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REAL ESTATE TOKENIZATION

Summary
Real Estate Tokenization
Service Type
Real Estate Tokenization
Provider Name
Dilendorf Khurdayan,
60 Broad Street, 24th Floor,New York,New York-10004,
Telephone No.212.457.9797
Area
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Description
Legal services for tokenizing real estate

 

Our attorneys are experienced practitioners in the fields of real estate, financing and security token offerings. We combine our in-depth understanding of these fields to offer clients advanced, innovative strategies for tokenizing real estate.

Summary
Real Estate Tokenization
Service Type
Real Estate Tokenization
Provider Name
Dilendorf Khurdayan,
60 Broad Street, 24th Floor,New York,New York-10004,
Telephone No.212.457.9797
Area
Please click on the state you are interested in to view that state's information: Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
Description
Legal services for tokenizing real estate

ATTORNEYS' EXPERIENCE

Advised a client regarding the process of tokenizing a $40M commercial property in the Midwest, addressed applicable securities regulations and token transfer restrictions for US and non-US investors, selected a legal structure for tokenization (LP, SPV, Trustee), guided through the process of underwriting the property interest on a smart contract and issuing legally compliant ERC-20 tokens, and advised regarding the process for verifying the accreditation status of US and non-US investors, KYC/AML checks as well as onshore/offshore banking

Represented a client in structuring a $100M security token offering (STO) for developing and operating green-energy cryptocurrency mining farms in the US and abroad

Worked with a client on setting-up a $20M tokenized real estate lending master feeder fund (US/Cayman)

Tokenization is the process of developing a virtual token on a blockchain to represent a fractional ownership of a real-world asset. In the context of real estate, that asset could be the property itself, ownership interest in a legal entity that owns the property, debt secured by the property or a right to income from such property.

Tokenized real estate has the potential to revolutionize the way in which investors and sponsors finance, purchase, hold, earn income from and sell real estate assets.

Tokenization offers unique advantages over existing investment options. Such advantages include:

  • Liquidity;
  • Access to global investment pool;
  • Reduced barriers to entry for investors;
  • Security; and
  • Transparency

Our firm can guide real estate sponsors, owners and operators through the process of tokenization – from devising an appropriate legal and corporate structure to implementing the real estate token sale in compliance with all applicable regulations.

Comprehensive Guidance in the Face of Complexity

From a legal, practical and technical perspective, real estate tokenization is a highly sophisticated and cutting-edge process. We offer comprehensive guidance and help our clients understand and effectively plan for the complex web of factors, which can impact real estate tokenization transaction:

  • Type of real estate to be tokenized (income-producing, development site, trophy properties, etc.);
  • Type of interest, appropriate structure (fund, SPV, hybrid) and jurisdiction;
  • Tokenization ratio;
  • Encumbrances or clouds on the title of the property;
  • Smart contracts used to define the token rights and to implement the token sale;
  • Federal and state securities laws and regulations;
  • Federal and state tax and reporting requirements;
  • Keeping track of the holders of record, reporting obligations and re-sales; and
  • AML/KYC and investor accreditation requirements during the token sale and secondary trading, if any.

Dilendorf & Khurdayan understands a multitude of issues and how they can impact the tokenization process. We apply our deep knowledge of real estate, tax and securities laws with our experience of launching blockchain assets to help our clients successfully navigate the legal, practical and technical complexities that come with the tokenization of real estate.

Summary
Real Estate Tokenization
Service Type
Real Estate Tokenization
Provider Name
Dilendorf Khurdayan,
60 Broad Street, 24th Floor,New York,New York-10004,
Telephone No.212.457.9797
Area
Please click on the state you are interested in to view that state's information: Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming
Description
Legal services for tokenizing real estate

For a consultation about about structuring the tokenization of real estate interests

please contact Dilendorf & Khurdayan by sending us an email or calling us at 212.457.9797

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