US real estate asset manager PREH launches $100 million tokenized fund with institutional support

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MarsBit
05-13
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Patel Real Estate Holdings (PREH), a US real estate asset management company, has launched a tokenized fund worth $100 million on the Chintai blockchain, helping qualified investors access institutional-level real estate investments. The newly introduced PREH multi-family residential fund is a tokenized investment tool focusing on aging Class A multi-family housing units in the top 20 growth markets in the United States. Its structure is digitally native, covering compliant onboarding, reporting, capital raising, and potential secondary market transfers. The fund is part of a $750 million investment tool developed jointly with institutions such as Carlyle, DRA Advisors, Walton Street Capital, RPM, and KKR, with an initial $25 million to be tokenized on Chintai. PREH stated that this structure can alleviate transparency and liquidity challenges in private market investments. (Cointelegraph)

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