- The PREH Multifamily fund offers accredited investors access to institutional-grade real estate investments through Chintai’s Layer-1 blockchain.
- US$25M of the fund will be digitised initially and will target the top 20 US growth markets.
- The fund is part of a broader US$750M vehicle with other major institutional partners.
The Patel Real Estate Holdings (PREH) has launched the new PREH Multifamily fund – a tokenised investment fund that aims to give qualified investors access to institutional-grade real estate investments.
The US$100 million (AU$157 million) fund is based on the real-world asset network Chintai and focuses on vintage Class A multifamily units across the 20 fastest-growing markets in the US. PREH has initially committed US$25 million (AU$39 million) of the US$100 million allocation to be tokenised on Chintai’s blockchain.
The fund is part of a broader US$750 million (AU$1.17 billion) investment vehicle developed in partnership with top institutional firms such as Carlyle, DRA Advisors, Walton Street Capital, RPM, and KKR.
According to a PREH spokesperson, the fund is entirely digital-native with “compliant onboarding, reporting, capital calls, and (potential) secondary market transfers”. The company aims to enhance transparency and address liquidity constraints that investors may face in traditional private market placements by leveraging Chintai’s institutional-grade Layer-1 platform.
Tejas Patel, President of PREH, said that the company chose Chintai for its “fully regulated, institutional-grade platform purpose-built for tokenising 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.
Tejas Patel, President of PREHChintai’s tokenisation-focused blockchain also powers environmental, social, and governance initiatives such as the R3 Sustainability fund. According to CoinMarketCap, Chintai’s native token CHEX is currently valued at US$0.24 (AU$0.38) with a total market cap of US$244 million (AU$380.8 million).
Related: BlackRock’s ‘BUIDL’ Tokenised Fund Skyrockets, Tripling in Three Weeks
Modernising Property Investment
The PREH Multifamily fund follows a growing trend in real estate tokenisation across the US, UAE, and Europe. The approach offers the “ability to eliminate the illiquidity discount on real estate”, according to Polygon CEO Mark Boiron.
Firms like DigiShares and Blocksquare are already launching their own tokenised marketplaces for luxury and commercial real estate, respectively. Deloitte forecasts that US$4 trillion (AU$6.28 trillion) in real estate will be tokenised globally by 2035.
PREH’s move signals the shifting landscape of real estate investment, merging the reliability of institutional-grade assets with cutting-edge digital infrastructure to enhance transparency, to unlock liquidity and to expand investor access.
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