contract audits.
MARAVION Realty Token · 2026.10.28