US real estate asset manager Patel Real Estate Holdings (PREH) has launched a $100 million tokenized fund on the Chintai blockchain to give accredited investors access to institutional real estate investments. The newly launched PREH Multifamily Residential Fund is a tokenized investment vehicle that focuses on older Class A multifamily units in the top 20 growth markets in the US. Its architecture is digitally native, covering compliance, reporting, capital raising, and potential secondary market transfers. The fund is part of a $750 million investment vehicle that PREH is developing with Carlyle, DRA Advisors, Walton Street Capital, RPM and KKR, among others. The initial 25 million dollars will be tokenized in Chintai. PREH said the structure alleviates the transparency and liquidity challenges of private market investments.