- Patel Real Estate Holdings (PREH) has launched a $100 million tokenization fund on the Chintai blockchain for accredited investors.
- The PREH Multifamily Fund focuses on Class A multifamily real estate in major U.S. growth markets, with $25 million initially tokenized.
- Tokenization aims to improve transparency and liquidity in private real estate placements, with global projections of significant sector growth.
Patel Real Estate Holdings (PREH) has introduced a $100 million tokenization fund on the Chintai blockchain, giving accredited investors a way to access large-scale U.S. real estate opportunities. According to statements made to Cointelegraph on May 12, the PREH Multifamily Fund centers on vintage Class A multifamily properties across 20 of the strongest U.S. growth markets.
The fund is part of a larger $750 million collaboration developed by PREH and institutional firms such as Carlyle, DRA Advisors, Walton Street Capital, RPM, and KKR. Of the $100 million pool, $25 million will be initially tokenized on the Chintai blockchain, PREH stated.
A spokesperson explained the structure is entirely digital from the outset, allowing for compliant onboarding, digital capital calls, reporting, and potential secondary market transfers. “The entire structure is digital-native from the start — compliant onboarding, reporting, capital calls, and (potential) secondary market transfers,” the spokesperson said.
PREH reported the tokenization model helps overcome hurdles common in private placements, like limited transparency and liquidity. The company, founded in 2010, manages and operates a national portfolio of Class A multifamily assets. PREH has overseen more than $500 million in real estate transactions since its founding.
Chintai, a blockchain purpose-built for tokenization, also powers the R3 Sustainability Fund for environmental, social, and governance investments. According to CoinMarketCap, Chintai’s native token CHEX is valued at $0.24, with a market capitalization of $244 million.
PREH President Tejas Patel said, “We chose Chintai because they offer a fully regulated, institutional-grade platform purpose-built for tokenizing real-world assets… Their technology allows us to maintain the highest standards of compliance and investor protections while introducing the efficiencies and access advantages of blockchain.”
Tokenizing real estate has been viewed as a method to modernize property investment, and by early 2025, the concept had gained momentum in North America and the United Arab Emirates. Regulatory efforts supporting tokenization are also underway in Europe.
Polygon CEO Mark Boiron cited the “ability to eliminate the illiquidity discount on real estate” as a major reason behind growing interest in the space, as reported by Cointelegraph. Other platforms, such as DigiShares’ REX marketplace and Blocksquare, have launched tokenized property offerings, expanding the sector.
Consultancy firm Deloitte forecasts that the blockchain-based tokenized value of real estate will exceed $4 trillion globally over the next decade, reflecting rising interest in digital ownership and trading of traditionally illiquid assets.
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