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

Odaily News Patel Real Estate Holdings (PREH), a US real estate asset management company, has launched a $100 million tokenized fund on the Chintai blockchain to help qualified investors access institutional-grade real estate investments. The newly launched PREH Multifamily Fund is a tokenized investment tool that focuses on older Class A multifamily units in the top 20 growth markets in the United States. Its architecture is digitally native and covers compliant entry, reporting, capital raising and potential secondary market transfers. The fund is part of a $750 million investment tool developed by PREH with Carlyle, DRA Advisors, Walton Street Capital, RPM and KKR, and the initial $25 million will be tokenized on Chintai. PREH said this structure can alleviate the transparency and liquidity problems of private market investments. (Cointelegraph)