Patel Real Estate Launches $100M Tokenized Fund on Chintai Blockchain
Patel Real Estate Holdings (PREH) has introduced a $100 million tokenized fund on the Chintai blockchain, designed to provide accredited investors with access to high-quality real estate investment opportunities. The preh Multifamily Fund is a tokenized investment vehicle that focuses on vintage Class A multifamily units in the top 20 US growth markets. The fund's structure is entirely digital, ensuring compliance with onboarding, reporting, capital calls, and potential secondary market transfers.
The fund is part of a larger $750 million investment vehicle co-developed by PREH and several institutional firms, including carlyle, DRA Advisors, Walton Street Capital, rpm, and kkr. Initially, $25 million of the $100 million allocation will be tokenized on Chintai. This tokenization structure aims to address transparency and liquidity constraints that investors typically face in private market placements.
PREH, founded in 2010, is a national real estate asset manager overseeing a portfolio of Class A multifamily properties. The company specializes in the acquisition, financing, and management of real estate investments, having completed over $500 million in real estate transactions since its inception. Chintai, the blockchain platform used for this fund, is a layer-1 blockchain focused on tokenization and powers the R3 Sustainability Fund for environmental, social, and governance (ESG) investing.
Ask Aime: Invest in PREH's tokenized real estate fund on Chintai blockchain for high-quality multifamily opportunities in top US growth markets.
Tejas Patel, the president of PREH, highlighted the choice of Chintai for its fully regulated, institutional-grade platform, which is purpose-built for tokenizing real-world assets. This technology allows PREH to maintain high standards of compliance and investor protections while leveraging the efficiencies and access advantages of blockchain.
Tokenizing real estate has been seen as a way to modernize property investment, and recent developments have shown increased traction in North America and the United Arab Emirates. The ability to eliminate the illiquidity discount on real estate is a significant catalyst for tokenization. The growth of liquid secondary markets for fractional real estate could further strengthen this advantage, as seen with the launch of the REX marketplace on Polygon, featuring luxury property listings in Miami, Florida.
Efforts to tokenize commercial real estate are also underway, with partnerships like Blocksquare and Vera Capital offering fractional ownership of properties worth over $1 billion. This trend is expected to continue, with consultancy firms forecasting significant growth in tokenized real estate over the next decade. The PREH Multifamily Fund represents a notable step in this direction, leveraging blockchain technology to provide investors with new opportunities in the real estate market.

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