Announced on May 12, the PREH Multifamily Fund focuses on vintage Class A multifamily properties in the top 20 fastest-growing markets across the United States. The fund is entirely digital-native, with compliant onboarding, reporting, capital calls, and potential secondary market transfers all managed via blockchain.

Part of a $750M Institutional Vehicle

The tokenized fund is part of a broader $750 million investment vehicle jointly developed by PREH and major institutional partners including Carlyle, DRA Advisors, Walton Street Capital, RPM, and KKR. Initially, $25 million of the fund will be tokenized on Chintai.

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PREH believes the tokenized structure addresses long-standing challenges in the private real estate market, such as low transparency and limited liquidity.

“Blockchain Offers Top-Tier Compliance and Efficiency”

PREH President Tejas Patel explained the choice of Chintai:

“We chose Chintai for their fully regulated, institutional-grade platform specifically designed for real-world asset tokenization. It enables us to uphold investor protection and compliance while gaining efficiency and access through blockchain.”

Founded in 2010, PREH has executed over $500 million in real estate transactions and manages a national portfolio of high-end multifamily properties.

Chintai, a tokenization-centric layer-1 blockchain, also powers ESG-focused initiatives like the R3 Sustainability Fund. Its native token, CHEX, trades at $0.24 with a market cap of $244 million, per CoinMarketCap.

Tokenization Gains Global Momentum

Real estate tokenization is accelerating globally, with adoption growing in North America, the UAE, and parts of Europe, where new regulatory frameworks are being developed.

One of the main drivers is its ability to eliminate the illiquidity discount that plagues traditional property investments.

Consulting firm Deloitte projects that $4 trillion in global real estate assets will be tokenized between 2030 and 2035, highlighting the scale of the shift underway.

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