The Tokenization of Real Estate

In what Inveniam Capital Partners (ICP) claims will be the first deal of its kind, the New York-based company plans to tokenize four private real estate and debt transactions, totaling $260 million. Acting as general partner, ICP will structure these transactions as digital tokens, which represent interests in the limited partnerships for each of the deals.

Investors will be able to select among four different partnerships: a commercial real estate partnership that is buying a Miami building triple-net leased to WeWork; a student housing partnership that is buying 917 beds in three student housing projects; an infrastructure partnership that will invest in a North Dakota water pipeline project; and a multifamily partnership developing projects in southwest Florida.

Coindesk reported that ICP has put down a deposit on the Miami WeWork property, using an unspecified amount of bitcoin. The partnership on that property seeks $65.5 million for the acquisition of the building.