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

According to Cointelegraph, 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 level real estate investments. The newly launched PREH Multi Family Residential Fund is a tokenized investment tool that focuses on old Grade A multi family residential units in the top 20 growth markets in the United States. Its architecture is digital native, covering compliance entry, reporting, capital raising, and potential secondary market transfer. The fund is part of a $750 million investment vehicle jointly developed by PREH, 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 the transparency and liquidity challenges of private equity market investments.