Brick by Block:
Navigating the legal landscape of tokenizing real estate.
Net asset value sounds like a single number. In a fractionalized real estate structure, it is the output of a…
Jason Powell
A tokenized real estate interest has two values that frequently diverge: the value of the underlying property, derivable from appraisal,…
Jason Powell
Oversubscription in a tokenized real estate raise is a good problem to have and a compliance problem hiding inside it….
Jason Powell
The hold period question is the most specific version of the broader tokenization-versus-closed-end-fund debate. Even if the fund structure survives…
Jason Powell
Tokenization makes real estate investing more accessible. It does not make the investor-protection obligations that govern who may invest, what…
Jason Powell
A tokenized real estate closing is still a real estate closing. Money must arrive, documents must be executed, approvals must…
Jason Powell
Side letters survive tokenization. A tokenized real estate fund may use blockchain for issuance, transfer controls, and cap table visibility,…
Jason Powell
Retirement investors can participate in tokenized real estate deals, but the path is narrower than most platforms let on. It…
Jason Powell
A tokenized U.S. real estate offering that reaches foreign investors does not become an international offering because of the technology….
Jason Powell
Accreditation verification is not a compliance formality in a tokenized real estate offering. It is a condition of the exemption…
Jason Powell
A tokenized real estate offering can execute a token transfer in seconds. The subscription that authorizes that transfer takes weeks…
Jason Powell
A real estate syndication is three days from its first closing. Subscriptions have come in from fourteen investors. The sponsor’s…