Patel Real Estate Holdings (PREH) has launched a $100 million tokenization fund on the Chintai blockchain, aiming to give accredited investors access to institutional-grade real estate opportunities.<\/p>\n
The new PREH Multifamily Fund is a tokenized investment vehicle focused on vintage Class A multifamily units across the top 20 US growth markets, the company told Cointelegraph on May 12.<\/p>\n
\u201cThe entire structure is digital-native from the start \u2014 compliant onboarding, reporting, capital calls, and (potential) secondary market transfers,\u201d a PREH spokesperson said.<\/p>\n
The fund is part of a broader $750 million investment vehicle co-developed by PREH and several institutional firms, including Carlyle, DRA Advisors, Walton Street Capital, RPM and KKR. Initially, the company said that $25 million of the $100 million allocation would be tokenized on Chintai.\u00a0<\/p>\n
According to PREH, the tokenization structure helps alleviate many transparency and liquidity constraints investors typically face in private market placements.<\/p>\n
Founded in 2010, PREH is a national real estate asset manager that oversees a portfolio of Class A multifamily properties. The company owns and operates real estate investments, overseeing the acquisition, financing and management of properties.\u00a0<\/p>\n
Since its inception, PREH has completed more than $500 million in real estate transactions.<\/p>\n
Chintai is a tokenization-focused layer-1 blockchain that also powers the R3 Sustainability Fund<\/a> for environmental, social, and governance (ESG) investing. Its native token, CHEX, is currently valued at $0.24, with a total market capitalization of $244 million, according to CoinMarketCap.<\/p>\n Chintai (CHEX) token price. Source: <\/em>CoinMarketCap<\/em><\/a><\/p>\n “We chose Chintai because they offer a fully regulated, institutional-grade platform purpose-built for tokenizing real-world assets,\u201d PREH\u2019s president, Tejas Patel, told Cointelegraph in a written statement, adding:<\/p>\n \u201cTheir technology allows us to maintain the highest standards of compliance and investor protections while introducing the efficiencies and access advantages of blockchain.\u201d<\/p>\n Related: <\/strong><\/em>RWA tokenization trends and market outlook for 2025: Report<\/strong><\/em><\/a><\/p>\n Tokenizing real estate<\/a> has long been seen as a way to modernize property investment, but until recently, real-world examples were rare.\u00a0<\/p>\n By early 2025, real estate tokenization had gained traction across North America and the United Arab Emirates<\/a>, while efforts are underway in Europe<\/a> to establish regulatory frameworks that support its growth.<\/p>\n One of the biggest catalysts for tokenization is the \u201cability to eliminate the illiquidity discount on real estate,\u201d Polygon CEO Mark Boiron<\/a> told Cointelegraph in March.<\/p>\n The growth of liquid secondary markets for fractional real estate could significantly strengthen that advantage.<\/p>\n This motivation also drove RWA platform DigiShares to launch the REX marketplace on Polygon<\/a> earlier this year, featuring two luxury property listings in Miami, Florida.<\/p>\n Efforts are also underway to tokenize commercial real estate<\/a>, with Blocksquare and Vera Capital recently partnering to offer fractional ownership of more than $1 billion worth of properties.<\/p>\n Deloitte expects global tokenized real estate value to more than quadruple between 2030 and 2035. Source: Deloitte<\/em><\/p>\n Against this backdrop, consultancy firm Deloitte has forecast<\/a> that $4 trillion worth of real estate will be tokenized on the blockchain over the next decade.<\/p>\nTokenizing real estate<\/h2>\n